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TeraWulf WULF Net investment gains (losses)

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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:EquitySecuritiesFvNiGainLoss.

The source filing: TeraWulf’s 10-K, filed February 27, 2026.

Filed
Feb 27, 2026, 1:54 PM EST
Fiscal year
FY2025
Accession
0001083301-26-000031
Line itemYear Ended December 31, 2025Year Ended December 31, 2024Year Ended December 31, 2023
Loss before income tax and equity in net (loss) income of investee(657,210)(98,383)(64,002)
Income tax provision(76)
Equity in net (loss) income of investee, net of tax(4,130)3,363(9,290)
Gain on sale of equity interest in investee22,602
Loss from continuing operations(661,416)(72,418)(73,292)
Loss from discontinued operations, net of tax(129)
Net loss$(661,416)$(72,418)$(73,421)
Loss per common share:

ITEM 8. Financial Statements and Supplementary Data

FAQ

What is TeraWulf's net investment gains (losses)?
TeraWulf (WULF) reported net investment gains (losses) of $0 in Q4 2025.
How has TeraWulf's net investment gains (losses) changed year-over-year?
TeraWulf's net investment gains (losses) decreased by 100.0% year-over-year, from $5.65M to $0.
What does net investment gains (losses) mean?
Net realized and unrealized gains and losses on the company's investment portfolio, including equity securities, debt securities, and alternative investments.

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