Terawulf (WULF) Free Cash Flow (2010 - 2026)
Terawulf (WULF) posted Free Cash Flow of -$11.8 million for Q1 2026, up 98.32% sequentially from -$703.2 million in Q4 2025, and down 124.15% YoY from $48.8 million in Q1 2025.
Terawulf (WULF) Free Cash Flow (2010 - 2026) Analysis & Trends
Terawulf has reported Free Cash Flow for 17 years, with the latest figure at -$11.8 million in Q1 2026.
- Quarterly Free Cash Flow fell 124.15% year-over-year to -$11.8 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was -$1.2 billion (down 466.87% YoY) and the FY2025 annual result came in at -$1.2 billion, down 304.76% from the prior year.
- Free Cash Flow grew to -$11.8 million in Q1 2026 per WULF's latest filing, from -$703.2 million in the prior quarter.
- Over five years, Free Cash Flow peaked at $63.4 million in Q2 2024 and troughed at -$703.2 million in Q4 2025.
- A 5-year average of -$93.6 million and a median of -$16.1 million in 2022 frame the typical range for Free Cash Flow.
- The sharpest annual moves came in 2023 and 2024: Free Cash Flow sank 2214.27% in 2023, then soared 491.15% in 2024.
- Over 5 years, Free Cash Flow stood at -$2.8 million in 2022, then tumbled by 2214.27% to -$64.1 million in 2023, then slumped by 206.53% to -$196.4 million in 2024, then slumped by 258.1% to -$703.2 million in 2025, then surged by 98.32% to -$11.8 million in 2026.
- According to Business Quant data, Free Cash Flow over the past three periods registered -$11.8 million, -$703.2 million, and -$268.3 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Morgan Stanley | 333.21 Bn | 173.07 Bn | - | -3.57 Bn |
| 2 | Goldman Sachs | 311.14 Bn | -665.21 Bn | - | 5.60 Bn |
| 3 | Schwab Charles | 196.95 Bn | 123.36 Bn | - | 4.12 Bn |
| 4 | Robinhood Markets | 93.19 Bn | 75.81 Bn | 1.20 Bn | 708.00 Mn |
| 5 | Interactive Brokers | 41.71 Bn | -22.59 Bn | - | 6.20 Bn |
| 6 | LPL Financial Holdings | 29.06 Bn | 26.36 Bn | - | 202.51 Mn |
| 7 | Tradeweb Markets | 23.03 Bn | 20.97 Bn | - | 375.21 Mn |
| 8 | Circle Internet | 21.70 Bn | 19.97 Bn | 288.85 Mn | 497.27 Mn |
| 9 | Futu Holdings | 16.14 Bn | 214.18 Mn | 733.58 Mn | - |
| 10 | Terawulf | 7.54 Bn | 4.78 Bn | 32.37 Mn | -992.27 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | -992.27 Mn |
| Jun 30, 2026 | -992.27 Mn |
| Mar 31, 2026 | -11.78 Mn |
| Mar 31, 2026 | -11.78 Mn |
| Dec 31, 2025 | -703.16 Mn |
| Dec 31, 2025 | -703.16 Mn |
| Sep 30, 2025 | -268.26 Mn |
| Sep 30, 2025 | -268.26 Mn |
| Jun 30, 2025 | -260.74 Mn |
| Jun 30, 2025 | -260.74 Mn |
| Mar 31, 2025 | 48.79 Mn |
| Mar 31, 2025 | 48.79 Mn |
| Dec 31, 2024 | -196.36 Mn |
| Dec 31, 2024 | -196.36 Mn |
| Sep 30, 2024 | -135.25 Mn |
| Sep 30, 2024 | -135.25 Mn |
| Jun 30, 2024 | 63.38 Mn |
| Jun 30, 2024 | 63.38 Mn |
| Mar 31, 2024 | -24.13 Mn |
| Mar 31, 2024 | -24.13 Mn |