Terawulf WULF
NASDAQ WULF
$15.40 +0.91 (+6.31%)
As of: Sep 16, 2026 · 3:59 PM EDT

Terawulf (WULF) EBITDA (2010 - 2026)

Terawulf's (WULF) quarterly EBITDA came in at -$119.2 million in Q2 2026, down 3829.94% year-over-year from $3.2 million in Q2 2025, and up 10.82% quarter-over-quarter from -$133.7 million in Q1 2026.

Analysis

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

Terawulf has disclosed EBITDA across 17 years of filings, most recently posting -$119.2 million for Q2 2026.

  • In Q2 2026, EBITDA fell 3829.94% year-over-year to -$119.2 million; the TTM figure through Jun 2026 stood at -$309.6 million (down 300.01% YoY), while the FY2025 annual figure was -$97.6 million, down 494.93% from the prior year.
  • EBITDA came in at -$119.2 million for Q2 2026 at Terawulf, up from -$133.7 million in the prior quarter.
  • In the past five years, EBITDA ranged from a high of $12.8 million in Q1 2024 to a low of -$133.7 million in Q1 2026.
  • Average EBITDA over 5 years is -$22.5 million, with a median of -$5.7 million recorded in 2022.
  • Year-over-year, EBITDA surged 2791.18% in 2025 and plunged 3829.94% in 2026.
  • Over 5 years, EBITDA stood at -$8.4 million in 2022, then jumped by 142.64% to $3.6 million in 2023, then slumped by 1113.61% to -$36.5 million in 2024, then tumbled by 60.6% to -$58.6 million in 2025, then tumbled by 103.47% to -$119.2 million in 2026.
  • Per Business Quant data, the three most recent EBITDA figures were -$119.2 million in Q2 2026, -$133.7 million in Q1 2026, and -$58.6 million in Q4 2025.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) EBITDA (Qtr)
1 Equinix 100.35 Bn 98.13 Bn 1.40 Bn 665.00 Mn
2 Terawulf 7.45 Bn 4.69 Bn 32.37 Mn -119.21 Mn
3 Cipher Digital 6.82 Bn 2.80 Bn 9.79 Mn -59.94 Mn
4 Applied Digital 6.71 Bn 2.74 Bn 97.29 Mn -124.82 Mn
5 GDS Holdings 5.78 Bn 3.59 Bn 97.89 Mn 64.50 Mn
6 Core Scientific 5.48 Bn 3.54 Bn 70.04 Mn -78.47 Mn
7 Vnet 1.63 Bn 636.30 Mn 74.45 Mn 135.34 Mn
8 Sify Technologies 1.44 Bn 1.44 Bn 51.65 Mn 31.74 Mn
9 WhiteFiber 666.74 Mn 606.37 Mn 18.88 Mn -2.69 Mn
10 Vulcan Infrastructure & Power 432.00 Mn 428.80 Mn -1.25 Mn -8.54 Mn
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 -119.21 Mn
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