TeraWulf Inc. has reported its financial results for the fiscal year ended December 31, 2025, showcasing significant changes in various metrics compared to the previous period.
In terms of assets, the company's total current assets stood at $3,478,273 thousand, a notable increase from the previous period. Cash and cash equivalents also saw a significant rise to $3,266,389 thousand, compared to $2,755,443 thousand in the previous period. Additionally, the company reported an increase in restricted cash to $189,933 thousand.
Moving to liabilities, TeraWulf Inc. reported total current liabilities of $1,735,848 thousand, a substantial increase from the previous period. The current portion of convertible notes surged to $489,767 thousand, whereas it was reported as zero in the prior period. Long-term debt remained unchanged at $3,052,240 thousand.
Regarding the statement of operations, the company's revenue experienced a substantial increase, reaching $168,455 thousand for the year ended December 31, 2025, compared to $16,899 thousand in the prior period. Notably, digital asset revenue accounted for $151,556 thousand of the total revenue, demonstrating a significant surge from the previous period.
Conversely, TeraWulf Inc. reported a net loss of $661,416 thousand for the year ended December 31, 2025, compared to a net loss of $8,862 thousand in the prior period. This substantial increase in net loss reflects the company's challenges during the fiscal year.
The market has reacted to these announcements by moving the company's shares 0.14% to a price of $13.85. If you want to know more, read the company's complete 8-K report here.
