Terawulf (WULF) Free Cash Flow (2010 - 2026)
Terawulf's (WULF) quarterly Free Cash Flow came in at -$992.3 million in Q2 2026, down 467.82% year-over-year from $269.8 million in Q2 2025, and down 83.57% quarter-over-quarter from -$540.5 million in Q1 2026.
Analysis
Terawulf (WULF) Free Cash Flow (2010 - 2026) Analysis & Trends
Terawulf has disclosed Free Cash Flow across 17 years of filings, most recently posting -$992.3 million for Q2 2026.
- In Q2 2026, Free Cash Flow fell 467.82% year-over-year to -$992.3 million; the TTM figure through Jun 2026 stood at -$2.5 billion (down 456.54% YoY), while the FY2025 annual figure was -$1.2 billion, down 304.76% from the prior year.
- Free Cash Flow came in at -$992.3 million for Q2 2026 at Terawulf, down from -$540.5 million in the prior quarter.
- In the past five years, Free Cash Flow ranged from a high of -$6.6 million in Q2 2023 to a low of -$992.3 million in Q2 2026.
- Average Free Cash Flow over 5 years is -$176.4 million, with a median of -$33.7 million recorded in 2024.
- Year-over-year, Free Cash Flow soared 89.38% in 2022 and sank 1353.08% in 2026.
- Over 5 years, Free Cash Flow stood at -$11.6 million in 2022, then slumped by 94.37% to -$22.6 million in 2023, then plunged by 768.91% to -$196.4 million in 2024, then plunged by 258.1% to -$703.2 million in 2025, then sank by 41.12% to -$992.3 million in 2026.
- Per Business Quant data, the three most recent Free Cash Flow figures were -$992.3 million in Q2 2026, -$540.5 million in Q1 2026, and -$703.2 million in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Equinix | 100.35 Bn | 98.13 Bn | 1.40 Bn | -511.00 Mn |
| 2 | Terawulf | 7.45 Bn | 4.69 Bn | 32.37 Mn | -992.27 Mn |
| 3 | Cipher Digital | 6.82 Bn | 2.80 Bn | 9.79 Mn | -653.84 Mn |
| 4 | Applied Digital | 6.71 Bn | 2.74 Bn | 97.29 Mn | -1.16 Bn |
| 5 | GDS Holdings | 5.78 Bn | 3.59 Bn | 97.89 Mn | 207.99 Mn |
| 6 | Core Scientific | 5.48 Bn | 3.54 Bn | 70.04 Mn | -583.95 Mn |
| 7 | Vnet | 1.63 Bn | 636.30 Mn | 74.45 Mn | 254.27 Mn |
| 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 | -4.34 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -992.27 Mn |
| Mar 31, 2026 | -540.55 Mn |
| Dec 31, 2025 | -703.16 Mn |
| Sep 30, 2025 | -268.26 Mn |
| Jun 30, 2025 | -174.75 Mn |
| Mar 31, 2025 | -37.20 Mn |
| Dec 31, 2024 | -196.36 Mn |
| Sep 30, 2024 | -41.65 Mn |
| Jun 30, 2024 | -30.22 Mn |
| Mar 31, 2024 | -24.13 Mn |
| Dec 31, 2023 | -22.60 Mn |
| Sep 30, 2023 | -23.01 Mn |
| Jun 30, 2023 | -6.60 Mn |
| Mar 31, 2023 | -18.70 Mn |
| Dec 31, 2022 | -11.63 Mn |
| Sep 30, 2022 | -14.55 Mn |
| Jun 30, 2022 | -26.01 Mn |
| Mar 31, 2022 | -43.00 Mn |
| Dec 31, 2021 | -109.47 Mn |
| Sep 30, 2021 | -41.10 Mn |