TERAWULF INC. (WULF) FY2026 Q2 P&L / Income Statement

TERAWULF INC. (WULF) FY2026 Q2 P&L / Income Statement

Income statement for 2026-04-01 through 2026-06-30. View: Revenue categories. Revenue uses this breakdown; costs and expenses retain the consolidated categories.

Total revenue

44,767,000 US dollars

Cost of revenue (exclusive of depreciation shown below)

12,400,000 US dollars

Gross profit (calculated)

32,367,000 US dollars

Total operating expenses (calculated)

172,817,000 US dollars

Operating loss

negative 140,450,000 US dollars

Other income (expense), net (calculated)

negative 789,286,000 US dollars

Loss before income tax and equity in net loss of investee

negative 929,736,000 US dollars

Income tax provision

28,000 US dollars

Net loss

negative 940,827,000 US dollars

Digital asset revenue

12,835,000 US dollars

HPC lease revenue

31,932,000 US dollars

Operating expenses

23,438,000 US dollars

Selling, general and administrative expenses

126,940,000 US dollars

Depreciation

21,241,000 US dollars

Loss (gain) on fair value of digital assets, net

799,000 US dollars

Impairment of property, plant, and equipment

0 US dollars

Change in fair value of contingent consideration

0 US dollars

Loss on disposals of property, plant, and equipment

399,000 US dollars

Equity in net loss of investee, net of tax

negative 11,063,000 US dollars. Reported below-tax contribution to net income.

Chart connections

• Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income.
• Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit, plus the explicitly reported below-tax contributions, equals net income.
• Of which attributable to TERAWULF INC.: −$939.92 M; to noncontrolling interests: −$910.00 K.