Terawulf (WULF) Debt Ratio (2016 - 2026)

Terawulf's (WULF) quarterly Debt Ratio came in at 0.44 in Q1 2026, down 4.85% quarter-over-quarter from 0.47 in Q4 2025.

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

Terawulf has disclosed Debt Ratio across 11 years of filings, most recently posting 0.44 for Q1 2026.

  • Debt Ratio for Q1 2026 came in at 0.44, changed N/A year-over-year; the trailing twelve-month figure through Mar 2026 was 0.44 (changed N/A YoY), and the FY2025 annual result was 0.47, changed N/A from the prior year.
  • Debt Ratio came in at 0.44 for Q1 2026 at Terawulf, down from 0.47 in the prior quarter.
  • In the past five years, Debt Ratio ranged from a high of 0.47 in Q4 2025 to a low of 0.03 in Q2 2025.
  • The 5-year median for Debt Ratio is 0.39 (2022), against an average of 0.33.
  • Across the five-year window, Debt Ratio surged 726.76% in 2022 and plunged 77.12% in 2025, its largest moves.
  • Terawulf's Debt Ratio stood at 0.39 in 2022, then fell by 16.91% to 0.33 in 2023, then tumbled by 53.83% to 0.15 in 2024, then surged by 208.54% to 0.47 in 2025, then retreated by 4.85% to 0.44 in 2026.
  • The last three Debt Ratio figures came in at 0.44 (Q1 2026), 0.47 (Q4 2025), and 0.03 (Q2 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Debt Ratio (Qtr)
1 SOL Strategies 96,012.83 Bn 96,012.83 Bn - -
2 Morgan Stanley 328.23 Bn 194.70 Bn - 0.08
3 Goldman Sachs 313.22 Bn -624.33 Bn - 0.13
4 Schwab Charles 154.90 Bn 109.92 Bn - -
5 Robinhood Markets 75.17 Bn 70.53 Bn 960.00 Mn -
6 Interactive Brokers 38.41 Bn 49.00 Bn - -
7 LPL Financial Holdings 23.13 Bn 22.10 Bn - -
8 Tradeweb Markets 21.12 Bn 19.87 Bn - -
9 Circle Internet 19.75 Bn 18.24 Bn 35.01 Mn -
10 Terawulf 2.04 Bn -780.52 Mn 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