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) FCF (Qtr)
1 Morgan Stanley 338.83 Bn 205.30 Bn - -3.57 Bn
2 Goldman Sachs 316.34 Bn -660.01 Bn - 5.60 Bn
3 Schwab Charles 220.55 Bn 135.80 Bn - 7.20 Bn
4 Futu Holdings 121.48 Bn 105.59 Bn 733.58 Mn -
5 Robinhood Markets 84.07 Bn 66.74 Bn 1.20 Bn 708.00 Mn
6 Iren 68.17 Bn 65.95 Bn 104.86 Mn -873.83 Mn
7 ATIF Holdings 45.42 Bn 45.42 Bn - -
8 Interactive Brokers 39.54 Bn -3.28 Bn - 3.59 Bn
9 LPL Financial Holdings 28.27 Bn 25.57 Bn - 202.51 Mn
10 Terawulf 8.49 Bn 5.66 Bn 31.65 Mn -11.78 Mn

Historic Data

Download Data
DateValue
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
Dec 31, 2023 -64.06 Mn
Dec 31, 2023 -64.06 Mn