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TeraWulf WULF Q3 2025 earnings

Reported November 10, 2025 · After market close

Revenue$50.6MMiss by $2.4M
EPS-$0.07Miss by $0.03
Revenue estimate$53.0M
EPS estimate-$0.04

Next report

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

Financials

Q3 2025

Income statement

See full
Revenue$50.6M+86.9%
Gross profit$33.5M+170%
Operating income-$24.7M-57.0%
Net income-$455.1M-1,902%
EPS (diluted)-$1.13-1,783%

Balance sheet

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Cash & equivalents$712.8M+2,878%
Total debt$25.1M+2,652%
Total equity$247.3M-33.6%
Total assets$2.5B+505%

Cash flow

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Operating cash flow-$36.7M-75.3%
CapEx$231.6M+1,017%
Free cash flow-$268.3M-544%

Valuation & ratios

Valuation

as of 09/30/25
See full
Market cap$4.68B+194%
Enterprise value$4B+154%
P/S27.9×+15.5×

Profitability

See full
Gross margin50.2%-9.3pp
Operating margin-90.3%-137pp
Net margin-336.5%-392pp
FCF margin-403.7%-575pp

Returns & leverage

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Return on equity-182%-208pp
Debt / equity0.1×+0.1×
Current ratio1×0.0×

Segments

By segment

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Digital Asset Mining Segment$43.4M+60.3%

By product

See full
Crypto Mining$43.4M+60.1%

FAQ

When did TeraWulf report Q3 2025 earnings?
TeraWulf (WULF) reported Q3 2025 earnings on November 10, 2025 after market close.
What were TeraWulf's Q3 2025 revenue and EPS?
TeraWulf reported revenue of $50.6M and eps of $-0.07 for Q3 2025.
Did TeraWulf beat estimates in Q3 2025?
Revenue missed the consensus estimate of $53.0M by $2.4M. EPS missed the consensus estimate of $-0.04 by $0.03.
How did TeraWulf's Q3 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 86.9% from $27.1M a year earlier and eps declined 40.0% from $-0.05.
Where can I find TeraWulf's Q3 2025 SEC filings?
You can read the 8-K earnings release (0001083301-25-000096) and the 10-Q periodic report (0001083301-25-000099) directly on SEC EDGAR. The filing index links above go to sec.gov.