Terawulf (WULF) Debt Ratio (2016 - 2026)

Terawulf (WULF) posted Debt Ratio of 0.44 for Q1 2026, down 4.85% sequentially from 0.47 in Q4 2025.

Terawulf (WULF) Debt Ratio (2016 - 2026) Analysis & Trends

Terawulf (WULF) has 11 years of Debt Ratio data on file, last reported at 0.44 in Q1 2026.

  • Quarterly Debt Ratio changed N/A year-over-year to 0.44 in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 0.44 (changed N/A YoY) and the FY2025 annual result came in at 0.47, changed N/A from the prior year.
  • Debt Ratio declined to 0.44 in Q1 2026 per WULF's latest filing, from 0.47 in the prior quarter.
  • The five-year high for Debt Ratio was 0.47 in Q4 2025, with the low at 0.03 in Q2 2025.
  • Average Debt Ratio over 5 years is 0.33, with a median of 0.39 recorded in 2022.
  • Year-over-year, Debt Ratio soared 726.76% in 2022 and slumped 77.12% in 2025.
  • Terawulf's Debt Ratio stood at 0.39 in 2022, then slipped by 16.91% to 0.33 in 2023, then plunged by 53.83% to 0.15 in 2024, then surged by 208.54% to 0.47 in 2025, then dropped by 4.85% to 0.44 in 2026.
  • Business Quant data shows WULF's Debt Ratio at 0.44 in Q1 2026, 0.47 in Q4 2025, and 0.03 in Q2 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Debt Ratio (Qtr)
1 Morgan Stanley 330.70 Bn 197.17 Bn - 0.08
2 Goldman Sachs 309.79 Bn -627.76 Bn - 0.13
3 Schwab Charles 167.21 Bn 122.24 Bn - -
4 Futu Holdings 111.36 Bn 109.19 Bn 733.58 Mn 0.00
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 0.44

Historic Data

Download Data
DateValue
Mar 31, 2026 0.44
Dec 31, 2025 0.47
Jun 30, 2025 0.03
Jun 30, 2024 0.15
Mar 31, 2024 0.25
Dec 31, 2023 0.33
Sep 30, 2023 0.40
Jun 30, 2023 0.40
Mar 31, 2023 0.38
Dec 31, 2022 0.39
Sep 30, 2022 0.27
Mar 31, 2022 0.40
Dec 31, 2021 0.40
Mar 31, 2021 0.05
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
Sep 30, 2019 0.17