Terawulf (WULF) Debt Ratio (2016 - 2026)
Terawulf's (WULF) quarterly Debt Ratio came in at 0.52 in Q2 2026, up 1416.65% year-over-year from 0.03 in Q2 2025, and down 0.67% quarter-over-quarter from 0.53 in Q1 2026.
Analysis
Terawulf (WULF) Debt Ratio (2016 - 2026) Analysis & Trends
Terawulf has disclosed Debt Ratio across 11 years of filings, most recently posting 0.52 for Q2 2026.
- In Q2 2026, Debt Ratio rose 1416.65% year-over-year to 0.52; the TTM figure through Jun 2026 stood at 0.52 (up 1416.65% YoY), while the FY2025 annual figure was 0.55, changed N/A from the prior year.
- Debt Ratio came in at 0.52 for Q2 2026 at Terawulf, down from 0.53 in the prior quarter.
- In the past five years, Debt Ratio ranged from a high of 0.65 in Q4 2023 to a low of 0.03 in Q2 2025.
- Average Debt Ratio over 5 years is 0.45, with a median of 0.5 recorded in 2024.
- Year-over-year, Debt Ratio slumped 88.56% in 2025 and soared 1416.65% in 2026.
- Over 5 years, Debt Ratio stood at 0.57 in 2022, then rose by 15.2% to 0.65 in 2023, then tumbled by 53.83% to 0.3 in 2024, then jumped by 81.41% to 0.55 in 2025, then retreated by 4.35% to 0.52 in 2026.
- Per Business Quant data, the three most recent Debt Ratio figures were 0.52 in Q2 2026, 0.53 in Q1 2026, and 0.55 in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Equinix | 100.35 Bn | 98.13 Bn | 1.40 Bn | 0.48 |
| 2 | Terawulf | 7.45 Bn | 4.69 Bn | 32.37 Mn | 0.52 |
| 3 | Cipher Digital | 6.82 Bn | 2.80 Bn | 9.79 Mn | 0.75 |
| 4 | Applied Digital | 6.71 Bn | 2.74 Bn | 97.29 Mn | 0.50 |
| 5 | GDS Holdings | 5.78 Bn | 3.59 Bn | 97.89 Mn | 0.32 |
| 6 | Core Scientific | 5.48 Bn | 3.54 Bn | 70.04 Mn | 1.16 |
| 7 | Vnet | 1.63 Bn | 636.30 Mn | 74.45 Mn | 10.14 |
| 8 | Sify Technologies | 1.44 Bn | 1.44 Bn | 51.65 Mn | - |
| 9 | WhiteFiber | 666.74 Mn | 606.37 Mn | 18.88 Mn | 0.07 |
| 10 | Vulcan Infrastructure & Power | 432.00 Mn | 428.80 Mn | -1.25 Mn | 1.89 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 0.52 |
| Mar 31, 2026 | 0.53 |
| Dec 31, 2025 | 0.55 |
| Jun 30, 2025 | 0.03 |
| Jun 30, 2024 | 0.30 |
| Mar 31, 2024 | 0.50 |
| Dec 31, 2023 | 0.65 |
| Sep 30, 2023 | 0.65 |
| Jun 30, 2023 | 0.41 |
| Mar 31, 2023 | 0.39 |
| Dec 31, 2022 | 0.57 |
| Sep 30, 2022 | 0.38 |
| Mar 31, 2022 | 0.41 |
| Dec 31, 2021 | 0.40 |
| Mar 31, 2021 | 0.14 |
| Dec 31, 2020 | 0.17 |
| Sep 30, 2020 | 0.26 |
| Jun 30, 2020 | 0.26 |
| Mar 31, 2020 | 0.18 |
| Dec 31, 2019 | 0.17 |