TERAWULF INC.
Income Statement
| Line Item | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $44.8M | $34.0M | $35.8M | $50.6M | $47.6M | $34.4M | $35.0M | $27.1M |
| Cost of Revenue | $12.4M | $2.4M | $18.9M | $17.1M | $22.1M | $24.6M | $19.6M | $14.7M |
| Gross Profit | $8.9M | $20.4M | $8.1M | $29.0M | $22.0M | $7.0M | $9.3M | $10.8M |
| Gross Margin | 19.9% | 60.1% | 22.6% | 57.2% | 46.2% | 20.2% | 26.6% | 40.0% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | — | — | — | — | — | — | — | — |
| Operating Income | $-140.5M | $-162.1M | $-86.3M | $-24.7M | $-15.6M | $-59.6M | $-51.4M | $-15.7M |
| Operating Margin | -313.7% | -476.7% | -240.9% | -48.8% | -32.7% | -173.3% | -147.0% | -58.1% |
| Interest Expense | — | — | — | — | — | — | — | — |
| Pretax Income | $-929.7M | $-416.1M | $-126.5M | $-455.1M | $-18.4M | $-61.4M | $-25.8M | $-20.1M |
| Income Tax Expense | $28.0K | $28.0K | $76.0K | $0 | $0 | $0 | $0 | $0 |
| Net Income | $-939.9M | $-427.6M | $-126.6M | $-455.1M | $-18.4M | $-61.4M | $-29.2M | $-22.7M |
| Net Margin | -2,099.6% | -1,257.3% | -353.2% | -899.7% | -38.6% | -178.5% | -83.5% | -84.0% |
| EPS (Basic) | $-1.94 | $-1.01 | $-0.32 | $-1.13 | $-0.05 | $-0.16 | $-0.09 | $-0.06 |
| EPS (Diluted) | $-1.94 | $-1.01 | $-0.32 | $-1.13 | $-0.05 | $-0.16 | $-0.09 | $-0.06 |
| Shares Outstanding (Basic) | 485.7M | 423.0M | 397.6M | 401.6M | 386.9M | 383.1M | 351.3M | 382.1M |
| Shares Outstanding (Diluted) | 485.7M | 423.0M | 397.6M | 401.6M | 386.9M | 383.1M | 351.3M | 382.1M |
| Dividends Per Share | $0.00 | $0.00 | — | — | $0.00 | $0.00 | — | — |