TERAWULF INC.
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WULF Q1 2026 request
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/api/financials?ticker=WULF&year=2026&quarter=1
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| Metric | Q1 2026 | Q1 2025 | YoY |
|---|---|---|---|
| Revenue | 34,012 | 34,405 | -1.1% |
| Cost of Revenue | 2,361 | 24,553 | -90.4% |
Show Business Segments breakouts |
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| Digital Asset Mining Segment | -90 | 24,553 | -100.4% |
| HPC Leasing Segment | 2,451 | — | — |
| Total Costs & Expenses | 196,154 | 94,033 | +108.6% |
| Gross Profit | 20,449 | 6,960 | +193.8% |
Show Business Segments breakouts |
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| Digital Asset Mining Segment | 10,210 | 6,960 | +46.7% |
| HPC Leasing Segment | 10,239 | — | — |
| Selling, General & Administrative (Q) | — | — | — |
Show Business Acquisition breakouts |
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| Beowulf E&D · Nonrelated Party | 5 | — | — |
| Beowulf E&D · Related Party | 0.3 | — | — |
Show Related Party Transactions By Related Party breakouts |
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| Nonrelated Party | 127,605 | 46,573 | +174.0% |
| Related Party | 159 | 3,571 | -95.5% |
| Operating Income | -162,142 | -59,628 | -171.9% |
| Interest Expense | -67,071 | -4,049 | -1556.5% |
| Income Tax Expense (Benefit) | -28 | — | — |
| Net Income | -427,634 | -61,418 | -596.3% |
| EPS (Basic) | -1.01 | -0.16 | -531.2% |
| EPS (Diluted) | -1.01 | -0.16 | -531.2% |
| Wtd Avg Shares (Basic) | 422,999,671 | 383,149,511 | +10.4% |
| Wtd Avg Shares (Diluted) | 422,999,671 | 383,149,511 | +10.4% |
| Revenue From Contract With Customer Including Assessed Tax | 12,990 | 34,405 | -62.2% |
Show Product Lines breakouts |
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| Crypto Mining | 13 | 34.4 | -62.2% |
Show Business Segments breakouts |
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| Digital Asset Mining Segment | 12,990 | 34,405 | -62.2% |
| Net Income Loss Attributable To Noncontrolling Interest | -69 | — | — |
Show Equity Components breakouts |
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| Noncontrolling Interest | -0.1 | — | — |
| Operating Lease Lease Income | 21,022 | — | — |
Show Business Segments breakouts |
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| HPC Leasing Segment | 21,022 | — | — |
| Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments | -416,127 | -61,418 | -577.5% |
Balance Sheet
| Metric | Q1 2026 | Q1 2025 | YoY |
|---|---|---|---|
| Current Assets | |||
| Cash & Cash Equivalents | 2,629,995 | — | — |
| Restricted Cash Current | 196,282 | — | — |
| Accounts Receivable | 5,604 | — | — |
| Crypto Asset Fair Value Current | 1,237 | 1,400 | -11.6% |
| Prepaid Expense Current | 20,573 | — | — |
| Other Assets Current | 13,737 | 585 | +2248.2% |
| Total Current Assets | 2,867,428 | — | — |
| Non-Current Assets | |||
| Property, Plant & Equipment | 2,582,169 | — | — |
| Goodwill | 55,457 | — | — |
| Operating Lease Right-of-Use Assets | 102,866 | 85,299 | +20.6% |
| Restricted Cash Noncurrent | 266,466 | — | — |
| Other Non-Current Assets | 8,257 | 8,728 | -5.4% |
| Total Assets | 7,008,786 | — | — |
| Other Assets | |||
| Equity Method Investments | 434,793 | — | — |
| Finance Lease Right Of Use Asset | 118,576 | 7,200 | +1546.9% |
| Deferred Costs | 572,774 | — | — |
| Current Liabilities | |||
| Accounts Payable | 227,598 | 54,901 | +314.6% |
| Current Accrued Construction Liabilities | 201,779 | 19,526 | +933.4% |
| Interest Payable Current | 114,825 | 5,997 | +1814.7% |
| Other Liabilities Current (Q) | — | — | — |
Show Related Party Transactions By Related Party breakouts |
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| Nonrelated Party | 87,944 | — | — |
| Related Party | 459 | — | — |
| Deferred Rent Credit Current | 56,683 | 31,960 | +77.4% |
| Operating Lease Liability Current | 2,065 | 26 | +7842.3% |
| Finance Lease Liability Current | 2 | 2 | 0.0% |
| Warrant Liability Current | 1,061,024 | — | — |
| Short Term Borrowings | 98,573 | — | — |
| Other Long Term Debt Current | 43,564 | — | — |
| Convertible Debt Current | 490,354 | — | — |
| Total Current Liabilities | 2,384,870 | — | — |
| Current Portion of Long-Term Debt | 43,564 | — | — |
| Non-Current Liabilities | |||
| Deferred Rent Credit Noncurrent | 14,035 | 58,040 | -75.8% |
| Operating Lease Liabilities | 21,760 | 3,420 | +536.3% |
| Finance Lease Liability Noncurrent | 289 | 291 | -0.7% |
| Other Long Term Debt Noncurrent | 3,060,194 | — | — |
| Convertible Debt Noncurrent | 1,597,266 | — | — |
| Deferred Tax Liabilities | 104 | — | — |
| Other Non-Current Liabilities | 7,888 | — | — |
| Total Liabilities | 7,086,406 | 670,787 | +956.4% |
| Long-Term Debt | 3,103,758 | — | — |
| Long-Term Debt | 3,060,194 | — | — |
| Stockholders' Equity | |||
| Common Stock | 450 | 408 | +10.3% |
| Additional Paid-In Capital | 1,493,611 | 705,897 | +111.6% |
| Treasury Stock Common Value | -151,509 | -151,509 | 0.0% |
| Retained Earnings | -1,421,326 | — | — |
| Total Stockholders' Equity | -78,774 | — | — |
| Minority Interest | 1,154 | — | — |
| Stockholders Equity Including Portion Attributable To Noncontrolling Interest | -77,620 | 170,375 | -145.6% |
Show Equity Components breakouts |
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| Additional Paid In Capital | 1,493,611 | 705,897 | +111.6% |
| Common Stock | 450 | 408 | +10.3% |
| Noncontrolling Interest | 1,154 | — | — |
| Parent | -78,774 | — | — |
| Retained Earnings | -1,421,326 | -393,694 | -261.0% |
| Treasury Stock Common | -151,509 | -151,509 | 0.0% |
| Total Liabilities & Equity | 7,008,786 | — | — |
Cash Flow Statement
| Metric | YTD Q1 2026 | YTD Q1 2025 | YoY |
|---|---|---|---|
| Operating Activities | |||
| Net Income | -427,703 | -61,418 | -596.4% |
Show Equity Components breakouts |
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| Noncontrolling Interest | -69 | — | — |
| Parent | -427,634 | — | — |
| Retained Earnings | -427,634 | -61,418 | -596.3% |
| Amortization Of Debt Issuance Costs Commitment Fees And Accretion Of Debt Discount | 13,224 | 607 | +2078.6% |
| Stock-Based Compensation | 101,418 | 38,674 | +162.2% |
| Depreciation | 28,477 | 15,574 | +82.8% |
| Asset Retirement Obligation Accretion Expense | 168 | — | — |
| Operating Lease Right Of Use Asset Amortization Expense | 1,871 | 685 | +173.1% |
| Revenue Recognized From Digital Currency Mined And Hosting Services | -12,990 | -34,417 | +62.3% |
| Crypto Asset Unrealized Gain Loss Operating | 653 | 870 | -24.9% |
| Impairment Of Long Lived Assets Held For Use | 25,697 | — | — |
| Change In Fair Value Of Warrants | -216,325 | — | — |
| Deferred Income Taxes | 28 | — | — |
| Income Loss From Equity Method Investments | -11,548 | — | — |
| Change in Accounts Receivable | -4,503 | — | — |
| Increase Decrease In Prepaid Expense | -14,301 | -2,306 | -520.2% |
| Increase Decrease In Other Current Assets | -9,134 | -1,289 | -608.6% |
| Increase Decrease In Deferred Charges | 114 | — | — |
| Increase Decrease In Other Noncurrent Assets | 5,807 | -7,700 | +175.4% |
| Increase Decrease In Accounts Payable Trade | 4,315 | 13,844 | -68.8% |
| Increase Decrease In Other Accrued Liabilities | 52,548 | 4,359 | +1105.5% |
| Increase Decrease In Due To Related Parties Current | 259 | -990 | +126.2% |
| Increase Decrease In Deferred Liabilities | -10,751 | 90,000 | -111.9% |
| Increase Decrease In Operating Lease Liability | -499 | -6 | -8216.7% |
| Increase Decrease In Other Operating Liabilities | -162 | — | — |
| Net Cash from Operations | -17,591 | 56,487 | -131.1% |
| Investing Activities | |||
| Capital Expenditures | -522,954 | -93,687 | -458.2% |
| Payments To Acquire Businesses Gross | -201,350 | — | — |
| Proceeds From Disposal Crypto Asset | 11,481 | 32,623 | -64.8% |
| Net Cash from Investing | -712,823 | -61,064 | -1067.3% |
| Financing Activities | |||
| Proceeds From Short Term Debt | 92,750 | — | — |
| Proceeds From Issuance Of Common Stock | 8,956 | — | — |
| Proceeds From Issuance Of Warrants | 3,983 | — | — |
| Tax Withholding for Share Compensation | -5,307 | -18,034 | +70.6% |
| Net Cash from Financing | 100,382 | -51,326 | +295.6% |
| Debt Issuance Costs | 7,250 | 0 | — |
| Supplemental | |||
| Interest Paid | 5,310 | 5 | +106100.0% |
| Unpaid Capital Expenditures | 9,594 | — | — |
| Other Cash Flow | |||
| Net Change in Cash | -630,032 | -55,903 | -1027.0% |
| Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents | 3,092,743 | 218,162 | +1317.6% |
Values in thousands USD. Source: SEC EDGAR 10-Q filing.