WULF Financial Statements

Balance sheet, income statement, cash flow, and dividends for Terawulf Inc (WULF).


$2.18B Market Cap.

As of 03/04/2025 5:00 PM ET (MRY) • Disclaimer

WULF Market Cap. (MRY)


WULF Shares Outstanding (MRY)


WULF Assets (MRY)


Total Assets

$787.51M

Total Liabilities

$543.07M

Total Investments

$476.00K

WULF Income (MRY)


Revenue

$140.05M

Net Income

-$72.42M

Operating Expense

$153.66M

WULF Cash Flow (MRY)


CF Operations

-$24.42M

CF Investing

-$91.16M

CF Financing

$335.21M

WULF Dividends (MRY)


Period

Dividends

Yield %

Growth %

Payout Ratio

Coverage Ratio

2024

$0

0%

0%

0%

-

2023

$0

0%

0%

0%

-

2022

$0

0%

0%

0%

-

2021

$5.00

33.20%

0%

-442.48%

-0.23

2020

$0

0%

-

0%

-

WULF Balance Sheet (MRY)


Metric

2024

2023

2022

2021

Total Assets

$787,511,000 (108.28%)

$378,106,000 (19.02%)

$317,687,000 (19.92%)

$264,911,000 (1616.26%)

Assets Current

$281,431,000 (349.66%)

$62,587,000 (342.50%)

$14,144,000 (-79.22%)

$68,052,000 (772.08%)

Assets Non-Current

$506,080,000 (60.40%)

$315,519,000 (3.95%)

$303,543,000 (54.19%)

$196,859,000 (2479.41%)

Goodwill & Intangible Assets

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Shareholders Equity

$244,445,000 (9.87%)

$222,489,000 (88.94%)

$117,754,000 (-4.40%)

$123,179,000 (940.42%)

Property Plant & Equipment Net

$505,052,000 (133.57%)

$216,227,000 (6.27%)

$203,465,000 (120.03%)

$92,470,000 (1151.56%)

Cash & Equivalents

$274,065,000 (403.44%)

$54,439,000 (554.08%)

$8,323,000 (-82.08%)

$46,455,000 (1157.63%)

Accumulated Other Comprehensive Income

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Deferred Revenue

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Total Investments

$476,000 (-99.53%)

$100,414,000 (1.51%)

$98,924,000 (-5.14%)

$104,280,000 (0%)

Investments Current

$476,000 (-73.57%)

$1,801,000 (884.15%)

$183,000 (0%)

$0 (0%)

Investments Non-Current

$0 (0%)

$98,613,000 (-0.13%)

$98,741,000 (-5.31%)

$104,280,000 (0%)

Inventory

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Trade & Non-Trade Receivables

$3,799,000 (279.52%)

$1,001,000 (0%)

$0 (0%)

$647,000 (-69.47%)

Trade & Non-Trade Payables

$25,773,000 (59.67%)

$16,141,000 (-35.84%)

$25,157,000 (112.28%)

$11,851,000 (2477.22%)

Accumulated Retained Earnings (Deficit)

-$332,276,000 (-27.85%)

-$259,895,000 (-39.37%)

-$186,474,000 (-94.89%)

-$95,683,000 (-1175.36%)

Tax Assets

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Tax Liabilities

$0 (0%)

$0 (0%)

$0 (0%)

$256,000 (0%)

Total Debt

$491,248,000 (289.04%)

$126,271,000 (-3.92%)

$131,427,000 (37.32%)

$95,707,000 (3460.00%)

Debt Current

$27,000 (-99.98%)

$125,316,000 (117.89%)

$57,513,000 (65255.68%)

$88,000 (-96.73%)

Debt Non-Current

$491,221,000 (51336.75%)

$955,000 (-98.71%)

$73,914,000 (-22.70%)

$95,619,000 (0%)

Total Liabilities

$543,066,000 (248.98%)

$155,617,000 (-22.17%)

$199,933,000 (41.06%)

$141,732,000 (3841.32%)

Liabilities Current

$51,845,000 (-66.48%)

$154,662,000 (22.73%)

$126,019,000 (174.81%)

$45,857,000 (1175.20%)

Liabilities Non-Current

$491,221,000 (51336.75%)

$955,000 (-98.71%)

$73,914,000 (-22.91%)

$95,875,000 (0%)

WULF Income Statement (MRY)


Metric

2024

2023

2022

2021

Revenues

$140,051,000 (102.30%)

$69,229,000 (360.51%)

$15,033,000 (0%)

$0 (0%)

Cost of Revenue

$62,608,000 (129.21%)

$27,315,000 (146.46%)

$11,083,000 (0%)

$0 (0%)

Selling General & Administrative Expense

$70,578,000 (90.66%)

$37,018,000 (2.69%)

$36,050,000 (-14.85%)

$42,335,000 (743.39%)

Research & Development Expense

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Operating Expenses

$153,659,000 (115.40%)

$71,335,000 (49.56%)

$47,695,000 (9.90%)

$43,399,000 (662.58%)

Interest Expense

$19,794,000 (-43.14%)

$34,812,000 (41.06%)

$24,679,000 (994.41%)

$2,255,000 (2505.10%)

Income Tax Expense

$0 (0%)

$0 (0%)

-$256,000 (58.37%)

-$615,000 (-192.86%)

Net Loss Income from Discontinued Operations

$0 (0%)

$129,000 (-97.34%)

$4,857,000 (-90.11%)

$49,106,000 (0%)

Consolidated Income

-$72,418,000 (1.37%)

-$73,421,000 (19.13%)

-$90,791,000 (5.11%)

-$95,683,000 (-21679.80%)

Net Income to Non-Controlling Interests

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Net Income

-$72,418,000 (1.37%)

-$73,421,000 (19.13%)

-$90,791,000 (5.11%)

-$95,683,000 (-21679.80%)

Preferred Dividends Income Statement Impact

$0 (0%)

$1,074,000 (37.16%)

$783,000 (0%)

$0 (0%)

Net Income Common Stock

-$72,418,000 (2.79%)

-$74,495,000 (18.65%)

-$91,574,000 (4.29%)

-$95,683,000 (-21679.80%)

Weighted Average Shares

$351,315,476 (67.33%)

$209,956,392 (89.77%)

$110,638,792 (29.86%)

$85,200,032 (4210.97%)

Weighted Average Shares Diluted

$351,315,476 (67.33%)

$209,956,392 (89.77%)

$110,638,792 (29.86%)

$85,200,032 (4210.97%)

Earning Before Interest & Taxes (EBIT)

-$52,624,000 (-36.30%)

-$38,609,000 (41.83%)

-$66,368,000 (29.43%)

-$94,043,000 (-16611.06%)

Gross Profit

$77,443,000 (84.77%)

$41,914,000 (961.11%)

$3,950,000 (0%)

$0 (0%)

Operating Income

-$76,216,000 (-159.05%)

-$29,421,000 (32.74%)

-$43,745,000 (-0.80%)

-$43,399,000 (-2329.93%)

WULF Cash Flow Statement (MRY)


Metric

2024

2023

2022

2021

Net Cash Flow from Investing

-$91,159,000 (-16.85%)

-$78,013,000 (17.05%)

-$94,047,000 (53.31%)

-$201,413,000 (-9884.59%)

Net Cash Flow from Financing

$335,207,000 (179.65%)

$119,866,000 (33.21%)

$89,981,000 (-66.91%)

$271,967,000 (25304.35%)

Net Cash Flow from Operations

-$24,422,000 (-672.88%)

$4,263,000 (112.51%)

-$34,066,000 (-41.36%)

-$24,099,000 (-5942.45%)

Net Cash Flow / Change in Cash & Cash Equivalents

$219,626,000 (376.25%)

$46,116,000 (220.94%)

-$38,132,000 (-182.08%)

$46,455,000 (1601.53%)

Net Cash Flow - Business Acquisitions and Disposals

$0 (0%)

-$2,845,000 (91.35%)

-$32,906,000 (64.36%)

-$92,341,000 (0%)

Net Cash Flow - Investment Acquisitions and Disposals

$153,457,000 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Capital Expenditure

-$244,616,000 (-225.43%)

-$75,168,000 (-22.94%)

-$61,141,000 (43.94%)

-$109,072,000 (-82769.49%)

Issuance (Repayment) of Debt Securities

$343,555,000 (6263.53%)

-$5,574,000 (-120.35%)

$27,389,000 (-76.84%)

$118,276,000 (10948.12%)

Issuance (Purchase) of Equity Shares

$75,306,000 (-45.59%)

$138,417,000 (161.04%)

$53,026,000 (-49.20%)

$104,376,000 (0%)

Payment of Dividends & Other Cash Distributions

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Effect of Exchange Rate Changes on Cash

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Share Based Compensation

$30,927,000 (427.85%)

$5,859,000 (273.66%)

$1,568,000 (0%)

$0 (0%)

Depreciation Amortization & Accretion

$61,181,000 (108.45%)

$29,351,000 (321.10%)

$6,970,000 (13303.85%)

$52,000 (-92.55%)

WULF Financial Metrics (MRY)


Metric

2024

2023

2022

2021

Gross Margin

55.30% (-8.60%)

60.50% (130.04%)

26.30%

-

Profit Margin

-51.70% (51.95%)

-107.60% (82.34%)

-609.20%

-

EBITDA Margin

6.10% (145.52%)

-13.40% (96.61%)

-395.10%

-

Return on Average Equity (ROAE)

-22.70% (49.89%)

-45.30% (38.70%)

-73.90% (66.68%)

-221.80% (-5587.18%)

Return on Average Assets (ROAA)

-14.00% (38.60%)

-22.80% (24.00%)

-30.00% (74.90%)

-119.50% (-4167.86%)

Return on Sales (ROS)

-37.60% (32.62%)

-55.80% (87.36%)

-441.50%

-

Return on Invested Capital (ROIC)

-10.60% (10.17%)

-11.80% (42.44%)

-20.50% (84.55%)

-132.70% (-2784.78%)

Dividend Yield

0% (0%)

0% (0%)

0% (0%)

33.20% (0%)

Price to Earnings Ratio (P/E)

-26.95 (-293.06%)

-6.86 (-744.46%)

-0.81 (93.90%)

-13.32 (70.61%)

Price to Sales Ratio (P/S)

14.2 (95.05%)

7.28 (48.58%)

4.9

-

Price to Book Ratio (P/B)

8.94 (247.67%)

2.57 (253.99%)

0.73 (200.00%)

0.24 (-85.46%)

Debt to Equity Ratio (D/E)

2.22 (217.88%)

0.7 (-58.83%)

1.7 (47.52%)

1.15 (278.62%)

Earnings Per Share (EPS)

-0.21 (40.00%)

-0.35 (57.32%)

-0.82 (27.43%)

-1.13 (-413.64%)

Sales Per Share (SPS)

0.4 (20.91%)

0.33 (142.65%)

0.14 (0%)

0 (0%)

Free Cash Flow Per Share (FCFPS)

-0.77 (-126.63%)

-0.34 (60.74%)

-0.86 (44.91%)

-1.56 (-483.21%)

Book Value Per Share (BVPS)

0.7 (-34.34%)

1.06 (-0.38%)

1.06 (-26.42%)

1.45 (-75.86%)

Tangible Assets Book Value Per Share (TABVPS)

2.24 (24.49%)

1.8 (-37.27%)

2.87 (-7.66%)

3.11 (-59.56%)

Enterprise Value Over EBIT (EV/EBIT)

-41 (-127.78%)

-18 (-500.00%)

-3 (0%)

0 (0%)

Enterprise Value Over EBITDA (EV/EBITDA)

252.57 (438.30%)

-74.66 (-2085.51%)

-3.42 (-1034.88%)

-0.3 (-100.20%)

Asset Turnover

0.27 (27.83%)

0.21 (332.65%)

0.05 (0%)

0 (0%)

Current Ratio

5.43 (1240.25%)

0.41 (261.61%)

0.11 (-92.45%)

1.48 (-31.61%)

Dividends

$0 (0%)

$0 (0%)

$0 (0%)

$5 (0%)

Free Cash Flow (FCF)

-$269,038,000 (-279.43%)

-$70,905,000 (25.53%)

-$95,207,000 (28.51%)

-$133,171,000 (-25005.43%)

Enterprise Value (EV)

$2,161,211,474 (212.68%)

$691,178,939 (240.65%)

$202,897,479 (616.42%)

$28,321,134 (40.63%)

Earnings Before Tax (EBT)

-$72,418,000 (1.37%)

-$73,421,000 (19.36%)

-$91,047,000 (5.45%)

-$96,298,000 (-14730.59%)

Earnings Before Interest Taxes & Depreciation Amortization (EBITDA)

$8,557,000 (192.43%)

-$9,258,000 (84.41%)

-$59,398,000 (36.80%)

-$93,991,000 (-69571.16%)

Invested Capital

$952,849,000 (222.70%)

$295,276,000 (-6.19%)

$314,772,000 (17.32%)

$268,306,000 (2433.50%)

Working Capital

$229,586,000 (349.35%)

-$92,075,000 (17.70%)

-$111,875,000 (-604.05%)

$22,195,000 (427.52%)

Tangible Asset Value

$787,511,000 (108.28%)

$378,106,000 (19.02%)

$317,687,000 (19.92%)

$264,911,000 (1643.77%)

Market Capitalization

$2,184,237,474 (282.07%)

$571,687,939 (569.09%)

$85,442,479 (186.51%)

$29,821,981 (51.36%)

Average Equity

$318,915,000 (94.00%)

$164,388,500 (32.67%)

$123,905,500 (187.18%)

$43,145,407 (287.71%)

Average Assets

$517,093,000 (58.31%)

$326,625,500 (7.13%)

$304,881,750 (280.70%)

$80,084,747 (418.33%)

Invested Capital Average

$497,161,500 (52.12%)

$326,813,000 (1.06%)

$323,385,500 (356.33%)

$70,867,104 (479.48%)

Shares

385,907,681 (62.01%)

238,203,308 (85.56%)

128,369,109 (6378.29%)

1,981,527 (0.26%)