Terawulf (WULF) Net Long-Term Debt Issued (Repaid) (2016 - 2025)
Terawulf's Non-Current Debt came in at $4.02 billion for Q2 2026, up 31.4% from the prior quarter.
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Analysis
Terawulf (WULF) Net Long-Term Debt Issued (Repaid) (2016 - 2025) Analysis & Trends
At the end of FY2025, Terawulf's Non-Current Debt was $3.05 billion.
- Non-Current Debt carries a four-year compound annual growth rate of 138.3% (FY2021 to FY2025).
- Going back by year, Non-Current Debt was $56,000 in FY2023 (-99.9%), $72.97 million in FY2022 (-22.9%) and $94.63 million in FY2021.
- The Q2 2026 figure represents the highest quarterly Non-Current Debt in data going back to Q2 2016.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net LT Debt (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,978.22 Bn | 3,913.71 Bn | 62.56 Bn | -4.85 Bn |
| 2 | International Business Machines | 234.30 Bn | 188.91 Bn | 9.71 Bn | 1.86 Bn |
| 3 | Equinix | 98.75 Bn | 86.64 Bn | 1.31 Bn | 2.94 Bn |
| 4 | Cloudflare | 87.20 Bn | 70.73 Bn | 499.52 Mn | - |
| 5 | Nebius | 29.33 Bn | 2.76 Bn | 448.70 Mn | - |
| 6 | Verisign | 28.15 Bn | 25.50 Bn | 393.20 Mn | -551.40 Mn |
| 7 | CoreWeave | 24.27 Bn | 11.36 Bn | 1.70 Bn | 9.57 Bn |
| 8 | Nutanix | 15.78 Bn | 7.47 Bn | 651.35 Mn | - |
| 9 | GoDaddy | 15.07 Bn | 10.45 Bn | 843.00 Mn | - |
| 10 | Terawulf | 4.95 Bn | -4.28 Bn | 32.37 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | 4.13 Bn |
| Sep 30, 2025 | -9.20 Mn |
| Dec 31, 2024 | 486.11 Mn |
| Sep 30, 2024 | -76.16 Mn |
| Jun 30, 2024 | -30.90 Mn |
| Mar 31, 2024 | -34.24 Mn |
| Dec 31, 2023 | -5.00 Mn |
| Sep 30, 2023 | -163,000.00 |
| Jun 30, 2023 | -504,000.00 |
| Mar 31, 2023 | 94,000.00 |
| Dec 31, 2022 | 429,000.00 |
| Sep 30, 2022 | 10.68 Mn |
| Jun 30, 2022 | 13.13 Mn |
| Mar 31, 2022 | 3.15 Mn |
| Dec 31, 2021 | 121.05 Mn |
| Jun 30, 2021 | -2.74 Mn |
| Mar 31, 2021 | -36,826.00 |
| Dec 31, 2020 | -36,393.00 |
| Sep 30, 2020 | -35,951.00 |
| Jun 30, 2020 | -35,921.00 |
API Access
Terawulf Net Long-Term Debt Issued (Repaid) API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=non-current-debt&ticker=WULF&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "non-current-debt", "ticker": "WULF", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=non-current-debt&ticker=WULF&period=max&api_key=YOUR_API_KEY");
const data = await res.json();