TERAWULF INC. (WULF) FY2026 Q2 Statement of Cash Flows

Income StatementCash FlowBalance Sheet

Statement of Cash Flows

2026-04-01 to 2026-06-30

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TERAWULF INC. cash flow reconciliation, Apr 1, 2026 through Jun 30, 2026One connected Sankey reconciles operating, investing and financing net cash flows through a shared cash pool, from beginning cash to ending cash. Ribbons flow left to right on one dollar scale. Activity totals are dark gray; beginning and ending cash are blue. Cash basis for beginning and ending balances and net cash change: Cash, cash equivalents, and restricted cash. Intermediate calculation bars are lighter gray. Calculated remaining financing cash flows are purple; remaining operating and investing bundles are gray. Their underlying inflows and outflows are not separately identified. Net income is green for profit and red for loss. Identified asset purchases, sales and maturities are blue in either cash direction. Purple identifies capital transactions such as borrowing, repayments, share issuance and dividends. Free cash flow is a separate comparison, not an added cash flow. Read chart description and values below for full signed amounts, including zero items.Proceeds from issuance of common stock, net of issuance costs paid of $35,864 and $0 → financing reconciliation: $1,190,864,000.00Proceeds from exercise of warrants → financing reconciliation: $3,055,000.00financing reconciliation → Net cash from financing activities: $965,467,000.00financing reconciliation → Payments of tax withholding related to net share settlements of stock-based compensation awards: $126,232,000.00financing reconciliation → Repayment of short-term debt: $100,075,000.00financing reconciliation → Payment of debt issuance costs for revolving credit facility: $2,145,000.00Proceeds from sale of digital assets → investing reconciliation: $13,162,000.00Net cash used in investing activities → investing reconciliation: $892,893,000.00investing reconciliation → Purchase of and deposits on plant and equipment: $855,560,000.00investing reconciliation → Remaining investing cash flows, net (calculated): $50,495,000.00Net cash used in operating activities → operating reconciliation: $136,709,000.00Change in fair value of warrants → operating reconciliation: $755,667,000.00Stock-based compensation expense → operating reconciliation: $83,939,000.00Depreciation → operating reconciliation: $21,241,000.00Stock-based charitable contribution → operating reconciliation: $14,390,000.00Equity in net loss of investee, net of tax → operating reconciliation: $11,063,000.00Amortization of debt issuance costs, commitment fees and accretion of debt discount → operating reconciliation: $9,776,000.00Loss on extinguishment of debt → operating reconciliation: $7,116,000.00Increase in prepaid expenses → operating reconciliation: $2,259,000.00Amortization of right-of-use asset → operating reconciliation: $1,874,000.00Increase in other current assets → operating reconciliation: $1,718,000.00Increase in accounts payable → operating reconciliation: $1,269,000.00Loss (gain) on fair value of digital assets, net → operating reconciliation: $799,000.00Loss on disposals of property, plant, and equipment → operating reconciliation: $399,000.00Accretion of asset retirement obligations → operating reconciliation: $267,000.00Increase (decrease) in other amounts due to related parties → operating reconciliation: $205,000.00Decrease in deferred charges → operating reconciliation: $175,000.00Deferred income tax provision → operating reconciliation: $28,000.00Change in asset retirement obligations estimate → operating reconciliation: $15,000.00operating reconciliation → Net loss: $940,827,000.00operating reconciliation → (Decrease) increase in accrued interest and other current liabilities: $64,942,000.00operating reconciliation → (Decrease) increase in deferred rent liability: $20,092,000.00operating reconciliation → Revenue recognized from digital assets mined and hosting services: $12,835,000.00operating reconciliation → Increase in accounts receivable: $7,620,000.00operating reconciliation → Decrease in other liabilities: $1,587,000.00operating reconciliation → Decrease in operating lease liability: $504,000.00operating reconciliation → Decrease (increase) in other assets: $459,000.00operating reconciliation → Other income: $43,000.00Beginning cash: Cash, cash equivalents, and restricted cash → Cash sources and uses: $3,092,743,000.00Net cash from financing activities → Cash sources and uses: $965,467,000.00Cash sources and uses → Ending cash: Cash, cash equivalents, and restricted cash: $3,028,608,000.00Cash sources and uses → Net cash used in investing activities: $892,893,000.00Cash sources and uses → Net cash used in operating activities: $136,709,000.00Stock-based compensation expense: $83,939,000.00Stock-based compensation+$83.94 MDeferred income tax provision: $28,000.00Deferred income taxes+$28.00 KAmortization of debt issuance costs, commitment fees and accretion of debt discount: $9,776,000.00Debt cost, fee & discount amort.+$9.78 MDepreciation: $21,241,000.00Depreciation expense+$21.24 MAccretion of asset retirement obligations: $267,000.00Asset retirement accretion+$267.00 KAmortization of right-of-use asset: $1,874,000.00Operating lease amortization+$1.87 MIncrease in accounts payable: $1,269,000.00Trade payables+$1.27 MDecrease in operating lease liability: -$504,000.00Operating lease liabilities−$504.00 K(Decrease) increase in deferred rent liability: -$20,092,000.00Deferred liabilities−$20.09 MIncrease (decrease) in other amounts due to related parties: $205,000.00Due to related parties+$205.00 KDecrease in other liabilities: -$1,587,000.00Other operating liabilities−$1.59 M(Decrease) increase in accrued interest and other current liabilities: -$64,942,000.00Other accrued liabilities−$64.94 MImpairment of property, plant, and equipment: $0.00Change in fair value of warrants: $755,667,000.00Change in fair value of warrants+$755.67 MNet loss: -$940,827,000.00Net loss−$940.83 MEquity in net loss of investee, net of tax: $11,063,000.00Equity-method results+$11.06 MRevenue recognized from digital assets mined and hosting services: -$12,835,000.00Mining & hosting revenue−$12.84 MIncrease in accounts receivable: -$7,620,000.00Accounts receivable−$7.62 MLoss (gain) on fair value of digital assets, net: $799,000.00Digital asset gain & loss+$799.00 KIncrease in prepaid expenses: $2,259,000.00Prepaid expenses+$2.26 MIncrease in other current assets: $1,718,000.00Other current assets+$1.72 MDecrease (increase) in other assets: -$459,000.00Other noncurrent assets−$459.00 KDecrease in deferred charges: $175,000.00Deferred costs+$175.00 KRelated party expense settled with respect to common stock: $0.00Change in fair value of contingent consideration: $0.00Loss on disposals of property, plant, and equipment: $399,000.00PP&E disposal gain & loss+$399.00 KChange in asset retirement obligations estimate: $15,000.00Retirement obligation revisions+$15.00 KStock-based charitable contribution: $14,390,000.00Noncash charitable gifts+$14.39 MOther income: -$43,000.00Other income−$43.00 KLoss on extinguishment of debt: $7,116,000.00Debt extinguishment gain & loss+$7.12 MNet cash used in operating activities: -$136,709,000.00. Cash required to fund net payments.Operating cash−$136.71 Moperating reconciliation: $1,048,909,000.00Proceeds from issuance of short-term debt, net of issuance costs paid of $7,250 and $0: $0.00Repayment of short-term debt: -$100,075,000.00Short-term debt repaid−$100.08 MPayment of debt issuance costs for revolving credit facility: -$2,145,000.00Credit line issuance costs−$2.15 MProceeds from issuance of common stock, net of issuance costs paid of $35,864 and $0: $1,190,864,000.00Common stock issued+$1.19 BProceeds from exercise of warrants: $3,055,000.00Warrants issued+$3.06 MPurchase of treasury stock: $0.00Payments of tax withholding related to net share settlements of stock-based compensation awards: -$126,232,000.00Stock-award tax withholding−$126.23 MNet cash from financing activities: $965,467,000.00Financing cash+$965.47 Mfinancing reconciliation: $1,193,919,000.00Purchase of and deposits on plant and equipment: -$855,560,000.00PP&E purchases−$855.56 MProceeds from sale of digital assets: $13,162,000.00Digital asset sales+$13.16 MRemaining investing cash flows, net (calculated): -$50,495,000.00Remaining investing (calculated)−$50.50 MNet cash used in investing activities: -$892,893,000.00. Cash required to fund net payments.Investing cash−$892.89 Minvesting reconciliation: $906,055,000.00Cash sources and uses: $4,058,210,000.00Beginning cash: Cash, cash equivalents, and restricted cash: $3,092,743,000.00Beginning cash$3.09 BEnding cash: Cash, cash equivalents, and restricted cash: $3,028,608,000.00Ending cash$3.03 BCASH RECONCILIATIONFinancingflowsInvestingflowsOperatingflowsNet loss −$940.83M + net operating adjustments $804.12M = operating cash −$136.71MFree cash flow−$992.27 MOperating cash − cash spent on PP&ECash flow / Net incomeNot meaningfulOperating cash flow ÷ net incomeNet cash change−$64.14 MEnding cash − beginning cash
Chart details

TERAWULF INC. cash flow reconciliation, Apr 1, 2026 through Jun 30, 2026

Cash flows for Apr 1, 2026 through Jun 30, 2026. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Mar 31, 2026. Ending cash: Jun 30, 2026. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.

Beginning cash on Mar 31, 2026
3,092,743,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
Operating activities
negative 136,709,000 US dollars. Net cash used.
Stock-based compensation expense
83,939,000 US dollars
Deferred income tax provision
28,000 US dollars
Amortization of debt issuance costs, commitment fees and accretion of debt discount
9,776,000 US dollars
Depreciation
21,241,000 US dollars
Accretion of asset retirement obligations
267,000 US dollars
Amortization of right-of-use asset
1,874,000 US dollars
Increase in accounts payable
1,269,000 US dollars
Decrease in operating lease liability
negative 504,000 US dollars
(Decrease) increase in deferred rent liability
negative 20,092,000 US dollars
Increase (decrease) in other amounts due to related parties
205,000 US dollars
Decrease in other liabilities
negative 1,587,000 US dollars
(Decrease) increase in accrued interest and other current liabilities
negative 64,942,000 US dollars
Impairment of property, plant, and equipment
0 US dollars
Change in fair value of warrants
755,667,000 US dollars
Net loss
negative 940,827,000 US dollars
Equity in net loss of investee, net of tax
11,063,000 US dollars
Revenue recognized from digital assets mined and hosting services
negative 12,835,000 US dollars
Increase in accounts receivable
negative 7,620,000 US dollars
Loss (gain) on fair value of digital assets, net
799,000 US dollars
Increase in prepaid expenses
2,259,000 US dollars
Increase in other current assets
1,718,000 US dollars
Decrease (increase) in other assets
negative 459,000 US dollars
Decrease in deferred charges
175,000 US dollars
Related party expense settled with respect to common stock
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
Change in asset retirement obligations estimate
15,000 US dollars
Stock-based charitable contribution
14,390,000 US dollars
Other income
negative 43,000 US dollars
Loss on extinguishment of debt
7,116,000 US dollars
Investing activities
negative 892,893,000 US dollars. Net cash used. The remaining amount is calculated by subtracting the other displayed items from the investing total. This quarter is the year to date less the prior quarter's year to date. The prior quarter reported part of this section under different lines (Cash paid for asset acquisition), so Acquisition of a business, net of cash acquired, Purchase of securities, Cash paid for asset acquisition and Proceeds from sales of property, plant and equipment cannot be separated for this quarter. It may combine inflows and outflows.
Purchase of and deposits on plant and equipment
negative 855,560,000 US dollars
Proceeds from sale of digital assets
13,162,000 US dollars
Remaining investing cash flows, net (calculated)
negative 50,495,000 US dollars
Financing activities
965,467,000 US dollars. Net cash provided.
Proceeds from issuance of short-term debt, net of issuance costs paid of $7,250 and $0
0 US dollars
Repayment of short-term debt
negative 100,075,000 US dollars
Payment of debt issuance costs for revolving credit facility
negative 2,145,000 US dollars
Proceeds from issuance of common stock, net of issuance costs paid of $35,864 and $0
1,190,864,000 US dollars
Proceeds from exercise of warrants
3,055,000 US dollars
Purchase of treasury stock
0 US dollars
Payments of tax withholding related to net share settlements of stock-based compensation awards
negative 126,232,000 US dollars
Operating adjustment reconciliation
1,048,909,000 US dollars. Intermediate calculation joining the operating reconciliation branches. Its gross amount includes any portion of net income routed through this junction. It is not an additional cash source or use.
financing gross reconciliation
1,193,919,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
investing displayed reconciliation
906,055,000 US dollars. Intermediate calculation joining the displayed items and the calculated net remainder. It does not establish gross cash receipts or payments and is not an additional cash flow.
Exchange-rate effect
0 US dollars
Ending cash on Jun 30, 2026
3,028,608,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
Cash sources and uses
4,058,210,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
Net cash change
negative 64,135,000 US dollars. Ending cash minus beginning cash.
Cash flow / Net income
Not meaningful. Operating cash flow divided by reconciliation net income for the same period. The ratio is not meaningful when net income is zero or negative.
Operating cash flow
negative 136,709,000 US dollars. Operating cash flow used in the free cash flow calculation.
Cash purchases of property, plant and equipment
855,560,000 US dollars. These cash purchases are already included in investing activities above.
Free cash flow
negative 992,269,000 US dollars. A supplemental measure; finance-lease payments are excluded from this definition.

Chart connections

  • Beginning cash plus operating, investing and financing cash flows plus the exchange-rate effect equals ending cash. Negative amounts reduce cash.
  • Financing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Investing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Operating reconciliation adjustments are not all independent cash receipts.
  • Net loss −$940.83M + net operating adjustments $804.12M = operating cash −$136.71M. The loss reduces the earnings basis of the reconciliation; it is not a cash payment. The signed loss remains a deduction at the operating reconciliation junction.
  • Each activity has one net cash bar connected to the shared cash pool. Positive activity totals enter the pool; negative activity totals leave the pool to fund that activity's net payments. The central pool does not assign a particular funding source to a particular payment.
  • The intermediate calculation bars include both sides of the displayed activity breakdowns; they are not additional cash flows.
  • Operating cash flow minus cash purchases of property, plant and equipment equals free cash flow: negative 136,709,000 US dollars minus 855,560,000 US dollars equals negative 992,269,000 US dollars.
TERAWULF INC. (WULF) FY2026 Q2 Statement of Cash Flows Sankey chart
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