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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

10.36 0.28 +2.78%
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) valuation and DCF model

What the price implies · reverse DCF

TeraWulf Inc. is not valued here: a bank or insurer is valued on its dividend, and it pays none.

Valuation against its own history

Today’s multiple against its 5- and 10-year averages and the industry median (Capital Markets).

Multiple Current 5Y avg 10Y avg vs 10Y avg Industry median vs industry 10Y range
P/E — 136.13× 136.13× — 14.35× —
P/FCF — 26.48× 26.48× — 9.28× —
P/B 33.29× 15.45× 8.39× 297% above 1.36× 2340% above
EV/EBITDA — 25.98× 25.98× — 3.38× —
EV/Sales — 15.26× 8.10× — 3.90× —
P/E P/B EV/EBITDA EV/Sales
1.11×10.78×20.45×30.12×10Y avg 8.39×2016201720182019202020222023202420252026

WULF trades at 33.29× P/B, against a 10-year average of 8.39× (range 0.72×–33.29×). That is dearer than 100% of the last 9 year-end readings; re-rating to the average implies $2.61 per share.

Every growth rate on this page is the business’s — its cash flow, FFO or dividend — never its share price’s. A discounted-cash-flow model is only as good as its assumptions. Figures from the 10-K and 10-Q filings. Not investment advice.