Estados financieros detallados de TeraWulf Inc. (WULF): cuenta de resultados, balance general y flujo de caja. Sigue la evolución de márgenes, deuda, liquidez y rentabilidad año a año con hasta 20 años de histórico.
Resumen del Análisis
TeraWulf Inc. registró ingresos de $168.5M en el último ejercicio fiscal, con un CAGR de 5 años del 65.8%.
Márgenes de los últimos 12 meses: margen bruto 69.3%, margen operativo -228.5%, margen neto -11.8%.
Al precio actual de $15.39, WULF presenta beneficios negativos (P/E no significativo) y un ROE del -17.09%. La capitalización bursátil es de $7.6B.
Cuenta de Resultados (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ingresos | $17.6M | $17.2M | $18.2M | $17.6M | $13.4M | 0 | $15.0M | $69.2M | $140.1M | $168.5M |
| Coste de Ventas | $11.3M | $11.5M | $12.0M | $12.2M | $9.5M | $52000 | $11.1M | $27.3M | $62.6M | $82.7M |
| Beneficio Bruto | $6.2M | $5.7M | $6.3M | $5.4M | $3.9M | -$52000 | $4.0M | $41.9M | $77.4M | $85.8M |
| I+D | $647065 | $688688 | $677242 | $777279 | $671493 | 0 | 0 | 0 | 0 | 0 |
| Generales y Administrativos | $5.6M | $5.5M | $5.4M | $5.5M | $4.7M | $43.3M | $36.0M | $41.9M | $70.6M | $147.8M |
| Gastos Operativos | $6.3M | $6.2M | $6.0M | $6.3M | $5.3M | $43.3M | $47.7M | $71.3M | $153.7M | $256.1M |
| Beneficio Operativo | -$22000 | -$464610 | $225820 | -$863680 | -$1.4M | -$43.4M | -$43.7M | -$29.4M | -$76.2M | -$170.3M |
| EBITDA | $783696 | $434073 | $1.1M | -$223630 | $135294 | -$43.3M | -$38.8M | $161000 | -$17.4M | -$483.9M |
| Gastos por Intereses | $58222 | $83080 | $90583 | $90058 | $2.5M | $2.3M | $24.7M | $34.8M | $19.8M | $80.2M |
| Beneficio Antes de Impuestos | -$69061 | -$524147 | $185465 | -$985558 | -$649320 | -$47.2M | -$86.2M | -$73.3M | -$98.4M | -$661.3M |
| Impuestos | -$4000 | -$298000 | $46000 | -$172000 | -$210000 | -$615000 | -$256000 | 0 | -$26.0M | $76000 |
| Beneficio Neto | -$65060 | -$226147 | $139465 | -$813558 | -$439320 | -$95.7M | -$90.8M | -$73.4M | -$72.4M | -$661.4M |
| BPA | $-0.03 | $-0.11 | $0.07 | $-0.41 | $-0.22 | $-1.12 | $-0.83 | $-0.35 | $-0.21 | $-1.66 |
| BPA Diluido | $-0.03 | $-0.11 | $0.07 | $-0.41 | $-0.22 | $-1.12 | $-0.83 | $-0.35 | $-0.21 | $-1.66 |
| Acciones en Circulación (Diluidas) | $2.0M | $2.0M | $2.0M | $2.0M | $2.0M | $85.2M | $110.6M | $210.0M | $351.3M | $397.6M |
Balance (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Caja y Equivalentes | $1.0M | $929700 | $1.6M | $963649 | $6.3M | $46.5M | $1.3M | $54.4M | $274.1M | $3.27B |
| Inversiones a Corto | $3.2M | $2.9M | $2.7M | $2.2M | 0 | 0 | 0 | 0 | $476000 | 0 |
| Cuentas por Cobrar | $2.4M | $2.2M | $2.2M | $2.4M | 0 | 0 | 0 | $1.0M | $4.3M | $4.6M |
| Inventario | $2.0M | $2.1M | $2.0M | $2.2M | 0 | 0 | 0 | 0 | 0 | 0 |
| Activos Corrientes | $9.0M | $8.3M | $9.0M | $8.7M | $6.3M | $68.1M | $14.1M | $62.6M | $281.4M | $3.48B |
| Inmovilizado Material | $8.9M | $8.3M | $8.1M | $7.9M | $21.9M | $92.5M | $203.5M | $216.2M | $505.1M | $1.73B |
| Fondo de Comercio | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | $55.5M |
| Activos Intangibles | 0 | $351186 | $376406 | $271369 | 0 | 0 | 0 | 0 | 0 | 0 |
| Activos Totales | $18.3M | $16.9M | $17.4M | $16.9M | $30.0M | $264.9M | $317.7M | $378.1M | $787.5M | $6.56B |
| Cuentas por Pagar | $730386 | $321860 | $647528 | $761641 | $38000 | $11.8M | $21.9M | $15.2M | $24.4M | $65.1M |
| Deuda a Corto | $127303 | $130898 | $129282 | $133287 | 0 | $88000 | $55.4M | $123.5M | 0 | $536.1M |
| Pasivos Corrientes | $1.3M | $875781 | $1.3M | $1.9M | $1.7M | $45.9M | $126.0M | $154.7M | $51.8M | $1.74B |
| Deuda a Largo | $3.1M | $2.9M | $2.8M | $2.7M | $94.6M | $94.6M | $73.0M | $56000 | $487.5M | $4.64B |
| Pasivos Totales | $4.8M | $4.0M | $4.3M | $4.6M | $1.7M | $141.7M | $199.9M | $155.6M | $543.1M | $6.42B |
| Reservas | $10.5M | $10.1M | $10.2M | $9.3M | -$1.7M | -$95.7M | -$186.5M | -$259.9M | -$332.3M | -$993.7M |
| Patrimonio Neto | $13.5M | $13.0M | $13.1M | $12.3M | $28.3M | $123.2M | $117.8M | $222.5M | $244.4M | $140.4M |
| Deuda Total | $3.2M | $3.1M | $3.0M | $2.8M | $95.7M | $95.7M | $129.3M | $124.5M | $491.2M | $5.20B |
| Deuda Neta | -$1.1M | -$747283 | -$1.4M | -$347005 | $89.4M | $49.3M | $128.0M | $70.0M | $217.2M | $1.93B |
| Capital Circulante | $7.7M | $7.4M | $7.7M | $6.8M | $4.6M | $22.2M | -$111.9M | -$92.1M | $229.6M | $1.74B |
Flujo de Caja (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Beneficio Neto | -$65060 | -$226147 | $139465 | -$813558 | -$10.1M | -$46.6M | -$90.8M | -$73.4M | -$72.4M | -$661.4M |
| Amortizaciones | $794540 | $836877 | $795319 | $671866 | $698054 | $52000 | $7.0M | $29.4M | $61.2M | $110.8M |
| Compensación en Acciones | $25007 | $23561 | $13634 | $8821 | $13.6M | 0 | $1.6M | $5.9M | $30.9M | $50.9M |
| Cambio en Capital Circulante | $107211 | -$137178 | $236117 | -$256656 | $520389 | $11.0M | $13.2M | -$10.6M | -$10.1M | $71.4M |
| Flujo de Caja Operativo | $916947 | $204689 | $1.2M | -$477031 | -$398828 | -$24.1M | -$34.1M | $4.3M | -$24.4M | -$123.2M |
| Inversiones (CapEx) | -$2.1M | -$269066 | -$593115 | -$498018 | -$164826 | -$109.1M | -$72.9M | -$75.2M | -$267.9M | -$1.06B |
| Adquisiciones | $21000 | $32634 | 0 | $15596 | $18297 | -$10.3M | -$46.2M | -$2.8M | $23.3M | -$10.1M |
| Recompra de Acciones | 0 | -$300466 | 0 | -$49595 | 0 | 0 | 0 | 0 | -$118.2M | -$33.3M |
| Dividendos Pagados | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Flujo de Caja Libre | -$1.2M | -$64377 | $631650 | -$975049 | -$563654 | -$133.2M | -$106.9M | -$70.9M | -$292.4M | -$1.18B |
Crecimiento y Márgenes (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Crecimiento Ingresos (anual) | -1.9% | +5.6% | -3.3% | -23.8% | -100.0% | +360.5% | +102.3% | +20.3% | ||
| Crecimiento Beneficio Neto (anual) | -247.6% | +161.7% | -683.3% | +46.0% | -21679.8% | +5.1% | +19.1% | +1.4% | -813.3% | |
| Crecimiento BPA (anual) | -241.6% | +163.9% | -683.2% | +46.3% | -409.1% | +25.9% | +57.8% | +40.0% | -690.5% | |
| Cambio en Acciones (anual) | -0.5% | -1.2% | -0.2% | -0.2% | +4211.0% | +29.9% | +89.8% | +67.3% | +13.2% | |
| Crecimiento FCF (anual) | +94.5% | +1081.2% | -254.4% | +42.2% | -23526.4% | +19.7% | +33.7% | -312.3% | -304.8% | |
| Margen Bruto | 35.5% | 33.2% | 34.3% | 30.6% | 29.1% | 26.3% | 60.5% | 55.3% | 50.9% | |
| Margen Operativo | -0.1% | -2.7% | 1.2% | -4.9% | -10.6% | -291.0% | -42.5% | -54.4% | -101.1% | |
| Margen EBITDA | 4.5% | 2.5% | 5.9% | -1.3% | 1.0% | -258.3% | 0.2% | -12.4% | -287.3% | |
| Margen Neto | -0.4% | -1.3% | 0.8% | -4.6% | -3.3% | -603.9% | -106.1% | -51.7% | -392.6% | |
| Margen FCF | -6.7% | -0.4% | 3.5% | -5.5% | -4.2% | -711.3% | -102.4% | -208.8% | -702.5% | |
| Tasa Impositiva Efectiva | 5.8% | 56.9% | 24.8% | 17.5% | 32.3% | 1.3% | 0.3% | -0.0% | 26.4% | -0.0% |
Datos por Acción (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| FCF por Acción | $-0.58 | $-0.03 | $0.32 | $-0.49 | $-0.29 | $-1.56 | $-0.97 | $-0.34 | $-0.83 | $-2.98 |
| Dividendo por Acción | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Acciones en Circulación (Básicas) | $2.0M | $2.0M | $2.0M | $2.0M | $2.0M | $85.2M | $110.6M | $210.0M | $351.3M | $397.6M |
Qué mirar en Servicios Financieros
Asset managers, brokers, fintech, bolsas. No son bancos — mira AUM, comisiones y calidad del FCF.
- Crecimiento ingresos 5y — Sin crecimiento, no hay creación de valor a largo plazo
- Margen operativo — Los buenos asset managers tienen márgenes >30% por escalabilidad
- ROE — Servicios financieros de calidad tienen ROE >15% consistente
- FCF / Net Income — Calidad del beneficio — >90% esperado en negocios ligeros en capital
- Debt / Equity — Fintech y brokers con D/E alto son bombas de relojería en crisis
- P/E vs 5y propio — Asset managers tienen múltiplos estables en rangos conocidos
- Dividend yield + buybacks — Estos negocios devuelven mucho capital — mirar yield total (div + recompras)
Rentabilidad
| Rentabilidad sobre capital | -1708.70% |
| Rentabilidad sobre capital invertido | -6.89% |
| Rentabilidad sobre activos | -24.22% |
| Margen bruto | 69.26% |
| Margen operativo | -228.47% |
| Margen neto | -1179.94% |
Salud financiera
| Deuda / Patrimonio | 35.56 |
| Ratio corriente | 0.75 |
| Piotroski F-Score | 1 |
| Altman Z-Score | 0.47 |
Ratios Clave (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| P/E | -349.38 | -68.36 | 119.91 | -13.05 | -45.32 | -13.44 | -0.81 | -6.86 | -26.95 | -6.92 |
| P/VC | 1.69 | 1.17 | 1.28 | 0.86 | 0.70 | 10.41 | 0.63 | 2.26 | 8.13 | 32.53 |
| P/V | 1.29 | 0.88 | 0.92 | 0.60 | 1.47 | 0.00 | 4.93 | 7.28 | 14.20 | 27.12 |
| Margen Bruto | 35.5% | 33.2% | 34.3% | 30.6% | 29.1% | 0.0% | 26.3% | 60.5% | 55.3% | 50.9% |
| Margen Operativo | -0.1% | -2.7% | 1.2% | -4.9% | -10.6% | 0.0% | -291.0% | -42.5% | -54.4% | -101.1% |
| Margen Neto | -0.4% | -1.3% | 0.8% | -4.6% | -3.3% | 0.0% | -603.9% | -106.1% | -51.7% | -392.6% |
Empresas relacionadas: CIFR · HUT · MC · MKTX · PFSI · PIPR · RIOT
Explorar sector: Financial Services · Financial - Capital Markets
Más secciones de WULF: Resumen · Valoración · Estadísticas · Estimaciones · Técnico · Propiedad · Noticias · Eventos
Descubre más: Radar — señales de acciones infravaloradas · Academia de Inversión — aprende a analizar acciones