TeraWulf Inc. logo WULF - TeraWulf Inc.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 13
HOLD 0
SELL 0
STRONG
SELL
0
| PRICE TARGET: $36.94 DETAILS
HIGH: $66.50
LOW: $28.00
MEDIAN: $31.00
CONSENSUS: $36.94
UPSIDE: 41.75%
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2000
Revenue
Revenue 168.5 140.1 69.2 15.0 0 13.4 17.6 18.2 17.2 17.6 17.6 18.5 17.5 17.3 16.8 16.5 15.1 15.9 15.8 14.9 14.0 13.7 10.4
Cost of Revenue 82.7 62.6 27.3 11.1 0.1 9.5 12.2 12.0 11.5 11.3 11.4 11.8 10.6 10.4 10.1 9.7 9.1 9.2 8.9 8.2 7.7 7.6 0
Gross Profit 85.8 77.4 41.9 4.0 (0.1) 3.9 5.4 6.3 5.7 6.2 6.1 6.7 6.9 6.9 6.7 6.8 6.1 6.6 6.9 6.7 6.2 6.1 10.4
Operating Expenses
R&D Expenses 0 0 0 0 0 0.7 0.8 0.7 0.7 0.6 0.6 0.7 0.6 0.6 0.5 0.7 0.7 0.8 0.8 0.7 0.6 0.6 0.7
SG&A Expenses 147.8 70.6 41.9 36.0 43.3 4.7 5.5 5.4 5.5 5.6 5.3 5.1 5.4 5.3 5.2 4.6 4.5 4.9 4.7 4.5 4.4 4.5 3.9
Other Expenses 108.3 83.1 29.4 11.6 0 0 0 0 0 0 0 (5.1) (5.4) (5.3) (5.2) 0 0 0 0 0 0 0 0
Operating Expenses 256.1 153.7 71.3 47.7 43.3 5.3 6.3 6.0 6.2 6.3 5.9 0.7 0.6 0.6 0.5 5.3 5.2 5.7 5.5 5.2 5.0 5.1 4.6
Operating Income
Operating Income (170.3) (76.2) (29.4) (43.7) (43.4) (1.4) (0.9) 0.2 (0.5) (0.0) 0.3 0.9 0.9 1.0 1.0 1.5 0.9 1.0 1.4 1.5 1.2 1.0 0.3
Interest Expense 80.2 19.8 34.8 24.7 2.3 2.5 0.1 (0.1) (0.1) (0.1) 0 0 0 0 0 0 0 0 0 0 0 0 0
Interest Income 0 0 0 0 0 0 0 0 0 0 0 0 0.0 0.0 0.0 0.0 0.0 0.1 0.2 0.1 0.1 0.0 0.1
Profitability
EBITDA (483.9) (17.4) 0.2 (38.8) (43.3) 0.1 (0.2) 1.1 0.4 0.8 0.9 1.6 1.5 1.6 1.5 2.0 0.5 1.4 2.0 1.9 1.6 1.4 0.4
EBIT (577.0) (78.6) (29.2) (45.8) (43.4) (0.6) (0.9) 0.3 (0.4) (0.0) 0.2 0.9 0.9 1.0 1.0 1.6 (0.0) 1.1 1.6 1.6 1.3 1.0 0
Income Before Tax (661.3) (98.4) (73.3) (86.2) (47.2) (0.6) (1.0) 0.2 (0.5) (0.1) 0.2 0.9 0.9 1.0 1.0 1.6 (0.0) 1.1 1.6 1.6 1.3 1.0 0.4
Income Tax Expense 0.1 (26.0) 0 (0.3) (0.6) (0.2) (0.2) 0.0 (0.3) (0.0) 0.1 0.3 0.2 0.4 0.3 0.4 0.3 0.3 0.5 0.5 0.3 0.3 0.1
Net Income (661.4) (72.4) (73.4) (90.8) (95.7) (0.4) (0.8) 0.1 (0.2) (0.1) 0.1 0.6 0.7 0.7 0.7 1.1 (0.3) 0.8 1.2 1.1 0.9 0.8 0.3
Per Share Data
EPS (Basic) -1.66 -0.21 -0.35 -0.83 -1.12 -0.22 -0.41 0.07 -0.11 -0.03 0.07 0.32 0.34 0.35 0.35 0.56 -0.16 0.40 0.58 0.56 0.47 0.40 0.20
EPS (Diluted) -1.66 -0.21 -0.35 -0.83 -1.12 -0.22 -0.41 0.07 -0.11 -0.03 0.07 0.32 0.34 0.35 0.35 0.56 -0.16 0.40 0.57 0.55 0.46 0.38 0.20
Shares Outstanding 397.6 351.3 210.0 110.6 85.2 2.0 2.0 2.0 2.0 2.0 2.0 2.0 2.0 2.0 2.0 2.0 2.0 2.1 2.0 2.0 1.9 1.9 1.3
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2000
Current Assets
Cash & Cash Equivalents 3,266.4 274.1 54.4 1.3 46.5 6.3 1.0 1.6 0.9 1.0 2.2 0 0 0 0 0 0 0 1.2 3.4 3.4 2.7 0.1
Short-Term Investments 0 0 0 0 0 0 2.2 2.7 2.9 3.2 0 0 0 0 0 0 0 0 3.5 0 0.1 0.1 0.7
Net Receivables 4.6 3.8 1.0 0 0 0 2.4 2.2 2.2 2.4 2.3 0 0 0 0 0 0 0 2.0 2.0 1.7 1.6 1.9
Inventory 0 0 0 0 0 0 2.2 2.0 2.1 2.0 2.1 0 0 0 0 0 0 0 2.4 2.5 2.4 2.2 1.5
Other Current Assets 201.0 1.1 2.6 7.8 20.1 0 0.9 0.4 0.2 0.4 0.1 0 0 0 0 0 0 0 0.0 0.3 0.2 0.2 0.2
Total Current Assets 3,478.3 281.4 62.6 14.1 68.1 6.3 8.7 9.0 8.3 9.0 6.7 0 0 0 0 0 0 0 9.3 8.2 7.7 6.9 4.3
Non-Current Assets
Property, Plant & Equipment 1,731.0 505.1 216.2 203.5 92.5 21.9 7.9 8.1 8.3 8.9 8.0 0 0 0 0 0 0 0 1.3 1.0 1.0 1.0 0
Goodwill 55.5 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.2
Intangible Assets 0 0 0 0 0 0 0.3 0.4 0.4 0 0.3 0 0 0 0 0 0 0 2.0 2.0 1.7 1.6 0
Long-Term Investments 712.5 0 98.6 98.7 104.3 104.3 0 0 0 0 0 0 0 0 0 0 0 0 0.9 1.0 0.5 0.2 0
Other Non-Current Assets 581.0 1.0 0.7 1.3 0.1 (102.5) 0 (0.2) (0.1) 0.3 (0.2) 0 0 0 0 0 0 0 (0.0) 0 0.1 0 0
Total Non-Current Assets 3,079.9 506.1 315.5 303.5 196.9 23.7 8.2 8.5 8.7 9.3 8.3 0.5 0.5 0.4 0.3 0.2 0.2 0.1 2.7 2.5 1.7 1.6 0.2
Total Assets 6,558.2 787.5 378.1 317.7 264.9 30.0 16.9 17.4 16.9 18.3 15.0 0.5 0.5 0.4 0.3 0.2 0.2 0.1 12.0 10.8 9.4 8.5 4.5
Current Liabilities
Account Payables 65.1 24.4 15.2 21.9 11.8 0.0 0.8 0.6 0.3 0.7 0.4 0.4 0.5 0.6 0.5 0.4 0 0 0.4 0.3 0.4 0.5 0.4
Short-Term Debt 536.1 0.0 123.5 55.4 0.1 0 0.1 0.1 0.1 0.1 0 0 0 0 0 0 0 0 0 0 0 0 0
Deferred Revenue 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Current Liabilities 904.6 5.9 16.0 10.9 34.0 1.4 1.0 0.5 0.4 0.5 0.7 0.4 0.3 0.4 0.3 0.3 0.8 0.9 0.1 0.2 0.2 0.2 0.2
Total Current Liabilities 1,735.8 51.8 154.7 126.0 45.9 1.7 1.9 1.3 0.9 1.3 1.1 0.7 0.9 1.0 0.8 0.8 0.8 0.9 0.9 0.9 1.0 1.1 0.6
Non-Current Liabilities
Long-Term Debt 4,635.0 487.5 0.1 73.0 94.6 94.6 2.7 2.8 2.9 3.1 0 0 0 0 0 0 0 0 0 0 0 0 0
Deferred Tax Liabilities 0.1 0 0 0 0.3 0 0 0.2 0.1 0.4 0.4 0 0 0 0 0 0 0 0.0 0.0 0 0 0
Other Non-Current Liabilities 24.2 0 0 0 0 (95.6) 0 0.2 0.1 0 0 0.5 0.5 0.4 0.3 0.2 0.2 0.1 (0.0) 0 (0.1) 0 0
Total Non-Current Liabilities 4,681.9 491.2 1.0 73.9 95.9 0 2.7 3.0 3.1 3.5 0.4 0.5 0.5 0.4 0.3 0.2 0.2 0.1 (0.0) 0.0 (0.1) 0 0
Total Liabilities 6,417.7 543.1 155.6 199.9 141.7 1.7 4.6 4.3 4.0 4.8 1.5 1.3 1.4 1.4 1.2 0.9 1.0 1.1 0.9 0.9 0.9 1.1 0.6
Stockholders' Equity
Common Stock 0.4 0.4 0.3 0.1 0.1 0.1 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0 0.2 0 0.2 0.2 0.2 0.2 0
Retained Earnings (993.7) (332.3) (259.9) (186.5) (95.7) (1.7) 9.3 10.2 10.1 10.5 10.6 10.5 9.8 9.1 10.4 9.7 8.6 9.0 8.7 7.7 6.6 5.7 0
Accumulated Other Comprehensive Income 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.0 (0.0) 0
Total Stockholders' Equity 140.4 244.4 222.5 117.8 123.2 28.3 12.3 13.1 13.0 13.5 13.5 13.3 12.6 11.8 13.0 12.2 11.0 11.4 11.0 9.9 8.5 7.4 4.0
Total Liabilities & Equity 6,558.2 787.5 378.1 317.7 264.9 30.0 16.9 17.4 16.9 18.3 15.0 14.6 14.0 13.2 14.2 13.1 12.0 12.5 12.0 10.8 9.4 8.5 4.5
Debt Metrics
Total Debt 5,195.7 491.2 124.5 129.3 95.7 95.7 2.8 3.0 3.1 3.2 0 0 0 0 0 0 0 0 0 0 0 0 0
Net Debt 1,929.3 217.2 70.0 128.0 49.3 89.4 1.9 1.3 2.1 2.2 (2.2) 0 0 0 0 0 0 0 (1.2) (3.4) (3.4) (2.7) (0.1)
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2010 2009 2007 2006 2005 2004 2000
Operating Activities
Net Income (661.4) (72.4) (73.4) (90.8) (46.6) (10.1) (0.8) 0.1 (0.2) (0.1) 0.1 0.6 0.7 0.7 1.1 (0.3) 1.2 1.1 0.9 0.8 0.3
Depreciation & Amortization 110.8 61.2 29.4 7.0 0.1 0.7 0.7 0.8 0.9 0.8 0.7 0.6 0.6 0.5 0.5 0.5 0.3 0.3 0.3 0.4 0.4
Stock-Based Compensation 50.9 30.9 5.9 1.6 0 13.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0 0 0 0 0 0 0.1
Change in Working Capital 71.4 (10.1) (10.6) 13.2 11.0 0.5 (0.3) 0.2 (0.1) 0.1 0.6 (0.4) 0.0 (0.1) (0.0) 0.3 0.1 (0.3) (0.3) 0.1 (0.1)
Other Non-Cash Items 305.1 (34.0) 53.1 35.3 12.0 (4.6) 0.1 1.3 2.0 1.3 0.9 (0.0) (0.0) 0.0 0.0 0.9 (0.1) 0.0 0.0 0.1 (0.4)
Operating Cash Flow (123.2) (24.4) 4.3 (34.1) (24.1) (0.4) (0.5) 1.2 0.2 0.9 1.5 0.9 1.5 1.2 1.6 1.4 1.7 1.1 1.0 1.3 0.2
Investing Activities
Capital Expenditure (1,060.2) (267.9) (75.2) (72.9) (109.1) (0.2) (0.5) (0.6) (0.3) (2.1) (2.9) (0.4) (0.8) (0.6) (0.2) (0.1) (0.6) (0.3) (0.2) (0.3) (0.2)
Acquisitions (10.1) 23.3 (2.8) (46.2) (10.3) 0.0 0.0 0 0.0 0.0 0 0 0 0 0.0 0.0 0.0 (0.5) 0.0 0 0
Purchases of Investments (450) 0 0 0 (150.0) 0 (5.6) (5.6) (3.9) (4.4) (0.7) (2.7) (1.8) (1.9) (2.6) (1.0) (0.4) (0.5) (0.3) (0.1) (0.4)
Sales/Maturities of Investments 151.3 153.5 0 0 67.9 2.2 6.1 5.8 4.2 1.1 2.4 2.4 1.8 2.3 1.2 0.2 0.3 0.1 0.0 0.1 0.3
Other Investing Activities 0 0 0 25.0 0 0 0 (0.6) (0.0) (0.0) (0.1) 0.0 (0.0) 0.0 0 0 0 0 0 0 (0.4)
Investing Cash Flow (1,368.9) (91.2) (78.0) (94.0) (201.4) 2.1 0.0 (0.4) 0.1 (5.3) (1.2) (0.7) (0.8) (0.2) (1.6) (0.8) (0.8) (1.3) (0.4) (0.3) (0.7)
Financing Activities
Net Debt Issuance 5,097.5 346.7 (5.3) 25.3 118.3 1.1 (0.1) 0 (0.1) 3.2 0 0 0 0 0 0 0 0 0 0 0
Stock Repurchased (33.3) (118.2) 0 0 0 0 (0.0) 0 (0.3) 0 0 0 0 0 (0.0) (0.1) 0 0 (0.1) 0 (0.1)
Dividends Paid 0 0 0 0 0 0 0 0 0 0 0 0 0 (2.0) 0 0 0 0 0 0 0
Other Financing Activities (28.5) (82.0) (10.7) 7.8 0 0 0 (0.1) 0 0 0 0 0 0 0 0 0.0 0.0 0 0 (0.1)
Financing Cash Flow 4,940.8 335.2 119.9 90.0 272.0 1.1 (0.2) (0.1) (0.4) 3.2 0 0.0 0.1 (1.9) 0.0 (0.1) 0.1 0.2 0.1 0.2 (0.1)
Cash Position
Net Change in Cash 3,448.7 219.6 46.1 (38.1) 42.8 2.7 (0.7) 0.7 (0.1) (1.2) 0.3 0.2 0.7 (0.9) (0.0) 0.4 (2.2) 0.0 3.4 0 (0.6)
Cash at Beginning 274.1 54.4 8.3 46.5 3.7 1.0 1.6 0.9 1.0 2.2 1.9 1.7 1.0 1.9 1.3 0.9 3.4 3.4 0 0 0.7
Cash at End 3,722.8 274.1 54.4 8.3 46.5 3.7 1.0 1.6 0.9 1.0 2.2 1.9 1.7 1.0 1.3 1.3 1.2 3.4 3.4 2.7 0.1
Free Cash Flow (1,183.4) (292.4) (70.9) (106.9) (133.2) (0.6) (1.0) 0.6 (0.1) (1.2) (1.5) 0.5 0.7 0.6 1.4 1.3 1.1 0.8 0.8 1.0 0.0
Key Metrics 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2000
Income Statement
Revenue 168.5 140.1 69.2 15.0 0 13.4 17.6 18.2 17.2 17.6 17.6 18.5 17.5 17.3 16.8 16.5 15.1 15.9 15.8 14.9 14.0 13.7 10.4
Gross Profit 85.8 77.4 41.9 4.0 (0.1) 3.9 5.4 6.3 5.7 6.2 6.1 6.7 6.9 6.9 6.7 6.8 6.1 6.6 6.9 6.7 6.2 6.1 10.4
Operating Income (170.3) (76.2) (29.4) (43.7) (43.4) (1.4) (0.9) 0.2 (0.5) (0.0) 0.3 0.9 0.9 1.0 1.0 1.5 0.9 1.0 1.4 1.5 1.2 1.0 0.3
Net Income (661.4) (72.4) (73.4) (90.8) (95.7) (0.4) (0.8) 0.1 (0.2) (0.1) 0.1 0.6 0.7 0.7 0.7 1.1 (0.3) 0.8 1.2 1.1 0.9 0.8 0.3
EPS (Diluted) -1.66 -0.21 -0.35 -0.83 -1.12 -0.22 -0.41 0.07 -0.11 -0.03 0.07 0.32 0.34 0.35 0.35 0.56 -0.16 0.40 0.57 0.55 0.46 0.38 0.20
Balance Sheet
Cash & Equivalents 3,266.4 274.1 54.4 1.3 46.5 6.3 1.0 1.6 0.9 1.0 2.2 0 0 0 0 0 0 0 1.2 3.4 3.4 2.7 0.1
Total Assets 6,558.2 787.5 378.1 317.7 264.9 30.0 16.9 17.4 16.9 18.3 15.0 0.5 0.5 0.4 0.3 0.2 0.2 0.1 12.0 10.8 9.4 8.5 4.5
Total Debt 5,195.7 491.2 124.5 129.3 95.7 95.7 2.8 3.0 3.1 3.2 0 0 0 0 0 0 0 0 0 0 0 0 0
Stockholders' Equity 140.4 244.4 222.5 117.8 123.2 28.3 12.3 13.1 13.0 13.5 13.5 13.3 12.6 11.8 13.0 12.2 11.0 11.4 11.0 9.9 8.5 7.4 4.0
Cash Flow
Operating Cash Flow (123.2) (24.4) 4.3 (34.1) (24.1) (0.4) (0.5) 1.2 0.2 0.9 1.5 0.9 1.5 1.2 1.6 1.4 1.7 1.1 1.0 1.3 0.2
Capital Expenditure (1,060.2) (267.9) (75.2) (72.9) (109.1) (0.2) (0.5) (0.6) (0.3) (2.1) (2.9) (0.4) (0.8) (0.6) (0.2) (0.1) (0.6) (0.3) (0.2) (0.3) (0.2)
Free Cash Flow (1,183.4) (292.4) (70.9) (106.9) (133.2) (0.6) (1.0) 0.6 (0.1) (1.2) (1.5) 0.5 0.7 0.6 1.4 1.3 1.1 0.8 0.8 1.0 0.0