TeraWulf Inc. (WULF) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Total Current Assets | 2.87B | 3.48B | 729.1M | 99.11M | 230.05M | 281.43M | 32.41M | 110.96M | 54.36M | 62.59M | 12.98M | 14.36M | 22.22M | 14.14M | 16.11M | 21.57M | 25.96M | 68.05M | 5.21M | 33.94M |
| Cash & Short-Term Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Cash Only | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Short-Term Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Accounts Receivable | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Days Sales Outstanding | 9.02 | 6.06 | 4.25 | 2.24 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 36.37 | - |
| Inventory | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Days Inventory Outstanding | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Current Assets | 14.97M | 201M | 2.43M | 3.43M | 1.99M | 1.07M | 1M | 1.45M | 873K | 2.61M | -1.06M | 2.65M | 857K | 7.77M | 8.5M | 16.29M | 16.43M | 23.11M | 183.52K | 278K |
| Total Non-Current Assets | 4.14B | 3.08B | 1.73B | 770.29M | 611.12M | 506.08M | 373.49M | 368.6M | 341.03M | 315.52M | 298.81M | 285.46M | 294.56M | 303.54M | 293.76M | 297.56M | 246.88M | 196.86M | 7.17M | 44.89M |
| Property, Plant & Equipment | 2.8B | 1.73B | 1.09B | 704.61M | 602.39M | 505.05M | 293.29M | 282.49M | 248.58M | 216.23M | 192.49M | 172.35M | 171.11M | 203.47M | 214.32M | 56.39M | 40.19M | 21.91M | 6.93M | 1.98M |
| Fixed Asset Turnover | 0.02x | 0.03x | 0.06x | 0.07x | 0.06x | 0.09x | 0.09x | 0.13x | 0.18x | 0.11x | 0.11x | 0.09x | 0.06x | 0.05x | 0.03x | 0.03x | 0.01x | 0.05x | 1.06x | - |
| Goodwill | 55.46M | 55.46M | 55.46M | 55.46M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 232.68K | 0 |
| Long-Term Investments | 701.26M | 712.46M | 1.44M | 1.43M | 0 | 0 | 79.49M | 85.57M | 91.87M | 98.61M | 105.56M | 111.45M | 122.03M | 98.74M | 76.73M | 140.07M | 123.05M | 104.28M | 0 | 42.1M |
| Other Non-Current Assets | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Assets | 7.01B | 6.56B | 2.45B | 869.41M | 841.16M | 787.51M | 405.9M | 479.57M | 395.39M | 378.11M | 311.79M | 299.82M | 316.78M | 317.69M | 309.87M | 319.14M | 272.84M | 264.91M | 12.38M | 78.82M |
| Asset Turnover | 0.01x | 0.01x | 0.03x | 0.06x | 0.04x | 0.06x | 0.06x | 0.08x | 0.11x | 0.07x | 0.06x | 0.05x | 0.04x | 0.03x | 0.01x | 0.00x | 0.00x | 0.00x | 0.10x | - |
| Asset Growth % | 733.23% | 732.77% | 504.68% | 81.29% | 112.74% | 108.28% | 30.18% | 59.95% | 24.81% | 19.02% | 0.62% | -6.05% | 16.11% | 19.92% | 2402.91% | 304.87% | 1644.94% | 1616.26% | -18.95% | - |
| Total Current Liabilities | 2.38B | 1.74B | 705.85M | 151.3M | 120.93M | 51.84M | 32.41M | 92.42M | 122.11M | 154.66M | 108.48M | 81.68M | 56.12M | 126.02M | 105.56M | 97.52M | 52.94M | 45.86M | 2.2M | 4.11M |
| Accounts Payable | 227.6M | 65.14M | 62.28M | 38.83M | 54.9M | 24.38M | 19.77M | 8.4M | 14.31M | 15.17M | 19.42M | 17.3M | 18.97M | 21.86M | 18.28M | 13.41M | 9.7M | 11.79M | 1.62M | 0 |
| Days Payables Outstanding | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Short-Term Debt | 634.56M | 538.1M | 2M | 618K | 28K | 27K | 0 | 72.35M | 99.36M | 123.47M | 76.51M | 36.88M | 0 | 55.35M | 46.68M | 31.71M | 3.15M | 0 | 0 | 0 |
| Deferred Revenue (Current) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Current Liabilities | 1.47B | 1.07B | 635.36M | 106.47M | 33.44M | 4.53M | 0 | 830K | 0 | 15.98M | 3.68M | 4.57M | 7M | 10.9M | 17.77M | 33.44M | 18.87M | 17.71M | 582.43K | 4.07M |
| Current Ratio | 1.20x | 2.00x | 1.03x | 0.66x | 1.90x | 5.43x | 1.00x | 1.20x | 0.45x | 0.40x | 0.12x | 0.18x | 0.40x | 0.11x | 0.15x | 0.22x | 0.49x | 1.48x | 2.37x | 8.25x |
| Quick Ratio | 1.20x | 2.00x | 1.03x | 0.66x | 1.90x | 5.43x | 1.00x | 1.20x | 0.45x | 0.40x | 0.12x | 0.18x | 0.40x | 0.11x | 0.15x | 0.22x | 0.49x | 1.48x | 2.37x | 8.25x |
| Cash Conversion Cycle | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Non-Current Liabilities | 4.7B | 4.68B | 1.5B | 543.77M | 549.86M | 491.22M | 859K | 911K | 933K | 955K | 49.38M | 83.32M | 114.35M | 73.91M | 82.46M | 86.6M | 98.89M | 95.88M | 0 | 50.85M |
| Long-Term Debt | 4.66B | 4.66B | 1.06B | 488.72M | 488.11M | 487.5M | 0 | 38K | 47K | 56K | 48.47M | 82.4M | 113.41M | 72.97M | 81.51M | 85.39M | 97.66M | 94.63M | 0 | 0 |
| Capital Lease Obligations | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Deferred Tax Liabilities | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Non-Current Liabilities | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | 7.09B | 6.42B | 2.21B | 695.08M | 670.79M | 543.07M | 33.27M | 93.33M | 123.05M | 155.62M | 157.86M | 165M | 170.47M | 199.93M | 188.02M | 184.12M | 151.83M | 141.73M | 2.2M | 54.97M |
| Total Debt | 5.31B | 5.2B | 1.09B | 500.88M | 491.85M | 491.25M | 912K | 73.26M | 100.34M | 124.47M | 125.89M | 120.25M | 114.39M | 129.31M | 129.06M | 118.14M | 101.87M | 95.62M | 0 | 1.08M |
| Net Debt | 2.49B | 1.93B | 373.95M | 410.89M | 273.69M | 217.18M | -23.03M | -30.84M | 54.52M | 70.03M | 119.29M | 112.01M | 97.41M | 128.03M | 124.59M | 117.22M | 98.28M | 52.17M | -1.5M | -30.64M |
| Debt / Equity | - | 36.99x | 4.39x | 2.87x | 2.89x | 2.01x | 0.00x | 0.19x | 0.37x | 0.56x | 0.82x | 0.89x | 0.78x | 1.10x | 1.06x | 0.88x | 0.84x | 0.78x | - | 0.05x |
| Debt / EBITDA | - | - | 78.75x | 53.42x | - | - | 4.96x | 9.62x | 7.70x | 32.33x | - | 144.18x | - | - | - | - | - | - | - | - |
| Net Debt / EBITDA | - | - | 27.14x | 43.82x | - | - | -125.14x | -4.05x | 4.19x | 18.19x | - | 134.30x | - | - | - | - | - | - | - | - |
| Interest Coverage | -2.02x | -0.96x | -45.29x | -3.58x | -14.17x | -16.18x | -48.03x | -1.19x | -0.35x | -0.49x | -0.94x | -0.69x | -1.35x | -1.93x | -1.85x | -1.89x | -1.72x | - | - | - |
| Total Equity | -77.62M | 140.44M | 247.34M | 174.33M | 170.38M | 244.44M | 372.63M | 386.24M | 272.34M | 222.49M | 153.93M | 134.82M | 146.31M | 117.75M | 121.84M | 135.02M | 121.01M | 123.18M | 10.18M | 23.86M |
| Equity Growth % | -145.56% | -42.55% | -33.62% | -54.86% | -37.44% | 9.87% | 142.07% | 186.49% | 86.14% | 88.94% | 26.34% | -0.15% | 20.91% | -4.4% | 1096.66% | 465.9% | 946.64% | 940.42% | -1.76% | - |
| Book Value per Share | -0.18 | 0.35 | 0.62 | 0.45 | 0.44 | 0.63 | 0.98 | 1.13 | 0.94 | 0.80 | 0.69 | 0.64 | 0.89 | 0.90 | 1.12 | 1.30 | 1.21 | 1.23 | 0.11 | 0.24 |
| Total Shareholders' Equity | -78.77M | 140.44M | 247.34M | 174.33M | 170.38M | 244.44M | 372.63M | 386.24M | 272.34M | 222.49M | 153.93M | 134.82M | 146.31M | 117.75M | 121.84M | 135.02M | 121.01M | 123.18M | 10.18M | 23.86M |
| Common Stock | 450K | 444K | 439K | 415K | 408K | 404K | 383K | 374K | 303K | 277K | 232K | 216K | 186K | 145K | 115K | 105K | 101K | 100K | 198.15K | 50K |
| Retained Earnings | -1.42B | -993.69M | -867.11M | -412.06M | -393.69M | -332.28M | -303.08M | -280.35M | -269.47M | -259.89M | -249.37M | -230.27M | -212.73M | -186.47M | -162.05M | -127.82M | -113.91M | -95.68M | 7M | -6.08M |
| Treasury Stock | -151.51M | -151.51M | -151.51M | -151.51M | -151.51M | -118.22M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 1.15M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |