stockrowTeraWulf Inc.
WULF Financial Capital Markets
TeraWulf Inc.’s revenue for fiscal 2025 (year ended December 2025) was $168.5 million, up 20.3% from fiscal 2024.
- Revenue
- −6.02%
- EPS
- −3,780.0%
- Free cash flow
- −695.3%
- Total debt
- +966.1%
Quarter to June 2026, against a year earlier
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TeraWulf Inc. (WULF) Debt to equity
TeraWulf Inc.'s debt to equity at the end of the quarter to 30 June 2026 was 35.3×, down 1.5× from fiscal 2025 (36.8×). Over the past ten years it has ranged from 0.0× (fiscal 2015) to 36.8× (fiscal 2025) — the current reading is the highest in ten years. That is above the Capital Markets industry median of 0.1× and above the Financial sector median of 0.2×.
Debt to equity, annual
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Annual newest first
| Period | Debt to equity | Change |
|---|---|---|
| FY2025 | 36.8× | 1,745.23% |
| FY2024 | 2.0× | 254.25% |
| FY2023 | 0.6× | (49.15%) |
| FY2022 | 1.1× | 44.06% |
| FY2021 | 0.8× | 238.57% |
| FY2020 | 0.2× | (1.35%) |
| FY2019 | 0.2× | 2.27% |
| FY2018 | 0.2× | (5.22%) |
| FY2017 | 0.2× | (0.25%) |
| FY2016 | 0.2× | — |
Quarterly newest first
| Period | Debt to equity | Change |
|---|---|---|
| Jun 2026 | 35.3× | — |
| Mar 2026 | −68.2× | — |
| Dec 2025 | 36.8× | 758.83% |
| Sep 2025 | 4.3× | 52.85% |
| 42 more quarters | Free account |
Against its own ten years
Debt to equity against peers
| Company | Debt to equity |
|---|---|
| HUT Hut 8 Corp. compare | 0.0× |
| MC Moelis & Company compare | 0.0× |
| MKTX MarketAxess Holdings Inc. compare | 0.1× |
| RIOT Riot Platforms, Inc. compare | 0.3× |
| FIGR Figure Technology Solutions, Inc. compare | 0.7× |
| GLXY Galaxy Digital Inc. compare | 1.1× |
| BGC BGC Group, Inc. compare | 1.4× |
| MRX Marex Group PLC compare | 5.0× |
| WULF TeraWulf Inc. | 35.3× |
| Capital Markets industry median | 0.1× |
| Financial sector median | 0.2× |
| Market median | 0.1× |
What Debt to equity is
Debt to Equity Ratio shows how much a company relies on borrowed money compared with the money its shareholders have in the business.
(Long Term Debt (Total) + Current Part of Debt) ÷ Shareholders Equity (Total)
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