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
DateValue
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%