For the quarter ending 2026-03-31, WULF made $34,012K in revenue. -$427,634K in net income. Net profit margin of -1257.30%.
| Income Statement | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Total revenue | 34,012 | 35,836 | 50,578 | 47,636 |
| Cost of revenue (exclusive of depreciation shown below) | 2,361 | 18,893 | 17,123 | 22,094 |
| Operating expenses-Nonrelated Party | 9,016 | 6,011 | 2,921 | 2,039 |
| Operating expenses-Related Party | 2,186 | 2,827 | 1,582 | 1,475 |
| Selling, general and administrative expenses-Nonrelated Party | 127,605 | 66,346 | 16,550 | 9,996 |
| Selling, general and administrative expenses-Related Party | 159 | 303 | 126 | 4,292 |
| Depreciation | 28,477 | 27,735 | 26,502 | 18,786 |
| Loss on fair value of digital assets, net | -653 | -967 | 338 | 887 |
| Realized gain on sale of digital assets | - | 0* | - | - |
| Impairment of digital assets | - | 0* | - | - |
| Change in fair value of contingent consideration | - | 2,909* | 8,797 | 1,600 |
| Impairment of property, plant, and equipment | 25,697 | - | 0 | - |
| Gain on disposals of property, plant, and equipment, net | - | 3,832* | -1,987 | -3,831 |
| Total costs and expenses | 196,154 | 122,159 | 75,250 | 63,226 |
| Operating loss | -162,142 | -86,323 | -24,672 | -15,590 |
| Interest expense | 67,071 | 62,357 | 9,830 | 4,012 |
| Change in fair value of warrants and derivatives | - | -4,747* | -424,642 | - |
| Loss on extinguishment of debt | - | 0 | 0 | 0 |
| Change in fair value of warrants | -216,325 | - | - | - |
| Interest income | 29,411 | 31,055* | 4,094 | 1,232 |
| Loss before income tax and equity in net loss of investee | -416,127 | -122,372 | -455,050 | -18,370 |
| Income tax provision | 28 | 76 | 0 | 0 |
| Equity in net loss of investee, net of tax | -11,548 | -4,130 | 0 | 0 |
| Gain on sale of equity interest in investee | - | 0 | - | - |
| Loss from continuing operations | - | -126,578* | - | - |
| Net loss | -427,703 | - | - | - |
| Loss from discontinued operations, net of tax | - | 0* | - | - |
| Less net loss attributable to noncontrolling interests | -69 | - | - | - |
| Net loss attributable to terawulf inc | -427,634 | -126,578 | -455,050 | -18,370 |
| Basic EPS | -1.01 | -0.302 | -1.13 | -0.05 |
| Diluted EPS | -1.01 | -0.302 | -1.13 | -0.05 |
| Basic Average Shares | 422,999,671 | 418,828,967 | 401,559,291 | 386,895,095 |
| Diluted Average Shares | 422,999,671 | 418,828,967 | 401,559,291 | 386,895,095 |
TERAWULF INC. (WULF)
TERAWULF INC. (WULF)