Terawulf (WULF) FCF Margin (2010 - 2026)
Terawulf's FCF Margin was -2216.52% in Q2 2026, down 1849.67 percentage points from -366.85% a year earlier and down 627.24 percentage points from the prior quarter.
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Analysis
Terawulf (WULF) FCF Margin (2010 - 2026) Analysis & Trends
On a trailing twelve-month basis, Terawulf's FCF Margin was -1515.94% through Jun 30, 2026, down 1232.27 percentage points year-over-year; for FY2025, it was -702.48%, down 493.73 percentage points from FY2024.
- FCF Margin shows a five-year change of -698.40 percentage points (FY2020 to FY2025).
- In earlier years, FCF Margin was -208.75% in FY2024 (-106.33 pp), -102.42% in FY2023 (+530.73 pp) and -633.15% in FY2022.
- The Q2 2026 figure marks the lowest quarterly FCF Margin since Q1 2022.
- Compared with a year earlier, FCF Margin has declined for nine straight quarters, with an average year-over-year change of -742.26 percentage points over the last eight quarters.
- The best year-over-year quarter for FCF Margin over five years was Q1 2023 (a gain of 19652.15 percentage points); the worst was Q1 2022 (a drop of 19068.25 percentage points).
- Per Business Quant data, WULF's FCF Margin in the three quarters before Q2 2026 was -1589.28% (Q1 2026), -1962.16% (Q4 2025) and -530.38% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,978.22 Bn | 3,913.71 Bn | 62.56 Bn | 20.19% |
| 2 | International Business Machines | 234.30 Bn | 188.91 Bn | 9.71 Bn | 21.59% |
| 3 | Equinix | 98.75 Bn | 86.64 Bn | 1.31 Bn | -12.64% |
| 4 | Cloudflare | 87.20 Bn | 70.73 Bn | 499.52 Mn | 9.71% |
| 5 | Nebius | 29.33 Bn | 2.76 Bn | 448.70 Mn | 1,357.29% |
| 6 | Verisign | 28.15 Bn | 25.50 Bn | 393.20 Mn | 58.85% |
| 7 | CoreWeave | 24.27 Bn | 11.36 Bn | 1.70 Bn | -223.03% |
| 8 | Nutanix | 15.78 Bn | 7.47 Bn | 651.35 Mn | 36.66% |
| 9 | GoDaddy | 15.07 Bn | 10.45 Bn | 843.00 Mn | 35.46% |
| 10 | Terawulf | 4.95 Bn | -4.28 Bn | 32.37 Mn | -2,733.31% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -2,733.31% |
| Mar 31, 2026 | -1,589.28% |
| Dec 31, 2025 | -1,962.16% |
| 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 | -376.60% |
| Jun 30, 2022 | -1,877.76% |
| Mar 31, 2022 | -19,814.29% |
| Sep 30, 2021 | -866.49% |
| Jun 30, 2021 | 570.58% |
API Access
Terawulf FCF Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=fcf-margin&ticker=WULF&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "fcf-margin", "ticker": "WULF", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=fcf-margin&ticker=WULF&period=max&api_key=YOUR_API_KEY");
const data = await res.json();