Terawulf (WULF) EV to FCF (2010 - 2026)
Terawulf's (WULF) quarterly EV to FCF came in at 9.64 in Q2 2026, up 2.43% year-over-year from 9.41 in Q2 2025, and down 57.45% quarter-over-quarter from 6.12 in Q1 2026.
Powered by 
Analysis
Terawulf (WULF) EV to FCF (2010 - 2026) Analysis & Trends
Terawulf has disclosed EV to FCF across 17 years of filings, most recently posting 9.64 for Q2 2026.
- In Q2 2026, EV to FCF rose 2.43% year-over-year to 9.64; the TTM figure through Jun 2026 stood at 3.82 (changed 0.46% YoY), while the FY2025 annual figure was 1.16, up 83.19% from the prior year.
- EV to FCF came in at 9.64 for Q2 2026 at Terawulf, down from 6.12 in the prior quarter.
- In the past five years, EV to FCF ranged from a high of 1.95 in Q4 2025 to a low of 56.08 in Q2 2023.
- Average EV to FCF over 5 years is 18.85, with a median of 11.34 recorded in 2023.
- Year-over-year, EV to FCF slumped 3303.3% in 2022 and jumped 81.0% in 2025.
- Over 5 years, EV to FCF stood at 5.77 in 2022, then sank by 244.69% to 19.89 in 2023, then jumped by 48.44% to 10.26 in 2024, then surged by 81.0% to 1.95 in 2025, then plunged by 394.5% to 9.64 in 2026.
- Per Business Quant data, the three most recent EV to FCF figures were 9.64 in Q2 2026, 6.12 in Q1 2026, and 1.95 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 | -9.64 |
| Mar 31, 2026 | -6.12 |
| Dec 31, 2025 | -1.95 |
| Sep 30, 2025 | -16.05 |
| Jun 30, 2025 | -9.88 |
| Mar 31, 2025 | -24.09 |
| Dec 31, 2024 | -10.26 |
| Sep 30, 2024 | -42.42 |
| Jun 30, 2024 | -51.70 |
| Mar 31, 2024 | -31.11 |
| Dec 31, 2023 | -19.89 |
| Sep 30, 2023 | -12.43 |
| Jun 30, 2023 | -56.08 |
| Mar 31, 2023 | -8.46 |
| Dec 31, 2022 | -5.77 |
| Sep 30, 2022 | -9.27 |
| Jun 30, 2022 | -4.80 |
| Mar 31, 2022 | -19.41 |
| Dec 31, 2021 | -13.35 |
| Sep 30, 2021 | -1.33 |