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| Date | Value |
|---|---|
| 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 |