Terawulf (WULF) EBT (2010 - 2026)
Terawulf's (WULF) quarterly EBT came in at -$929.7 million in Q2 2026, down 4961.16% year-over-year from $19.1 million in Q2 2025, and down 123.43% quarter-over-quarter from -$416.1 million in Q1 2026.
Analysis
Terawulf (WULF) EBT (2010 - 2026) Analysis & Trends
Terawulf has disclosed EBT across 17 years of filings, most recently posting -$929.7 million for Q2 2026.
- In Q2 2026, EBT fell 4961.16% year-over-year to -$929.7 million; the TTM figure through Jun 2026 stood at -$1.9 billion (down 1168.32% YoY), while the FY2025 annual figure was -$657.2 million, down 568.01% from the prior year.
- EBT came in at -$929.7 million for Q2 2026 at Terawulf, down from -$416.1 million in the prior quarter.
- In the past five years, EBT ranged from a high of -$11.6 million in Q2 2024 to a low of -$929.7 million in Q2 2026.
- Average EBT over 5 years is -$124.2 million, with a median of -$20.0 million recorded in 2023.
- Year-over-year, EBT soared 48.52% in 2022 and plunged 4961.16% in 2026.
- Over 5 years, EBT stood at -$23.4 million in 2022, then surged by 40.99% to -$13.8 million in 2023, then tumbled by 274.67% to -$51.8 million in 2024, then slumped by 136.25% to -$122.4 million in 2025, then tumbled by 659.76% to -$929.7 million in 2026.
- Per Business Quant data, the three most recent EBT figures were -$929.7 million in Q2 2026, -$416.1 million in Q1 2026, and -$122.4 million in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT (Qtr) |
|---|---|---|---|---|---|
| 1 | Equinix | 100.35 Bn | 98.13 Bn | 1.40 Bn | 523.00 Mn |
| 2 | Terawulf | 7.45 Bn | 4.69 Bn | 32.37 Mn | -929.74 Mn |
| 3 | Cipher Digital | 6.82 Bn | 2.80 Bn | 9.79 Mn | -267.16 Mn |
| 4 | Applied Digital | 6.71 Bn | 2.74 Bn | 97.29 Mn | -79.62 Mn |
| 5 | GDS Holdings | 5.78 Bn | 3.59 Bn | 97.89 Mn | 118.37 Mn |
| 6 | Core Scientific | 5.48 Bn | 3.54 Bn | 70.04 Mn | -1.15 Bn |
| 7 | Vnet | 1.63 Bn | 636.30 Mn | 74.45 Mn | 5.50 Mn |
| 8 | Sify Technologies | 1.44 Bn | 1.44 Bn | 51.65 Mn | 12.53 Mn |
| 9 | WhiteFiber | 666.74 Mn | 606.37 Mn | 18.88 Mn | -15.73 Mn |
| 10 | Vulcan Infrastructure & Power | 432.00 Mn | 428.80 Mn | -1.25 Mn | -9.90 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -929.74 Mn |
| Mar 31, 2026 | -416.13 Mn |
| Dec 31, 2025 | -122.37 Mn |
| Sep 30, 2025 | -455.05 Mn |
| Jun 30, 2025 | -18.37 Mn |
| Mar 31, 2025 | -61.42 Mn |
| Dec 31, 2024 | -51.80 Mn |
| Sep 30, 2024 | -20.05 Mn |
| Jun 30, 2024 | -11.64 Mn |
| Mar 31, 2024 | -14.89 Mn |
| Dec 31, 2023 | -13.83 Mn |
| Sep 30, 2023 | -19.88 Mn |
| Jun 30, 2023 | -14.24 Mn |
| Mar 31, 2023 | -16.06 Mn |
| Dec 31, 2022 | -23.43 Mn |
| Sep 30, 2022 | -20.60 Mn |
| Jun 30, 2022 | -11.96 Mn |
| Mar 31, 2022 | -14.49 Mn |
| Dec 31, 2021 | -45.52 Mn |
| Sep 30, 2021 | -6.03 Mn |