Terawulf (WULF) EBITDA (2010 - 2026)

Terawulf (WULF) posted EBITDA of -$133.7 million for Q1 2026, down 128.14% sequentially from -$58.6 million in Q4 2025, and down 203.41% YoY from $129.3 million in Q1 2025.

Terawulf (WULF) EBITDA (2010 - 2026) Analysis & Trends

Terawulf (WULF) has 17 years of EBITDA data on file, last reported at -$133.7 million in Q1 2026.

  • Quarterly EBITDA fell 203.41% year-over-year to -$133.7 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was -$187.2 million (down 155.66% YoY) and the FY2025 annual result came in at -$97.6 million, down 494.93% from the prior year.
  • EBITDA eased to -$133.7 million in Q1 2026 per WULF's latest filing, from -$58.6 million in the prior quarter.
  • The five-year high for EBITDA was $12.8 million in Q1 2024, with the low at -$133.7 million in Q1 2026.
  • Average EBITDA over 5 years is -$16.8 million, with a median of -$3.8 million recorded in 2023.
  • Year-over-year, EBITDA plunged 1113.61% in 2024 and surged 2791.18% in 2025.
  • Terawulf's EBITDA stood at -$8.4 million in 2022, then jumped by 142.64% to $3.6 million in 2023, then sank by 1113.61% to -$36.5 million in 2024, then slumped by 60.6% to -$58.6 million in 2025, then tumbled by 128.14% to -$133.7 million in 2026.
  • Business Quant data shows WULF's EBITDA at -$133.7 million in Q1 2026, -$58.6 million in Q4 2025, and $1.8 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) EBITDA (Qtr)
1 Morgan Stanley 330.70 Bn 197.17 Bn - 19.58 Bn
2 Goldman Sachs 309.79 Bn -627.76 Bn - 23.57 Bn
3 Schwab Charles 167.21 Bn 122.24 Bn - 4.01 Bn
4 Futu Holdings 111.36 Bn 109.19 Bn 733.58 Mn 441.58 Mn
5 Robinhood Markets 97.69 Bn 93.05 Bn 960.00 Mn 304.00 Mn
6 LPL Financial Holdings 23.49 Bn 22.47 Bn - 584.88 Mn
7 Tradeweb Markets 21.59 Bn 20.34 Bn - 294.45 Mn
8 Circle Internet 15.14 Bn 13.62 Bn 35.01 Mn 46.00 Mn
9 Iren 14.46 Bn 12.24 Bn 144.76 Mn -254.94 Mn
10 Terawulf 9.97 Bn 7.15 Bn 31.65 Mn -133.67 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 -133.67 Mn
Dec 31, 2025 -58.59 Mn
Sep 30, 2025 1.83 Mn
Jun 30, 2025 3.20 Mn
Mar 31, 2025 -44.05 Mn
Dec 31, 2024 -36.48 Mn
Sep 30, 2024 -68,000.00
Jun 30, 2024 7.37 Mn
Mar 31, 2024 12.77 Mn
Dec 31, 2023 3.60 Mn
Sep 30, 2023 -1.47 Mn
Jun 30, 2023 583,000.00
Mar 31, 2023 -3.79 Mn
Dec 31, 2022 -8.44 Mn
Sep 30, 2022 -11.86 Mn
Jun 30, 2022 -7.62 Mn
Mar 31, 2022 -9.16 Mn
Dec 31, 2021 -41.72 Mn
Sep 30, 2021 -6.03 Mn
Jun 30, 2021 -644,093.00