TERAWULF INC. (WULF) Spending and interest coverage
- R&D / revenue · 12 months: Value (m); Formula and calculation Research and development expense / revenue. Period ending 2026-06-30..
- Stock-based compensation / revenue · 12 months: Value 118.82%; Formula and calculation Share-based compensation / revenue. Period ending 2026-06-30..
- Interest coverage · 12 months: Value (m); Formula and calculation Estimated: average term debt × dated USD coupon proxy + average commercial paper × matching-currency disclosed rate at or before period end. Swaps, foreign-exchange, lease interest and amortization are not quantified..
Spending and interest coverage
Overview →Financial period ending 2026-06-30; current quote (m). Amounts retain their stated periods and units.
| Metric | Value | Formula and calculation |
|---|---|---|
| R&D / revenue · 12 months | (m) | Research and development expense / revenue. Period ending 2026-06-30. Calculation unavailable: missing inputs remain (m). |
| Stock-based compensation / revenue · 12 months | 118.82% | Share-based compensation / revenue. Period ending 2026-06-30. $196.29M ÷ $165.19M × 100 ≈ 118.82% |
| Interest coverage · 12 months | (m) | Estimated: average term debt × dated USD coupon proxy + average commercial paper × matching-currency disclosed rate at or before period end. Swaps, foreign-exchange, lease interest and amortization are not quantified. Calculation unavailable: missing inputs remain (m). |
Calculation inputs
| Input | Amount with unit | Raw financial data |
|---|---|---|
| Research and development spending | (m) | Research and Development Expense |
| Revenue | 165.19M USD | Revenue from Contract with Customer, Excluding Assessed Tax |
| Stock-based compensation | 196.29M USD | Share-based Payment Arrangement, Noncash Expense |
| Operating income | -413.59M USD | Operating Income (Loss) |
| Interest expense · reported / estimated | (m) | Interest Expense · Estimated expense assumptions |
Latest interest expense basis: (m). Estimated values carry *; expand each history row’s basis for its dated balances and rate assumptions.
Calculated history
Changes compare with the next older row (previous quarter), unless explicitly labeled otherwise. Rolling 12-month growth compares two successive quarter-end rolling totals; it is not year-over-year growth.
| Period ending | Research and development spending (USD) | Revenue (USD) | Stock-based compensation (USD) | Operating income (USD) | Interest expense · reported / estimated (USD) | R&D / revenue | SBC / revenue | Interest coverage | Interest expense basis |
|---|---|---|---|---|---|---|---|---|---|
| 2026-06-30 | (m) | $165.19M | $196.29M | $-413.59M | (m) | (m) | 118.82% | (m) | (m) |
| 2026-03-31 | (m) | $168.06M | $113.65M | $-288.73M | (m) | (m) | 67.63% | (m) | (m) |
| 2025-12-31 | (m) | $168.46M | $50.91M | $-186.21M | (m) | (m) | 30.22% | (m) | (m) |
| 2025-09-30 | (m) | (m) | $61.07M | $-151.31M | (m) | (m) | (m) | (m) | (m) |
| 2025-06-30 | (m) | (m) | $59.13M | $-142.35M | (m) | (m) | (m) | (m) | (m) |
| 2025-03-31 | (m) | (m) | $62.67M | $-133.53M | (m) | (m) | (m) | (m) | (m) |
| 2024-12-31 | (m) | (m) | $30.93M | $-76.22M | (m) | (m) | (m) | (m) | (m) |
| 2024-09-30 | (m) | (m) | $16.02M | $-29.46M | (m) | (m) | (m) | (m) | (m) |
| 2024-06-30 | (m) | (m) | $15.02M | $-23.44M | (m) | (m) | (m) | (m) | (m) |
| 2024-03-31 | (m) | (m) | $11.91M | $-22.52M | $39.02M | (m) | (m) | -0.58× | Reported |
| 2023-12-31 | (m) | (m) | $5.86M | $-29.42M | $34.81M | (m) | (m) | -0.85× | Reported |
| 2023-09-30 | (m) | (m) | $4.54M | $-38.14M | $33.52M | (m) | (m) | -1.14× | Reported |
| 2023-06-30 | (m) | (m) | $3.70M | $-41.83M | $30.50M | (m) | (m) | -1.37× | Reported |
| 2023-03-31 | (m) | (m) | (m) | $-43.80M | $26.19M | (m) | (m) | -1.67× | Reported |
| 2022-12-31 | (m) | (m) | $1.57M | $-43.74M | $24.68M | (m) | (m) | -1.77× | Reported |
| 2022-09-30 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2022-06-30 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2022-03-31 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2021-12-31 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2021-09-30 | $548.58K | $16.30M | $216.39K | $-1.51M | $118.31K | 3.37% | 1.33% | -12.73× | Reported |
| 2021-06-30 | $550.50K | $14.69M | $146.20K | $-922.28K | $142.79K | 3.75% | 1.00% | -6.46× | Reported |
| 2021-03-31 | $622.84K | $13.01M | $55.77K | $-1.30M | $84.92K | 4.79% | 0.43% | -15.27× | Reported |
| 2020-12-31 | $671.49K | $13.43M | $21.97K | $-1.79M | $86.56K | 5.00% | 0.16% | -20.63× | Reported |
| 2020-09-30 | $723.84K | $14.17M | $12.63K | $-2.14M | $93.17K | 5.11% | 0.09% | -23.00× | Reported |
| 2020-06-30 | $805.79K | $15.56M | $12.36K | $-2.05M | $91.38K | 5.18% | 0.08% | -22.48× | Reported |
| 2020-03-31 | $875.02K | $17.59M | $10.59K | $-1.22M | $89.27K | 4.98% | 0.06% | -13.63× | Reported |
| 2019-12-31 | $870.28K | $17.62M | $8.82K | $-956.68K | $90.06K | 4.94% | 0.05% | -10.62× | Reported |
| 2019-09-30 | $854.55K | $17.51M | $9.91K | $-694.87K | $91.13K | 4.88% | 0.06% | -7.62× | Reported |
| 2019-06-30 | $816.00K | $17.63M | $11.00K | $-563.01K | $91.63K | 4.63% | 0.06% | -6.14× | Reported |
| 2019-03-31 | $702.01K | $17.67M | $12.66K | $-185.23K | $92.92K | 3.97% | 0.07% | -1.99× | Reported |
| 2018-12-31 | $677.24K | $18.21M | $13.63K | $225.82K | $90.58K | 3.72% | 0.07% | 2.49× | Reported |
| 2018-09-30 | $659.99K | (m) | $16.09K | $441.11K | $87.64K | (m) | (m) | 5.03× | Reported |
| 2018-06-30 | $648.76K | (m) | $18.54K | $312.86K | $85.18K | (m) | (m) | 3.67× | Reported |
| 2018-03-31 | $676.99K | (m) | $20.99K | $-19.09K | $82.20K | (m) | (m) | -0.23× | Reported |
| 2017-12-31 | $688.69K | (m) | $23.56K | $-464.61K | $83.08K | (m) | (m) | -5.59× | Reported |
| 2017-09-30 | $691.06K | (m) | $24.15K | $-782.73K | $83.98K | (m) | (m) | -9.32× | Reported |
| 2017-06-30 | $672.55K | (m) | $24.74K | $-472.85K | $84.87K | (m) | (m) | -5.57× | Reported |
| 2017-03-31 | $634.97K | (m) | $25.22K | $-287.85K | $79.04K | (m) | (m) | -3.64× | Reported |
| 2016-12-31 | $647.07K | (m) | $25.01K | $-22.00K | $58.22K | (m) | (m) | -0.38× | Reported |
| 2016-09-30 | $629.37K | (m) | $24.04K | $196.82K | (m) | (m) | (m) | (m) | (m) |
| 2016-06-30 | $637.01K | (m) | $23.07K | $226.51K | (m) | (m) | (m) | (m) | (m) |
| 2016-03-31 | $682.42K | (m) | $22.21K | $371.28K | (m) | (m) | (m) | (m) | (m) |
| 2015-12-31 | $660.40K | (m) | $21.74K | $220.82K | (m) | (m) | (m) | (m) | (m) |
| 2015-09-30 | $681.24K | (m) | $19.55K | $41.96K | (m) | (m) | (m) | (m) | (m) |
| 2015-06-30 | $692.57K | (m) | $17.35K | $29.23K | (m) | (m) | (m) | (m) | (m) |
| 2015-03-31 | $677.51K | (m) | $20.64K | $127.53K | (m) | (m) | (m) | (m) | (m) |
| 2014-12-31 | $665.00K | (m) | $18.41K | $913.47K | (m) | (m) | (m) | (m) | (m) |
| 2014-09-30 | $663.49K | (m) | $18.72K | $1.32M | (m) | (m) | (m) | (m) | (m) |
| 2014-06-30 | $644.21K | (m) | $19.03K | $1.30M | (m) | (m) | (m) | (m) | (m) |
| 2014-03-31 | $620.14K | (m) | $13.84K | $1.41M | (m) | (m) | (m) | (m) | (m) |
| 2013-12-31 | $649.33K | (m) | $13.91K | $920.13K | (m) | (m) | (m) | (m) | (m) |
| 2013-09-30 | $635.40K | (m) | $14.57K | $815.37K | (m) | (m) | (m) | (m) | (m) |
| 2013-06-30 | $626.72K | (m) | $15.23K | $992.27K | (m) | (m) | (m) | (m) | (m) |
| 2013-03-31 | $626.58K | (m) | $16.02K | $955.43K | (m) | (m) | (m) | (m) | (m) |
| 2012-12-31 | $629.78K | (m) | $17.82K | $1.03M | (m) | (m) | (m) | (m) | (m) |
| 2012-09-30 | $615.48K | (m) | $20.58K | $864.36K | (m) | (m) | (m) | (m) | (m) |
| 2012-06-30 | $603.84K | (m) | $23.01K | $822.21K | (m) | (m) | (m) | (m) | (m) |
| 2012-03-31 | $588.06K | (m) | $24.98K | $906.36K | (m) | (m) | (m) | (m) | (m) |
| 2011-12-31 | $512.26K | (m) | $26.69K | $1.03M | (m) | (m) | (m) | (m) | (m) |
| 2011-09-30 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2011-06-30 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2011-03-31 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2010-12-31 | $695.59K | (m) | $29.42K | $1.53M | (m) | (m) | (m) | (m) | (m) |
| 2010-09-30 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2010-06-30 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
(m) means missing inputs. Historical market-based ratios use the saved close on or immediately before period ending and that period’s reported shares; current quotes are not substituted. Five-year projections repeat historical CAGR, not analyst forecasts.
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