TERAWULF INC.
Company Stats
- Market Cap
- $7.4B
- as of Sep 30, 2026
- Shares Outstanding
- 499.0M
- Free Float
- 60.4%
Income Statement
- Revenue
- $168.5M
- Operating Income
- -$186.2M
- Net Income
- -$661.4M
- EBITDA
- -$97.6M
- Revenue Growth, 3Y
- 123.8%
- FCF Margin, 3Y Avg
- -337.9%
- FCF Margin, Worst Year
- -702.5%
Cash Flow
- Free Cash Flow
- -$1.2B
- FCF Yield
- -16.0%
- Owner FCF Yield
- -16.7%
Balance Sheet
- Cash & Equivalents
- $3.3B
Returns & Capital
- Share Repurchases
- $33.3M
- Buyback Yield, 3Y Avg
- 0.7%
- SBC, 3Y Avg
- $29.2M
Cash Flow by Year
| Year | Revenue | FCF | Margin |
|---|---|---|---|
| FY2025 | $168.5M | -$1.2B | -702.5% |
| FY2024 | $140.1M | -$292.4M | -208.8% |
| FY2023 | $69.2M | -$70.9M | -102.4% |
| FY2022 | $15.0M | -$95.2M | -633.2% |
| FY2021 | — | -$133.2M | — |
Annual filing data through FY ended December 31, 2025; shares and float as of October 10, 2026. Yields and enterprise value use the calculated market cap above, at its as-of date. Ratios are our calculations from reported figures.
Stronger demand supports expansion as pricing diverges
Financial Services Earnings: Demand Strong, Costs Bite Back