NASDAQ · Financials

TeraWulf Inc. financials & valuation

Reported statements, fiscal periods and valuation definitions in one place.

Last confirmed price: $13.77+0.88%; Oct 9, 2026, 4:00 PM EDT · Prices may be delayed
Market cap · calculated: $6.87B; Oct 9, 2026 · Valuation and sources

Data dates

Prices as of Oct 9, 4:00 PM EDT · Fundamentals checked Oct 10, 2:36 AM EDT · Statement period ended Jun 30, 2026

Financial statements

Period Statement

Show / hide line items

Revenue

—

FY2023 · ended Dec 31, 2023

Operating Income

-29.42M

FY2023 · ended Dec 31, 2023

Net Income

-73.42M

FY2023 · ended Dec 31, 2023

Amounts in USD. B = billions · M = millions. Scroll horizontally for earlier periods.

Sources, units & calculation notes

TECHi calculation / SEC Companyfacts. Per-share figures are in USD/share; margins in %, debt/equity in ×. TTM sums four consecutive quarters; balance sheets remain period-end balances. A trailing-twelve-month EPS figure is not the sum of the quarterly EPS cells. Growth requires comparable positive values. EPS reflects the reported share count and any stock splits. A missing quarter may show calculated EPS when the necessary net income and share figures are available. EPS comparisons require consistent accounting and split adjustments. Use Tab to move between controls and arrow keys within the table.

WULF annual income
FY2023Ended Dec 31, 2023Filed Feb 27, 2026Source filing	FY2022Ended Dec 31, 2022Filed Mar 3, 2025Source filing	1Y change	3Y annual growth
-73.42M	-90.79M	—	—
37.03M	3.95M	837.3%	—
-29.42M	-43.75M	—	—

Earnings quality · Dec 31, 2023

Net income: -73.42M
Free cash flow: -70.91M
Stock-based compensation: 5.86M
FCF / net income: —
Accrual gap / revenue: —
Cash conversion: Not meaningful with non-positive or missing earnings

Accrual gap = (net income − operating cash flow) / revenue. TECHi descriptive thresholds: strong ≥100%, moderate 75–100%, weak <75%. CapEx timing, working capital and industry structure affect the ratio; it is not an accounting audit.

Download quarterly financial dataset

Changes between reports

Q2 Jun 30, 2026 versus Q1 Mar 31, 2026

Reported periods shown above are compared directly; a missing intervening quarter is not inferred. Margin changes are in percentage points (pp).

Revenue: 44.77M↑ +31.6%; Previous: 34.01M · USD
Gross margin: 19.95%↓ -40.2 pp; Previous: 60.12%
Operating margin: -313.74%↑ +163.0 pp; Previous: -476.72%
Net margin: -2099.58%↓ -842.3 pp; Previous: -1257.30%
Cash: 2.62B↓ -0.4%; Previous: 2.63B · USD
Capex: 855.56M↑ +63.6%; Previous: 522.95M · USD
Stock-based compensation: 83.94M↓ -17.2%; Previous: 101.42M · USD

Reported-period comparison. Guidance and risk-factor changes require reading the filings.

Read the filings

Valuation & ratios

Multiples with negative or missing earnings are not meaningful. Annual free cash flow yield uses the latest fiscal year; provider forward multiples may use a different earnings horizon.

Valuation history and definitions

5Y median / percentile: Five-year observations unavailable
Forward EPS vs trailing EPS: —
PEG: —PEG is the forward P/E divided by the expected EPS growth rate in percent.

EPS growth proxy compares the available annual estimate (FY2026 period end 2026-12-31) with trailing EPS; it is not a multi-year consensus growth rate. Historical valuation uses dated observations, using price divided by the annual EPS estimate recorded that day. P/E observations without a stated earnings period are excluded. Available P/E observations: 0.

Why valuation ratios differ

Forward P/E can use next fiscal year, current fiscal year or next-twelve-month earnings; trailing P/E can use GAAP or adjusted earnings and different closing prices. TECHi compares figures with the same earnings basis and reporting period. Different definitions are not averaged together.

Metric	Value / formula	Source and date
Trailing P/E	N/M · non-positive earnings	Not supplied
Trailing EPS	-4.43	Yahoo Finance · Oct 10, 2026, 2:36 AM EDT
Price ÷ annual EPS estimate	N/M · non-positive estimated EPS	TECHi calculation · FY2026 period end 2026-12-31

All data sources

Search the dated figures used for this view. Each entry identifies its units, reporting period and calculation status.

What this page answers

Decide whether the business supports the valuation.

Explore Revenue quality, margins, cash conversion, debt, and filing cadence.

Keep in mind One-time items or old filings dominate the most recent reported figures.

Browse all companies and funds

Research tools

Market closed

Regular hours: 9:30 AM–4:00 PM America/New_York

Next open: 2026-10-12 · 9:30 AM America/New_York

Exchange calendar includes scheduled holidays and early closes. Extended-session prices appear separately only when supplied by the quote source.