Terawulf (WULF) EBITDA (2010 - 2026)

Terawulf's (WULF) quarterly EBITDA came in at -$133.7 million in Q1 2026, down 203.41% year-on-year from $129.3 million in Q1 2025, and down 128.14% quarter-over-quarter from -$58.6 million in Q4 2025.

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

Terawulf has disclosed EBITDA across 17 years of filings, most recently posting -$133.7 million for Q1 2026.

  • EBITDA for Q1 2026 came in at -$133.7 million, down 203.41% year-over-year; the trailing twelve-month figure through Mar 2026 was -$187.2 million (down 155.66% YoY), and the FY2025 annual result was -$97.6 million, down 494.93% from the prior year.
  • EBITDA came in at -$133.7 million for Q1 2026 at Terawulf, down from -$58.6 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.
  • The 5-year median for EBITDA is -$3.8 million (2023), against an average of -$16.8 million.
  • Across the five-year window, EBITDA slumped 1113.61% in 2024 and jumped 2791.18% in 2025, its largest moves.
  • Terawulf's EBITDA stood at -$8.4 million in 2022, then jumped by 142.64% to $3.6 million in 2023, then plunged by 1113.61% to -$36.5 million in 2024, then sank by 60.6% to -$58.6 million in 2025, then slumped by 128.14% to -$133.7 million in 2026.
  • The last three EBITDA figures came in at -$133.7 million (Q1 2026), -$58.6 million (Q4 2025), and $1.8 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) EBITDA (Qtr)
1 SOL Strategies 100,773.79 Bn 100,773.79 Bn - -35.15 Mn
2 Morgan Stanley 331.35 Bn 197.82 Bn - 19.58 Bn
3 Goldman Sachs 317.73 Bn -619.82 Bn - 23.57 Bn
4 Schwab Charles 153.74 Bn 108.77 Bn - 4.01 Bn
5 Robinhood Markets 75.98 Bn 71.34 Bn 960.00 Mn 304.00 Mn
6 Interactive Brokers 38.91 Bn 49.50 Bn - 246.00 Mn
7 LPL Financial Holdings 22.76 Bn 21.73 Bn - 584.88 Mn
8 Tradeweb Markets 20.90 Bn 19.65 Bn - 294.45 Mn
9 Circle Internet 20.00 Bn 18.49 Bn 35.01 Mn 46.00 Mn
10 Terawulf 2.09 Bn -734.82 Mn 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