7Baggers

Terawulf Quarterly Income Statements Chart

Quarterly
 | 
Annual
 
 Revenue  
 Gross Profit  
 Operating Profit  
 Net Income  
20200630 20200930 20201231 20210331 20210630 20210930 20220208 20220331 20220630 20220930 20221231 20230331 20230930 20231231 20240331 20240630 20240930 20241231 20250331 20250630 -61.42-45.84-30.26-14.680.916.4832.0647.64Milllion

Terawulf Quarterly Income Statements Table

Quarterly
 | 
Annual
 
Unit: USD2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2022-02-08 2021-09-30 2021-06-30 2021-03-31 2020-12-31 2020-09-30 2020-06-30 2020-03-31 2019-12-31 2019-09-30 2019-06-30 2019-03-31 2018-09-30 2018-06-30 2018-03-31 2017-12-31 2017-09-30 2017-06-30 2017-03-31 2016-12-31 2016-09-30 2016-06-30 2016-03-31 2015-12-31 2015-06-30 2015-03-31 2014-12-31 2014-09-30 2014-06-30 2014-03-31 2013-12-31 2013-09-30 2013-06-30 2013-03-31 2012-12-31 2012-09-30 2012-06-30 2012-03-31 2011-09-30 2011-06-30 2011-03-31 2010-12-31 2010-09-30 2010-06-30 2009-12-31 2009-09-30 2009-06-30 2009-03-31 2008-09-30 2008-06-30 
                                                                 
  revenue47,636,000 34,405,000 34,985,000 27,059,000 35,574,000 42,433,000 23,285,000 18,955,000 11,533,000  3,864,000 1,385,000                                                    
  yoy33.91% -18.92% 50.25% 42.75% 208.45%  502.61% 1268.59%                                                        
  qoq38.46% -1.66% 29.29% -23.94% -16.16% 82.23% 22.84% 64.35%   178.99%                                                     
  costs and expenses:                                                               
  cost of revenue22,094,000 24,553,000 19,622,000 14,660,000 13,918,000 14,408,000 8,932,000 8,268,000 5,002,000  5,181,000 591,000                                                    
  operating expenses2,039,000 1,144,000 1,076,000 729,000 797,000 785,000 898,000 442,000 308,000  261,000 948,000                                                    
  operating expenses – related party1,475,000 1,748,000 654,750 856,000 875,000 888,000 503,750 779,000                                                        
  selling, general and administrative expenses9,996,000 46,573,000 27,979,000 8,502,000 9,113,000 12,289,000 5,556,000 5,767,000 6,492,000  5,934,000 4,334,000  1,350,536.75 2,274,054 1,944,502 1,183,591 1,056,504 979,773 1,202,307 1,781,020 1,415,356 1,347,404 1,338,861 1,381,965 1,368,845 1,308,963 1,348,983 1,296,761 1,305,455 1,393,636 1,510,614 1,489,958 1,357,605 1,325,170 1,439,116  1,252,521 1,415,597 955,806 1,282,161 1,240,413 1,300,650 1,031,200.25 1,330,199 1,329,056 1,465,546 996,213.5 1,273,286 1,285,371 1,426,197 1,254,016 1,267,695 1,343,641 852,360.25 1,086,577 1,122,475 275,402.5 1,101,610 1,095,839 1,221,581   
  selling, general and administrative expenses – related party4,292,000 3,571,000 2,099,750 2,976,000 2,803,000 2,620,000 2,523,250 4,519,000                                                        
  depreciation18,786,000 15,574,000 14,944,000 15,643,000 14,133,000 15,088,000 8,265,000 8,224,000 5,433,000  1,515,000 200,000                                                    
  (gain) loss on fair value of digital currency-887,000                                                               
  change in fair value of contingent consideration1,600,000                                                               
  loss on disposals of property, plant, and equipment3,831,000      789,000 420,000                                                        
  total costs and expenses63,226,000 94,033,000 86,409,000 42,770,000                                                            
  operating income-15,590,000 -59,628,000 -51,424,000 -15,711,000 -6,765,000 -2,316,000 -4,666,000 -9,689,000 -9,221,000  -13,374,000 -7,816,000                                                    
  yoy130.45% 2474.61% 1002.10% 62.15% -26.63%  -65.11% 23.96%                                                        
  qoq-73.85% 15.95% 227.31% 132.24% 192.10% -50.36% -51.84% 5.08%   71.11%                                                     
  operating margin %-32.73% -173.31% -146.99% -58.06% -19.02% -5.46% -20.04% -51.12% -79.95%  -346.12% -564.33%                                                    
  interest expense-4,012,000 -4,049,000 -3,015,000 -409,000 -5,325,000 -11,045,000 -9,277,000 -10,251,000 -6,834,000  -7,230,000 -4,139,000  -25,610.75 -103 -82,498 -19,842 -15,862 -24,592 -24,623 -21,484 -22,469 -22,799 -22,515 -22,275 -23,298 -23,807 -19,935 -20,605 -20,832 -20,826 -20,817 -21,502 -21,721 -14,999                             
  loss on extinguishment of debt   -4,273,000  -2,027,000                                                          
  interest income1,232,000 2,259,000                                        1,552 1,958 1,712 1,372 1,744 2,215 2,673 2,572 3,079 3,726 4,028 4,781 4,562 6,009 6,267 3,886 5,108 3,070 2,050 70 19,890 23,697 
  income before income tax and equity in net income of investee-18,370,000 -61,418,000 -51,798,000 -20,054,000 -11,643,000 -14,888,000 -13,825,000 -19,881,000 -16,055,000  -20,604,000 -11,955,000                                                    
  income tax benefit          256,000   1,389.25 25,081 823 -20,347 22,000 6,929  -238,929 -42,693.75 2,361  -102,738 -6,727 39,542 -20,416 23,617 -53,760 -44,934 -222,923 65,415 60,225 -2,260 -127,380  168,468     112,216    83,837    30,219   9,489       -16,484   
  equity in net income of investee, net of tax   -2,679,000 767,000 5,275,000 3,323,000 850,000 -10,167,000  -12,739,000 -1,084,000                                                    
  net income-18,370,000 -61,418,000 -29,196,000 -22,733,000 -10,876,000 -9,613,000 -10,525,000 -19,099,000 -26,257,000  -33,988,000 -13,669,000  -473,912.75 -851,736 -722,276 -321,639 1,463,185 -273,996 -1,041,503 -587,006 -80,072 -162,744 -115,711 -455,031 -24,752 145,336 -130,738 368,769 -110,953 -105,066 -378,897 6,260 82,266 39,225 -192,812  27,724 -228,947 106,452 138,971 198,432 204,915 360,649 116,162 293,112 -87,750 285,142 228,112 243,083 -62,406 214,677 309,546 37,342 334,964 287,343 343,272 402,025 -709,385 146,748 53,135 237,833 358,437 
  yoy68.90% 538.91% 177.40% 19.03% -58.58%  -69.03% 39.72%   3890.44% 1792.49%  -132.39% 210.86% -30.65% -45.21% -1927.34% 68.36% 800.09% 29.00% 223.50% -211.98% -11.49% -223.39% -77.69% -238.33% -65.50% 5790.88% -234.87% -367.85% 96.51%  196.73% -117.13% -281.13%  -86.03% -211.73% -70.48% 19.64% -32.30% -333.52% 26.48% -49.08% 20.58% 40.61% 32.82% -26.31% 550.96% -118.63% -25.29% -9.82% -90.71% -147.22% 95.81% 546.04% 69.04% -297.91%     
  qoq-70.09% 110.36% 28.43% 109.02% 13.14% -8.67% -44.89% -27.26%   148.65%   -44.36% 17.92% 124.56% -121.98% -634.02% -73.69% 77.43% 633.10% -50.80% 40.65% -74.57% 1738.36% -117.03% -211.17% -135.45% -432.37% 5.60% -72.27% -6152.67% -92.39% 109.73% -120.34%   -112.11% -315.07% -23.40% -29.97% -3.16% -43.18% 210.47% -60.37% -434.03% -130.77% 25.00% -6.16% -489.52% -129.07% -30.65% 728.95% -88.85% 16.57% -16.29% -14.61% -156.67% -583.40% 176.18% -77.66% -33.65%  
  net income margin %-38.56% -178.51% -83.45% -84.01% -30.57% -22.65% -45.20% -100.76% -227.67%  -879.61% -986.93%                                                    
  loss per common share:                                                               
  basic and diluted-50 -160                                                              
  weighted-average common shares outstanding:                                                               
  basic and diluted386,895,095,000 383,149,511,000 351,315,476,000 382,086,768,000 340,662,826,000 290,602,725,000 209,956,392,000 221,718,367,000 165,015,228,000 85,200,032,000 108,839,269,000 104,119,328,000                                                    
  gain on fair value of digital currency 870,000 -620,000 -951,000 700,000 -1,329,000                                                          
  realized gain on sale of digital currency      -1,291,000 -697,000 -603,000  -127,000                                                     
  impairment of digital currency      812,000 922,000 627,000  119,000 558,000                                                    
  impairment of property, plant, and equipment  88,750 355,000                                                            
  other income  2,641,000 339,000 447,000 500,000 118,000 59,000      1,298.75 20 5,138 37 1,214,539 39 1,766 6,917 11,454 16,225                                         
  income from continuing operations  -29,196,000 -22,733,000 -10,876,000 -9,613,000 -10,502,000 -19,031,000 -26,222,000  -33,087,000 -13,039,000                                                    
  income from discontinued operations, net of tax      -23,000 -68,000 -35,000  -901,000 -630,000                                                    
  preferred stock dividends  -219,500 -300,000 -292,000 -286,000 -278,000 -272,000 -259,000  -247,000 -239,000                                                    
  net income attributable to common stockholders  -11,025,000 -23,033,000 -11,168,000 -9,899,000 -10,803,000 -19,371,000 -26,516,000  -34,235,000 -13,908,000                                                    
  loss per common share:                                                               
  continuing operations  -80 -60 -30 -30 -30 -90 -160  -310 -130                                                    
  discontinued operations          -10 -10                                                    
  basic and diluted  -80 -60 -30 -30 -30 -90 -160  -320 -140                                                    
  gross profit    21,656,000 28,025,000 14,353,000 10,687,000 6,531,000  -1,317,000 794,000  1,001,931.5 1,582,090 1,429,304 996,332 1,493,171 873,779 384,895 1,153,232 1,547,579 1,412,062 1,428,429 1,009,119 1,526,819 1,662,315 1,362,419 1,873,102 1,323,951 1,443,264 1,090,228 1,750,551 1,667,474 1,522,211 1,296,674  1,639,742 1,100,675 1,605,239 1,627,965 1,710,872 1,759,153 1,948,070 1,641,568 1,883,958 1,464,259 1,883,121 1,752,877 1,803,286 1,505,560 1,679,803 1,853,990 1,466,843 1,823,826 1,666,904 1,829,759 4,483,940 1,582,906 1,456,502 1,405,314   
  yoy    231.59%  -1189.83% 1245.97%   -183.24% -44.45%  -32.90% 81.06% 271.35% -13.61% -3.52% -38.12% -73.05% 14.28% 1.36% -15.05% 4.85% -46.13% 15.32% 15.18% 24.97% 7.00% -20.60% -5.19% -15.92%  1.69% 38.30% -19.22%  -4.16% -37.43% -17.60% -0.83% -9.19% 20.14% 3.45% -6.35% 4.47% -2.74% 12.10% -5.45% 22.94% -17.45% 0.77% 1.32% -67.29% 15.22% 14.45% 30.20%       
  qoq    -22.73% 95.26% 34.30% 63.63%   -265.87%   -36.67% 10.69% 43.46% -33.27% 70.89% 127.02% -66.62% -25.48% 9.60% -1.15% 41.55% -33.91% -8.15% 22.01% -27.26% 41.48% -8.27% 32.38% -37.72% 4.98% 9.54% 17.39%   48.98% -31.43% -1.40% -4.85% -2.74% -9.70% 18.67% -12.87% 28.66% -22.24% 7.43% -2.80% 19.78% -10.37% -9.40% 26.39% -19.57% 9.41% -8.90% -59.19% 183.27% 8.68% 3.64%    
  gross margin %0% 0% 0% 0% 60.88% 66.05% 61.64% 56.38% 56.63%  -34.08% 57.33%                                                    
  cost of operations:                                                               
  total cost of operations    28,421,000 30,341,000 19,019,000 20,376,000 15,752,000  12,057,000 8,610,000                                                    
  loss on nonmonetary miner exchange          804,000                                                     
  ​                                                               
  operating expenses - related party        597,000  603,000 147,000                                                    
  selling, general and administrative expenses - related party        2,898,000  2,948,000 2,423,000                                                    
  net sales             3,017,052 4,743,452 4,251,348 3,073,408 4,227,605 3,134,984 2,572,439 3,497,192 4,963,096 4,530,361 4,596,411 3,528,691 4,651,358 4,634,177 4,071,478 4,944,791 3,984,100 4,685,361 3,628,992 4,752,612 4,607,501 4,196,578 4,013,210  4,653,548 3,597,889 4,622,500 4,478,014 4,924,747 4,464,577 4,597,266 4,217,125 4,654,745 4,022,272 4,524,468 4,231,235 4,547,080 4,009,624 4,361,312 4,587,432 3,653,099 4,443,614 4,141,092 4,248,055 11,200,954 3,920,663 3,786,501 3,563,212 3,832,783 4,330,059 
  cost of goods sold             2,015,120.5 3,161,362 2,822,044 2,077,076 2,734,434 2,261,205 2,187,544 2,343,960 3,415,517 3,118,299 3,167,982 2,519,572 3,124,539 2,971,862 2,709,059 3,071,689 2,660,149 3,242,097 2,538,764 3,002,061 2,940,027 2,674,367 2,716,536  3,013,806 2,497,214 3,017,261 2,850,049 3,213,875 2,705,424 2,649,196 2,575,557 2,770,787 2,558,013 2,641,347 2,478,358 2,743,794 2,504,064 2,681,509 2,733,442 2,186,256 2,619,788 2,474,188 2,418,296 6,717,014 2,337,757 2,329,999 2,157,898 2,178,597 2,468,468 
  research and development expenses             99,606.25 134,608 128,895 134,922 150,159 136,520 201,234 183,580 202,505 218,467 270,465 178,842 179,915 156,472 154,076 169,528 168,686 184,704 165,770 171,900 150,176 147,125 177,864  192,539 155,844 175,045 169,145 177,479 143,330 173,534 149,864 153,412 172,515 159,611 141,186 153,265 175,714 129,541 137,488 99,911 166,971 163,420 204,498 489,081 164,666 155,993 167,283   
  income from operations             -448,211.5 -826,572 -644,093 -322,181 286,508 -242,514 -1,018,646 -811,368 -70,282 -153,809 -180,897 -551,688 -21,941 196,880 -140,640 406,813 -150,190 -135,076 -586,156 88,693 159,693 49,916 -320,306  194,682  128,654 176,659 292,980 315,173 530,937 161,505 401,490  426,177 338,405 364,650 -96,351 296,246 448,807 23,291 491,844 416,907 502,786 553,021 316,630 204,670 16,450 247,203 538,886 
  income before income taxes             -472,523.5 -826,655 -721,453 -341,986 1,485,185 -267,067 -1,041,503 -825,935 -81,297 -160,383 -186,109 -557,769 -31,479 184,878 -151,154 392,386 -164,713 -150,000 -601,820 71,675 142,491 36,965 -320,192  196,192  130,345 176,762 294,532 317,131 532,649 162,877 403,234  428,850 340,977 367,729 -92,625 300,274 453,588 27,853 497,853 423,174 506,672 587,891 -599,251 216,351 36,651 291,643 562,583 
  loss per common share                                                               
  basic             -0.24 -0.43 -0.37 -0.16 0.74 -0.14 -0.53 -0.3 -0.093 -0.08  -0.23 -0.01  -0.07    -0.19    -0.1           -0.04                 
  diluted             -0.24 -0.43 -0.37 -0.16 0.74 -0.14 -0.53 -0.3 -0.093 -0.08  -0.23 -0.01  -0.07    -0.19    -0.1           -0.04                 
  weighted-average common shares outstanding                                                               
  basic              1,981,138 1,977,959 1,976,771 1,976,354 1,976,354 1,976,354 1,976,354 1,980,253 1,978,926 1,982,275 1,983,553 1,983,553 1,983,553 1,983,553 2,007,613 2,005,096 2,018,466 2,018,753 2,018,649 2,018,753 2,018,753 2,018,335 2,018,253 2,018,253 2,018,253 2,017,144 2,018,412 2,016,885 2,012,765 2,006,843 2,008,836 2,007,623 2,000,555 1,988,066 1,989,307 1,986,364 1,984,695  1,982,869 1,976,523 1,971,717 1,974,162 1,972,447 1,973,739 1,967,057 1,971,938 1,989,222 2,070,705 2,076,828 
  diluted              1,981,138 1,977,959 1,976,771 1,976,354 1,976,354 1,976,354 1,976,354 1,980,253 1,978,926 1,982,275 1,983,553 1,983,553 1,983,553 1,983,553 2,007,613 2,005,096 2,018,466 2,018,753 2,018,649 2,018,842 2,018,833 2,018,335 2,018,591 2,018,792 2,018,253 2,018,334 2,019,806 2,019,721 2,015,992 2,010,659 2,015,125 2,012,552 2,000,555 1,990,847 1,993,429 1,991,311 1,984,695  1,987,662 1,981,114 1,973,447 1,975,882 1,974,158 1,973,739 1,967,057 1,973,514 1,989,866 2,073,925 2,080,617 
  other                       17,303 16,194 13,760 11,805 9,421 6,178 6,309 5,902 5,153 4,484 4,519 2,048 114  1,510 1,696 1,691 103                       
  income tax (benefit) expense                       -70,398                                        
  income per common share                                                               
  basic                       -0.06   0.07  -0.075 -0.06 -0.05  0.01 0.04 0.02    -0.11    0.1                     
  diluted                       -0.06   0.07  -0.075 -0.06 -0.05  0.01 0.04 0.02    -0.11    0.1                     
  loss per common share:                                                               
  basic             -0.24 -0.43 -0.37 -0.16 0.74 -0.14 -0.53 -0.3 -0.093 -0.08  -0.23 -0.01  -0.07    -0.19    -0.1           -0.04                 
  diluted             -0.24 -0.43 -0.37 -0.16 0.74 -0.14 -0.53 -0.3 -0.093 -0.08  -0.23 -0.01  -0.07    -0.19    -0.1           -0.04                 
  income per common share:                                                               
  basic                       -0.06   0.07  -0.075 -0.06 -0.05  0.01 0.04 0.02    -0.11    0.1                     
  diluted                       -0.06   0.07  -0.075 -0.06 -0.05  0.01 0.04 0.02    -0.11    0.1                     
  earnings per common share:                                                               
  basic                                     0.01  0.05 0.07 0.1  0.18 0.06 0.15  0.14 0.11 0.12 -0.03 0.11 0.16 0.02 0.16 0.15 0.17 0.2 -0.36 0.07 0.03 0.11 0.17 
  diluted                                     0.01  0.05 0.07 0.1  0.18 0.06 0.15  0.14 0.11 0.12 -0.03 0.11 0.16 0.02 0.17 0.15 0.17 0.2 -0.36 0.07 0.03 0.11 0.17 
  weighted-average common shares outstanding:                                                               
  basic              1,981,138 1,977,959 1,976,771 1,976,354 1,976,354 1,976,354 1,976,354 1,980,253 1,978,926 1,982,275 1,983,553 1,983,553 1,983,553 1,983,553 2,007,613 2,005,096 2,018,466 2,018,753 2,018,649 2,018,753 2,018,753 2,018,335 2,018,253 2,018,253 2,018,253 2,017,144 2,018,412 2,016,885 2,012,765 2,006,843 2,008,836 2,007,623 2,000,555 1,988,066 1,989,307 1,986,364 1,984,695  1,982,869 1,976,523 1,971,717 1,974,162 1,972,447 1,973,739 1,967,057 1,971,938 1,989,222 2,070,705 2,076,828 
  diluted              1,981,138 1,977,959 1,976,771 1,976,354 1,976,354 1,976,354 1,976,354 1,980,253 1,978,926 1,982,275 1,983,553 1,983,553 1,983,553 1,983,553 2,007,613 2,005,096 2,018,466 2,018,753 2,018,649 2,018,842 2,018,833 2,018,335 2,018,591 2,018,792 2,018,253 2,018,334 2,019,806 2,019,721 2,015,992 2,010,659 2,015,125 2,012,552 2,000,555 1,990,847 1,993,429 1,991,311 1,984,695  1,987,662 1,981,114 1,973,447 1,975,882 1,974,158 1,973,739 1,967,057 1,973,514 1,989,866 2,073,925 2,080,617 
  income tax expense                                       61,526.75 37,791 96,100  18,250 46,715 110,122  51,823 112,865 124,646  85,597 144,042  69,277.75 135,831 163,400 27,533.5 110,134 69,603  53,810 204,146 
  weighted-average common shares outstanding :                                                               
  basic              1,981,138 1,977,959 1,976,771 1,976,354 1,976,354 1,976,354 1,976,354 1,980,253 1,978,926 1,982,275 1,983,553 1,983,553 1,983,553 1,983,553 2,007,613 2,005,096 2,018,466 2,018,753 2,018,649 2,018,753 2,018,753 2,018,335 2,018,253 2,018,253 2,018,253 2,017,144 2,018,412 2,016,885 2,012,765 2,006,843 2,008,836 2,007,623 2,000,555 1,988,066 1,989,307 1,986,364 1,984,695  1,982,869 1,976,523 1,971,717 1,974,162 1,972,447 1,973,739 1,967,057 1,971,938 1,989,222 2,070,705 2,076,828 
  diluted              1,981,138 1,977,959 1,976,771 1,976,354 1,976,354 1,976,354 1,976,354 1,980,253 1,978,926 1,982,275 1,983,553 1,983,553 1,983,553 1,983,553 2,007,613 2,005,096 2,018,466 2,018,753 2,018,649 2,018,842 2,018,833 2,018,335 2,018,591 2,018,792 2,018,253 2,018,334 2,019,806 2,019,721 2,015,992 2,010,659 2,015,125 2,012,552 2,000,555 1,990,847 1,993,429 1,991,311 1,984,695  1,987,662 1,981,114 1,973,447 1,975,882 1,974,158 1,973,739 1,967,057 1,973,514 1,989,866 2,073,925 2,080,617 
  weighted-average common shares                                                               
  outstanding :                                                               
  basic                                                   1,983,613            
  diluted                                                   1,987,945            
  gain on sale of non-marketable equity securities                                                           9,631 20,131 24,550  
  loss on investment in non- marketable equity securities                                                         -229,737.75 -918,951     
  selling, general, and administrative                                                             1,187,912 1,154,850 
  research and development                                                             219,071 167,855 

We provide you with 20 years income statements for Terawulf stock, allowing you to gain comprehensive visibility into the fundamentals of the company. Our detailed breakdowns include key financial metrics such as earnings, sales and marketing expenses, research and development costs, profits, and profit margins. This in-depth information is essential for making informed investment decisions and understanding the financial health and performance of Terawulf stock. Explore the full financial landscape of Terawulf stock with our expertly curated income statements.

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