Friday 6 November 2026 Export WULF’s income statement to Excel — free account

TeraWulf Inc.

TeraWulf Inc.’s revenue for fiscal 2025 (year ended December 2025) was $168.5 million, up 20.3% from fiscal 2024.

Revenue: −6.02%
EPS: −3,780.0%
Free cash flow: −695.3%
Total debt: +966.1%

Quarter to June 2026, against a year earlier

10.26 0.18 +1.79%

Follow WULF

Alert me

Market cap: $5.0B
P/E: 0.0×
Fwd P/E: −3.7×
Dividend yield: —
F-score: 1/9
Altman Z: n/a
Beneish M: n/a
Dividend safety: n/a

Overview Business Profile Earnings & Analysis Segments Valuation Filings

TeraWulf Inc. (WULF) revenue by segment, product and region

Where the money comes from and where it goes

Fiscal 2018: revenue by segment, and margins
Chromaline	12	63.75%
Ikonics Imaging	4	24.15%
Ams	2	9.80%
Dtx	0	2.31%
Gross margin		34.34%
Operating margin		1.24%
Pre-tax margin		1.02%

Revenue by product or service $m

Line	FY2024	FY2023	FY2022
Crypto Mining	139 99.46%	62 89.12%	11 69.85%
Data Center Hosting	1 0.57%	8 10.83%	5 30.60%
Revenue	140	69	15

Revenue by segment $m

Line	FY2024	FY2023	FY2020	FY2019	FY2018	FY2017
Digital Asset Mining Segment	140 100.00%	69 100.00%	—	—	—	—
Chromaline	—	—	8 63.10%	11 65.11%	12 63.75%	—
Ikonics Imaging	—	—	4 27.62%	4 23.79%	4 24.15%	4 23.32%
Ams	—	—	1 7.09%	2 8.86%	2 9.80%	1 4.33%
Dtx	—	—	0 2.20%	0 2.24%	0 2.31%	1 4.74%
Domestic	—	—	—	—	—	7 40.22%
Export	—	—	—	—	—	5 27.39%
Revenue	140	69	13	18	18	17

Operating income by segment $m, and margin

	FY2024	FY2023	FY2020	FY2019	FY2018	FY2017
Chromaline	‡	‡	‡	‡	‡	‡
Ikonics Imaging	‡	‡	‡	‡	‡	‡
Dtx	‡	‡	‡	‡	‡	‡
Ams	‡	‡	‡	‡	‡	‡
Domestic	‡	‡	‡	‡	‡	‡
Export	‡	‡	‡	‡	‡	‡
Corporate and other	‡	‡	‡	‡	‡	‡
Operating income	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡

Operating figures as reported in each quarter’s results release or filing

Figure	Quarter	Latest	A year before	Change
HPC capacity at Lake Mariner	Q3 FY2026	102.00	22.50	+353.33%

	Q3 FY2026	Q2 FY2026	Q1 FY2026	Q3 FY2025
HPC capacity at Lake Mariner	‡	‡	‡	‡
	‡	‡	‡	‡
	‡	‡	‡	‡
	‡	‡	‡	‡
	‡	‡	‡	‡
	‡	‡	‡	‡
	‡	‡	‡	‡
	‡	‡	‡	‡
	‡	‡	‡	‡
	‡	‡	‡	‡
	‡	‡	‡	‡
	‡	‡	‡	‡

As each company reports them in its 10-K and 10-Q filings, in US dollars. Where a later filing recast a year's segments, the year is shown as recast; a period whose breakdown does not add up to the company's revenue is left out.