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

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

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

Total revenue

78,779,000 US dollars

Cost of revenue (exclusive of depreciation shown below)

14,761,000 US dollars

Gross profit (calculated)

64,018,000 US dollars

Total operating expenses (calculated)

366,610,000 US dollars

Operating loss

negative 302,592,000 US dollars

Other income (expense), net (calculated)

negative 1,043,271,000 US dollars

Loss before income tax and equity in net loss of investee

negative 1,345,863,000 US dollars

Income tax provision

56,000 US dollars

Net loss

negative 1,368,530,000 US dollars

Digital asset revenue

25,825,000 US dollars

HPC lease revenue

52,954,000 US dollars

Operating expenses

34,640,000 US dollars

Selling, general and administrative expenses

254,704,000 US dollars

Depreciation

49,718,000 US dollars

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

1,452,000 US dollars

Impairment of property, plant, and equipment

25,697,000 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 22,611,000 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.: −$1.37 B; to noncontrolling interests: −$979.00 K.