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TeraWulf WULF Stock-Based Comp

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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:ShareBasedCompensation.

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
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:
Amortization of debt issuance costs, commitment fees and accretion of debt discount23,0001,215
Related party expense settled with respect to common stock2,375
Stock-based compensation expense185,35739,978
Stock-based charitable contribution14,390
Depreciation49,71834,360
Accretion of asset retirement obligations435
Change in asset retirement obligations estimate15

Item 1. Financial Statements

FAQ

What is TeraWulf's stock-based comp?
TeraWulf (WULF) reported stock-based comp of $83.94M in Q2 2026.
How has TeraWulf's stock-based comp changed year-over-year?
TeraWulf's stock-based comp increased by 6337.0% year-over-year, from $1.3M to $83.94M.
What is the long-term trend for TeraWulf's stock-based comp?
Over 2 years (2023 to 2025), TeraWulf's stock-based comp has grown at a 194.8% compound annual growth rate (CAGR), from $5.86M to $50.91M.
What does stock-based comp mean?
Total non-cash stock-based compensation expense for equity awards (RSUs, options, ESPP), added back to net income in cash flow reconciliation.

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