Terawulf WULF
- Market cap
- $5.6B
- PE
- n/m
- a loss over the last year
- Forward PE
- n/m
- not a meaningful number
- Price to sales
- 34.2×
- EV/EBIT
- n/m
- a loss over the last year
- Revenue, 12 months
- $165.2M
- +15% on a year ago
- Net margin
- n/m
- outside −100% to 100%
- Free cash flow yield
- −44.3%
Terawulf trades at 34.2× sales. Its trailing earnings are negative, so it has no PE. Revenue was $165.2M over the last twelve months, up 15% on a year earlier.
Charts
Financials
| Income statement | Q3 FY23 | Q4 FY23 | Q1 FY24 | Q2 FY24 | Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| $19M+391% | $23.3M+143% | $42.4M+268% | $35.6M+130% | $27.1M+43% | $35M+50% | $34.4M−19% | $47.6M+34% | $50.6M+87% | $35.8M+2% | $34M−1% | $44.8M−6% | |
| Cost of revenue | $8.3M+60% | $8.9M+69% | $14.4M+188% | $13.9M+172% | $14.7M+77% | $19.6M+120% | $24.6M+70% | $22.1M+59% | $17.1M+17% | $18.9M−4% | $2.4M−90% | $12.4M−44% |
| Gross profit | $10.7M | $14.4M+235% | $28M+329% | $21.7M+109% | $12.4M+16% | $15.4M+7% | $9.9M−65% | $25.5M+18% | $33.5M+170% | $16.9M+10% | $31.7M+221% | $32.4M+27% |
| R&D | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |
| SG&A | $10.3M+73% | $8.8M+35% | $14.9M+59% | $11.9M+39% | $11.5M+12% | $32.3M+267% | $50.1M+236% | $14.3M+20% | $16.7M+45% | $66.6M+107% | $127.8M+155% | $126.9M+788% |
| −$9.7M−28% | −$4.7M−65% | −$2.3M−75% | −$6.8M+16% | −$15.7M+62% | −$51.4M+1002% | −$59.6M+2475% | −$15.6M+131% | −$24.7M+57% | −$86.3M+68% | −$162.1M+172% | −$140.4M+801% | |
| Interest expense | $10.3M+42% | $9.3M+16% | $11M+62% | $5.3M−37% | $409K−96% | $3M−68% | $4M−63% | $4M−25% | $9.8M+2303% | $62.4M+1968% | $67.1M+1557% | $56.4M+1306% |
| Pre-tax income | −$19.9M−4% | −$13.8M−41% | −$14.9M−7% | −$11.6M−18% | −$20.1M+1% | −$51.8M+275% | −$61.4M+313% | −$18.4M+58% | −$455.1M+2169% | −$122.4M+136% | −$416.1M+578% | −$929.7M+4961% |
| $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $76K | $28K | $28K | |
| Net income | −$19.1M−44% | −$10.5M−58% | −$9.6M−63% | −$10.9M−38% | −$22.7M+19% | −$29.2M+177% | −$61.4M+539% | −$18.4M+69% | −$455.1M+1902% | −$126.6M+334% | −$427.6M+596% | −$939.9M+5017% |
| −$0.09−72% | −$0.04−80% | −$0.03−81% | −$0.03−63% | −$0.06−33% | −$0.07+75% | −$0.16+433% | −$0.05+67% | −$1.13+1783% | −$0.30+329% | −$1.01+531% | −$1.94+3780% | |
| 221.7M+104% | 241.7M+87% | 290.6M+76% | 340.7M+62% | 382.1M+72% | 391M+62% | 383.1M+32% | 386.9M+14% | 401.6M+5% | 418.4M+7% | 423M+10% | 485.7M+26% |
Gross profit: 8 periods, Q3 FY24 to Q2 FY26: not printed by the filing, worked out from its own lines.
Net income: Q4 FY12: not printed by the filing, worked out from its own lines.
EPS, diluted: 15 periods, Q4 FY10 to Q4 FY25: quarter's net income to common over its shares, to the cent.
Diluted shares: 9 periods, Q4 FY10 to Q4 FY20: share-days: the 12-month average less the 9-month, weighted by days. Q4 FY15: the earlier year to date counted no dilution: the quarter's basic count plus the later year to date's dilution. 5 periods, Q4 FY19 to Q4 FY25: a loss quarter: its basic count, share-days: the 12-month average less the 9-month, weighted by days.
From each company's 10-Q and 10-K filings, the newest version of each figure. Quarters are as filed (a fourth quarter is the year less its first nine months), fiscal years as the 10-K prints them, restated where a later 10-K restated them, and balance sheet lines as of the period's end. A quarter whose 10-Q isn't filed yet is from the company's results release. Growth is on the same period a year earlier. A dash is a period with no figure for the line: the filing doesn't print it, or it hasn't been read yet.
Peers
Companies in Financial - Credit Services nearest Terawulf's size, closest first.
| Company | Market cap | PE | Its 10y median PE | Fwd PE | P/S | Revenue growth | Net margin |
|---|---|---|---|---|---|---|---|
| WULFTerawulf | $5.6B | n/m | 115× | 34.2× | +15% | n/m | |
| CACCCredit Acceptance | $5.7B | 12.0× | 14.0× | 2.4× | +3% | 21.5% | |
| AMTMAmentum | $5.3B | 26.2× | 60.6× | 0.4× | +11% | 1.4% | |
| RELYRemitly Global | $5.3B | 17.9× | 55.1× | 2.9× | +24% | 16.9% | |
| FIGRFigure Technology Solutions | $5.2B | 24.2× | 33.2× | 7.3× | +89% | 33.5% | |
| OMFOneMain | $6.4B | 8.4× | 9.1× | 1.3× | +8% | 15.4% | |
| EXLSExlService | $6.4B | 26.6× | 34.7× | 2.9× | +14% | 11.2% | |
| WEXWEX | $6.7B | 19.7× | 42.8× | 2.4× | +7% | 12.6% | |
| DAVEDave | $4.5B | 23.0× | 22.7× | 7.0× | +49% | 34.6% | |
| SEZLSezzle | $4.4B | 29.0× | 27.8× | 8.4× | +43% | 30.4% | |
| NNINelnet | $4.4B | 14.7× | 11.2× | 3.7× | +6% | 25.8% | |
| Peer median | $5.3B | 21.3× | 30.5× | 2.9× | +13% | 19.2% |
Investors who own it
Investors we follow who held Terawulf at the end of Jun 30, 2026, from their 13F filings.
- Stephen MandelLone Pine Capital3.6% of portfolioadded
- Polen CapitalPolen Capital0.1% of portfolioadded
More on Terawulf
Each number over time
- PE ratio
- Price to sales ratio
- EV/EBIT
- Price to free cash flow
- Price to book ratio
- Market cap
- Revenue
- EPS
- Free cash flow
- Profit margin
- Shares outstanding
Its groups
About
- Industry
- Financial - Credit Services
- Sector
- Financial Services
Valuation data, not investment advice. Prices as of .