TeraWulf
WULF
14.40
-0.57
-3.81%
TeraWulf
US · WULF
#1698 by market cap
Listed 1970
14.40
-0.57
-3.81%
Live - 5344 symbols - heartbeat 299s ago
· 2026-10-08 07:00
Pre-market
14.17
-1.60%
After-hours
14.52
+0.83%
Overnight
14.16
-1.67%
- Market cap
- 7.19B
- P/E (TTM)i
- -3.23
- P/Bi
- 48.81
- EPSi
- -1.66
- Div yieldi
- 0.00%
- 52W posi
- 20%
Reader sentiment
Are you bullish or bearish on WULF?
Anonymous reader poll. Unscientific, not investment advice.
✦ Quant Financial Health how this is computed
Weak
- Altman Z-Score is 0.72, below the 1.8 "distress zone" threshold.
- Most reliable for industrial/manufacturing companies; less meaningful for banks, insurers and other financials.
Revenue annual, last 6 years
Latest year +20.28% YoY
Margins
- Gross margin
- 50.93%
- Operating margin
- -101.10%
- Net margin
- -392.64%
Key ratios & quality
- Enterprise valuei
- 9.09B
- Altman Z-Scorei
- 0.72
Altman Z-Score below ~1.8 suggests financial distress risk, above ~3.0 suggests low risk; the model is most reliable for industrial/manufacturing companies and less meaningful for banks and other financial firms.
Income statement
| Line item | 2021 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Revenue | -- | 0 | 15.03M | 69.23M | 140.05M | 168.46M |
| Gross profit | -- | 0 | 3.95M | 41.91M | 77.44M | 85.79M |
| Selling & admin expenses | -- | 41.51M | 36.05M | 37.02M | 70.58M | 147.76M |
| Research & development | -- | -- | -- | -- | -- | -- |
| Operating profit | -- | -41.72M | -42.86M | -28.34M | -60.59M | -170.31M |
| Pretax profit | -- | -43.98M | -70.48M | -64.00M | -98.38M | -657.21M |
| Tax | -- | -615.00K | -256.00K | 0 | 0 | 76.00K |
| Net profit | -- | -94.01M | -90.79M | -73.42M | -72.42M | -661.42M |
| Basic EPS | -- | -1 | -1 | 0 | 0 | -2 |
| Diluted EPS | -- | -1.13 | -0.82 | -0.35 | -0.21 | -1.66 |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Revenue | 34.41M | 47.64M | 50.58M | 35.84M | 34.01M | 44.77M |
| Gross profit | 9.85M | 25.54M | 33.46M | 16.94M | 31.65M | 32.37M |
| Selling & admin expenses | 50.14M | 14.29M | 16.68M | 66.65M | 127.76M | 126.94M |
| Research & development | -- | -- | -- | -- | -- | -- |
| Operating profit | -59.63M | -10.16M | -13.89M | -86.63M | -136.45M | -140.05M |
| Pretax profit | -61.42M | -18.37M | -455.05M | -122.37M | -416.13M | -929.74M |
| Tax | 0 | 0 | 0 | 76.00K | 28.00K | 28.00K |
| Net profit | -61.42M | -18.37M | -455.05M | -126.58M | -427.70M | -940.83M |
| Basic EPS | 0 | 0 | -1 | 0 | -1 | -2 |
| Diluted EPS | -0.16 | -0.05 | -1.13 | -0.29 | -1.01 | -1.94 |
Balance sheet
| Line item | 2021 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Total current assets | -- | 68.05M | 14.14M | 62.59M | 281.43M | 3.48B |
| Cash & ST investments | -- | 43.45M | 1.28M | 54.44M | 274.07M | 3.27B |
| Inventory | -- | -- | -- | -- | -- | -- |
| Total assets | -- | 264.91M | 317.69M | 378.11M | 787.51M | 6.56B |
| Total current liabilities | -- | 45.86M | 126.02M | 154.66M | 51.85M | 1.74B |
| Short-term debt | -- | 88.00K | 55.40M | 123.51M | 27.00K | 538.10M |
| Long-term debt | -- | 94.63M | 72.97M | 56.00K | 487.50M | 4.64B |
| Total liabilities | -- | 141,732,000.00 | 199,933,000.00 | 155,617,000.00 | 543,066,000.00 | 6,417,737,000.00 |
| Total equity | -- | 123.18M | 117.75M | 222.49M | 244.45M | 140.45M |
| Retained earnings | -- | -95.68M | -186.47M | -259.90M | -332.28M | -993.69M |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Total current assets | 230.05M | 99.12M | 729.10M | 3.48B | 2.87B | 2.81B |
| Cash & ST investments | 218.16M | 89.99M | 711.32M | 3.27B | 2.63B | 2.62B |
| Inventory | -- | -- | -- | -- | -- | -- |
| Total assets | 841.16M | 869.41M | 2.45B | 6.56B | 7.01B | 8.05B |
| Total current liabilities | 120.93M | 151.30M | 705.85M | 1.74B | 2.38B | 3.76B |
| Short-term debt | 28.00K | 618.00K | 2.00M | 538.10M | 634.56M | 1.19B |
| Long-term debt | 488.11M | 488.72M | 1.06B | 4.64B | 4.66B | 4.02B |
| Total liabilities | 670,787,000.00 | 695,076,000.00 | 2,207,104,000.00 | 6,417,737,000.00 | 7,086,406,000.00 | 7,900,867,000.00 |
| Total equity | 170.38M | 174.33M | 247.34M | 140.45M | -77.62M | 147.53M |
| Retained earnings | -393.69M | -412.06M | -867.11M | -993.69M | -1.42B | -2.36B |
Cash flow
| Line item | 2021 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Operating cash flow | -- | -24.10M | -34.07M | 4.26M | -24.42M | -123.18M |
| Depreciation & amortization | -- | -- | 6.97M | 29.35M | 61.18M | 93.05M |
| Free cash flow | -- | -165.53M | -106.92M | -70.91M | -292.36M | -1.18B |
| Dividends paid | -- | -- | -- | -- | -- | -- |
| Stock buybacks / issuance | -- | 74.38M | 47.33M | 135.92M | 70.50M | -33.29M |
| Ending cash balance | -- | 46.46M | 8.32M | 54.44M | 274.07M | 3.72B |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Operating cash flow | 56.49M | -54.81M | -36.69M | -88.17M | -17.59M | -136.71M |
| Depreciation & amortization | 16.26M | 19.54M | 27.67M | 29.59M | 30.35M | 23.12M |
| Free cash flow | -37.20M | -174.75M | -268.26M | -703.16M | -540.55M | -992.27M |
| Dividends paid | -- | -- | -- | -- | -- | -- |
| Stock buybacks / issuance | -33.29M | 0 | 0 | 0 | 8.96M | 1.19B |
| Ending cash balance | 218.16M | 91.42M | 712.75M | 3.72B | 3.09B | 3.03B |
Returns & efficiency
| Line item | 2021 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| ROE %i | -- | -- | -79.06 | -46.31 | -32.30 | -352.18 |
| ROA %i | -- | -- | -31.44 | -21.41 | -12.43 | -18.01 |
| ROIC %i | -- | -- | -29.33 | -13.79 | -9.89 | -19.17 |
| 5-year avg ROE %i | -- | -- | -- | -- | -- | -- |
| EBIT margin %i | -- | -- | -304.66 | -42.16 | -56.11 | -342.50 |
| FCF / sales %i | -- | -- | -- | -- | -- | -- |
| Current ratioi | 3.63 | -- | 0.11 | 0.40 | 5.43 | 2.00 |
| Quick ratioi | 3.62 | -- | 0.01 | 0.36 | 5.37 | 1.88 |
| Debt / assetsi | 0.00 | -- | 40.70 | 32.92 | 62.38 | 79.23 |
| LT debt / equityi | -- | -- | 68.14 | 0.45 | 208.88 | 3,316.33 |
| Interest coveragei | -- | -- | -1.86 | -0.84 | -3.97 | -7.19 |
| Revenue CAGR (3Y) %i | -- | -- | -- | -- | -- | 123.78 |
| Net income CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| FCF CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| ROE %i | -58.57 | -48.60 | -187.56 | -352.18 | -2,496.43 | -1,248.10 |
| ROA %i | -20.09 | -19.53 | -39.44 | -18.01 | -26.18 | -43.71 |
| ROIC %i | -21.93 | -21.54 | -64.37 | -19.17 | -31.98 | -60.56 |
| 5-year avg ROE %i | -- | -- | -- | -- | -- | -- |
| EBIT margin %i | -100.07 | -97.27 | -337.54 | -342.50 | -516.86 | -1,045.83 |
| FCF / sales %i | -- | -- | -- | -- | -- | -- |
| Current ratioi | 1.90 | 0.66 | 1.03 | 2.00 | 1.20 | 0.75 |
| Quick ratioi | 1.85 | 0.63 | 1.02 | 1.88 | 1.11 | 0.70 |
| Debt / assetsi | 58.47 | 57.61 | 44.22 | 79.23 | 75.82 | 65.07 |
| LT debt / equityi | 305.28 | 303.08 | 455.01 | 3,316.33 | -- | 2,744.31 |
| Interest coveragei | -10.32 | -12.20 | -27.06 | -7.19 | -6.06 | -8.83 |
| Revenue CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| Net income CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| FCF CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
✦ Quant Revenue Concentration how this is computed
Single-engine
- High-performance computing (HPC) Leasing is the largest reported line at 71.33% of revenue, across 2 reported segments.
- The next-largest line, Digital asset mining, is a distant second at 28.67% - a sharp slowdown here would have little to offset it.
Revenue breakdown most recent period
Business
High-performance computing (HPC) Leasing71.33%
Digital asset mining28.67%
Quote time 2026-10-08 07:00:14 · For reference only, not investment advice and not tailored to your situation.