Cash Flow Statement
Growth Metrics

Terawulf (WULF) Equity Ratio (2016 - 2026)

Terawulf's Equity Ratio history spans 16 years, with the latest figure at 0.02 for Q4 2025.

  • On a quarterly basis, Equity Ratio fell 93.1% to 0.02 in Q4 2025 year-over-year; TTM through Dec 2025 was 0.02, a 93.1% decrease, with the full-year FY2025 number at 0.02, down 93.1% from a year prior.
  • Equity Ratio hit 0.02 in Q4 2025 for Terawulf, down from 0.1 in the prior quarter.
  • Over the last five years, Equity Ratio for WULF hit a ceiling of 1.42 in Q3 2021 and a floor of 0.02 in Q4 2025.
  • Historically, Equity Ratio has averaged 0.53 across 5 years, with a median of 0.46 in 2023.
  • Biggest five-year swings in Equity Ratio: skyrocketed 109.95% in 2021 and later crashed 93.1% in 2025.
  • Tracing WULF's Equity Ratio over 5 years: stood at 0.46 in 2021, then dropped by 20.29% to 0.37 in 2022, then surged by 58.75% to 0.59 in 2023, then tumbled by 47.25% to 0.31 in 2024, then crashed by 93.1% to 0.02 in 2025.
  • Business Quant data shows Equity Ratio for WULF at 0.02 in Q4 2025, 0.1 in Q3 2025, and 0.2 in Q2 2025.