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TeraWulf WULF Crypto Mining — Digital asset revenue

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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:RevenueFromContractWithCustomerIncludingAssessedTax.

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

The Company recorded revenue from mining of $12.8 million and $25.8 million during the three and six months ended June 30, 2026, respectively, and $47.6 million and $82.0 million during the three and six months ended June 30, 2025, respectively.

Item 1. Financial Statements

FAQ

What is TeraWulf's crypto mining — digital asset revenue?
TeraWulf (WULF) reported crypto mining — digital asset revenue of $12.8M in Q2 2026.
How has TeraWulf's crypto mining — digital asset revenue changed year-over-year?
TeraWulf's crypto mining — digital asset revenue decreased by 73.1% year-over-year, from $47.6M to $12.8M.
What is the long-term trend for TeraWulf's crypto mining — digital asset revenue?
Over 3 years (2022 to 2025), TeraWulf's crypto mining — digital asset revenue has grown at a 143.5% compound annual growth rate (CAGR), from $10.5M to $151.6M.
What does crypto mining — digital asset revenue mean?
This metric represents the gross revenue generated specifically from the production and sale of digital assets through proprietary mining operations. It reflects the company's ability to convert computational power and energy inputs into marketable cryptocurrency units. This figure is a primary indicator of the operational scale and efficiency of the company's digital asset infrastructure.

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