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Other financials

Income statement

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Revenue$44.8M-6.0%
Gross profit$32.4M+26.7%
Operating income-$140.5M-801%
Net income-$939.9M-5,017%
EPS (diluted)-$1.94-3,780%

Balance sheet

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Cash & equivalents$3.0B+3,213%
Total debt$23.6M-94.6%
Total equity$147.3M-15.5%
Total assets$8.0B+826%

Cash flow

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Operating cash flow-$136.7M-149%
Free cash flow-$992.3M-468%

Valuation

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Market cap$8.95B+346%
Enterprise value$5.95B+153%
P/S54.2×+40.3×

Profitability

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Gross margin69.3%+25.4pp
Operating margin-250.4%-719pp
Net margin-1,179.9%-1,288pp
FCF margin-1,515.9%-2,047pp

Returns & leverage

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Return on equity-1,212.1%-1,263pp
Debt / equity0.2×-2.4×
Current ratio0.7×+0.1×

Where this comes from

Reported directly by TeraWulf in its filing.

Tagged under the XBRL concept us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

The source filing: TeraWulf’s 10-Q, filed August 5, 2026.

Filed
Aug 5, 2026, 4:31 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001083301-26-000166
Line itemSix Months Ended June 30, 2026Six Months Ended June 30, 2025
Decrease in other liabilities(1,749)(73)
Net cash (used in) provided by operating activities(154,300)1,677
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of and deposits on plant and equipment(1,378,514)(213,629)
Proceeds from sales of property, plant and equipment681,882
Cash paid for asset acquisition(231,350)
Acquisition of a business, net of cash acquired(2,731)
Purchase of securities(20,563)

Item 1. Financial Statements

FAQ

What is TeraWulf's capex?
TeraWulf (WULF) reported capex of $855.56M in Q2 2026.
How has TeraWulf's capex changed year-over-year?
TeraWulf's capex increased by 613.3% year-over-year, from $119.94M to $855.56M.
What is the long-term trend for TeraWulf's capex?
Over 4 years (2021 to 2025), TeraWulf's capex has grown at a 54.0% compound annual growth rate (CAGR), from $188.26M to $1.06B.
What does capex mean?
Cash spent on property, plant, and equipment — the primary measure of investment in productive capacity and infrastructure.

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