
Terawulf Inc
NASDAQ:WULF

Income Statement
Earnings Waterfall
Terawulf Inc
Revenue
|
128.4m
USD
|
Cost of Revenue
|
-51.9m
USD
|
Gross Profit
|
76.4m
USD
|
Operating Expenses
|
-105.9m
USD
|
Operating Income
|
-29.4m
USD
|
Other Expenses
|
-25.5m
USD
|
Net Income
|
-54.9m
USD
|
Income Statement
Terawulf Inc
Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | Mar-2024 | Jun-2024 | Sep-2024 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
18
N/A
|
18
+0%
|
18
-5%
|
17
-2%
|
17
+0%
|
18
+1%
|
18
+2%
|
18
-3%
|
18
+0%
|
18
0%
|
17
-2%
|
18
+3%
|
17
-4%
|
17
+1%
|
18
+3%
|
18
0%
|
18
+4%
|
18
0%
|
18
-3%
|
18
0%
|
18
-1%
|
18
+1%
|
18
0%
|
16
-12%
|
14
-9%
|
13
-5%
|
13
-3%
|
15
+13%
|
16
+11%
|
0
N/A
|
0
N/A
|
(3)
N/A
|
(4)
-33%
|
15
N/A
|
26
+75%
|
40
+53%
|
56
+37%
|
69
+25%
|
100
+45%
|
120
+20%
|
128
+7%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(11)
|
(12)
|
(12)
|
(11)
|
(11)
|
(11)
|
(12)
|
(11)
|
(11)
|
(11)
|
(11)
|
(12)
|
(11)
|
(12)
|
(12)
|
(11)
|
(12)
|
(12)
|
(12)
|
(12)
|
(12)
|
(12)
|
(12)
|
(11)
|
(10)
|
(10)
|
(9)
|
(10)
|
(11)
|
0
|
(0)
|
2
|
0
|
(11)
|
(16)
|
(21)
|
(24)
|
(27)
|
(37)
|
(46)
|
(52)
|
|
Gross Profit |
7
N/A
|
7
-5%
|
6
-10%
|
6
-1%
|
6
0%
|
6
+3%
|
6
+3%
|
6
-2%
|
6
+1%
|
6
-1%
|
6
-3%
|
6
-1%
|
6
-6%
|
6
+2%
|
6
+5%
|
6
+4%
|
6
+3%
|
6
-3%
|
6
-6%
|
6
-4%
|
6
-2%
|
5
-3%
|
6
+3%
|
4
-19%
|
4
-12%
|
4
-1%
|
4
-4%
|
5
+28%
|
6
+15%
|
0
N/A
|
0
N/A
|
(0)
N/A
|
(3)
-644%
|
4
N/A
|
10
+161%
|
20
+93%
|
32
+61%
|
42
+32%
|
63
+51%
|
75
+18%
|
76
+2%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(7)
|
(7)
|
(6)
|
(6)
|
(5)
|
(6)
|
(7)
|
(42)
|
(51)
|
(57)
|
(67)
|
(47)
|
(53)
|
(61)
|
(69)
|
(70)
|
(86)
|
(98)
|
(106)
|
|
Selling, General & Administrative |
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(6)
|
(6)
|
(5)
|
(5)
|
(4)
|
(5)
|
(6)
|
(42)
|
(50)
|
(55)
|
(62)
|
(36)
|
(37)
|
(38)
|
(40)
|
(37)
|
(43)
|
(46)
|
(47)
|
|
Research & Development |
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Depreciation & Amortization |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(2)
|
(7)
|
(12)
|
(18)
|
(25)
|
(28)
|
(38)
|
(46)
|
(53)
|
|
Other Operating Expenses |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(1)
|
(2)
|
(3)
|
(4)
|
(4)
|
(4)
|
(4)
|
(5)
|
(6)
|
(6)
|
(6)
|
|
Operating Income |
1
N/A
|
1
-31%
|
0
-86%
|
0
-77%
|
0
+33%
|
0
+450%
|
0
+68%
|
0
-38%
|
0
-13%
|
(0)
N/A
|
(0)
-1 350%
|
(0)
-66%
|
(1)
-65%
|
(0)
+42%
|
(0)
+96%
|
0
N/A
|
0
+41%
|
0
-49%
|
(0)
N/A
|
(1)
-211%
|
(1)
-23%
|
(1)
-39%
|
(1)
-26%
|
(2)
-69%
|
(2)
-4%
|
(2)
+16%
|
(1)
+28%
|
(1)
+29%
|
(2)
-65%
|
(42)
-2 681%
|
(51)
-22%
|
(58)
-13%
|
(70)
-22%
|
(43)
+39%
|
(43)
0%
|
(41)
+4%
|
(37)
+10%
|
(28)
+23%
|
(23)
+20%
|
(23)
-1%
|
(29)
-27%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(2)
|
(8)
|
(12)
|
(19)
|
(25)
|
(26)
|
(31)
|
(34)
|
(35)
|
(39)
|
(36)
|
(26)
|
|
Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(1)
|
(1)
|
(3)
|
(3)
|
(3)
|
(3)
|
(1)
|
(2)
|
(2)
|
(6)
|
|
Total Other Income |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
1
|
1
|
1
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
1
|
1
|
|
Pre-Tax Income |
1
N/A
|
1
-30%
|
0
-86%
|
0
-69%
|
0
+25%
|
0
+360%
|
0
+65%
|
0
-42%
|
0
-23%
|
(0)
N/A
|
(0)
-400%
|
(1)
-54%
|
(1)
-56%
|
(1)
+38%
|
(0)
+87%
|
0
N/A
|
0
+50%
|
0
-51%
|
(0)
N/A
|
(1)
-161%
|
(1)
-22%
|
(1)
-36%
|
(1)
-27%
|
(2)
-67%
|
(2)
-5%
|
(1)
+71%
|
(0)
+75%
|
0
N/A
|
(0)
N/A
|
(44)
-10 895%
|
(58)
-33%
|
(70)
-19%
|
(89)
-28%
|
(70)
+21%
|
(72)
-2%
|
(74)
-3%
|
(74)
+1%
|
(64)
+13%
|
(63)
+2%
|
(60)
+4%
|
(60)
0%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(0)
|
(0)
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
1
|
1
|
1
|
1
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Income from Continuing Operations |
1
|
1
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(1)
|
(0)
|
(0)
|
0
|
0
|
0
|
(0)
|
(0)
|
(1)
|
(1)
|
(1)
|
(2)
|
(2)
|
(0)
|
(0)
|
0
|
(0)
|
(43)
|
(58)
|
(69)
|
(89)
|
(70)
|
(72)
|
(74)
|
(74)
|
(64)
|
(63)
|
(60)
|
(60)
|
|
Equity Earnings Affiliates |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(2)
|
(1)
|
(2)
|
(15)
|
(16)
|
(25)
|
(27)
|
(14)
|
(9)
|
6
|
10
|
7
|
|
Net Income (Common) |
1
N/A
|
1
-28%
|
0
-66%
|
0
-77%
|
0
-40%
|
0
+367%
|
0
+29%
|
0
+6%
|
0
-21%
|
(0)
N/A
|
(0)
-257%
|
(0)
-60%
|
(1)
-48%
|
(0)
+61%
|
0
N/A
|
0
+1 300%
|
0
+32%
|
0
-62%
|
(0)
N/A
|
(0)
-150%
|
(1)
-31%
|
(1)
-37%
|
(1)
-17%
|
(2)
-97%
|
(2)
-6%
|
(0)
+78%
|
(0)
+61%
|
0
N/A
|
(0)
N/A
|
(94)
-21 763%
|
(112)
-19%
|
(125)
-12%
|
(159)
-27%
|
(92)
+42%
|
(100)
-9%
|
(104)
-4%
|
(89)
+14%
|
(74)
+16%
|
(58)
+22%
|
(51)
+11%
|
(55)
-7%
|
|
EPS (Diluted) |
0.45
N/A
|
0.32
-29%
|
0.11
-66%
|
0.02
-82%
|
0.01
-50%
|
0.07
+600%
|
0.08
+14%
|
0.09
+13%
|
0.07
-22%
|
-0.03
N/A
|
-0.13
-333%
|
-0.2
-54%
|
-0.3
-50%
|
-0.11
+63%
|
0.01
N/A
|
0.14
+1 300%
|
0.18
+29%
|
0.07
-61%
|
-0.09
N/A
|
-0.22
-144%
|
-0.29
-32%
|
-0.41
-41%
|
-0.48
-17%
|
-0.95
-98%
|
-1.01
-6%
|
-0.22
+78%
|
-0.09
+59%
|
0.07
N/A
|
-0.22
N/A
|
-1.12
-409%
|
-1.12
N/A
|
-1.2
-7%
|
-1.45
-21%
|
-0.82
+43%
|
-0.6
+27%
|
-0.49
+18%
|
-0.4
+18%
|
-0.35
+13%
|
-0.19
+46%
|
-0.15
+21%
|
-0.14
+7%
|