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| Date | Value |
|---|---|
| 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 |