TeraWulf Inc. (WULF)财务
NASDAQ · Financial Services · Financial - Capital Markets · 员工141人 · CEO Paul Prager
- 股价
- $11.73 -8.00%
- 市值
- $58.5亿
- 企业价值
- $84.7亿
- 最近财报
- Q2 '26 2026-08-05提交
- 下次财报
- 2026-11-06 EPS预期 -$0.18
营收(TTM)$1.65亿+14.6% 对比去年同期最近4个季度;柱状图=各季度
营业利润率(TTM)-228.5%-133.4 百分点 对比去年同期营业利润 -$3.77亿
净利润(TTM)-$19.5亿-1,379.8% 对比去年同期税后,含营业外收益
自由现金流(TTM)-$25亿-456.5% 对比去年同期资本支出 $22.3亿
稀释EPS(TTM)-$4.40-1,193.4% 对比去年同期最近4个季度之和
净现金-$26.2亿-537.0% 对比去年同期现金 + 短期投资 - 债务
估值与关键数据
- 市值
- $58.5亿 EV $84.7亿
- 营收
- $1.65亿 过去12个月
- 营收增速
- +52% FY2026年一致预期
- 净利润率
- -1,179.9% 净利润 / 营收,TTM
- P/E
- -2.7× 预期 -3.5×(FY2026)
- P/S
- 35.4× 股价 / 营收,TTM
- EV / EBITDA
- -9.6× TTM
- 自由现金流
- -$25亿 过去12个月
- 净利润
- -$19.5亿 过去12个月
- 营收预期
- $2.56亿 FY2026年一致预期
- 盈利
- 2026-11-06 营收预期 $6250万
- 股息
- – 无股息
核心要点
根据披露数据计算,每条结论都附有其依据的数字。
- 最近财报(2026-08-05):营收低于预期2.7%,EPS 低于预期696.2%营收$4480万,预期$4600万(-2.7%);EPS -$1.94,预期-$0.24(-696.2%)。
- 营收增长放缓:同比-6.0%Q2 '26营收$4480万,此前四个季度的平均值为30.5%。
- 营业利润率-228.5%(TTM),较去年同期-133.4 百分点营收增长14.6%,营业利润增长-175.6%。
- 资本支出占营收的1,347.0%(去年为269.3%)最近4个季度投入$22.3亿(同比+473.5%)。自由现金流-$25亿。
- 稀释股数一年内增加25.5%Q2 '26稀释股数4.86亿,一年前为3.87亿。
- 净债务 $26.2亿现金 + 短期投资 $26.2亿,含租赁债务 $52.4亿;一年前净债务 $4.11亿。
上一季度:Q2 '26
截至2026-06-30的季度。与去年同期及财报发布前的分析师一致预期对比。
本季度与去年同期
| Q2 '26 | 去年同期 | 变化 | |
|---|---|---|---|
| 营收 | $4480万 | $4760万 | -6.0% |
| 毛利率 | 72.3% | 53.6% | +18.7 百分点 |
| 营业利润 | -$1.4亿 | -$1020万 | -1,282.5% |
| 营业利润率 | -313.7% | -21.3% | -292.4 百分点 |
| 净利润 | -$9.4亿 | -$1840万 | -5,016.6% |
| 稀释EPS | -$1.94 | -$0.05 | -3,984.2% |
| 经营现金流 | -$1.37亿 | -$5480万 | -149.4% |
| 资本支出 | $8.56亿 | $1.2亿 | +613.3% |
| 自由现金流 | -$9.92亿 | -$1.75亿 | -467.8% |
| R&D | $0 | $0 | – |
| 股权激励费用 | $8390万 | $130万 | +6,337.0% |
实际 vs 一致预期
2026-08-05| 实际 | 一致预期 | 对比预期 | |
|---|---|---|---|
| 营收 | $4480万 | $4600万 | -2.7% |
| EPS(一致预期口径) | -$1.94 | -$0.24 | -696.2% |
来自2026-08-05发布的Q2 '26财报：营收及分析师预期口径的EPS（通常为调整后），可能与上方报表中的EPS不同。
EPS与一致预期
最近8次财报营收
收入从何而来,按业务线和地区逐季展示。
营收、营业利润与增速
季度按业务线划分的营收
堆叠,季度| 分部 | Q3 '22 | 同比 | 占比 | TTM | TTM同比 | 12个季度 |
|---|---|---|---|---|---|---|
| Cryptocurrency | $242万 | – | 100.0% | – | – | |
| Domestic | – | – | – | – | – | |
| Export | – | – | – | – | – | |
| Company Imaging | – | – | – | – | – | |
| Digital Texturing | – | – | – | – | – | |
| Micro Machining | – | – | – | – | – |
按地区划分的营收
占总额比例| 分部 | Q3 '22 | 同比 | 占比 | TTM | TTM同比 | 12个季度 |
|---|---|---|---|---|---|---|
| Domestic | $199万 | +9.6% | 100.0% | $715万 | -0.5% |
利润率与成本结构
每一单位营收在各层级还剩多少,成本又花在哪里。
利润率
季度成本占营收比例
季度现金流与资本配置
创造了多少现金,用在何处,又有多少回到股东手中。
经营现金流、资本支出、自由现金流
季度现金用途与经营现金流
财年最近4个季度
现金流量表- 经营现金流
- -$2.79亿
- 资本支出
- -$22.3亿
- 股票回购
- -$1.01亿
- 股息
- $0
- 收购
- -$2.75亿
- 债务净发行
- $50.9亿
- 股权激励费用
- $1.58亿
- 自由现金流
- -$25亿
- 股东回报 / FCF
- -4.0%
股数与EPS
季度,稀释资产负债表
各季度末的流动性、投资和债务。
现金、投资与债务
季度末估值与回报
当前估值倍数与公司自身过去五个财年对比;分析师目标价与评级。
估值倍数与回报
TTM与过去5个财年| 当前 | 5年均值 | 当前处于5年区间的位置 | |
|---|---|---|---|
| P/E(TTM) | -2.7× | – | – |
| EV / EBITDA | -9.6× | 3,564.7× 5年中的1年 | 3,564.7× – 3,564.7× |
| EV / 营收 | 51.3× | 19.0× 5年中的4年 | 8.3× – 38.6× |
| 股价 / FCF | -2.3× | – | – |
| 股价 / 净资产 | 38.7× | 10.8× | 0.6× – 32.5× |
| FCF收益率 | -42.8% | -41.9% | -144.2% – -10.4% |
| 投入资本回报率 | -6.9% | -11.3% | -19.5% – -3.2% |
| 净资产收益率 | -1,708.7% | -137.7% | -470.9% – -29.6% |
分析师
一致目标价 $35.17 (+199.8%)
区间 $15.00 – $72.00 · 评级 Buy
强烈买入0
买入14
持有0
卖出0
强烈卖出0
展望
分析师对未来财年的一致预期,以及按当前股价意味着什么。
一致预期
| 财年 | 营收 | 增速 | EPS | 增速 | 按当前股价的P/E | 分析师(EPS) |
|---|---|---|---|---|---|---|
| FY2026 | $2.56亿 | +52.2% | -$3.33 | -100.4% | -3.5× | 7 |
| FY2027 | $8.53亿 | +232.7% | -$0.29 | +91.2% | -40.0× | 8 |
| FY2028 | $16.8亿 | +97.4% | $0.31 | +207.2% | 37.4× | 11 |
| FY2029 | $25亿 | +48.6% | $0.40 | +27.7% | 29.3× | 4 |
| FY2030 | $40.3亿 | +60.9% | $1.08 | +169.4% | 10.9× | 4 |
财务报表
利润表、资产负债表和现金流量表的每一项,含12个季度和10个财年,以金额、占营收比例或增速展示。
全部披露项目
TeraWulf Inc.在近期10-Q / 10-K文件中标记的全部305项数据,附SEC官方标签和定义,包括附注(租赁、税务、回购、员工等)。
| 项目(SEC标签) | 最近季度 | 去年同期 | 同比 | 最近财年 | 上一财年 | 同比 |
|---|---|---|---|---|---|---|
| Accounts and Other Receivables, Net, Current | $340万2025-12-31 | $380万 | -10.6% | $340万 | $380万 | -10.6% |
| Accounts Payable, Current | $1.98亿 | $3880万 | +409.4% | $6510万 | $2440万 | +167.2% |
| Accounts Receivable, after Allowance for Credit Loss, Current | $1320万 | $117万 | +1,026.5% | $121万 | $47.5万 | +155.2% |
| Accrued Employee Benefits, Current | $172万2025-12-31 | $455万 | -62.3% | $172万 | $455万 | -62.3% |
| Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment | $1.52亿 | $9110万 | +66.9% | $1.32亿 | $6610万 | +99.4% |
| Additional Paid in Capital | $26.6亿 | $7.28亿 | +264.8% | $12.9亿 | $6.85亿 | +87.5% |
| Adjustments to Additional Paid in Capital, Convertible Debt with Conversion Feature | $02025-12-31 | – | – | $5.11亿 | – | – |
| Adjustments to Additional Paid in Capital, Warrant Issued | – | – | – | $1500万2023-12-31 | $570万 | +163.0% |
| Amortization of Debt Issuance Costs and Discounts | $2030万2026-03-31 | – | – | $1140万2024-12-31 | $2120万 | -46.2% |
| Asset Retirement Obligation | $1650万 | – | – | – | – | – |
| Asset Retirement Obligation, Accretion Expense | $20万 | $0 | – | – | – | – |
| Asset Retirement Obligation, Current | $1310万 | – | – | – | – | – |
| Asset Retirement Obligation, Liabilities Incurred | $69.2万 | – | – | – | – | – |
| Asset Retirement Obligations, Noncurrent | $340万 | – | – | – | – | – |
| Assets | $80.5亿 | $8.69亿 | +825.7% | $65.6亿 | $7.88亿 | +732.8% |
| Assets, Current | $28.1亿 | $9910万 | +2,731.6% | $34.8亿 | $2.81亿 | +1,135.9% |
| Business Combination, Contingent Consideration Arrangements, Change in Amount of Contingent Consideration, Liability | $0 | $160万 | -100.0% | $1040万 | $0 | – |
| Business Combination, Contingent Consideration, Liability, Current | – | – | – | $02023-12-31 | $1090万 | -100.0% |
| Capital Expenditures Incurred but Not yet Paid | $0 | $0 | – | – | – | – |
| Cash and Cash Equivalents, at Carrying Value | $26.2亿 | $9000万 | +2,810.4% | $32.7亿 | $2.74亿 | +1,091.8% |
| Cash Provided by (Used in) Operating Activities, Discontinued Operations | – | – | – | $0 | $0 | – |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $30.3亿 | $9140万 | +3,212.9% | $37.2亿 | $2.74亿 | +1,258.4% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | -$6410万 | -$1.27亿 | +49.4% | $34.5亿 | $2.2亿 | +1,470.3% |
| Cash, FDIC Insured Amount | $25万 | – | – | $25万 | – | – |
| Cash, Uninsured Amount | $29.6亿 | $690万 | +42,826.1% | $36.5亿 | $470万 | +77,538.3% |
| Class of Warrant or Right, Exercise Price of Warrants or Rights | $0.10 | $1.38 | -92.8% | $0.21 | $1.38 | -84.8% |
| Class of Warrant or Right, Number of Securities Called by Warrants or Rights | – | – | – | 846万2022-12-31 | – | – |
| Class of Warrant or Right, Outstanding | 7770万 | 1730万 | +350.0% | 8460万 | 1730万 | +389.8% |
| Common Stock, Dividends, Per Share, Declared | $0.00 | $0.00 | – | $0.00 | $0.00 | – |
| Common Stock, Par or Stated Value Per Share | $0.00 | $0.00 | 0.0% | $0.00 | $0.00 | 0.0% |
| Common Stock, Shares Authorized | 9.5亿 | 6亿 | +58.3% | 9.5亿 | 6亿 | +58.3% |
| Common Stock, Shares, Issued | 5.23亿 | 4.15亿 | +26.1% | 4.45亿 | 4.04亿 | +10.0% |
| Common Stock, Shares, Outstanding | 4.99亿 | 4.15亿 | +20.3% | 4.2亿 | 3.86亿 | +8.9% |
| Common Stock, Value, Issued | $52.3万 | $41.5万 | +26.0% | $44.4万 | $40.4万 | +9.9% |
| Contractual Obligation | $1120万 | – | – | – | – | – |
| Conversion of Stock, Amount Converted | – | – | – | $927万 | $0 | – |
| Convertible Debt | $11亿 | $4.89亿 | +125.5% | $15.8亿 | $4.88亿 | +224.7% |
| Convertible Debt, Current | $4.9亿2026-03-31 | $0 | – | $4.9亿 | $0 | – |
| Convertible Debt, Noncurrent | $16亿2026-03-31 | $4.88亿 | +227.2% | $15.8亿 | $4.88亿 | +224.7% |
| Convertible Preferred Stock, Shares Issued upon Conversion | 140万2025-09-30 | 120万 | +16.7% | 130万2024-12-31 | 110万 | +18.2% |
| Cost of Goods and Services Sold | $1240万 | $2210万 | -43.9% | $8270万 | $6260万 | +32.0% |
| Cost, Depreciation | $2120万 | $1880万 | +12.8% | $8860万 | $5980万 | +48.2% |
| Costs and Expenses | $1.85亿 | $6320万 | +192.9% | $3.55亿 | $2.16亿 | +64.0% |
| CryptoAssetCost | $13.5万 | $0 | – | – | – | – |
| CryptoAssetFairValue | $13.3万 | $0 | – | – | – | – |
| CryptoAssetFairValueCurrent | $13.3万 | $0 | – | $27万 | $47.6万 | -43.3% |
| CryptoAssetNumberOfUnits | 2 bitcoin | 0 bitcoin | – | – | – | – |
| CryptoAssetRealizedAndUnrealizedGainLossOperating | -$80万 | $90万 | -188.9% | – | – | – |
| CryptoAssetRealizedGainLossOperating | – | – | – | $0 | $0 | – |
| CryptoAssetUnrealizedGainLossOperating | -$79.9万 | $88.7万 | -190.1% | -$61.2万 | $220万 | -127.8% |
| Cumulative Dividends | $400万2025-09-30 | $270万 | +48.1% | $300万2024-12-31 | $190万 | +57.9% |
| Current Federal Tax Expense (Benefit) | – | – | – | $0 | $0 | – |
| Current Foreign Tax Expense (Benefit) | – | – | – | $0 | $0 | – |
| Current Income Tax Expense (Benefit) | – | – | – | $0 | $0 | – |
| Current State and Local Tax Expense (Benefit) | – | – | – | $0 | $0 | – |
| Debt Conversion, Converted Instrument, Amount | – | – | – | $0 | $0 | – |
| Debt Instrument, Unamortized Discount (Premium) and Debt Issuance Costs, Net | $9620万2026-03-31 | – | – | $1.01亿 | $0 | – |
| Debt Issuance Costs, Net | $143万2026-03-31 | – | – | $8.5万2020-12-31 | $9.6万 | -11.5% |
| Deferred Costs, Noncurrent | $5.73亿 | – | – | $5.73亿 | $0 | – |
| Deferred Federal Income Tax Expense (Benefit) | – | – | – | $7.3万 | $0 | – |
来源:SEC companyfacts(每份10-Q / 10-K的XBRL)。现金流量表的季度数据由10-Q标记的年初至今累计数推算。分部拆分带有维度标记,在分部章节中单独展示。
数据来源
报表、分部营收、指标和预期均根据公司文件标准化。分部利润及全部披露项目:SEC EDGAR(XBRL)。 已读取的文件: 10-Q 2026-06-30, 10-Q 2026-03-31, 10-K 2025-12-31, 10-Q 2025-09-30, 10-Q 2025-06-30, 10-Q 2025-03-31, 10-K 2024-12-31, 10-Q 2024-09-30, 10-Q 2024-06-30
数据截至 2026-11-02