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

Terawulf's (WULF) quarterly Net Cash Flow came in at -$630.0 million in Q1 2026, down 1027.01% year-on-year from $68.0 million in Q1 2025, and down 120.93% quarter-over-quarter from $3.0 billion in Q4 2025.

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

Terawulf has disclosed Net Cash Flow across 17 years of filings, most recently posting -$630.0 million for Q1 2026.

  • Net Cash Flow for Q1 2026 came in at -$630.0 million, down 1027.01% year-over-year; the trailing twelve-month figure through Mar 2026 was $2.9 billion (up 1567.99% YoY), and the FY2025 annual result was $3.4 billion, up 1470.26% from the prior year.
  • Net Cash Flow came in at -$630.0 million for Q1 2026 at Terawulf, down from $3.0 billion in the prior quarter.
  • In the past five years, Net Cash Flow ranged from a high of $3.0 billion in Q4 2025 to a low of -$630.0 million in Q1 2026.
  • The 5-year median for Net Cash Flow is -$2.7 million (2022), against an average of $179.2 million.
  • Across the five-year window, Net Cash Flow jumped 1512.18% in 2023 and slumped 4803.43% in 2024, its largest moves.
  • Terawulf's Net Cash Flow stood at -$3.4 million in 2022, then surged by 1512.18% to $48.1 million in 2023, then soared by 419.72% to $250.1 million in 2024, then jumped by 1103.4% to $3.0 billion in 2025, then tumbled by 120.93% to -$630.0 million in 2026.
  • The last three Net Cash Flow figures came in at -$630.0 million (Q1 2026), $3.0 billion (Q4 2025), and $621.3 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Net Cash Flow (Qtr)
1 SOL Strategies 96,012.83 Bn 96,012.83 Bn - -730,655.35
2 Morgan Stanley 328.23 Bn 194.70 Bn - 22.76 Bn
3 Goldman Sachs 313.22 Bn -624.33 Bn - 16.12 Bn
4 Schwab Charles 154.90 Bn 109.92 Bn - 3.62 Bn
5 Robinhood Markets 75.17 Bn 70.53 Bn 960.00 Mn 1.93 Bn
6 Interactive Brokers 38.41 Bn 49.00 Bn - 3.28 Bn
7 LPL Financial Holdings 23.13 Bn 22.10 Bn - -148.79 Mn
8 Tradeweb Markets 21.12 Bn 19.87 Bn - -145.61 Mn
9 Circle Internet 19.75 Bn 18.24 Bn 35.01 Mn 1.78 Bn
10 Terawulf 2.04 Bn -780.52 Mn 31.65 Mn -630.03 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 -630.03 Mn
Mar 31, 2026 -630.03 Mn
Dec 31, 2025 3.01 Bn
Dec 31, 2025 3.01 Bn
Sep 30, 2025 621.34 Mn
Sep 30, 2025 621.34 Mn
Jun 30, 2025 -126.74 Mn
Jun 30, 2025 -126.74 Mn
Mar 31, 2025 -55.90 Mn
Mar 31, 2025 -55.90 Mn
Dec 31, 2024 250.13 Mn
Dec 31, 2024 250.13 Mn
Sep 30, 2024 -80.17 Mn
Sep 30, 2024 -80.17 Mn
Jun 30, 2024 58.29 Mn
Jun 30, 2024 58.29 Mn
Mar 31, 2024 -8.62 Mn
Mar 31, 2024 -8.62 Mn
Dec 31, 2023 48.13 Mn
Dec 31, 2023 48.13 Mn