Terawulf (WULF) Enterprise Value (2010 - 2026)
Terawulf's Enterprise Value came in at $9.7 billion for Q2 2026, up 462.3% from $1.73 billion a year earlier and up 176.9% from the prior quarter.
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Analysis
Terawulf (WULF) Enterprise Value (2010 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Terawulf reported Enterprise Value of $3.1 billion, up 156.0% year-over-year; for FY2025, it came in at $1.56 billion, down 22.5% from FY2024.
- Enterprise Value carries a five-year compound annual growth rate of 149.9% (FY2020 to FY2025).
- Going back by year, Enterprise Value was $2.01 billion in FY2024 (+348.1%), $449.46 million in FY2023 (+517.1%), $72.83 million in FY2022 (-95.0%) and $1.46 billion in FY2021.
- The Q2 2026 figure represents the highest quarterly Enterprise Value in data going back to Q2 2010.
- Year-over-year, Enterprise Value increased in seven of the last eight quarters, with growth averaging 221.3%.
- The fastest year-over-year change in Enterprise Value over five years came in Q3 2024 (growth of 517.7%), and the weakest in Q4 2022 (a decline of 95.0%).
- Business Quant data shows WULF's Enterprise Value at $3.5 billion (Q1 2026), $1.56 billion (Q4 2025) and $4.3 billion (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Microsoft | 3,961.51 Bn | 3,884.67 Bn | 60.48 Bn |
| 2 | International Business Machines | 215.03 Bn | 165.84 Bn | 9.91 Bn |
| 3 | Cloudflare | 114.69 Bn | 98.22 Bn | 499.52 Mn |
| 4 | Equinix | 98.17 Bn | 86.73 Bn | 1.40 Bn |
| 5 | Nebius | 44.92 Bn | 18.35 Bn | 448.70 Mn |
| 6 | CoreWeave | 36.20 Bn | 23.29 Bn | 1.70 Bn |
| 7 | Verisign | 27.35 Bn | 24.56 Bn | 384.60 Mn |
| 8 | Nutanix | 18.78 Bn | 10.46 Bn | 651.35 Mn |
| 9 | GoDaddy | 13.53 Bn | 9.11 Bn | 828.20 Mn |
| 10 | Terawulf | 5.64 Bn | -3.59 Bn | 32.37 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 9.70 Bn |
| Mar 31, 2026 | 3.50 Bn |
| Dec 31, 2025 | 1.56 Bn |
| Sep 30, 2025 | 4.30 Bn |
| Jun 30, 2025 | 1.73 Bn |
| Mar 31, 2025 | 896.22 Mn |
| Dec 31, 2024 | 2.01 Bn |
| Sep 30, 2024 | 1.77 Bn |
| Jun 30, 2024 | 1.56 Bn |
| Mar 31, 2024 | 750.86 Mn |
| Dec 31, 2023 | 449.46 Mn |
| Sep 30, 2023 | 286.01 Mn |
| Jun 30, 2023 | 369.86 Mn |
| Mar 31, 2023 | 158.11 Mn |
| Dec 31, 2022 | 72.83 Mn |
| Sep 30, 2022 | 140.96 Mn |
| Jun 30, 2022 | 124.94 Mn |
| Mar 31, 2022 | 843.04 Mn |
| Dec 31, 2021 | 1.46 Bn |
| Sep 30, 2021 | 54.77 Mn |
API Access
Terawulf Enterprise Value API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=enterprise-value&ticker=WULF&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "enterprise-value", "ticker": "WULF", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=enterprise-value&ticker=WULF&period=max&api_key=YOUR_API_KEY");
const data = await res.json();