Terawulf (WULF) Equity Ratio (2010 - 2026)

Terawulf's (WULF) quarterly Equity Ratio came in at 0.01 in Q1 2026, down 105.55% year-on-year from 0.2 in Q1 2025, and down 152.48% quarter-over-quarter from 0.02 in Q4 2025.

Terawulf (WULF) Equity Ratio (2010 - 2026) Analysis & Trends

Terawulf has disclosed Equity Ratio across 17 years of filings, most recently posting 0.01 for Q1 2026.

  • Equity Ratio for Q1 2026 came in at 0.01, down 105.55% year-over-year; the trailing twelve-month figure through Mar 2026 was 0.01 (down 105.55% YoY), and the FY2025 annual result was 0.02, down 93.1% from the prior year.
  • Equity Ratio came in at 0.01 for Q1 2026 at Terawulf, down from 0.02 in the prior quarter.
  • In the past five years, Equity Ratio ranged from a high of 0.92 in Q3 2024 to a low of 0.01 in Q1 2026.
  • The 5-year median for Equity Ratio is 0.42 (2022), against an average of 0.4.
  • Across the five-year window, Equity Ratio surged 85.95% in 2024 and tumbled 105.55% in 2026, its largest moves.
  • Terawulf's Equity Ratio stood at 0.37 in 2022, then jumped by 58.75% to 0.59 in 2023, then slumped by 47.25% to 0.31 in 2024, then sank by 93.1% to 0.02 in 2025, then slumped by 152.48% to 0.01 in 2026.
  • The last three Equity Ratio figures came in at 0.01 (Q1 2026), 0.02 (Q4 2025), and 0.1 (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Equity Ratio (Qtr)
1 SOL Strategies 100,773.79 Bn 100,773.79 Bn - -
2 Morgan Stanley 331.35 Bn 197.82 Bn - 0.07
3 Goldman Sachs 317.73 Bn -619.82 Bn - 0.06
4 Schwab Charles 153.74 Bn 108.77 Bn - 0.10
5 Robinhood Markets 75.98 Bn 71.34 Bn 960.00 Mn 0.21
6 Interactive Brokers 38.91 Bn 49.50 Bn - 0.03
7 LPL Financial Holdings 22.76 Bn 21.73 Bn - 0.30
8 Tradeweb Markets 20.90 Bn 19.65 Bn - 0.88
9 Circle Internet 20.00 Bn 18.49 Bn 35.01 Mn 0.04
10 Terawulf 2.09 Bn -734.82 Mn 31.65 Mn -0.01

Historic Data

Download Data
DateValue
Mar 31, 2026 -0.01
Dec 31, 2025 0.02
Sep 30, 2025 0.10
Jun 30, 2025 0.20
Mar 31, 2025 0.20
Dec 31, 2024 0.31
Sep 30, 2024 0.92
Jun 30, 2024 0.81
Mar 31, 2024 0.69
Dec 31, 2023 0.59
Sep 30, 2023 0.49
Jun 30, 2023 0.45
Mar 31, 2023 0.46
Dec 31, 2022 0.37
Sep 30, 2022 0.39
Mar 31, 2022 0.44
Dec 31, 2021 0.46
Sep 30, 2021 1.42
Jun 30, 2021 0.84
Mar 31, 2021 0.94