We are a vertically integrated owner, developer, and operator of large-scale digital infrastructure in the United States, purpose-built to support high-performance computing (“HPC”) workloads, including artificial intelligence (“AI”), machine learning, and advanced cloud applications. Our strategy is grounded in controlling infrastructure at utility scale and pairing compute‑optimized facilities with reliable, long‑duration power resources. By controlling land use through ownership or long-term ground leases, together with interconnection rights, electrical and cooling infrastructure, and, where applicable, on-site generation, we deliver resilient, cost-efficient capacity to hyperscale and enterprise customers through long-term hosting arrangements. This infrastructure-first approach enables TeraWulf to serve Tier-1 counterparties while maintaining operational control, development flexibility, and disciplined capital allocation.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2020 |
|---|---|---|---|---|---|---|
| Revenue | 0 | - | 140M | 69M | - | 13M |
| Net Income | -661M | -661M | -72M | -74M | -92M | -439K |
| EPS | $-1.66 | $-1.66 | $-0.21 | $-0.35 | $-0.82 | $-0.22 |
| Free Cash Flow | -1.2B | -1.2B | -292M | -71M | -95M | -549K |
| ROIC | -2.2% | -38.5% | -29.6% | -36.1% | -44.8% | -3.1% |
| Gross Margin | - | - | - | 53.5% | - | 29.1% |
| Debt/Equity | 22.06 | 22.06 | 0.00 | 0.56 | 1.06 | 0.33 |
| Dividends/Share | $0.00 | - | - | $0.00 | $0.00 | - |
| Operating Income | -186M | -186M | -76M | -29M | -44M | -1.8M |
| Operating Margin | 0.0% | - | -54.4% | -42.5% | - | -13.3% |
| ROE | -470.9% | -343.7% | -29.6% | -43.8% | -76.0% | -3.6% |
| Shares Outstanding | 398M | 398M | 345M | 213M | 112M | 2M |
TERAWULF INC. passes 0 of 9 quality checks, indicating weak fundamentals.
The company's 5-year average gross margin is 41.3%. Total shareholder yield (buybacks) is 0.4%. At current prices, the estimated annualized return to fair value is -8.7%.
TERAWULF INC. (WULF) has a 5-year average return on invested capital (ROIC) of -30.4%. This is below average and may indicate limited pricing power.
TERAWULF INC. (WULF) has a market capitalization of $7.7B. It is classified as a mid-cap stock.
TERAWULF INC. (WULF) does not currently pay a regular dividend. However, the company returns capital to shareholders through share buybacks, with a buyback yield of 0.43%.
TERAWULF INC. (WULF) operates in the Finance Services industry, within the Financials sector.
TERAWULF INC. (WULF) generated $-1.2 billion in free cash flow in its most recent fiscal year. Negative free cash flow may indicate heavy investment or operational challenges.
TERAWULF INC. (WULF) has a debt-to-equity ratio of 22.06. This indicates higher leverage, which may increase financial risk.
TERAWULF INC. (WULF) reported earnings per share (EPS) of $-1.66 in its most recent fiscal year.
TERAWULF INC. (WULF) has a return on equity (ROE) of -343.7%. A negative ROE may indicate losses or negative equity.
TERAWULF INC. (WULF) has a 5-year average gross margin of 41.3%. This indicates decent pricing power.
The Ledger Terminal provides 15 years of financial data for TERAWULF INC. (WULF), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
TERAWULF INC. (WULF) has a book value per share of $0.35, based on its most recent annual SEC filing.