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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%
CapEx$855.6M+613%
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:Depreciation.

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 itemThree Months Ended June 30, 2026Three Months Ended June 30, 2025Six Months Ended June 30, 2026Six Months Ended June 30, 2025
Operating expenses – related party1,7331,4753,9193,223
Selling, general and administrative expenses112,4119,996240,01656,569
Selling, general and administrative expenses – related party14,5294,29214,6887,863
Depreciation21,24118,78649,71834,360
Loss (gain) on fair value of digital assets, net799(887)1,452(17)
Change in fair value of contingent consideration1,6001,600
Impairment of property, plant, and equipment25,697
Loss on disposals of property, plant, and equipment3993,8313993,831

Item 1. Financial Statements

FAQ

What is TeraWulf's D&A?
TeraWulf (WULF) reported D&A of $21.24M in Q2 2026.
How has TeraWulf's D&A changed year-over-year?
TeraWulf's D&A increased by 13.1% year-over-year, from $18.79M to $21.24M.
What is the long-term trend for TeraWulf's D&A?
Over 3 years (2022 to 2025), TeraWulf's D&A has grown at a 136.9% compound annual growth rate (CAGR), from $6.67M to $88.6M.
What does D&A mean?
Total non-cash depreciation of tangible assets and amortization of intangible assets — the largest add-back to net income in the operating cash flow reconciliation.

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