Terawulf (WULF) EV to EBITDA (2010 - 2026)
Terawulf's (WULF) quarterly EV to EBITDA came in at 80.21 in Q2 2026, down 114.85% year-over-year from 540.03 in Q2 2025, and down 224.07% quarter-over-quarter from 24.75 in Q1 2026.
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Terawulf (WULF) EV to EBITDA (2010 - 2026) Analysis & Trends
Terawulf has disclosed EV to EBITDA across 17 years of filings, most recently posting 80.21 for Q2 2026.
- In Q2 2026, EV to EBITDA fell 114.85% year-over-year to 80.21; the TTM figure through Jun 2026 stood at 30.88 (down 38.5% YoY), while the FY2025 annual figure was 14.04, up 88.56% from the prior year.
- EV to EBITDA came in at 80.21 for Q2 2026 at Terawulf, down from 24.75 in the prior quarter.
- In the past five years, EV to EBITDA ranged from a high of 2352.19 in Q3 2025 to a low of 25982.06 in Q3 2024.
- Average EV to EBITDA over 5 years is 1257.08, with a median of 18.37 recorded in 2022.
- Year-over-year, EV to EBITDA surged 3967.05% in 2023 and tumbled 13208.75% in 2024.
- Over 5 years, EV to EBITDA stood at 7.95 in 2022, then soared by 1671.19% to 124.88 in 2023, then tumbled by 144.2% to 55.2 in 2024, then jumped by 57.63% to 23.39 in 2025, then tumbled by 242.96% to 80.21 in 2026.
- Per Business Quant data, the three most recent EV to EBITDA figures were 80.21 in Q2 2026, 24.75 in Q1 2026, and 23.39 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 | -80.21 |
| Mar 31, 2026 | -24.75 |
| Dec 31, 2025 | -23.39 |
| Sep 30, 2025 | 2,352.19 |
| Jun 30, 2025 | 540.03 |
| Mar 31, 2025 | -20.34 |
| Dec 31, 2024 | -55.20 |
| Sep 30, 2024 | -25,982.06 |
| Jun 30, 2024 | 212.03 |
| Mar 31, 2024 | 58.79 |
| Dec 31, 2023 | 124.88 |
| Sep 30, 2023 | -195.23 |
| Jun 30, 2023 | 634.40 |
| Mar 31, 2023 | -41.74 |
| Dec 31, 2022 | -7.95 |
| Sep 30, 2022 | -11.37 |
| Jun 30, 2022 | -16.41 |
| Mar 31, 2022 | -91.07 |
| Dec 31, 2021 | -35.02 |
| Sep 30, 2021 | -9.08 |