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
DateValue
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