For the year ending 2025-12-31, WULF made $168,455K in revenue. -$661,416K in net income. Net profit margin of -392.64%.
| Income Statement | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Total revenue | 168,455 | 140,051 | 69,229 | 15,033 |
| Cost of revenue (exclusive of depreciation shown below) | 82,663 | 62,608 | 27,315 | 11,083 |
| Gross profit | - | - | 41,914 | 3,950 |
| Operating expenses | - | - | - | 2,038 |
| Operating expenses-Nonrelated Party | 12,115 | 3,387 | - | - |
| Operating expenses - related party | - | - | - | 1,248 |
| Operating expenses-Related Party | 7,632 | 4,262 | - | - |
| Selling, general and administrative expenses | - | - | - | 22,770 |
| Selling, general and administrative expenses-Nonrelated Party | 139,465 | 57,883 | - | - |
| Selling, general and administrative expenses - related party | - | - | - | 13,280 |
| Selling, general and administrative expenses-Related Party | 8,292 | 12,695 | - | - |
| Depreciation | 88,597 | 59,808 | - | 6,667 |
| Loss (gain) on fair value of digital assets, net | -612 | 2,200 | - | - |
| Realized gain on sale of digital currency | - | - | - | 569 |
| Realized gain on sale of digital assets | 0 | 0 | - | - |
| Impairment of digital assets | 0 | 0 | - | 1,457 |
| Change in fair value of contingent consideration | 10,397 | - | - | - |
| Loss on disposals of property, plant, and equipment, net | -4,895 | -17,824 | - | - |
| Loss on nonmonetary miner exchange | - | 0 | - | -804 |
| Total cost of operations | - | - | 71,335 | 47,695 |
| Total costs and expenses | 354,668 | 216,267 | - | - |
| Operating loss | -186,213 | -76,216 | -29,421 | -43,745 |
| Interest expense | 80,248 | 19,794 | 34,812 | 24,679 |
| Change in fair value of warrants and derivatives | -429,793 | - | - | - |
| Loss on extinguishment of debt | 0 | -6,300 | 0 | -2,054 |
| Other income | 39,044 | 3,927 | 231 | - |
| Loss before income tax and equity in net (loss) income of investee | -657,210 | -98,383 | -64,002 | -70,478 |
| Income tax provision | 76 | 0 | 0 | -256 |
| Equity in net (loss) income of investee, net of tax | -4,130 | 3,363 | -9,290 | -15,712 |
| Gain on sale of equity interest in investee | 0 | 22,602 | - | - |
| Loss from continuing operations | -661,416 | -72,418 | -73,292 | -85,934 |
| Loss from discontinued operations, net of tax | 0 | 0 | -129 | -4,857 |
| Net loss | -661,416 | -72,418 | -73,421 | -90,791 |
| Preferred stock dividends | - | - | 1,074 | 783 |
| Net loss available to common stockholders, basic | - | - | -74,495 | -91,574 |
| Basic EPS | -1.66 | -0.21 | -0.35 | -0.82 |
| Diluted EPS | -1.66 | -0.21 | -0.35 | -0.82 |
| Basic Average Shares | 397,608,216 | 351,315,476 | 209,956,392 | 110,638,792 |
| Diluted Average Shares | 397,608,216 | 351,315,476 | 209,956,392 | 110,638,792 |
TERAWULF INC. (WULF)
TERAWULF INC. (WULF)