Growth Metrics

Terawulf (WULF) EBITDA (2016 - 2025)

Terawulf's EBITDA history spans 16 years, with the latest figure at -$58.6 million for Q4 2025.

  • For Q4 2025, EBITDA fell 60.6% year-over-year to -$58.6 million; the TTM value through Dec 2025 reached -$97.6 million, down 494.93%, while the annual FY2025 figure was -$97.6 million, 494.93% down from the prior year.
  • EBITDA for Q4 2025 was -$58.6 million at Terawulf, down from $1.8 million in the prior quarter.
  • Across five years, EBITDA topped out at $4.0 billion in Q1 2022 and bottomed at -$4.0 billion in Q2 2022.
  • The 5-year median for EBITDA is -$1.5 million (2023), against an average of -$8.4 million.
  • The largest YoY upside for EBITDA was 238216.53% in 2022 against a maximum downside of 622110.15% in 2022.
  • A 5-year view of EBITDA shows it stood at -$6.0 million in 2021, then tumbled by 39.87% to -$8.4 million in 2022, then surged by 142.64% to $3.6 million in 2023, then plummeted by 1113.61% to -$36.5 million in 2024, then plummeted by 60.6% to -$58.6 million in 2025.
  • Per Business Quant, the three most recent readings for WULF's EBITDA are -$58.6 million (Q4 2025), $1.8 million (Q3 2025), and $3.2 million (Q2 2025).