WULF: the balance sheet

MyFinsight

For the quarter ending 2026-03-31, WULF has $7,008,786K in assets. $7,086,406K in debts. $2,629,995K in cash and cash equivalents.

Balance Sheets Overview

Current Ratio
120.23%
Quick Ratio
120.23%
Cash Ratio
110.28%
Debt to Asset Ratio
101.11%
Unit: Thousand (K) dollars
Assets Breakdown
Total current assets
Property, plant and equipment, n...
Deferred charges
Others
Liabilities Breakdown
Long-term debt
Convertible notes
Additional paid-in capital
Others

Balance Sheets	2026-03-31	2025-12-31	2025-09-30	2025-06-30
Cash and cash equivalents	2,629,995	3,266,389	711,315	89,993
Restricted cash	196,282	189,933	-	-
Accounts receivable	5,604	1,212	3,506	1,172
Digital assets	1,237	270	492	0
Prepaid expenses	20,573	6,272	2,955	2,939
Other receivables	-	3,395	8,409	4,524
Other current assets	13,737	10,802	2,427	487
Total current assets	2,867,428	3,478,273	729,104	99,115
Property, plant and equipment, net	2,582,169	1,507,699	861,778	604,760
Equity in net assets of investee	434,793	446,008	-	-
Goodwill	55,457	55,457	55,457	55,457
Operating lease right-of-use asset	102,866	103,975	105,067	92,735
Finance lease right-of-use asset	118,576	119,338	120,100	7,114
Restricted cash	266,466	266,453	1,439	1,425
Deferred charges	572,774	572,888	572,943	-
Other assets	8,257	8,091	8,557	8,802
Total assets	7,008,786	6,558,182	2,454,445	869,408

Accounts payable	227,598	65,139	62,281	38,834
Accrued construction liabilities	201,779	102,582	51,971	20,929
Accrued compensation	-	1,717	6,216	4,078
Accrued interest	114,825	52,775	6,868	2,292
Accrued lessor costs	-	27,625	42,813	-
Other accrued liabilities	-	44,828	4,217	6,135
Share based liability due to related party	-	-	10,747	-
Other amounts due to related parties	-	200	145	15
Deferred revenue	-	-	-	687
Other current liabilities, other amounts-Nonrelated Party	87,944	-	-	-
Contingent consideration liabilities	-	-	-	30,000
Other current liabilities, other amounts-Related Party	459	-	-	-
Current portion of deferred rent liability	56,683	58,184	50,653	47,716
Current portion of operating lease liability	2,065	2,015	1,993	616
Current portion of finance lease liability	2	2	2	2
Warrant liabilities	1,061,024	844,698	467,945	-
Short-term debt	98,573	-	-	-
Current portion of long-term debt	43,564	46,316	-	-
Short-term convertible notes	490,354	489,767	-	-
Total current liabilities	2,384,870	1,735,848	705,851	151,304
Deferred rent liability, net of current portion	14,035	23,285	35,504	42,284
Operating lease liability, net of current portion	21,760	22,309	22,813	11,255
Finance lease liability, net of current portion	289	289	290	290
Long-term debt	3,060,194	3,052,240	-	-
Convertible notes	1,597,266	1,582,788	1,060,167	488,716
Warrant liabilities, net of current portion	-	-	371,603	-
Deferred tax liabilities	104	76	-	-
Other liabilities	7,888	902	10,876	1,227
Total liabilities	7,086,406	6,417,737	2,207,104	695,076
Preferred stock, 0.001 par value, 100,000,000 authorized at september30, 2025 and december31, 2024 9,558 and 9,566 issued and outstanding at september30, 2025 and december31, 2024, respectively aggregate liquidation preference of 13,567 and 12,609 at september30, 2025 and december31, 2024, respectively	-	-	9,265	9,273
Common stock, 0.001 par value, 950,000,000 authorized at march31, 2026 and december31, 2025 449,519,078 and 444,534,694 issued at march31, 2026 and december31, 2025, respectively 425,050,328 and 420,065,944 outstanding at march31, 2026 and december31, 2025, respectively	450	444	439	415
Additional paid-in capital	1,493,611	1,285,202	1,256,260	728,217
Treasury stock at cost, 24,468,750 at march31, 2026 and december31, 2025	151,509	151,509	151,509	151,509
Accumulated deficit	-1,421,326	-993,692	-867,114	-412,064
Total terawulf inc. stockholders' (deficit) equity	-78,774	140,445	247,341	174,332
Noncontrolling interests	1,154	-	-	-
Total (deficit) equity	-77,620	-	-	-
Total liabilities and (deficit) equity	7,008,786	6,558,182	2,454,445	869,408

Unit: Thousand (K) dollars (except for numbers of shares and EPS). Numbers labeled with * are estimated quarterly values.

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Balance Sheets Overview

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Balance Sheets

Balance Sheets Overview

Time Plot

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Balance Sheets

Balance Sheets Overview

Current Ratio120.23%Quick Ratio120.23%Cash Ratio110.28%Debt to Asset Ratio101.11%Unit: Thousand (K) dollarsAssets BreakdownTotal current assetsProperty, plant and equipment, n...Deferred chargesOthersLiabilities BreakdownLong-term debtConvertible notesAdditional paid-in capitalOthers

Time Plot

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Balance Sheets

Balance Sheets Overview

Current Ratio120.23%Quick Ratio120.23%Cash Ratio110.28%Debt to Asset Ratio101.11%Unit: Thousand (K) dollarsAssets BreakdownTotal current assetsProperty, plant and equipment, n...Deferred chargesOthersLiabilities BreakdownLong-term debtConvertible notesAdditional paid-in capitalOthers

Time Plot

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Balance Sheets