Symbols / WULF Stock $20.00 -1.86% TeraWulf Inc.

Financial Services • Capital Markets • United States • NCM
WULF (Stock) Chart
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Stock Fundamentals
Scroll to Statements
Index EQUITY
Sector Financial Services
Industry Capital Markets
CEO Mr. Paul B. Prager
Exch · Country NCM · United States
Market Cap 9.80B
Enterprise Value 10.41B
Income -661.42M
Sales 168.46M
FCF (ttm) -113.67M
Book/sh 0.33
Cash/sh 7.70
Employees 141
Insider 10d —
IPO Apr 05, 1994
Div forward ($/yr)
Div TTM ($/yr)
Dividend Yield
Ex-Div Date
5Y Avg Yield
Yield vs 5Y Avg
Payout 0.00%
P/E —
Forward P/E 2,500.00
PEG —
P/S 58.16
P/B 59.88
P/C —
EV/EBITDA -128.82
EV/Sales 61.83
Quick Ratio 1.88
Current Ratio 2.00
Debt/Eq 3,699.47
LT Debt/Eq —
EPS (ttm) -1.66
EPS next Y 0.01
EPS Growth —
Revenue Growth 2.40%
EPS Gr Q/Q —
Rev Gr Q/Q —
Earnings (next) 2026-05-07
Earnings (prior) 2026-02-26
ROA -2.55%
ROE -3.44%
ROIC —
Gross Margin 50.93%
Oper. Margin -210.53%
Profit Margin 0.00%
Shs Outstand 489.89M
Shs Float 323.36M
Insider Own 23.18%
Instit Own 72.57%
Short Float 28.50%
Short Ratio 3.15
Short Interest 102.09M
52W High 21.60
vs 52W High -7.41%
52W Low 2.67
vs 52W Low 649.06%
Beta 4.26
Impl. Vol. 0.10%
Rel Volume 1.00
Avg Volume 34.08M
Volume 33.91M
Target (mean) $27.10
Tgt Median $27.00
Tgt Low $22.00
Tgt High $37.00
# Analysts 13
Recom Strong_buy
Prev Close $20.38
Price $20.00
Change -1.86%
About

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.

Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$27.10
Mean price target
2. Current target
$20.00
Latest analyst target
3. DCF / Fair value
$-4.18
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$20.00
Low
$22.00
High
$37.00
Mean
$27.10

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-04-20 main Oppenheimer Outperform → Outperform $25
2026-04-15 reit Needham Buy → Buy $21
2026-04-15 main Rosenblatt Buy → Buy $23
2026-04-09 main Cantor Fitzgerald Overweight → Overweight $30
2026-03-19 main Rosenblatt Buy → Buy $23
2026-03-11 main Keefe, Bruyette & Woods Outperform → Outperform $23
2026-02-27 main Rosenblatt Buy → Buy $23
2026-02-27 main Cantor Fitzgerald Overweight → Overweight $24
2026-02-03 reit Needham Buy → Buy $21
2025-12-31 up Keefe, Bruyette & Woods Market Perform → Outperform $24
2025-12-23 main Cantor Fitzgerald Overweight → Overweight $18
2025-11-12 main B. Riley Securities Buy → Buy $23
2025-11-11 reit Needham Buy → Buy $21
2025-11-11 main Rosenblatt Buy → Buy $24
2025-10-29 main Citizens Market Outperform → Market Outperform $22
2025-10-29 main Rosenblatt Buy → Buy $24
2025-10-29 main Needham Buy → Buy $21
2025-10-28 init Oppenheimer — → Outperform $20
2025-10-21 main JMP Securities Market Outperform → Market Outperform $18
2025-10-16 main Rosenblatt Buy → Buy $20
News
RSS: Latest WULF news
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-04-14 FLEURY PATRICK Chief Financial Officer — 327,054 — —
2026-04-14 LANGLAIS KERRI M. Officer and Director — 327,054 — —
2026-04-14 PRAGER PAUL B. Chief Executive Officer — 1,122,888 — —
2026-04-14 KHAN NAZAR M. Chief Technology Officer — 817,635 — —
2026-03-31 CARTER WALTER E. Director — 2,166 $0.00 $0
2026-03-31 PRAGER LISA A. Director — 1,733 $0.00 $0
2026-03-31 BUCELLA MICHAEL C Director — 1,733 $0.00 $0
2026-03-25 PRAGER PAUL B. Chief Executive Officer — 275,000 $16.10 $4,544,999
2026-03-20 BUCELLA MICHAEL C Director — 1,665 $15.04 $25,042
2026-03-19 BUCELLA MICHAEL C Director — 4,835 $14.96 $75,291
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
168.46
+20.28%
140.05
+102.30%
69.23
+360.51%
15.03
Operating Revenue
168.46
+20.28%
140.05
+102.30%
69.23
+360.51%
15.03
Cost Of Revenue
82.66
+32.03%
62.61
+129.21%
27.32
+146.46%
11.08
Reconciled Cost Of Revenue
78.21
+27.72%
61.23
+132.71%
26.31
+144.10%
10.78
Gross Profit
85.79
+10.78%
77.44
+84.77%
41.91
+961.11%
3.95
Operating Expense
256.10
+85.53%
138.03
+96.47%
70.26
+50.10%
46.81
Selling General And Administration
147.76
+109.35%
70.58
+90.66%
37.02
+2.69%
36.05
Other Operating Expenses
19.75
+158.16%
7.65
+56.45%
4.89
+19.54%
4.09
Total Expenses
338.76
+68.84%
200.64
+105.64%
97.57
+68.55%
57.89
Operating Income
-170.31
-181.08%
-60.59
-113.78%
-28.34
+33.87%
-42.86
Total Operating Income As Reported
-186.21
-144.32%
-76.22
-159.05%
-29.42
+32.74%
-43.74
EBITDA
-483.91
-2679.81%
-17.41
-10912.42%
0.16
+100.41%
-38.83
Normalized EBITDA
-38.82
-678.08%
6.72
+442.05%
1.24
+103.45%
-35.89
Reconciled Depreciation
93.05
+52.09%
61.18
+108.45%
29.35
+321.10%
6.97
EBIT
-576.96
-634.15%
-78.59
-169.23%
-29.19
+36.26%
-45.80
Total Unusual Items
-445.08
-1744.99%
-24.12
-2137.85%
-1.08
+63.36%
-2.94
Total Unusual Items Excluding Goodwill
-445.08
-1744.99%
-24.12
-2137.85%
-1.08
+63.36%
-2.94
Special Income Charges
-15.29
+36.61%
-24.12
-2137.85%
-1.08
+63.36%
-2.94
Other Special Charges
—
6.30
—
2.05
Impairment Of Capital Assets
0.00
0.00
-100.00%
3.04
+108.85%
1.46
Restructuring And Mergern Acquisition
10.40
0.00
0.00
—
Write Off
—
—
—
1.46
Net Income
-661.42
-813.33%
-72.42
+1.37%
-73.42
+19.13%
-90.79
Pretax Income
-657.21
-568.01%
-98.38
-53.72%
-64.00
+9.19%
-70.48
Net Non Operating Interest Income Expense
-80.25
-305.42%
-19.79
+43.14%
-34.81
-41.06%
-24.68
Interest Expense Non Operating
80.25
+305.42%
19.79
-43.14%
34.81
+41.06%
24.68
Net Interest Income
-80.25
-305.42%
-19.79
+43.14%
-34.81
-41.06%
-24.68
Interest Expense
80.25
+305.42%
19.79
-43.14%
34.81
+41.06%
24.68
Other Income Expense
-406.65
-2159.56%
-18.00
-2024.79%
-0.85
+71.21%
-2.94
Other Non Operating Income Expenses
38.43
+527.26%
6.13
+2552.38%
0.23
—
Gain On Sale Of Security
-429.79
—
—
0.57
Tax Provision
0.08
0.00
0.00
+100.00%
-0.26
Tax Rate For Calcs
0.00
0.00
0.00
-100.00%
0.00
Tax Effect Of Unusual Items
0.00
0.00
0.00
+100.00%
-0.01
Net Income Including Noncontrolling Interests
-661.42
-813.33%
-72.42
+1.37%
-73.42
+19.13%
-90.79
Net Income From Continuing Operation Net Minority Interest
-661.42
-813.33%
-72.42
+1.19%
-73.29
+14.71%
-85.93
Net Income From Continuing And Discontinued Operation
-661.42
-813.33%
-72.42
+1.37%
-73.42
+19.13%
-90.79
Net Income Continuous Operations
-661.42
-813.33%
-72.42
+1.19%
-73.29
+14.71%
-85.93
Net Income Discontinuous Operations
0.00
0.00
+100.00%
-0.13
+97.34%
-4.86
Normalized Income
-216.33
-347.95%
-48.29
+33.12%
-72.21
+13.00%
-83.00
Net Income Common Stockholders
-661.42
-813.33%
-72.42
+1.37%
-73.42
+19.13%
-90.79
Diluted EPS
-1.66
-690.48%
-0.21
+40.00%
-0.35
+57.32%
-0.82
Basic EPS
-1.66
-690.48%
-0.21
+40.00%
-0.35
+57.32%
-0.82
Basic Average Shares
397.61
+13.18%
351.32
+67.33%
209.96
+89.77%
110.64
Diluted Average Shares
397.61
+13.18%
351.32
+67.33%
209.96
+89.77%
110.64
Diluted NI Availto Com Stockholders
-661.42
-813.33%
-72.42
+1.37%
-73.42
+19.13%
-90.79
Depreciation Amortization Depletion Income Statement
88.60
+48.14%
59.81
+110.96%
28.35
+325.23%
6.67
Depreciation And Amortization In Income Statement
88.60
+48.14%
59.81
+110.96%
28.35
+325.23%
6.67
Depreciation Income Statement
88.60
+48.14%
59.81
+110.96%
28.35
+325.23%
6.67
Earnings From Equity Interest Net Of Tax
-4.13
-115.91%
25.96
+379.49%
-9.29
+40.87%
-15.71
Gain On Sale Of PPE
-4.89
+72.54%
-17.82
-1007.07%
1.97
+245.34%
0.57
Net Income From Tax Loss Carryforward
—
22.60
0.00
0.00
Preferred Stock Dividends
—
—
1.07
+37.16%
0.78
Line Item Trend 2025-12-31 2024-12-31 2023-12-31
Total Assets
6,558.18
+732.77%
787.51
+108.28%
378.11
Current Assets
3,478.27
+1135.92%
281.43
+349.66%
62.59
Cash Cash Equivalents And Short Term Investments
3,266.39
+1091.83%
274.06
+403.44%
54.44
Cash And Cash Equivalents
3,266.39
+1091.83%
274.06
+403.44%
54.44
Receivables
4.61
+7.79%
4.27
+326.97%
1.00
Accounts Receivable
1.21
+155.16%
0.47
—
Other Receivables
3.40
-10.63%
3.80
+279.52%
1.00
Prepaid Assets
6.27
+151.58%
2.49
-45.09%
4.54
Restricted Cash
189.93
0.00
0.00
Assets Held For Sale Current
—
—
—
Other Current Assets
11.07
+1748.41%
0.60
-77.02%
2.61
Total Non Current Assets
3,079.91
+508.58%
506.08
+60.40%
315.52
Net PPE
1,731.01
+242.74%
505.05
+133.57%
216.23
Gross PPE
1,862.76
+226.16%
571.12
+127.35%
251.21
Accumulated Depreciation
-131.75
-99.41%
-66.07
-88.86%
-34.98
Properties
0.00
0.00
0.00
Machinery Furniture Equipment
0.57
+447.12%
0.10
+0.00%
0.10
Construction In Progress
1,069.06
+561.80%
161.54
+164.61%
61.05
Other Properties
528.13
+66.15%
317.87
+149.88%
127.21
Leases
265.01
+189.27%
91.61
+45.77%
62.85
Goodwill And Other Intangible Assets
55.46
0.00
—
Goodwill
55.46
0.00
—
Investments And Advances
446.01
0.00
-100.00%
98.61
Long Term Equity Investment
446.01
0.00
-100.00%
98.61
Non Current Deferred Assets
572.89
0.00
—
Other Non Current Assets
274.54
+26606.61%
1.03
+51.40%
0.68
Total Liabilities Net Minority Interest
6,417.74
+1081.76%
543.07
+248.98%
155.62
Current Liabilities
1,735.85
+3248.15%
51.84
-66.48%
154.66
Payables And Accrued Expenses
293.15
+520.21%
47.27
+76.79%
26.74
Payables
65.34
+153.52%
25.77
+26.07%
20.44
Accounts Payable
65.14
+167.16%
24.38
+60.74%
15.17
Other Payable
—
—
1.80
Current Accrued Expenses
227.81
+959.93%
21.49
+241.59%
6.29
Pensionand Other Post Retirement Benefit Plans Current
1.72
-62.28%
4.55
+3.15%
4.41
Current Debt And Capital Lease Obligation
538.10
+1992862.96%
0.03
-99.98%
123.51
Current Debt
536.08
—
123.47
Other Current Borrowings
536.08
—
123.47
Current Capital Lease Obligation
2.02
+7370.37%
0.03
-43.75%
0.05
Current Deferred Liabilities
58.18
0.00
—
Other Current Liabilities
844.70
—
—
Total Non Current Liabilities Net Minority Interest
4,681.89
+853.11%
491.22
+51336.75%
0.95
Long Term Debt And Capital Lease Obligation
4,657.63
+848.17%
491.22
+51336.75%
0.95
Long Term Debt
4,635.03
+850.77%
487.50
+870439.29%
0.06
Long Term Capital Lease Obligation
22.60
+507.64%
3.72
+313.68%
0.90
Non Current Deferred Liabilities
23.36
0.00
—
Non Current Deferred Taxes Liabilities
0.08
0.00
—
Other Non Current Liabilities
0.90
—
—
Stockholders Equity
140.44
-42.55%
244.44
+9.87%
222.49
Common Stock Equity
140.44
-40.28%
235.17
+10.30%
213.22
Capital Stock
0.44
-95.41%
9.68
+1.33%
9.55
Common Stock
0.44
+9.90%
0.40
+45.85%
0.28
Preferred Stock
0.00
-100.00%
9.27
+0.00%
9.27
Share Issued
444.53
+9.97%
404.22
+46.07%
276.73
Ordinary Shares Number
420.07
+8.92%
385.65
+39.36%
276.73
Treasury Shares Number
24.47
+31.77%
18.57
0.00
Additional Paid In Capital
1,285.20
+87.55%
685.26
+44.93%
472.83
Retained Earnings
-993.69
-199.06%
-332.28
-27.85%
-259.89
Treasury Stock
151.51
+28.16%
118.22
0.00
Total Equity Gross Minority Interest
140.44
-42.55%
244.44
+9.87%
222.49
Total Capitalization
4,775.47
+552.43%
731.95
+228.90%
222.54
Working Capital
1,742.42
+658.94%
229.59
+349.35%
-92.08
Invested Capital
5,311.56
+634.99%
722.67
+114.61%
336.74
Total Debt
5,195.73
+957.66%
491.25
+294.68%
124.47
Net Debt
1,904.72
+792.40%
213.44
+208.96%
69.08
Capital Lease Obligations
24.61
+557.10%
3.75
+295.56%
0.95
Net Tangible Assets
84.99
-65.23%
244.44
+9.87%
222.49
Tangible Book Value
84.99
-63.86%
235.17
+10.30%
213.22
Duefrom Related Parties Current
—
—
—
Dueto Related Parties Current
0.20
-85.62%
1.39
-59.94%
3.47
Interest Payable
52.77
+1962.33%
2.56
—
Investmentsin Joint Venturesat Cost
—
—
—
Preferred Stock Equity
—
9.27
+0.00%
9.27
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
-123.18
-404.38%
-24.42
-672.88%
4.26
+112.51%
-34.07
Cash Flow From Continuing Operating Activities
-123.18
-404.38%
-24.42
-687.07%
4.16
+112.89%
-32.26
Cash From Discontinued Operating Activities
0.00
0.00
-100.00%
0.10
+105.71%
-1.80
Net Income From Continuing Operations
-661.42
-813.33%
-72.42
+1.37%
-73.42
+19.13%
-90.79
Depreciation Amortization Depletion
93.05
+52.09%
61.18
+108.45%
29.35
+321.10%
6.97
Depreciation
93.05
+52.09%
61.18
+108.45%
29.35
+321.10%
6.97
Depreciation And Amortization
93.05
+52.09%
61.18
+108.45%
29.35
+321.10%
6.97
Other Non Cash Items
-116.60
-289.10%
-29.97
-170.33%
42.61
+131.20%
18.43
Stock Based Compensation
50.91
+64.61%
30.93
+427.85%
5.86
+273.66%
1.57
Asset Impairment Charge
0.00
0.00
-100.00%
3.04
+108.85%
1.46
Deferred Tax
0.08
0.00
0.00
+100.00%
-0.26
Deferred Income Tax
0.08
0.00
0.00
+100.00%
-0.26
Operating Gains Losses
438.82
+23935.85%
-1.84
-125.13%
7.33
-57.41%
17.20
Gain Loss On Investment Securities
429.79
—
-3.17
-457.82%
-0.57
Unrealized Gain Loss On Investment Securities
0.61
+127.82%
-2.20
0.00
0.00
Gain Loss On Sale Of PPE
4.89
-72.54%
17.82
+1374.28%
1.21
0.00
Change In Working Capital
71.37
+806.36%
-10.10
+4.76%
-10.61
-180.60%
13.16
Change In Receivables
-0.46
+83.60%
-2.77
-177.12%
-1.00
-222.82%
0.81
Changes In Account Receivables
-0.91
0.00
0.00
—
Change In Prepaid Assets
-6.59
-422.03%
2.05
+268.83%
0.56
+115.41%
-3.60
Change In Payables And Accrued Expense
67.04
+3402.56%
1.91
+118.74%
-10.22
-160.76%
16.81
Change In Accrued Expense
70.84
+10107.78%
0.69
+174.54%
-0.93
-115.74%
5.92
Change In Payable
-3.80
-411.72%
1.22
+113.14%
-9.29
-185.21%
10.90
Change In Account Payable
-3.24
-537.57%
0.74
+110.18%
-7.27
-171.32%
10.20
Change In Other Working Capital
24.06
—
—
—
Change In Other Current Assets
-11.50
-6362.92%
-0.18
-287.37%
0.10
+109.13%
-1.04
Change In Other Current Liabilities
-1.18
+89.39%
-11.11
-26359.52%
-0.04
-124.00%
0.17
Investing Cash Flow
-1,368.94
-1401.71%
-91.16
-16.85%
-78.01
+17.05%
-94.05
Cash Flow From Continuing Investing Activities
-1,368.94
-1401.71%
-91.16
-16.85%
-78.01
+17.05%
-94.05
Net PPE Purchase And Sale
-1,048.54
-328.65%
-244.62
-225.43%
-75.17
-22.94%
-61.14
Purchase Of PPE
-1,060.19
-295.68%
-267.94
-256.45%
-75.17
-3.17%
-72.86
Sale Of PPE
11.65
-50.06%
23.32
0.00
-100.00%
11.72
Capital Expenditure
-1,060.19
-295.68%
-267.94
-256.45%
-75.17
-3.17%
-72.86
Net Investment Purchase And Sale
—
67.37
0.00
0.00
Sale Of Investment
—
67.37
0.00
0.00
Net Business Purchase And Sale
-471.73
-647.98%
86.09
+3125.87%
-2.85
+93.84%
-46.17
Purchase Of Business
-471.73
0.00
+100.00%
-2.85
+93.84%
-46.17
Gain Loss On Sale Of Business
0.00
+100.00%
-22.60
0.00
0.00
Net Intangibles Purchase And Sale
151.33
+124.62%
67.37
0.00
0.00
Net Other Investing Changes
—
—
—
13.27
Financing Cash Flow
4,940.84
+1373.97%
335.21
+179.65%
119.87
+33.21%
89.98
Cash Flow From Continuing Financing Activities
4,940.84
+1373.97%
335.21
+179.65%
119.87
+33.21%
89.98
Net Issuance Payments Of Debt
5,097.53
+1370.27%
346.71
+6581.73%
-5.35
-121.17%
25.27
Issuance Of Debt
5,106.69
+948.49%
487.05
+38864.00%
1.25
-96.92%
40.58
Repayment Of Debt
-9.16
+93.47%
-140.34
-2026.72%
-6.60
+56.89%
-15.31
Long Term Debt Issuance
5,106.69
+948.49%
487.05
+38864.00%
1.25
-96.64%
37.16
Long Term Debt Payments
-9.16
+93.47%
-140.34
-2026.72%
-6.60
0.00
Net Long Term Debt Issuance
5,097.53
+1370.27%
346.71
+6581.73%
-5.35
-114.39%
37.16
Short Term Debt Issuance
—
0.00
0.00
-100.00%
3.42
Short Term Debt Payments
—
0.00
0.00
+100.00%
-15.31
Net Short Term Debt Issuance
—
0.00
0.00
+100.00%
-11.89
Net Common Stock Issuance
-33.29
-147.22%
70.50
-48.13%
135.92
+187.19%
47.33
Common Stock Payments
-33.29
+71.84%
-118.22
0.00
0.00
Repurchase Of Capital Stock
-33.30
+71.83%
-118.22
0.00
0.00
Proceeds From Stock Option Exercised
5.69
+18.26%
4.81
+92.32%
2.50
-56.14%
5.70
Net Other Financing Charges
-129.08
-48.70%
-86.81
-557.53%
-13.20
-723.62%
2.12
Changes In Cash
3,448.71
+1470.26%
219.63
+376.25%
46.12
+220.94%
-38.13
Beginning Cash Position
274.06
+403.44%
54.44
+554.08%
8.32
-82.08%
46.45
End Cash Position
3,722.78
+1258.35%
274.06
+403.44%
54.44
+554.08%
8.32
Free Cash Flow
-1,183.37
-304.76%
-292.36
-312.33%
-70.91
+33.69%
-106.92
Interest Paid Supplemental Data
14.00
+101.22%
6.96
-64.45%
19.57
+39.91%
13.99
Income Tax Paid Supplemental Data
0.00
0.00
0.00
0.00
Common Stock Issuance
0.00
-100.00%
188.72
+38.85%
135.92
+187.19%
47.33
Earnings Losses From Equity Investments
4.13
+222.81%
-3.36
-136.20%
9.29
-40.87%
15.71
Issuance Of Capital Stock
0.00
-100.00%
188.72
+38.85%
135.92
+138.90%
56.89
Net Preferred Stock Issuance
-0.01
0.00
0.00
-100.00%
9.57
Preferred Stock Issuance
—
0.00
0.00
-100.00%
9.57
Preferred Stock Payments
-0.01
0.00
0.00
—
Sale Of Business
0.00
-100.00%
86.09
0.00
0.00
Sale Of Intangibles
151.33
+124.62%
67.37
0.00
0.00
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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