TeraWulf Inc.(WULF)Earnings, Financials & Key Ratios
WULF•NASDAQ
$20.24
Price updated Jul 7, 2026
AboutTeraWulf Inc., together with its subsidiaries, operates as a digital asset technology company in the United States. It develops, owns, and operates bitcoin mining facility sites. The company operates two bitcoin mining facility sites located in New York and Pennsylvania. TeraWulf Inc. is based in Easton, Maryland.Show more
- EBITDA-$77M-413.8%
- Net Income-$661M-813.3%
- EPS (Diluted)-1.66-690.5%
- Gross Margin50.93%-7.9%
- EBITDA Margin-45.86%-327.2%
- Operating Margin-101.1%-85.8%
- Net Margin-392.64%-659.3%
- ROE-343.69%-1008.0%
WULF Price & Volume
TeraWulf Inc. (WULF) stock price & volume — 10-year historical chart
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Aggressive Infrastructure Expansion Masks Structural Equity Erosion
Investment Thesis • Updated 2026Q1
VerdictNegative
Growth:Mixed
Profitability:Negative
Financial:Vulnerable
Cash Flow:Burning
Primary Risk:Capital structure and dilution
Key Thesis Takeaways
- TeraWulf's business model is characterized by extreme capital intensity, as evidenced by a $523.0M quarterly CapEx spend that significantly outpaces revenue generation.
- The company faces severe solvency risks, highlighted by a shift to negative equity of -$78.8M and a massive debt load of $5.3B as of 2026Q1.
- Investors should remain cautious as the firm's reliance on external financing and potential asset misclassifications obscure the true sustainability of its mining operations.
Verdict Logic
the company's inability to generate positive free cash flow, combined with a massive $5.3B debt burden and negative equity, suggests a highly precarious financial position for shareholders.
WULF Growth Metrics
TeraWulf Inc. (WULF) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years25.37%
5 Years65.83%
3 Years123.78%
TTM-
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM-727.25%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM-670.35%
Return on Capital
10 Years-10.63%
5 Years-18.52%
3 Years-12.07%
Last Year-6.13%
WULF Recent Earnings
TeraWulf Inc. (WULF) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 0/12 qtrs (0%)●Beat Revenue 2/12 qtrs (17%)
Q2 2026Latest
May 8, 2026Metric
Actual
Est
EPS
$1.01-429.0%
$0.19
Rev
$34M-2.0%
$35M
Q1 2026
Feb 26, 2026Metric
Actual
Est
EPS
$0.28-115.4%
$0.13
Rev
$36M-19.4%
$45M
Q4 2025
Nov 10, 2025Metric
Actual
Est
EPS
$0.07-60.4%
$0.04
Rev
$51M-4.6%
$53M
Q3 2025
Aug 8, 2025Metric
Actual
Est
EPS
$0.05-25.0%
$0.04
Rev
$48M+0.7%
$47M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 8, 2026 | $1.01vs $0.19-429.0% | $34Mvs $35M-2.0% |
| Q1 2026 | Feb 26, 2026 | $0.28vs $0.13-115.4% | $36Mvs $45M-19.4% |
| Q4 2025 | Nov 10, 2025 | $0.07vs $0.04-60.4% | $51Mvs $53M-4.6% |
| Q3 2025 | Aug 8, 2025 | $0.05vs $0.04-25.0% | $48Mvs $47M+0.7% |
Based on last 12 quarters of dataView full earnings history →
Latest WULF News
Recent stock market news and headlines for TeraWulf Inc. (WULF)
The Motley Fool·1 day ago
Stock Market Today, July 6: TeraWulf Gains on $19 Billion Anthropic AI Lease DealToday, July 6, 2026, the Bitcoin miner pivots toward long-term AI infrastructure revenue through a 20-year contracted partnership.
24/7 Wall Street·1 day ago
TeraWulf Stock Is Up 95% This Year: Here's WhyShares of TeraWulf (NASDAQ:WULF) extended a powerful rally on Monday afternoon, separating the stock from its
Schaeffers Research·1 day ago
Terawulf Stock Surges After Kentucky Data Center Deal With AnthropicTerawulf Inc (NASDAQ:WULF) is up 7.5% to trade at $22.74 this afternoon, set to snap a seven-day losing streak, thanks to its newly penned deal with Anthropic.
Proactive Investors·1 day ago
TeraWulf shares surge on $19B Anthropic AI infrastructure lease dealTeraWulf (NASDAQ:WULF) shares rose 13% on Monday after the company announced a long-term artificial intelligence infrastructure lease with Anthropic alongside the sale of a majority stake in a joint venture, moves that significantly expand contracted revenue while recycling capital into new development projects. The digital infrastructure company said it has signed a 20-year lease agreement with Anthropic for capacity at its Justified Data Campus in Hawesville, Kentucky.
Peers Comparison
Key metrics vs top competitors for TeraWulf Inc. (WULF)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $20.24 | $8.26B | -12.19 | 20.28% | -392.64% | -343.69% | — | |
| $12.05 | $4.59B | -3.27 | 38.2% | -234.83% | -51.65% | — | |
| $21.17 | $8.03B | -10.86 | 71.89% | -132.76% | -28.78% | — | |
| $12.48 | $3.2B | 11.14 | 102.21% | -67.66% | -29.93% | — | |
| $20.47 | $8.31B | -9.52 | 48.04% | -512.96% | -115.53% | — | |
| $39.82 | $14.21B | 102.09 | 167.65% | 31.71% | 9.12% | — |
Compare WULF vs Peers
TeraWulf Inc. (WULF) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
WULF SEC Filings & Documents
TeraWulf Inc. (WULF) SEC filings — annual & quarterly reports (10-K, 10-Q)
8-K Announcements
6Material company update
May 8, 2026·SEC
Material company update
Apr 16, 2026·SEC
Material company update
Apr 15, 2026·SEC
10-K Annual Reports
210-Q Quarterly Reports
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WULF Frequently Asked Questions
TeraWulf Inc. (WULF) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is TeraWulf Inc.'s revenue?
TeraWulf Inc. (WULF) reported $168.1M in revenue for fiscal year 2025.
How fast is TeraWulf Inc. growing?
TeraWulf Inc. (WULF) grew revenue by 20.3% over the past year. This is strong growth.
Is WULF profitable?
TeraWulf Inc. (WULF) reported a net loss of $1.03B for fiscal year 2025.
Dividend & Returns
What is WULF's return on equity?
TeraWulf Inc. (WULF) has a return on equity (ROE) of -343.7%. Negative ROE indicates the company is unprofitable.
What is TeraWulf Inc.'s free cash flow?
TeraWulf Inc. (WULF) had negative free cash flow of $1.69B in fiscal year 2025, likely due to heavy capital investments.