Terawulf WULF
NASDAQ WULF
$15.48 -0.16 (-1.05%)
As of: Aug 24, 2026 · 3:59 PM EDT

Terawulf (WULF) EBITDA (2010 - 2026)

Terawulf (WULF) posted EBITDA of -$162.1 million for Q1 2026, down 87.83% sequentially from -$86.3 million in Q4 2025, and down 171.92% YoY from $225.4 million in Q1 2025.

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

Terawulf has reported EBITDA for 17 years, with the latest figure at -$162.1 million in Q1 2026.

  • Quarterly EBITDA fell 171.92% year-over-year to -$162.1 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was -$288.7 million (down 116.23% YoY) and the FY2025 annual result came in at -$186.2 million, down 144.32% from the prior year.
  • EBITDA declined to -$162.1 million in Q1 2026 per WULF's latest filing, from -$86.3 million in the prior quarter.
  • Over five years, EBITDA peaked at -$2.3 million in Q1 2024 and troughed at -$162.1 million in Q1 2026.
  • A 5-year average of -$29.3 million and a median of -$13.4 million in 2022 frame the typical range for EBITDA.
  • The sharpest annual moves came in 2024 and 2025: EBITDA surged 74.88% in 2024, then sank 2474.61% in 2025.
  • Over 5 years, EBITDA stood at -$13.4 million in 2022, then jumped by 65.15% to -$4.7 million in 2023, then sank by 1002.1% to -$51.4 million in 2024, then plunged by 67.87% to -$86.3 million in 2025, then sank by 87.83% to -$162.1 million in 2026.
  • According to Business Quant data, EBITDA over the past three periods registered -$162.1 million, -$86.3 million, and -$24.7 million for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) EBITDA (Qtr)
1 Morgan Stanley 333.21 Bn 173.07 Bn - 20.47 Bn
2 Goldman Sachs 311.14 Bn -665.21 Bn - 26.66 Bn
3 Schwab Charles 196.95 Bn 123.36 Bn - 4.46 Bn
4 Robinhood Markets 93.19 Bn 75.81 Bn 1.20 Bn 470.00 Mn
5 Interactive Brokers 41.71 Bn -22.59 Bn - 2.64 Bn
6 LPL Financial Holdings 29.06 Bn 26.36 Bn - 617.01 Mn
7 Tradeweb Markets 23.03 Bn 20.97 Bn - 252.46 Mn
8 Circle Internet 21.70 Bn 19.97 Bn 288.85 Mn 35.36 Mn
9 Futu Holdings 16.14 Bn 214.18 Mn 733.58 Mn 532.81 Mn
10 Terawulf 7.54 Bn 4.78 Bn 32.37 Mn -119.21 Mn

Historic Data

Download Data
DateValue
Jun 30, 2026 -140.45 Mn
Mar 31, 2026 -162.14 Mn
Dec 31, 2025 -86.32 Mn
Sep 30, 2025 -24.67 Mn
Jun 30, 2025 -15.59 Mn
Mar 31, 2025 -59.63 Mn
Dec 31, 2024 -51.42 Mn
Sep 30, 2024 -15.71 Mn
Jun 30, 2024 -6.77 Mn
Mar 31, 2024 -2.32 Mn
Dec 31, 2023 -4.67 Mn
Sep 30, 2023 -9.69 Mn
Jun 30, 2023 -5.85 Mn
Mar 31, 2023 -9.22 Mn
Dec 31, 2022 -13.39 Mn
Sep 30, 2022 -13.37 Mn
Jun 30, 2022 -7.82 Mn
Mar 31, 2022 -9.17 Mn
Dec 31, 2021 -41.72 Mn
Sep 30, 2021 -6.03 Mn