MARKETS / NASDAQ / WULF
NASDAQ · FINANCE SERVICES · LARGE CAP

Terawulf Inc. WULF

15 fiscal years on record · USD · FY2025 reported
SEC FILINGS ONLY
Revenue · FY2025
$151.6M
▲ 8.2% vs FY2024
EPS · FY25
$-1.66
Dividend / sh · FY25
$0.00
Payout · FY25
ROE · FY25
-343.7%
Net margin · FY25
-436.4%
Dividend coverage
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Result
USD 151.6M
Revenue, FY2025 · full 15-year series below
Revenue Net income
0.040.080.120.160.2-0.7201020132016201920232025
0.040.080.120.160.2-0.72016201920232025

The company lost 436 cents on every revenue dollar this year.

Per share
USD -1.66
Diluted EPS, FY2025
EPS Dividend
0.40.81.20.00-1.66201020132016201920232025
0.40.81.20.00-1.662016201920232025

The company pays no cash dividend.

Profitability
-343.7%
Return on equity, FY2025
ROE
2.557.510-343.7%201020132016201920232025
2.557.510-343.7%2016201920232025
Operating margin-122.9%
Net margin-436.4%
Return on assets-18.0%

Each USD of equity lost 344 cents this year.

Returned to shareholders
USD 33.3M
returned in FY2025 · dividends + net buybacks
Dividends paid
Net buybacksUSD 33.3M
Share of profit-5.0%
Consecutive raises

USD 33.3M in buybacks went back to shareholders in a year without profit.

Growth
+62.4% a year
revenue, compounded over five years
CAGR
3 yrs
5 yrs
10 yrs
15 yrs
Revenue
+116.0%
+62.4%
+24.1%
+15.9%

Compound annual rates per period — left blank where the series crosses a loss.

Share base
0.42B
Shares outstanding, FY2025
0.000.42201020132016201920232025
0.000.422016201920232025
Change, 5 years−2.1%
Change, 10 years+0.2%

The share count shrank 2% in five years — the same company, cut into fewer, larger slices.

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Balance sheet
USD 6.6B
total assets, end of FY2025
Total assetsUSD 6.6B
EquityUSD 140.4M
CashUSD 3.3B
Gross debtUSD 3.1B
Net debtUSD -167.8M
Current ratio2.00×

The company holds more cash than debt.

History
15 fiscal years
Every figure from documents filed with the SEC · USD
Metric
2025
2024
2023
2022
2020
2019
2018
2017
2016
2015
2014
2013
2012
2011
2010
Revenue $B
0.2
0.1
0.1
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
Operating income $B
−0.2
−0.1
−0.0
−0.0
−0.0
−0.0
0.0
−0.0
−0.0
0.0
0.0
0.0
0.0
0.0
0.0
EBITDA $B
−0.1
−0.0
−0.0
−0.0
−0.0
−0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
Income tax $B
0.0
0.0
0.0
−0.0
−0.0
−0.0
0.0
−0.0
−0.0
0.0
0.0
0.0
0.0
0.0
0.0
Net income $B
−0.7
−0.1
−0.1
−0.1
−0.0
−0.0
0.0
−0.0
−0.0
0.0
0.0
0.0
0.0
0.0
0.0
EPS, diluted $
−1.66
−0.21
−0.35
−0.82
−0.22
−0.41
0.07
−0.11
−0.03
0.07
0.32
0.34
0.35
0.35
0.56
Dividend / sh $
0.00
0.00
0.00
0.00
·
·
·
·
·
·
·
·
·
·
·
Payout %
·
·
·
·
·
·
·
·
·
·
·
·
288
·
·
ROE %
−343.7
−31.0
−43.2
−75.4
−3.6
−6.4
1.1
−1.7
−0.5
1.0
5.0
5.6
5.6
5.5
9.1
Shares out B
0.42
0.39
0.28
0.15
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00

Slide the table for earlier years · "·" marks figures not disclosed in the filing for that year.

How we verifyAUDITED
59 of 62
checks passed before publication
EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidity

Every figure was compared against the original statement: 0 failures and 3 presentation gaps.

What we don’t show

We’d rather say what’s missing than fill the gap with an estimate.

P/E rationeeds a market quote — not yet licensed
Market capitalizationneeds a market quote — not yet licensed
Dividend yieldneeds a market quote — not yet licensed
Price-to-bookneeds a market quote — not yet licensed