Growth Metrics

Terawulf (WULF) EBITDA (2016 - 2025)

Terawulf (WULF) has disclosed EBITDA for 16 consecutive years, with -$58.6 million as the latest value for Q4 2025.

  • Quarterly EBITDA fell 60.6% to -$58.6 million in Q4 2025 from the year-ago period, while the trailing twelve-month figure was -$97.6 million through Dec 2025, down 494.93% year-over-year, with the annual reading at -$97.6 million for FY2025, 494.93% down from the prior year.
  • EBITDA hit -$58.6 million in Q4 2025 for Terawulf, down from $1.8 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 -$58.6 million in Q4 2025.
  • Historically, EBITDA has averaged -$10.1 million across 5 years, with a median of -$2.7 million in 2021.
  • Biggest five-year swings in EBITDA: tumbled 14662.6% in 2021 and later soared 2791.18% in 2025.
  • Year by year, EBITDA stood at -$41.7 million in 2021, then soared by 79.77% to -$8.4 million in 2022, then soared by 142.64% to $3.6 million in 2023, then tumbled by 1113.61% to -$36.5 million in 2024, then tumbled by 60.6% to -$58.6 million in 2025.
  • Business Quant data shows EBITDA for WULF at -$58.6 million in Q4 2025, $1.8 million in Q3 2025, and $3.2 million in Q2 2025.