Terawulf (WULF) Convertible Debt (2024 - 2026)
Terawulf's (WULF) quarterly Convertible Debt came in at $1.6 billion in Q1 2026, up 227.24% year-on-year from $488.1 million in Q1 2025, and up 0.91% quarter-over-quarter from $1.6 billion in Q4 2025.
Terawulf (WULF) Convertible Debt (2024 - 2026) Analysis & Trends
Terawulf has disclosed Convertible Debt across 3 years of filings, most recently posting $1.6 billion for Q1 2026.
- Convertible Debt for Q1 2026 came in at $1.6 billion, up 227.24% year-over-year; the trailing twelve-month figure through Mar 2026 was $1.6 billion (up 227.24% YoY), and the FY2025 annual result was $1.6 billion, up 224.67% from the prior year.
- Convertible Debt came in at $1.6 billion for Q1 2026 at Terawulf, up from $1.6 billion in the prior quarter.
- In the past five years, Convertible Debt ranged from a high of $1.6 billion in Q1 2026 to a low of $487.5 million in Q4 2024.
- The 3-year median for Convertible Debt is $774.4 million (2025), against an average of $950.8 million.
- Across the five-year window, Convertible Debt soared 224.67% in 2025 and surged 227.24% in 2026, its largest moves.
- Terawulf's Convertible Debt stood at $487.5 million in 2024, then jumped by 224.67% to $1.6 billion in 2025, then gained by 0.91% to $1.6 billion in 2026.
- The last three Convertible Debt figures came in at $1.6 billion (Q1 2026), $1.6 billion (Q4 2025), and $1.1 billion (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | SOL Strategies | 100,773.79 Bn | 100,773.79 Bn | - |
| 2 | Morgan Stanley | 331.35 Bn | 197.82 Bn | - |
| 3 | Goldman Sachs | 317.73 Bn | -619.82 Bn | - |
| 4 | Schwab Charles | 153.74 Bn | 108.77 Bn | - |
| 5 | Robinhood Markets | 75.98 Bn | 71.34 Bn | 960.00 Mn |
| 6 | Interactive Brokers | 38.91 Bn | 49.50 Bn | - |
| 7 | LPL Financial Holdings | 22.76 Bn | 21.73 Bn | - |
| 8 | Tradeweb Markets | 20.90 Bn | 19.65 Bn | - |
| 9 | Circle Internet | 20.00 Bn | 18.49 Bn | 35.01 Mn |
| 10 | Terawulf | 2.09 Bn | -734.82 Mn | 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 |