Terawulf (WULF) FCF Margin (2010 - 2026)
Terawulf's (WULF) quarterly FCF Margin came in at 2216.52% in Q2 2026, down 184967.0% year-over-year from N/an in Q2 2025, and down 39.47% quarter-over-quarter from 1589.28% in Q1 2026.
Analysis
Terawulf (WULF) FCF Margin (2010 - 2026) Analysis & Trends
Terawulf has disclosed FCF Margin across 17 years of filings, most recently posting 2216.52% for Q2 2026.
- In Q2 2026, FCF Margin fell 184967.0% year-over-year to 2216.52%; the TTM figure through Jun 2026 stood at 1515.94% (down 123227.0% YoY), while the FY2025 annual figure was 702.48%, down 49373.0% from the prior year.
- FCF Margin came in at 2216.52% for Q2 2026 at Terawulf, down from 1589.28% 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 19814.29% in Q1 2022.
- Average FCF Margin over 5 years is 1671.06%, with a median of 264.49% recorded in 2023.
- Year-over-year, FCF Margin tumbled 1906825 bps in 2022 and jumped 1965215 bps in 2023.
- Over 5 years, FCF Margin stood at 121.52% in 2022, then grew by 20 bps to 97.05% in 2023, then plunged by 309 bps to 396.51% in 2024, then tumbled by 395 bps to 1962.16% in 2025, then fell by 13 bps to 2216.52% in 2026.
- Per Business Quant data, the three most recent FCF Margin figures were 2216.52% in Q2 2026, 1589.28% in Q1 2026, and 1962.16% in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Equinix | 100.35 Bn | 98.13 Bn | 1.40 Bn | -19.47% |
| 2 | Terawulf | 7.45 Bn | 4.69 Bn | 32.37 Mn | -2,216.52% |
| 3 | Cipher Digital | 6.82 Bn | 2.80 Bn | 9.79 Mn | -2,632.52% |
| 4 | Applied Digital | 6.71 Bn | 2.74 Bn | 97.29 Mn | -446.97% |
| 5 | GDS Holdings | 5.78 Bn | 3.59 Bn | 97.89 Mn | 45.70% |
| 6 | Core Scientific | 5.48 Bn | 3.54 Bn | 70.04 Mn | -355.63% |
| 7 | Vnet | 1.63 Bn | 636.30 Mn | 74.45 Mn | 62.09% |
| 8 | Sify Technologies | 1.44 Bn | 1.44 Bn | 51.65 Mn | - |
| 9 | WhiteFiber | 666.74 Mn | 606.37 Mn | 18.88 Mn | - |
| 10 | Vulcan Infrastructure & Power | 432.00 Mn | 428.80 Mn | -1.25 Mn | -128.24% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -2,216.52% |
| 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% |