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

- Company: TERAWULF INC. (WULF)
- Period: 2026-04-01 to 2026-06-30
- Filing: Q2 FY2026 10-Q, filed 2026-08-05, accession number 0001083301-26-000166
- Page: https://plicit.ai/financials/wulf/fy2026-q2-income-statement
- Chart image: https://plicit.ai/charts/wulf-fy2026-q2-income-statement-sankey.png

## Chart details: Revenue by Product and Service

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.