Terawulf (WULF) FCF Margin (2010 - 2026)
Terawulf's (WULF) quarterly FCF Margin came in at 1589.28% in Q1 2026, down 148115.0% year-on-year from N/an in Q1 2025, and up 2.72% quarter-over-quarter from 1633.78% in Q4 2025.
Terawulf (WULF) FCF Margin (2010 - 2026) Analysis & Trends
Terawulf has disclosed FCF Margin across 17 years of filings, most recently posting 1589.28% for Q1 2026.
- FCF Margin for Q1 2026 came in at 1589.28%, down 148115.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 962.38% (down 75398.0% YoY), and the FY2025 annual result was 702.48%, down 49373.0% from the prior year.
- FCF Margin came in at 1589.28% for Q1 2026 at Terawulf, up from 1633.78% in the prior quarter.
- In the past five years, FCF Margin ranged from a high of 42.67% in Q2 2023 to a low of 19791.24% in Q1 2022.
- The 5-year median for FCF Margin is 162.13% (2023), against an average of 1618.39%.
- Across the five-year window, FCF Margin tumbled 1904521 bps in 2022 and surged 1962911 bps in 2023, its largest moves.
- Terawulf's FCF Margin stood at 121.52% in 2022, then grew by 20 bps to 97.05% in 2023, then slumped by 309 bps to 396.51% in 2024, then tumbled by 312 bps to 1633.78% in 2025, then gained by 3 bps to 1589.28% in 2026.
- The last three FCF Margin figures came in at 1589.28% (Q1 2026), 1633.78% (Q4 2025), and 530.38% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | SOL Strategies | 100,773.79 Bn | 100,773.79 Bn | - | - |
| 2 | Morgan Stanley | 331.35 Bn | 197.82 Bn | - | -38.15% |
| 3 | Goldman Sachs | 317.73 Bn | -619.82 Bn | - | -188.27% |
| 4 | Schwab Charles | 153.74 Bn | 108.77 Bn | - | 111.11% |
| 5 | Robinhood Markets | 75.98 Bn | 71.34 Bn | 960.00 Mn | 190.16% |
| 6 | Interactive Brokers | 38.91 Bn | 49.50 Bn | - | 214.80% |
| 7 | LPL Financial Holdings | 22.76 Bn | 21.73 Bn | - | 2.52% |
| 8 | Tradeweb Markets | 20.90 Bn | 19.65 Bn | - | 16.77% |
| 9 | Circle Internet | 20.00 Bn | 18.49 Bn | 35.01 Mn | 28.16% |
| 10 | Terawulf | 2.09 Bn | -734.82 Mn | 31.65 Mn | -1,589.28% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -1,589.28% |
| Dec 31, 2025 | -1,633.78% |
| Sep 30, 2025 | -530.38% |
| Jun 30, 2025 | -366.85% |
| Mar 31, 2025 | -108.12% |
| Dec 31, 2024 | -396.51% |
| Sep 30, 2024 | -153.93% |
| Jun 30, 2024 | -84.95% |
| Mar 31, 2024 | -56.87% |
| Dec 31, 2023 | -97.05% |
| Sep 30, 2023 | -121.41% |
| Jun 30, 2023 | -42.67% |
| Mar 31, 2023 | -162.13% |
| Dec 31, 2022 | -121.52% |
| Sep 30, 2022 | -377.77% |
| Jun 30, 2022 | -1,878.12% |
| Mar 31, 2022 | -19,791.24% |
| Sep 30, 2021 | -866.49% |
| Jun 30, 2021 | 570.58% |
| Mar 31, 2021 | -746.03% |