Terawulf (WULF) Free Cash Flow (2010 - 2026)

Terawulf (WULF) posted Free Cash Flow of -$540.5 million for Q1 2026, up 23.13% sequentially from -$703.2 million in Q4 2025, and down 1353.08% YoY from $43.1 million in Q1 2025.

Terawulf (WULF) Free Cash Flow (2010 - 2026) Analysis & Trends

Terawulf (WULF) has 17 years of Free Cash Flow data on file, last reported at -$540.5 million in Q1 2026.

  • Quarterly Free Cash Flow fell 1353.08% year-over-year to -$540.5 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was -$1.7 billion (down 452.24% YoY) and the FY2025 annual result came in at -$1.2 billion, down 304.76% from the prior year.
  • Free Cash Flow rose to -$540.5 million in Q1 2026 per WULF's latest filing, from -$703.2 million in the prior quarter.
  • The five-year high for Free Cash Flow was -$6.6 million in Q2 2023, with the low at -$703.2 million in Q4 2025.
  • Average Free Cash Flow over 5 years is -$128.4 million, with a median of -$30.2 million recorded in 2024.
  • Year-over-year, Free Cash Flow soared 89.38% in 2022 and plunged 1353.08% in 2026.
  • Terawulf's Free Cash Flow stood at -$11.6 million in 2022, then sank by 94.37% to -$22.6 million in 2023, then tumbled by 768.91% to -$196.4 million in 2024, then tumbled by 258.1% to -$703.2 million in 2025, then gained by 23.13% to -$540.5 million in 2026.
  • Business Quant data shows WULF's Free Cash Flow at -$540.5 million in Q1 2026, -$703.2 million in Q4 2025, and -$268.3 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) FCF (Qtr)
1 Morgan Stanley 330.70 Bn 197.17 Bn - -7.85 Bn
2 Goldman Sachs 309.79 Bn -627.76 Bn - -32.43 Bn
3 Schwab Charles 167.21 Bn 122.24 Bn - 7.20 Bn
4 Futu Holdings 111.36 Bn 109.19 Bn 733.58 Mn -
5 Robinhood Markets 97.69 Bn 93.05 Bn 960.00 Mn 2.03 Bn
6 LPL Financial Holdings 23.49 Bn 22.47 Bn - 124.64 Mn
7 Tradeweb Markets 21.59 Bn 20.34 Bn - 103.58 Mn
8 Circle Internet 15.14 Bn 13.62 Bn 35.01 Mn 11.72 Mn
9 Iren 14.46 Bn 12.24 Bn 144.76 Mn -1.15 Bn
10 Terawulf 9.97 Bn 7.15 Bn 31.65 Mn -540.55 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 -540.55 Mn
Mar 31, 2026 -540.55 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 -174.75 Mn
Jun 30, 2025 -174.75 Mn
Mar 31, 2025 -37.20 Mn
Mar 31, 2025 -37.20 Mn
Dec 31, 2024 -196.36 Mn
Dec 31, 2024 -196.36 Mn
Sep 30, 2024 -41.65 Mn
Sep 30, 2024 -41.65 Mn
Jun 30, 2024 -30.22 Mn
Jun 30, 2024 -30.22 Mn
Mar 31, 2024 -24.13 Mn
Mar 31, 2024 -24.13 Mn
Dec 31, 2023 -22.60 Mn
Dec 31, 2023 -22.60 Mn