Terawulf (WULF) Convertible Debt (2024 - 2026)
Terawulf (WULF) posted Convertible Debt of $1.6 billion for Q1 2026, up 0.91% sequentially from $1.6 billion in Q4 2025, and up 227.24% YoY from $488.1 million in Q1 2025.
Terawulf (WULF) Convertible Debt (2024 - 2026) Analysis & Trends
Terawulf (WULF) has 3 years of Convertible Debt data on file, last reported at $1.6 billion in Q1 2026.
- Quarterly Convertible Debt rose 227.24% year-over-year to $1.6 billion in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $1.6 billion (up 227.24% YoY) and the FY2025 annual result came in at $1.6 billion, up 224.67% from the prior year.
- Convertible Debt grew to $1.6 billion in Q1 2026 per WULF's latest filing, from $1.6 billion in the prior quarter.
- The five-year high for Convertible Debt was $1.6 billion in Q1 2026, with the low at $487.5 million in Q4 2024.
- Average Convertible Debt over 3 years is $950.8 million, with a median of $774.4 million recorded in 2025.
- Year-over-year, Convertible Debt jumped 224.67% in 2025 and soared 227.24% in 2026.
- Terawulf's Convertible Debt stood at $487.5 million in 2024, then jumped by 224.67% to $1.6 billion in 2025, then grew by 0.91% to $1.6 billion in 2026.
- Business Quant data shows WULF's Convertible Debt at $1.6 billion in Q1 2026, $1.6 billion in Q4 2025, and $1.1 billion in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Morgan Stanley | 330.70 Bn | 197.17 Bn | - |
| 2 | Goldman Sachs | 309.79 Bn | -627.76 Bn | - |
| 3 | Schwab Charles | 167.21 Bn | 122.24 Bn | - |
| 4 | Futu Holdings | 111.36 Bn | 109.19 Bn | 733.58 Mn |
| 5 | Robinhood Markets | 97.69 Bn | 93.05 Bn | 960.00 Mn |
| 6 | LPL Financial Holdings | 23.49 Bn | 22.47 Bn | - |
| 7 | Tradeweb Markets | 21.59 Bn | 20.34 Bn | - |
| 8 | Circle Internet | 15.14 Bn | 13.62 Bn | 35.01 Mn |
| 9 | Iren | 14.46 Bn | 12.24 Bn | 144.76 Mn |
| 10 | Terawulf | 9.97 Bn | 7.15 Bn | 31.65 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 1.60 Bn |
| Dec 31, 2025 | 1.58 Bn |
| Sep 30, 2025 | 1.06 Bn |
| Jun 30, 2025 | 488.72 Mn |
| Mar 31, 2025 | 488.11 Mn |
| Dec 31, 2024 | 487.50 Mn |