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TeraWulf WULF Q1 2025 earnings

Reported May 9, 2025 · Before market open

Revenue$34.4MMiss by $11.5M
EPS-$0.16Miss by $0.09
Revenue estimate$45.9M
EPS estimate-$0.07

Next report

Nov 9, 2026 (in 2 months)
Revenue estimate$63.9M
EPS estimate-$0.18

Financials

Q1 2025

Income statement

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Revenue$34.4M-18.9%
Gross profit$9.9M-64.8%
Operating income-$59.6M-2,475%
Net income-$61.4M-539%
EPS (diluted)-$0.16-433%

Balance sheet

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Cash & equivalents$218.2M+376%
Total debt$346.7M+246%
Total equity$170.4M-37.4%
Total assets$841.2M+113%

Cash flow

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Operating cash flow$56.5M+147%
CapEx$93.7M+99.4%
Free cash flow-$37.2M-54.1%

Valuation & ratios

Valuation

as of 03/31/25
See full
Market cap$1.05B+37.0%
Enterprise value$1.18B+43.6%
P/S7.9×+0.3×

Profitability

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Gross margin44.9%-18.4pp
Operating margin-101.1%-142pp
Net margin-94.1%+182pp
FCF margin-231.3%-455pp

Returns & leverage

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Return on equity-56.1%-870pp
Debt / equity2×+1.7×
Current ratio1.9×+1.5×

Segments

By segment

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Digital Asset Mining Segment$34.4M—

By product

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Crypto Mining$34.4M-17.3%

FAQ

When did TeraWulf report Q1 2025 earnings?
TeraWulf (WULF) reported Q1 2025 earnings on May 9, 2025 before market open.
What were TeraWulf's Q1 2025 revenue and EPS?
TeraWulf reported revenue of $34.4M and eps of $-0.16 for Q1 2025.
Did TeraWulf beat estimates in Q1 2025?
Revenue missed the consensus estimate of $45.9M by $11.5M. EPS missed the consensus estimate of $-0.07 by $0.09.
How did TeraWulf's Q1 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue declined 18.9% from $42.4M a year earlier and eps declined 700.0% from $-0.02.
Where can I find TeraWulf's Q1 2025 SEC filings?
You can read the 8-K earnings release (0001083301-25-000031) and the 10-Q periodic report (0001083301-25-000038) directly on SEC EDGAR. The filing index links above go to sec.gov.