TeraWulf Inc. (WULF)WULFTeraWulf Inc.

Balance Sheet

Assets, liabilities, and equity analysis

Quarterly Balance Sheet (USD)

Quarterly Report	TTM	03/31/2026	12/31/2025	09/30/2025	06/30/2025	03/31/2025	12/31/2024	09/30/2024	06/30/2024
Total Current Assets	2.867B	2.867B	3.478B	729.104M	99.115M	230.047M	281.431M	32.415M	110.964M
Cash & Cash Equivalents	2.826B	2.826B	3.266B	711.315M	89.993M	218.162M	274.065M	23.938M	104.109M
Short-Term Investments	0.00	0.00	270K	492K	0.00	0.00	0.00	0.00	0.00
Cash & Short-Term Investments	2.826B	2.826B	3.266B	711.807M	89.993M	218.162M	274.065M	23.938M	104.109M
Accounts Receivable	5.604M	5.604M	4.607M	11.915M	5.696M	5.101M	3.799M	4.383M	2.554M
Inventory	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Assets	7.009B	7.009B	6.558B	2.454B	869.408M	841.162M	787.511M	405.905M	479.568M
Property, Plant & Equipment	2.804B	2.804B	1.731B	1.087B	704.609M	602.387M	505.052M	293.286M	282.489M
Goodwill	55.457M	55.457M	55.457M	55.457M	55.457M	0.00	0.00	0.00	0.00
Intangible Assets	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Investments	701.259M	701.259M	712.461M	1.439M	0.00	0.00	0.00	79.494M	85.568M
Total Current Liabilities	2.385B	2.385B	1.736B	705.851M	151.304M	120.927M	51.845M	32.415M	92.416M
Accounts Payable	227.598M	227.598M	65.139M	62.281M	38.834M	54.901M	24.382M	19.770M	8.398M
Short-Term Debt	634.558M	634.558M	538.100M	1.995M	0.00	0.00	27K	53K	72.353M
Total Liabilities	7.086B	7.086B	6.418B	2.207B	695.076M	670.787M	543.066M	33.274M	93.327M
Long-Term Debt	4.657B	4.657B	4.658B	1.060B	488.716M	488.109M	487.502M	0.00	38K
Total Debt	5.314B	5.314B	5.196B	1.085B	500.879M	491.848M	491.248M	912K	73.264M
Net Debt (Cash)	2.488B	2.488B	1.929B	373.950M	410.886M	273.686M	217.183M	-23.026M	-30.845M
Total Shareholders' Equity	-78.774M	-78.774M	140.445M	247.341M	174.332M	170.375M	244.445M	372.631M	386.241M
Common Stock	450K	450K	444K	439K	415K	408K	404K	383K	374K
Retained Earnings	-1.421B	-1.421B	-993.692M	-867.114M	-412.064M	-393.694M	-332.276M	-303.080M	-280.347M
Current Ratio	1.20	1.20	2.00	1.03	0.66	1.90	5.43	1.00	1.20
Debt to Equity Ratio	-67.46	-67.46	36.99	4.39	2.87	2.89	2.01	0.00	0.19

Annual Balance Sheet (USD)

Annual Report	12/31/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018
Total Current Assets	3.478B	281.431M	62.587M	14.144M	68.052M	6.305M	8.692M	8.958M
Cash & Cash Equivalents	3.266B	274.065M	54.439M	1.279M	46.455M	6.300M	964K	1.623M
Short-Term Investments	0.00	0.00	0.00	0.00	0.00	0.00	2.205M	2.695M
Cash & Short-Term Investments	3.266B	274.065M	54.439M	1.279M	46.455M	6.300M	3.169M	4.318M
Accounts Receivable	4.607M	3.799M	1.001M	0.00	0.00	0.00	2.436M	2.218M
Inventory	0.00	0.00	0.00	0.00	0.00	0.00	2.181M	2.047M
Total Assets	6.558B	787.511M	378.106M	317.687M	264.911M	30.005M	16.880M	17.419M
Property, Plant & Equipment	1.731B	505.052M	216.227M	203.465M	92.470M	21.910M	7.916M	8.085M
Goodwill	55.457M	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Intangible Assets	0.00	0.00	0.00	0.00	0.00	0.00	271K	376K
Long-Term Investments	712.461M	0.00	98.613M	98.741M	104.280M	104.280M	0.00	0.00
Total Current Liabilities	1.736B	51.845M	154.662M	126.019M	45.857M	1.739M	1.934M	1.304M
Accounts Payable	65.139M	24.382M	15.169M	21.862M	11.791M	38K	762K	648K
Short-Term Debt	536.083M	27K	123.465M	55.354M	88K	0.00	133K	129K
Total Liabilities	6.418B	543.066M	155.617M	199.933M	141.732M	1.739M	4.623M	4.308M
Long-Term Debt	4.635B	487.502M	56K	72.967M	94.627M	94.627M	2.688M	2.822M
Total Debt	5.196B	491.248M	124.468M	129.310M	95.707M	95.707M	2.822M	2.951M
Net Debt (Cash)	1.929B	217.183M	70.029M	128.031M	49.252M	89.407M	1.858M	1.328M
Total Shareholders' Equity	140.445M	244.445M	222.489M	117.754M	123.179M	28.266M	12.257M	13.111M
Common Stock	444K	404K	277K	145K	100K	50K	198K	198K
Retained Earnings	-993.692M	-332.276M	-259.895M	-186.474M	-95.683M	-1.676M	9.337M	10.190M
Current Ratio	2.00	5.43	0.40	0.11	1.48	3.63	4.49	6.87
Debt to Equity Ratio	36.99	2.01	0.56	1.10	0.78	3.39	0.23	0.23

Values are displayed in USD. Negative numbers shown in red.

Values are displayed in USD. Negative numbers are shown in red.

About TeraWulf Inc.

TeraWulf Inc., together with its subsidiaries, owns, develops, operates digital infrastructure in the United States. It also develops and operates bitcoin mining facilities for bitcoin mining and high-performance computing workloads, leveraging clean, cost-effective, and reliable energy. The company was founded in 2021 and is headquartered in Easton, Maryland.

Easton, MD

141 employees

www.terawulf.com

Technology / Software - Application

Sector: Technology
Industry: Software - Application
CEO: Paul Prager

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