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 has reported Convertible Debt for 3 years, with the latest figure 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.
- Over five years, Convertible Debt peaked at $1.6 billion in Q1 2026 and troughed at $487.5 million in Q4 2024.
- A 3-year average of $950.8 million and a median of $774.4 million in 2025 frame the typical range for Convertible Debt.
- The sharpest annual moves came in 2025 and 2026: Convertible Debt surged 224.67% in 2025, then jumped 227.24% in 2026.
- Over 3 years, Convertible Debt stood at $487.5 million in 2024, then soared by 224.67% to $1.6 billion in 2025, then climbed by 0.91% to $1.6 billion in 2026.
- According to Business Quant data, Convertible Debt over the past three periods registered $1.6 billion, $1.6 billion, and $1.1 billion for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Morgan Stanley | 333.21 Bn | 173.07 Bn | - |
| 2 | Goldman Sachs | 311.14 Bn | -665.21 Bn | - |
| 3 | Schwab Charles | 196.95 Bn | 123.36 Bn | - |
| 4 | Robinhood Markets | 93.19 Bn | 75.81 Bn | 1.20 Bn |
| 5 | Interactive Brokers | 41.71 Bn | -22.59 Bn | - |
| 6 | LPL Financial Holdings | 29.06 Bn | 26.36 Bn | - |
| 7 | Tradeweb Markets | 23.03 Bn | 20.97 Bn | - |
| 8 | Circle Internet | 21.70 Bn | 19.97 Bn | 288.85 Mn |
| 9 | Futu Holdings | 16.14 Bn | 214.18 Mn | 733.58 Mn |
| 10 | Terawulf | 7.54 Bn | 4.78 Bn | 32.37 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 1.10 Bn |
| 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 |