← TERAWULF INC.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $17.6m |
$17.2m
-1.86%
|
$18.2m
+5.63%
|
$17.6m
-3.27%
|
$13.4m
-23.76%
|
$0
-100.00%
|
$15.0m |
$69.2m
+360.51%
|
$140.1m
+102.30%
|
$168.5m
+20.28%
|
$165.2m
-1.94%
|
|
| HPC lease revenue | — | — | — | — | — | — | — | $0 | $0 | $16.9m | — | |
| Cost of Revenue | $11.3m |
$11.5m
+1.59%
|
$12.0m
+3.88%
|
$12.2m
+2.19%
|
$9.5m
-22.05%
|
$19.6m
+106.15%
|
$11.1m
-43.57%
|
$27.3m
+146.46%
|
$62.6m
+129.21%
|
$82.7m
+32.03%
|
$50.8m
-38.57%
|
|
| Gross Profit (derived) | $6.2m |
$5.7m
-8.12%
|
$6.3m
+9.13%
|
$5.4m
-13.70%
|
$3.9m
-27.65%
|
($19.6m)
-602.94%
|
$4.0m
+120.11%
|
$41.9m
+961.11%
|
$77.4m
+84.77%
|
$66.0m
-14.72%
|
$114.4m
+73.24%
|
|
| Research and Development Expense | $647k | $689k | $677k | $870k | $671k | — | — | — | — | — | — | |
| Selling, General and Administrative Expense | $5.6m | $5.5m | $5.4m | $5.5m | $5.0m | $23.8m | $22.8m | $37.0m | $70.6m | $147.8m | $338.0m | |
| Amortization of Intangible Assets | $25k | $26k | $25k | $32k | $26k | — | — | — | — | — | — | |
| Operating Lease, Expense | — | — | — | — | — | $107k | — | — | — | — | — | |
| Operating Lease, Lease Income | — | — | — | — | — | — | — | — | — | $16.9m | — | |
| Operating Costs and Expenses | — | — | — | — | — | $104k | $2.0m | — | — | — | — | |
| Operating Expenses | — | — | — | — | — | $43.4m | $47.7m | $71.3m | $7.6m | $19.7m | $491.4m | |
| Operating Income (Loss) | ($22k) |
($465k)
-2011.48%
|
$226k
+148.60%
|
($957k)
-523.65%
|
($1.8m)
-86.69%
|
($43.4m)
-2329.93%
|
($43.7m)
-0.80%
|
($29.4m)
+32.74%
|
($76.2m)
-159.05%
|
($186.2m)
-144.32%
|
($377.0m)
-102.47%
|
|
| Investment Income, Interest | $11k | $24k | $50k | $61k | $1.2m | — | $0 | $39k | $3.9m | $39.0m | — | |
| Foreign Currency Transaction Gain (Loss), before Tax | — | — | — | — | — | — | ($804k) | — | — | — | — | |
| Realized gain on sale of digital assets | — | — | — | — | — | — | ($569k) | ($3.2m) | $0 | $0 | — | |
| Gain on sale of equity interest in investee | — | — | — | — | — | — | $0 | $0 | $22.6m | $0 | — | |
| Income (Loss) from Equity Method Investments | — | — | — | — | — | ($1.5m) | ($15.7m) | ($9.3m) | $3.4m | ($4.1m) | — | |
| Other Income | $11k | $24k | $50k | $61k | $1.2m | — | $0 | $39k | $3.9m | $39.0m | — | |
| Interest Expense (non-operating) | $58k | $83k | $91k | $90k | $87k | $2.3m | $24.7m | $34.8m | $19.8m | $80.2m | $195.6m | |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest | ($69k) | ($524k) | $185k | ($986k) | ($649k) | ($47.2m) | ($86.2m) | ($73.4m) | ($72.4m) | ($661.3m) | ($1.9b) | |
| Loss before income tax and equity in net (loss) income of investee | — | — | — | — | — | ($45.7m) | ($70.5m) | ($64.0m) | ($98.4m) | ($657.2m) | — | |
| Income tax provision | ($4k) | ($298k) | $46k | ($172k) | ($210k) | $615k | $256k | $0 | $0 | ($76k) | — | |
| Current Income Tax Expense (Benefit) | ($65k) | $4k | $7k | $11k | ($210k) | ($0.58) | ($0.04) | $0 | $0 | $0 | $132k | |
| Net loss | ($65k) | ($226k) | $139k | ($814k) | ($439k) | ($95.7m) | ($90.8m) | ($73.4m) | ($72.4m) | ($661.4m) | — | |
| Net Income (Loss) Attributable to Parent | ($65k) |
($226k)
-247.59%
|
$139k
+161.67%
|
($814k)
-683.34%
|
($439k)
+46.00%
|
($95.7m)
-21679.80%
|
($90.8m)
+5.11%
|
($73.4m)
+19.13%
|
($72.4m)
+1.37%
|
($661.4m)
-813.33%
|
($1.9b)
-194.70%
|
|
| Net Income (Loss) Available to Common Stockholders, Basic | ($65k) | — | — | — | — | ($95.7m) |
($91.6m)
+4.29%
|
($74.5m)
+18.65%
|
— | — | ($1.9b) | |
| Preferred Stock Dividends, Income Statement Impact | — | — | — | — | — | — | $1 | $1 | — | — | $1.2m | |
| Income (Loss) from Continuing Operations, Per Basic Share | — | — | — | — | — | ($1) | ($1) | ($0) | ($0) | ($2) | — | |
| Income (Loss) from Continuing Operations, Per Diluted Share | — | — | — | — | — | ($1) | ($1) | ($0) | ($0) | ($2) | — | |
| Earnings Per Share, Basic | ($0.03) | ($0.11) | $0.07 | ($0.41) | ($0.22) | ($1.13) | ($0.82) | ($0.35) | ($0.21) | ($1.66) | ($4.46) | |
| Earnings Per Share, Diluted | ($0.03) | ($0.11) | $0.07 | ($0.41) | ($0.22) | ($1.13) | ($0.82) | ($0.35) | ($0.21) | ($1.66) | ($4.46) | |
| Continuing operations, basic (in dollars per share) | — | — | — | — | — | ($0.55) | ($0.78) | ($0.35) | ($0.21) | ($1.66) | — | |
| Continuing operations, diluted (in dollars per share) | — | — | — | — | — | ($0.55) | ($0.78) | ($0.35) | ($0.21) | ($1.66) | — | |
| Discontinued operations, basic (in dollars per share) | ($65k) | $4k | $7k | $11k | ($210k) | ($0.58) | ($0.04) | $0.00 | $0.00 | $0.00 | — | |
| Discontinued operations, diluted (in dollars per share) | ($65k) | $4k | $7k | $11k | ($210k) | ($0.58) | ($0.04) | $0.00 | $0.00 | $0.00 | — | |
| Common Stock, Dividends, Per Share, Declared | $0.03 | $0.11 | $0.07 | $0.41 | $0.22 | $1.13 | $0.00 | $0.00 | $0.00 | $0.00 | — | |
| Preferred Stock, Dividends Per Share, Declared | ($0.03) | ($0.11) | $0.07 | ($0.41) | ($0.22) | ($1.13) | $0.00 | $0.00 | $0.00 | $0.00 | $1,156,000.00 | |
| Basic (in shares) | $2.0m | $2.0m | $2.0m | $2.0m | $2.0m | $85.2m | $110.6m | $210.0m | $351.3m | $397.6m | $432.4m | |
| Diluted (in shares) | $2.0m | $2.0m | $2.0m | $2.0m | $2.0m | $85.2m | $110.6m | $210.0m | $351.3m | $397.6m | $432.4m | |
| Weighted Average Number of Shares Outstanding, Basic | 2.0m | 2.0m | 2.0m | 2.0m | 2.0m | 85.2m | 110.6m | 210.0m | 351.3m | 397.6m | 432.4m | |
| Weighted Average Number of Shares Outstanding, Diluted | 2.0m | 2.0m | 2.0m | 2.0m | 2.0m | 85.2m | 110.6m | 210.0m | 351.3m | 397.6m | 432.4m | |
| Additional Financial Items | ||||||||||||
| Costs and Expenses | — | — | — | — | — | — | $58.8m | $98.7m | $216.3m | $354.7m | — | |
| Goodwill, Impairment Loss | — | — | — | — | — | $48.5m | — | — | — | $0 | $25.7m | |
| Depreciation | — | — | — | — | — | — | $6.7m | $28.4m | $59.8m | $88.6m | $104.0m | |
| Loss (gain) on fair value of digital assets, net | — | — | — | — | — | — | $0 | $0 | ($2.2m) | $612k | — | |
| Impairment of digital assets | — | — | — | — | — | — | $1.5m | $3.0m | $0 | $0 | — | |
| Change in fair value of contingent consideration | — | — | — | — | — | — | — | $0 | $0 | $10.4m | — | |
| Loss on disposals of property, plant, and equipment, net | — | — | — | — | — | — | $0 | $1.2m | $17.8m | $4.9m | — | |
| Change in fair value of warrants and derivatives | — | — | — | — | — | — | — | $0 | $0 | ($429.8m) | — | |
| Loss on extinguishment of debt | — | — | — | — | — | — | ($2.1m) | $0 | ($6.3m) | $0 | — | |
| Equity in net (loss) income of investee, net of tax | — | — | — | — | — | ($1.5m) | ($15.7m) | ($9.3m) | $3.4m | ($4.1m) | — | |
| Loss from continuing operations | — | — | — | — | — | ($46.6m) | ($85.9m) | ($73.3m) | ($72.4m) | ($661.4m) | — | |
| Loss from discontinued operations, net of tax | — | — | — | — | — | ($49.1m) | ($4.9m) | ($129k) | $0 | $0 | — | |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | — | — | — | — | — | ($46.6m) | ($85.9m) | ($73.3m) | ($72.4m) | ($661.4m) | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | — | — | — | — | — | ($49.1m) | ($4.9m) | ($129k) | $0 | $0 | — |