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Terawulf Inc. revenue

Terawulf Inc.'s revenue was $168m in fiscal 2025, up 20.3% on the year before. Since fiscal 2010 ($16.5m) it has grown at a compound 18.0% a year. Over the last twelve months it was $165m.

Revenue history

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Terawulf Inc.: revenue history, annual
Fiscal year2010Dec 20102011Dec 20112012Dec 20122013Dec 20132014Dec 20142015Dec 20152016Dec 20162017Dec 20172018Dec 20182019Dec 20192020Dec 20202022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMJun 2026
Revenue17171717181818171818131569140168165
Growth on the year before—+1.6%+3.2%+1.0%+5.7%−5.0%+0.0%−1.9%+5.6%−3.3%−23.8%+11.9%+360.5%+102.3%+20.3%—
Gross profit77777666654437706666
Gross margin41.2%40.0%40.1%39.7%36.3%35.0%35.5%33.2%34.3%30.6%29.1%26.3%53.5%49.8%39.2%40.2%

Revenue as reported in the company's 10-K and 10-Q filings (for banks, net interest income plus non-interest income). Growth is left blank when the earlier figure was zero or negative.

Revenue against peers

Internet Services & Infrastructure: the closest covered companies by revenue. Last twelve months.

CompanyRevenueGrowth3-year growth a year
Terawulf Inc. $165m 14.6% 59.9%
Cipher Digital Inc. $146m -29.2% —
DHI Group, Inc. $125m -7.3% -7.1%
Bit Digital, Inc $123m 23.6% 221.2%
Travelzoo $92.2m 4.9% 6.1%
Hut 8 Corp. $318m 129.5% 57.0%

Compare with peers

Head to head: CIFR vs WULFDHX vs WULFBTBT vs WULF

More: Internet Services & Infrastructure stocks compared, Technology sector, rankings of US companies

Figures from Terawulf Inc.'s SEC filings (10-K and 10-Q), retrieved October 20, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Terawulf Inc.