WULFNasdaqSEC EDGAREDGAR

TERAWULF INC.

Finance Services·EASTON, MD·FY end 12/31·CIK 1083301

Financials

5-year history · USD
MetricFY 2025FY 2024FY 2023FY 2022FY 2021Trend
Revenue$168.5M—————
Gross Profit$66.0M—$41.9M$4.0M—
Operating Income-$186.2M-$76.2M-$29.4M-$43.7M-$41.7M
Net Income-$661.4M-$72.4M-$73.4M-$90.8M-$94.0M
Operating CF-$123.2M-$24.4M$4.3M-$34.1M-$24.1M
Capex$1.1B$267.9M$75.2M$61.1M$85.4M
Free Cash Flow-$1.2B-$292.4M-$70.9M-$95.2M-$109.5M
Buybacks$33.3M$118.2M———
Dividends——————
Gross Margin39.2%—————
Operating Margin-110.5%—————
Net Margin-392.6%—————
FCF Margin-702.5%—————
R&D / Revenue——————
Effective Tax-0.0%0.0%0.0%0.3%1.4%
Debt / Equity43.80—0.561.681.54
Buybacks / FCF-2.8%-40.4%———

Peer comparison

Finance Services · 5 peers
CEO Pay Ratio
WULF
—
RIOT
1,419:1
IREN
993:1
AXP
814:1
SOFI
248:1
CORZ
171:1
CEO total comp
WULF
$39M
RIOT
$84M
IREN
$73M
AXP
$46M
SOFI
$30M
CORZ
$23M
Net Margin
WULF
-392.6%
RIOT
-102.4%
IREN
17.4%
AXP
26.2%
SOFI
77.7%
CORZ
-90.5%