Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | $17.2M | $18.2M | $17.6M | $13.4M | — | $15.0M | $69.2M | $140M | $168M |
| Revenue growth | — | — | 5.6% | -3.3% | -23.8% | — | — | 360.5% | 102.3% | 20.3% |
| Gross profit | $6.24M | $5.73M | $6.25M | $5.40M | $3.91M | — | $3.95M | $37.0M | $69.8M | $66.0M |
| Gross margin | — | 33.2% | 34.3% | 30.6% | 29.1% | — | 26.3% | 53.5% | 49.8% | 39.2% |
| Operating income | -$22.0K | -$465K | $226K | -$957K | -$1.79M | — | -$43.7M | -$29.4M | -$76.2M | -$186M |
| Operating margin | — | -2.7% | 1.2% | -5.4% | -13.3% | — | -291.0% | -42.5% | -54.4% | -110.5% |
| Net income | -$65.1K | -$226K | $139K | -$814K | -$439K | — | -$90.8M | -$73.4M | -$72.4M | -$661M |
| Net margin | — | -1.3% | 0.8% | -4.6% | -3.3% | — | -603.9% | -106.1% | -51.7% | -392.6% |
| EPS (diluted) | -$0.03 | -$0.11 | $0.07 | -$0.41 | -$0.22 | — | -$0.82 | -$0.35 | -$0.21 | -$1.66 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $917K | $205K | $1.22M | -$477K | -$399K | — | -$34.1M | $4.26M | -$24.4M | -$123M |
| Capital expenditures | $2.06M | $230K | $543K | $478K | $150K | — | $61.1M | $75.2M | $268M | $1.06B |
| Free cash flow | -$1.15M | -$25.4K | $682K | -$955K | -$549K | — | -$95.2M | -$70.9M | -$292M | -$1.18B |
| Share buybacks | — | $300K | — | $49.6K | — | — | $0.00 | $0.00 | $118M | $33.3M |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $1.05M | $930K | $1.62M | $964K | $3.69M | $43.4M | $1.28M | $54.4M | $274M | $3.27B |
| Total assets | $18.3M | $16.9M | $17.4M | $16.9M | $15.4M | $265M | $318M | $378M | $788M | $6.56B |
| Total liabilities | $4.84M | $3.97M | $4.31M | $4.62M | $3.60M | $142M | $200M | $156M | $543M | $6.42B |
| Long-term debt | $3.08M | $2.95M | $2.82M | $2.69M | — | $94.6M | $73.0M | $56.0K | $0.00 | $3.05B |
| Shareholders' equity | $13.5M | $13.0M | $13.1M | $12.3M | $11.8M | $123M | $118M | $222M | $244M | $140M |
| Retained earnings | $10.5M | $10.1M | $10.2M | $9.34M | $8.90M | -$95.7M | -$186M | -$260M | -$332M | -$994M |
| Shares (wtd avg diluted) | 2.02M | 2.01M | 1.98M | 1.98M | 1.98M | 100.0M | 111M | 210M | 351M | 398M |
Every figure is extracted from TERAWULF INC.’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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