Cash Flow Statement
Growth Metrics

Terawulf (WULF) EBIAT (2016 - 2026)

Terawulf's EBIAT history spans 16 years, with the latest figure at -$126.6 million for Q4 2025.

  • On a quarterly basis, EBIAT fell 49.82% to -$126.6 million in Q4 2025 year-over-year; TTM through Dec 2025 was -$661.4 million, a 417.91% decrease, with the full-year FY2025 number at -$661.4 million, down 813.33% from a year prior.
  • EBIAT hit -$126.6 million in Q4 2025 for Terawulf, up from -$455.0 million in the prior quarter.
  • Over the last five years, EBIAT for WULF hit a ceiling of -$722276.0 in Q2 2021 and a floor of -$455.0 million in Q3 2025.
  • Historically, EBIAT has averaged -$52.4 million across 5 years, with a median of -$18.7 million in 2023.
  • Biggest five-year swings in EBIAT: tumbled 6524.82% in 2021 and later surged 78.62% in 2022.
  • Tracing WULF's EBIAT over 5 years: stood at -$94.0 million in 2021, then surged by 78.62% to -$20.1 million in 2022, then surged by 47.74% to -$10.5 million in 2023, then plummeted by 704.48% to -$84.5 million in 2024, then plummeted by 49.82% to -$126.6 million in 2025.
  • Business Quant data shows EBIAT for WULF at -$126.6 million in Q4 2025, -$455.0 million in Q3 2025, and -$18.4 million in Q2 2025.