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TeraWulf Inc. logo

TeraWulf Inc.

WULF

NASDAQFinancial ServicesFinancial - Capital Markets

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Previous close

$15.64

−$0.81 · -4.92%

Aug 21, 4:00 PM ET

WULF company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Hold

Wait — insufficient conviction to act

Valuation

55

Fair Value

Momentum

54

Neutral

Sentiment

74

Bullish

Risk resilience

27

High Risk

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Thesis, catalysts, evidence, and risk analysis.

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AI-generated, informational only, and not investment advice.

Company profile

Company website

TeraWulf Inc., together with its subsidiaries, owns, develops, operates digital infrastructure in the United States. It also develops and operates bitcoin mining facilities for bitcoin mining and high-performance computing workloads, leveraging clean, cost-effective, and reliable energy. The company was founded in 2021 and is headquartered in Easton, Maryland.

Industry
Financial - Capital Markets
Sector
Financial Services
Headquarters
US
CEO
Paul Prager
Listed since
Apr 5, 1994
Employees
141

Market position

Day range

Current $15.64

52-week range

Current $15.64

Open
$16.89
Previous close
$16.45
Volume
47.3M
1.46× average
Average volume
32.48M
Average daily volume
Market cap
7.75B USD
Beta
4.29
Market reference 1
50-day average
$20.7834
-24.75% below average
200-day average
$17.7451
-11.86% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
6.5B USD
EV / EBITDA
-13.43×
Earnings yield
-14.48%
Free cash flow yield
-25.90%

Profitability & efficiency

Return on equity
-470.94%
Return on assets
-10.09%
Return on invested capital
-3.18%

Financial health

Current ratio
2×
Altman Z-score
-0.35
Piotroski F-score
3 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends127%-139%-405%-670%Gross margin, FY2022: 26.28%Gross margin, FY2023: 60.54%Gross margin, FY2024: 55.30%Gross margin, FY2025: 50.93%Operating margin, FY2022: -290.99%Operating margin, FY2023: -42.50%Operating margin, FY2024: -54.42%Operating margin, FY2025: -101.10%Net margin, FY2022: -603.94%Net margin, FY2023: -106.06%Net margin, FY2024: -51.71%Net margin, FY2025: -392.64%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2022 26.28%. Gross margin FY2023 60.54%. Gross margin FY2024 55.30%. Gross margin FY2025 50.93%. Operating margin FY2022 -290.99%. Operating margin FY2023 -42.50%. Operating margin FY2024 -54.42%. Operating margin FY2025 -101.10%. Net margin FY2022 -603.94%. Net margin FY2023 -106.06%. Net margin FY2024 -51.71%. Net margin FY2025 -392.64%.

Income trends

Revenue

168.46M USD+20.28%

Operating income

−170.31M USD-123.46%

Net income

−661.42M USD-813.33%
Income trends across reported periods251.44M USD−80.51M USD−412.45M USD−744.4M USDRevenue, FY2022: 15.03M USDRevenue, FY2023: 69.23M USDRevenue, FY2024: 140.05M USDRevenue, FY2025: 168.46M USDOperating income, FY2021: −43.4M USDOperating income, FY2022: −43.75M USDOperating income, FY2023: −29.42M USDOperating income, FY2024: −76.22M USDOperating income, FY2025: −170.31M USDNet income, FY2021: −95.68M USDNet income, FY2022: −90.79M USDNet income, FY2023: −73.42M USDNet income, FY2024: −72.42M USDNet income, FY2025: −661.42M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2022 15.03M USD. Revenue FY2023 69.23M USD. Revenue FY2024 140.05M USD. Revenue FY2025 168.46M USD. Operating income FY2021 −43.4M USD. Operating income FY2022 −43.75M USD. Operating income FY2023 −29.42M USD. Operating income FY2024 −76.22M USD. Operating income FY2025 −170.31M USD. Net income FY2021 −95.68M USD. Net income FY2022 −90.79M USD. Net income FY2023 −73.42M USD. Net income FY2024 −72.42M USD. Net income FY2025 −661.42M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue168.46M USD140.05M USD69.23M USD15.03M USD—
Cost of goods sold82.66M USD62.61M USD27.32M USD11.08M USD52K USD
Gross profit85.79M USD77.44M USD41.91M USD3.95M USD−52K USD
Selling, general, and administrative147.76M USD70.58M USD41.91M USD36.05M USD43.35M USD
Operating expenses256.1M USD153.66M USD71.34M USD47.7M USD43.35M USD
Interest expense80.25M USD19.79M USD34.81M USD24.68M USD2.26M USD
Depreciation and amortization93.05M USD61.18M USD29.35M USD6.97M USD52K USD
Operating income−170.31M USD−76.22M USD−29.42M USD−43.75M USD−43.4M USD
Net income−661.42M USD−72.42M USD−73.42M USD−90.79M USD−95.68M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
0%
0 beats, 11 misses, 0 met estimates
Average EPS surprise
-393.96%
11 comparable reports
Latest EPS result
-1.94
Estimate -0.24 · Miss by 696.22%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates-0.03-0.72-1.41-2.09Q1 '25MissQ2 '25MissQ3 '25MissQ4 '25MissQ1 '26MissQ2 '26MissQ3 '26MissQ4 '26Estimate
Q1 2025, reported Feb 28, 2025: actual -0.08, estimate -0.04, surprise -100.00%, Miss. Q2 2025, reported May 9, 2025: actual -0.16, estimate -0.07, surprise -128.57%, Miss. Q3 2025, reported Aug 8, 2025: actual -0.05, estimate -0.04, surprise -25.00%, Miss. Q4 2025, reported Nov 10, 2025: actual -1.13, estimate -0.044, surprise -2489.37%, Miss. Q1 2026, reported Feb 26, 2026: actual -0.28, estimate -0.13, surprise -115.38%, Miss. Q2 2026, reported May 8, 2026: actual -1.01, estimate -0.191, surprise -429.05%, Miss. Q3 2026, reported Aug 5, 2026: actual -1.94, estimate -0.244, surprise -696.22%, Miss. Q4 2026, reported Nov 9, 2026: actual —, estimate -0.184, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates66.81M55.01M43.22M31.43MQ1 '25MissQ2 '25MissQ3 '25BeatQ4 '25MissQ1 '26MissQ2 '26MissQ3 '26MissQ4 '26Estimate
Q1 2025, reported Feb 28, 2025: actual 34.95M USD, estimate 38.89M USD, surprise -10.12%, Miss. Q2 2025, reported May 9, 2025: actual 34.41M USD, estimate 41.28M USD, surprise -16.65%, Miss. Q3 2025, reported Aug 8, 2025: actual 47.64M USD, estimate 47.28M USD, surprise +0.75%, Beat. Q4 2025, reported Nov 10, 2025: actual 50.58M USD, estimate 53M USD, surprise -4.57%, Miss. Q1 2026, reported Feb 26, 2026: actual 35.9M USD, estimate 44.57M USD, surprise -19.45%, Miss. Q2 2026, reported May 8, 2026: actual 34M USD, estimate 34.69M USD, surprise -1.98%, Miss. Q3 2026, reported Aug 5, 2026: actual 44.77M USD, estimate 46M USD, surprise -2.67%, Miss. Q4 2026, reported Nov 9, 2026: actual —, estimate 64.24M USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$38.50

146.16% upside
Past 12 months12-month forecastHigh $72.00Average $38.50Low $28.00

Rating distribution

14 ratings
Strong buy00%
Buy14100%
Hold00%
Sell00%
Strong sell00%

WULF news

fool.com

Applied Digital vs. TeraWulf: Which AI Data Center Stock Is the Better Buy?

Applied Digital and TeraWulf have been signing long-term deals to lease compute to tech giants, which makes their future revenues more predictable and enables them to get financing at better terms. Applied Digital has…

Read source
247wallst.com

Hut 8 Craters 11% Despite a $19.6B Beacon Point Backlog, TeraWulf Falls 5%, IREN Drops 3%: What's Pressuring These AI Miner Stocks?

Friday's selling in AI-pivoting Bitcoin (CRYPTO:BTC) miners tracks their 2026 gains almost perfectly, a signature of profit-taking and position unwinding rather than a reassessment of any company's contracts or…

Read source
247wallst.com

IREN Jumps 6% but Then Gives Up Gains as Microsoft Accepts Horizon 1; TeraWulf Ticks Up, Cipher Digital Drops 5%

Former Bitcoin (CRYPTO:BTC) miners pivoting into AI infrastructure are moving Friday morning after a landmark acceptance milestone.

Read source
etftrends.com

Anthropic in ETFs: How Investors Can Gain Exposure

Anthropic's preliminary second-quarter results reignited enthusiasm across the artificial intelligence sector, lifting semiconductor stocks 1% on Monday despite broader tech sector declines. Q2 revenue topped $11.5…

Read source
invezz.com

Here's why TeraWulf, CoreWeave, and Nebius stocks are falling

Top neocloud stocks are falling this week, erasing some of the gains they made last week when many of them published strong financial results. Nebius stock plunged to $241 from this month's high of $280.

Read source
seekingalpha.com

TeraWulf: The Thesis Is Stronger Now

TeraWulf is upgraded from Hold to Buy as the stock drops to $15, making valuation more attractive despite ongoing risks. WULF has rapidly shifted from bitcoin mining to HPC leasing, now generating over 70% of revenue…

Read source

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

$5.00

2021 complete year+400.0% since 2012

Corporate action history

Dividend

Ex-dividend Dec 14, 2021

$5.00

Special

Record Dec 14, 2021

Dividend

Ex-dividend Dec 18, 2012

$1.00

Special

Record Dec 20, 2012 · Payment Dec 31, 2012

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ETFs holding WULF

Funds reporting this stock among their holdings, ordered by reported position size.

Vanguard Morningstar Total Stock Market ETF logoVanguard Morningstar Total Stock Market ETFVTI
Market value
222.98M
Weight
0.01%
AUM
2.3T USD
Expense ratio
0.03%
Price / 1D
$378.24+0.44%
Vanguard Morningstar Small-Cap ETF logoVanguard Morningstar Small-Cap ETFVB
Market value
160.97M
Weight
0.09%
AUM
183.4B USD
Expense ratio
0.03%
Price / 1D
$304.76+0.64%
Vanguard Information Technology ETF logoVanguard Information Technology ETFVGT
Market value
108.39M
Weight
0.07%
AUM
160.2B USD
Expense ratio
0.09%
Price / 1D
$118.42+0.05%
Vanguard Morningstar Small-Cap Growth ETF logoVanguard Morningstar Small-Cap Growth ETFVBK
Market value
93.16M
Weight
0.21%
AUM
43.8B USD
Expense ratio
0.05%
Price / 1D
$358.65+0.70%
Vanguard Extended Market ETF logoVanguard Extended Market ETFVXF
Market value
81.61M
Weight
0.08%
AUM
93.7B USD
Expense ratio
0.05%
Price / 1D
$245.53+0.82%
iShares Russell Mid-Cap Growth ETF logoiShares Russell Mid-Cap Growth ETFIWP
Market value
34.23M
Weight
0.17%
AUM
20.62B USD
Expense ratio
0.23%
Price / 1D
$143.66+0.99%
Amplify Blockchain Technology ETF logoAmplify Blockchain Technology ETFBLOK
Market value
31.76M
Weight
2.88%
AUM
1.1B USD
Expense ratio
0.70%
Price / 1D
$62.95+1.73%
iShares Expanded Tech-Software Sector ETF logoiShares Expanded Tech-Software Sector ETFIGV
Market value
31.66M
Weight
0.23%
AUM
14.26B USD
Expense ratio
0.38%
Price / 1D
$103.37+1.43%

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