Terawulf (WULF) EBT (2010 - 2026)
Terawulf's (WULF) quarterly EBT came in at -$416.1 million in Q1 2026, down 577.53% year-on-year from $87.1 million in Q1 2025, and down 240.05% quarter-over-quarter from -$122.4 million in Q4 2025.
Terawulf (WULF) EBT (2010 - 2026) Analysis & Trends
Terawulf has disclosed EBT across 17 years of filings, most recently posting -$416.1 million for Q1 2026.
- EBT for Q1 2026 came in at -$416.1 million, down 577.53% year-over-year; the trailing twelve-month figure through Mar 2026 was -$1.0 billion (down 598.29% YoY), and the FY2025 annual result was -$657.2 million, down 568.01% from the prior year.
- EBT came in at -$416.1 million for Q1 2026 at Terawulf, down from -$122.4 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 -$455.0 million in Q3 2025.
- The 5-year median for EBT is -$19.9 million (2023), against an average of -$76.8 million.
- Across the five-year window, EBT soared 46.72% in 2022 and plunged 2169.12% in 2025, its largest moves.
- Terawulf's EBT stood at -$23.4 million in 2022, then surged by 40.99% to -$13.8 million in 2023, then sank by 274.67% to -$51.8 million in 2024, then plunged by 136.25% to -$122.4 million in 2025, then plunged by 240.05% to -$416.1 million in 2026.
- The last three EBT figures came in at -$416.1 million (Q1 2026), -$122.4 million (Q4 2025), and -$455.0 million (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT (Qtr) |
|---|---|---|---|---|---|
| 1 | SOL Strategies | 100,773.79 Bn | 100,773.79 Bn | - | -65.54 Mn |
| 2 | Morgan Stanley | 331.35 Bn | 197.82 Bn | - | 7.01 Bn |
| 3 | Goldman Sachs | 317.73 Bn | -619.82 Bn | - | 6.49 Bn |
| 4 | Schwab Charles | 153.74 Bn | 108.77 Bn | - | 3.19 Bn |
| 5 | Robinhood Markets | 75.98 Bn | 71.34 Bn | 960.00 Mn | 411.00 Mn |
| 6 | Interactive Brokers | 38.91 Bn | 49.50 Bn | - | 1.29 Bn |
| 7 | LPL Financial Holdings | 22.76 Bn | 21.73 Bn | - | 484.58 Mn |
| 8 | Tradeweb Markets | 20.90 Bn | 19.65 Bn | - | 302.92 Mn |
| 9 | Circle Internet | 20.00 Bn | 18.49 Bn | 35.01 Mn | 56.69 Mn |
| 10 | Terawulf | 2.09 Bn | -734.82 Mn | 31.65 Mn | -416.13 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 | -43.98 Mn |
| Sep 30, 2021 | -6.03 Mn |
| Jun 30, 2021 | -721,453.00 |