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

- Company: TERAWULF INC. (WULF)
- Period: 2026-01-01 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-ytd-q2-income-statement
- Chart image: https://plicit.ai/charts/wulf-fy2026-ytd-q2-income-statement-sankey.png

## Chart details: Revenue by Product and Service

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.