TERAWULF INC.
Financial highlights
| Metric | FY December 31, 2025 | FY December 31, 2024 | FY December 31, 2023 | FY December 31, 2022 | FY December 31, 2021 |
|---|---|---|---|---|---|
| Revenue | $168.5M | $140.1M | $69.2M | $15.0M | — |
| Operating income | -$186.2M | -$76.2M | -$29.4M | -$43.7M | -$43.4M |
| Operating expenses | — | — | $71.3M | $47.7M | $43.4M |
| Cash from operations | -$123.2M | -$24.4M | $4.3M | -$34.1M | -$24.1M |
| Capital expenditure | $1.1B | $267.9M | $75.2M | $61.1M | $109.1M |
| Free cash flow | -$1.2B | -$292.4M | -$70.9M | -$95.2M | -$133.2M |
| Share repurchases | $33.3M | $118.2M | $0 | $0 | — |
| Impairments | $0 | $0 | $0 | $4.9M | $48.5M |
| Total assets | $6.6B | $787.5M | $378.1M | $317.7M | $264.9M |
| Total liabilities | $6.4B | $543.1M | $155.6M | $199.9M | $141.7M |
| Total debt | — | — | $139.5M | $146.0M | $123.5M |
Shares outstanding 495.5M · Free float 57.9%
Annual filing data through FY ended December 31, 2025; float as of July 12, 2026.