Cash Flow Statement
Growth Metrics

Terawulf (WULF) EBT (2016 - 2026)

Terawulf's EBT history spans 16 years, with the latest figure at -$122.4 million for Q4 2025.

  • On a quarterly basis, EBT fell 136.25% to -$122.4 million in Q4 2025 year-over-year; TTM through Dec 2025 was -$657.2 million, a 568.01% decrease, with the full-year FY2025 number at -$657.2 million, down 568.01% from a year prior.
  • EBT hit -$122.4 million in Q4 2025 for Terawulf, up from -$455.0 million in the prior quarter.
  • Over the last five years, EBT for WULF hit a ceiling of -$721453.0 in Q2 2021 and a floor of -$455.0 million in Q3 2025.
  • Historically, EBT has averaged -$47.1 million across 5 years, with a median of -$17.2 million in 2023.
  • Biggest five-year swings in EBT: plummeted 3061.11% in 2021 and later surged 46.72% in 2022.
  • Tracing WULF's EBT over 5 years: stood at -$44.0 million in 2021, then surged by 46.72% to -$23.4 million in 2022, then soared by 40.99% to -$13.8 million in 2023, then crashed by 274.67% to -$51.8 million in 2024, then crashed by 136.25% to -$122.4 million in 2025.
  • Business Quant data shows EBT for WULF at -$122.4 million in Q4 2025, -$455.0 million in Q3 2025, and -$18.4 million in Q2 2025.