WULFTeraWulf Inc.

$6B

Q3 2025 Earnings

Financial Services Financial - Capital Markets

Income Statement

Revenue

$51M+86.9% YoY

Gross Profit

$33M66.1% margin

Operating Income

-$25M-48.8% margin

Net Income

-$455M-899.7% margin

EPS (Diluted)

$-1.13

QoQ Revenue Growth

+6.2%

Cash Flow

Operating Cash Flow

-$37M

Free Cash Flow

-$268M

Stock-Based Comp.

$4M

Balance Sheet

Total Assets

$2.5B

Total Liabilities

$2.2B

Stockholders' Equity

$247M

Cash & Equivalents

$711M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$51M	$27M	+86.9%
Gross Profit	$33M	$12M	+169.8%
Operating Income	-$25M	-$16M	-57.0%
Net Income	-$455M	-$23M	-1901.7%

WULF Q3 2025 Earnings — TeraWulf Inc. Revenue & Financial Results | Market Cap Arena