Terawulf (WULF) EV to CFO (2010 - 2026)
Terawulf's (WULF) quarterly EV to CFO came in at 69.94 in Q2 2026, down 122.11% year-over-year from 316.31 in Q2 2025, and up 62.81% quarter-over-quarter from 188.07 in Q1 2026.
Analysis
Terawulf (WULF) EV to CFO (2010 - 2026) Analysis & Trends
Terawulf has disclosed EV to CFO across 17 years of filings, most recently posting 69.94 for Q2 2026.
- In Q2 2026, EV to CFO fell 122.11% year-over-year to 69.94; the TTM figure through Jun 2026 stood at 34.25 (down 22.99% YoY), while the FY2025 annual figure was 11.12, up 86.51% from the prior year.
- EV to CFO came in at 69.94 for Q2 2026 at Terawulf, up from 188.07 in the prior quarter.
- In the past five years, EV to CFO ranged from a high of 119.72 in Q3 2023 to a low of 625.82 in Q2 2023.
- Average EV to CFO over 5 years is 55.61, with a median of 20.18 recorded in 2022.
- The largest YoY upside for EV to CFO was 639.17% in 2023 against a maximum downside of 4048.79% in 2023.
- Over 5 years, EV to CFO stood at 15.05 in 2022, then jumped by 367.15% to 40.21 in 2023, then tumbled by 217.23% to 47.14 in 2024, then soared by 67.03% to 15.54 in 2025, then slumped by 350.06% to 69.94 in 2026.
- Per Business Quant data, the three most recent EV to CFO figures were 69.94 in Q2 2026, 188.07 in Q1 2026, and 15.54 in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Equinix | 102.22 Bn | 100.02 Bn | 1.40 Bn |
| 2 | Terawulf | 8.24 Bn | 5.48 Bn | 32.37 Mn |
| 3 | Applied Digital | 7.59 Bn | 5.57 Bn | 97.29 Mn |
| 4 | Cipher Digital | 7.35 Bn | 3.35 Bn | 9.79 Mn |
| 5 | GDS Holdings | 6.47 Bn | 4.41 Bn | 97.89 Mn |
| 6 | Core Scientific | 5.72 Bn | 3.78 Bn | 70.04 Mn |
| 7 | Vnet | 1.71 Bn | 828.02 Mn | 74.45 Mn |
| 8 | Sify Technologies | 1.56 Bn | 1.56 Bn | 51.65 Mn |
| 9 | WhiteFiber | 758.96 Mn | 698.59 Mn | 18.88 Mn |
| 10 | Vulcan Infrastructure & Power | 445.09 Mn | 441.89 Mn | -1.25 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -69.94 |
| Mar 31, 2026 | -188.07 |
| Dec 31, 2025 | -15.54 |
| Sep 30, 2025 | -117.33 |
| Jun 30, 2025 | -31.49 |
| Mar 31, 2025 | 15.87 |
| Dec 31, 2024 | -47.14 |
| Sep 30, 2024 | -84.43 |
| Jun 30, 2024 | 95.37 |
| Mar 31, 2024 | 32.87 |
| Dec 31, 2023 | 40.21 |
| Sep 30, 2023 | 119.72 |
| Jun 30, 2023 | -625.82 |
| Mar 31, 2023 | -18.15 |
| Dec 31, 2022 | -15.05 |
| Sep 30, 2022 | -22.20 |
| Jun 30, 2022 | -15.08 |
| Mar 31, 2022 | -54.71 |
| Dec 31, 2021 | -60.63 |
| Sep 30, 2021 | -5.14 |