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 338.83 Bn 205.30 Bn -
2 Goldman Sachs 316.34 Bn -660.01 Bn -
3 Schwab Charles 220.55 Bn 135.80 Bn -
4 Futu Holdings 121.48 Bn 105.59 Bn 733.58 Mn
5 Robinhood Markets 84.07 Bn 66.74 Bn 1.20 Bn
6 Iren 68.17 Bn 65.95 Bn 104.86 Mn
7 ATIF Holdings 45.42 Bn 45.42 Bn -
8 Interactive Brokers 39.54 Bn -3.28 Bn -
9 LPL Financial Holdings 28.27 Bn 25.57 Bn -
10 Terawulf 8.49 Bn 5.66 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