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Friday 6 November 2026 Export WULF’s income statement to Excel — free account

TeraWulf 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

10.11 1.59 −13.59%
Market cap
$5.0B
P/E
0.0×
Fwd P/E
−3.7×
Dividend yield
—
F-score
1/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

TeraWulf Inc. (WULF) P/B ratio

Alert me on P/B ratio

As of 5 November 2026, TeraWulf Inc. (WULF) trades at a P/B ratio of 33.3×. Over the past ten years it has ranged from 0.0× (June 2026) to 371× (November 2021); the current reading is higher than 89% of that period. That is above the Capital Markets industry median of 1.4× and above the Financial sector median of 1.3×.

P/B ratio, daily

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Annual newest first

Period P/B ratio Change
FY2025 32.5× 284.72%
FY2024 8.5× 273.34%
FY2023 2.3× 212.77%
FY2022 0.7× (56.49%)
FY2020 1.7× 92.54%
FY2019 0.9× (32.24%)
FY2018 1.3× 6.10%
FY2017 1.2× (28.30%)
FY2016 1.7× 0.20%
FY2015 1.7× —

Quarterly newest first

Period P/B ratio Change
Jun 2026 81.3× —
Mar 2026 0.0× —
Dec 2025 32.5× 68.88%
Sep 2025 19.3× 87.62%
41 more quarters

Against its own ten years

Low 0.0× High 371×
Ten-year median 1.7×
Current reading's percentile 87

P/B ratio against peers

Company P/B ratio
GLXY Galaxy Digital Inc. compare 0.9×
MRX Marex Group PLC compare 2.5×
RIOT Riot Platforms, Inc. compare 2.5×
HUT Hut 8 Corp. compare 3.0×
FIGR Figure Technology Solutions, Inc. compare 3.4×
BGC BGC Group, Inc. compare 3.9×
MKTX MarketAxess Holdings Inc. compare 4.7×
MC Moelis & Company compare 6.9×
WULF TeraWulf Inc. 33.3×
Capital Markets industry median 1.4×
Financial sector median 1.3×
Market median 1.7×

What P/B ratio is

Price to Book Value tells an investor how much the market pays for a company’s shares relative to the accounting net worth that belongs to common shareholders.

Stock Price ÷ (Common Equity (Total) (latest quarter) ÷ Shares (Basic, Weighted) (latest quarter))

The full definition of P/B ratio →

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