Terawulf (WULF) Debt to Equity (2016 - 2026)
Terawulf (WULF) posted Debt to Equity of -$39.4 for Q1 2026, down 281.3% sequentially from $21.73 in Q4 2025.
Terawulf (WULF) Debt to Equity (2016 - 2026) Analysis & Trends
Terawulf (WULF) has 11 years of Debt to Equity data on file, last reported at -$39.4 in Q1 2026.
- Quarterly Debt to Equity changed N/A year-over-year to -$39.4 in Q1 2026, while the trailing twelve-month figure through Mar 2026 was -$39.4 (changed N/A YoY) and the FY2025 annual result came in at $21.73, changed N/A from the prior year.
- Debt to Equity declined to -$39.4 in Q1 2026 per WULF's latest filing, from $21.73 in the prior quarter.
- The five-year high for Debt to Equity was $21.73 in Q4 2025, with the low at -$39.4 in Q1 2026.
- Average Debt to Equity over 5 years is -$0.94, with a median of $0.75 recorded in 2022.
- Year-over-year, Debt to Equity jumped 1656.06% in 2022 and tumbled 78.77% in 2024.
- Terawulf's Debt to Equity stood at $1.06 in 2022, then tumbled by 47.66% to $0.56 in 2023, then tumbled by 66.26% to $0.19 in 2024, then surged by 11503.59% to $21.73 in 2025, then sank by 281.3% to -$39.4 in 2026.
- Business Quant data shows WULF's Debt to Equity at -$39.4 in Q1 2026, $21.73 in Q4 2025, and $0.17 in Q2 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt/Equity (Qtr) |
|---|---|---|---|---|---|
| 1 | Morgan Stanley | 330.70 Bn | 197.17 Bn | - | 1.04 |
| 2 | Goldman Sachs | 309.79 Bn | -627.76 Bn | - | 2.11 |
| 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 | -39.40 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -39.40 |
| Dec 31, 2025 | 21.73 |
| Jun 30, 2025 | 0.17 |
| Jun 30, 2024 | 0.19 |
| Mar 31, 2024 | 0.37 |
| Dec 31, 2023 | 0.56 |
| Sep 30, 2023 | 0.81 |
| Jun 30, 2023 | 0.88 |
| Mar 31, 2023 | 0.82 |
| Dec 31, 2022 | 1.06 |
| Sep 30, 2022 | 0.69 |
| Mar 31, 2022 | 0.89 |
| Dec 31, 2021 | 0.87 |
| Mar 31, 2021 | 0.05 |
| Dec 31, 2020 | 0.23 |
| Sep 30, 2020 | 0.38 |
| Jun 30, 2020 | 0.37 |
| Mar 31, 2020 | 0.24 |
| Dec 31, 2019 | 0.23 |
| Sep 30, 2019 | 0.23 |