# Terawulf Inc.: Form 10-K for the period ended Dec 31, 2025

- Company: [Terawulf Inc.](/companies/wulf.md) (CIK 1083301)
- Form: 10-K
- Filed: 2026-02-27
- Accepted by EDGAR: Feb 27, 2026, 13:54 ET
- Period: 2025-12-31
- Accession: 0001083301-26-000031
- Inline XBRL: yes
- Main document: https://www.sec.gov/Archives/edgar/data/1083301/000108330126000031/wulf-20251231.htm
- All documents and exhibits: https://www.sec.gov/Archives/edgar/data/1083301/000108330126000031/

## Figures reported in this filing

Standardized XBRL line items for the period ended 2025-12-31.

| Line item | Period | Value | XBRL concept |
| --- | --- | ---: | --- |
| Revenue | 12 months, 2025-01-01 to 2025-12-31 | $168.5m | us-gaap:Revenues |
| Cost of revenue | 12 months, 2025-01-01 to 2025-12-31 | $82.7m | us-gaap:CostOfGoodsAndServicesSold |
| Gross profit | 12 months, 2025-01-01 to 2025-12-31 | $66.0m | us-gaap:GrossProfit |
| Operating income | 12 months, 2025-01-01 to 2025-12-31 | −$186.2m | us-gaap:OperatingIncomeLoss |
| Interest expense | 12 months, 2025-01-01 to 2025-12-31 | $80.2m | us-gaap:InterestExpenseNonoperating |
| Income tax | 12 months, 2025-01-01 to 2025-12-31 | $76.0k | us-gaap:IncomeTaxExpenseBenefit |
| Net income | 12 months, 2025-01-01 to 2025-12-31 | −$661.4m | us-gaap:NetIncomeLoss |
| Diluted EPS | 12 months, 2025-01-01 to 2025-12-31 | −$1.66 | us-gaap:EarningsPerShareDiluted |
| Basic EPS | 12 months, 2025-01-01 to 2025-12-31 | −$1.66 | us-gaap:EarningsPerShareBasic |
| Diluted shares (weighted) | 12 months, 2025-01-01 to 2025-12-31 | 397,608,216 shares | us-gaap:WeightedAverageNumberOfDilutedSharesOutstanding |
| Operating cash flow | 12 months, 2025-01-01 to 2025-12-31 | −$123.2m | us-gaap:NetCashProvidedByUsedInOperatingActivities |
| Capital expenditure | 12 months, 2025-01-01 to 2025-12-31 | $1.06bn | us-gaap:PaymentsToAcquirePropertyPlantAndEquipment |
| Share repurchases | 12 months, 2025-01-01 to 2025-12-31 | $33.3m | us-gaap:PaymentsForRepurchaseOfCommonStock |
| Cash and equivalents | at 2025-12-31 | $3.27bn | us-gaap:CashAndCashEquivalentsAtCarryingValue |
| Current assets | at 2025-12-31 | $3.48bn | us-gaap:AssetsCurrent |
| Total assets | at 2025-12-31 | $6.56bn | us-gaap:Assets |
| Current liabilities | at 2025-12-31 | $1.74bn | us-gaap:LiabilitiesCurrent |
| Total liabilities | at 2025-12-31 | $6.42bn | us-gaap:Liabilities |
| Long-term debt | at 2025-12-31 | $3.05bn | us-gaap:LongTermDebtNoncurrent |
| Current portion of debt | at 2025-12-31 | $46.3m | us-gaap:LongTermDebtCurrent |
| Shareholders' equity | at 2025-12-31 | $140.4m | us-gaap:StockholdersEquity |

## Sections

The sections of this filing are being extracted from EDGAR and appear here in about a minute. Meanwhile, read the original on sec.gov. https://www.sec.gov/Archives/edgar/data/1083301/000108330126000031/wulf-20251231.htm

Filed Feb 27, 2026.
Source: SEC EDGAR, the filing index for accession 0001083301-26-000031. Last ingested by Listed: Nov 6, 2026, 16:44 ET. No prices; not investment advice.