TeraWulf Inc. (WULF) stock

WULFNasdaqFinance ServicesFiscal year ends December 31

Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Nov 6, 2026Score 2/30221% above fair value

$12.62−0.42 (-3.22%)

Close on Nov 13, 2026Market cap $6.30BP/E –Yield 0.00%

TeraWulf statistics

88 measures from SEC filings and the closing price. Hover a name for the formula; the last column is the median of companies in the same industry group.

Important dates

Next earnings: Feb 25, 2027 (estimated, after the close)
Last ex-dividend date: Dec 14, 2021
Fundamentals through: Sep 30, 2026
Share price as of: Nov 13, 2026

Valuation ratiosIndustry

Market Cap: $6.30B; $238.70M
Enterprise Value: $4.69B; $206.84M
PS Ratio: 33.00; 2.80
PB Ratio: 7.23; 0.95
P/TBV Ratio: 7.72; 1.13

Enterprise valuationIndustry

EV / Sales: 24.60; 2.54

Share statisticsIndustry

Shares Outstanding: 499M; 55M
Shares Change (YoY): 21.6%; 13.6%
Shares Change (QoQ): 0.49%; 0.11%
Float: 395M; 40M
Shares Held by Insiders: 20.8%; 18.2%
Shares Held by Institutions: 79.6%; 27.7%

Short sellingIndustry

Short Interest: 122M; –
Short Interest Change: -4.74%; -0.08%
Short % of Float: 30.9%; 6.48%
Short % of Shares Outstanding: 24.5%; 5.35%
Days to Cover: 2.71; 3.79

Stock price statisticsIndustry

52-Week High: $29.84; –
52-Week Low: $9.51; –
20-Day Moving Average: $12.13; –
50-Day Moving Average: $13.97; –
200-Day Moving Average: $17.99; –
Average True Range (14): $1.26; –
Price Change (1 Week): 11.0%; -4.00%
Price Change (1 Month): 0.00%; -17.2%
Price Change (3 Months): -28.3%; -15.4%
Price Change (6 Months): -43.5%; -32.2%
Price Change (YTD): 9.83%; -37.2%
Price Change (1 Year): -0.16%; -50.6%
Price Change (3 Years): 1211.2%; -32.7%
Price Change (5 Years): -62.1%; -81.6%
Price Change (10 Years): 14.8%; -62.7%
Average Volume (10 Days): 59M; –
Average Volume (20 Days): 52M; –
Average Volume (90 Days): 37M; –
Relative Volume: 1.12; 0.72
Relative Strength Index (14): 49.4; 39.6
Volatility (1 Year): 94.4%; 94.5%
Beta (5 Years): 2.31; 1.24

MarginsIndustry

Gross Margin: 25.7%; 41.7%
Operating Margin: -250.0%; -134.4%
Pretax Margin: -449.2%; -6.66%
Profit Margin: -410.9%; -19.4%
EBITDA Margin: -250.0%; -66.0%
FCF Margin: -1631.1%; -32.1%

Returns on capitalIndustry

Return on Equity (ROE): -140.3%; -20.8%
Return on Assets (ROA): -14.8%; -7.97%
Return on Capital Employed (ROCE): -8.45%; -18.0%

Financial positionIndustry

Current Ratio: 0.97; 1.55
Quick Ratio: 0.65; 0.43
Interest Coverage: -1.99; -7.27

GrowthIndustry

Revenue Growth (YoY): 13.9%; 15.4%
Revenue Growth (3Y CAGR): 123.8%; 5.94%
Revenue Growth (5Y CAGR): 65.8%; 10.7%

EfficiencyIndustry

Asset Turnover: 0.04; 0.16
Revenue Per Employee: $1.35M; $675.54K
Profits Per Employee: -$5.56M; -$170.28K
Employee Count: 141; 47
WACC: 16.6%; 11.0%

Income statement (TTM)Industry

Revenue: $190.85M; $63.78M
Gross Profit: $49.07M; $2.09M
Operating Income: -$477.14M; -$13.20M
Pretax Income: -$857.31M; -$2.77M
Net Income: -$784.22M; -$3.15M
EBITDA: -$477.14M; -$7.83M
EPS (Diluted): -$3.28; -$0.01

Balance sheetIndustry

Cash & Short-Term Investments: $1.60B; $19.18M
Net Cash (Debt): $1.60B; $7.04M
Net Cash Per Share: $3.21; $0.19
Equity (Book Value): $870.68M; $224.68M
Book Value Per Share: $1.74; $4.10
Tangible Book Value: $815.23M; $156.69M
Working Capital: -$79.17M; $11.77M

Cash flow (TTM)Industry

Operating Cash Flow: -$267.12M; -$5.12M
Capital Expenditures: -$2.85B; -$4.95M
Free Cash Flow: -$3.11B; -$13.57M
FCF Per Share: -$6.24; -$0.22

Dividends and yieldsIndustry

Earnings Yield: -12.5%; -13.4%
FCF Yield: -49.4%; -15.4%
Dividend Yield: 0.00%; 1.98%
Buyback Yield: -19.1%; 0.46%
Shareholder Yield: -19.1%; 0.51%
Dividend Per Share: $0.00; $1.06
Years of Dividend Growth: 0; 0

Taxes and interestIndustry

Interest Expense: $239.37M; $4.05M
Income Tax: $160.00K; $213.00K

Scores and fair valueIndustry

Altman Z-Score: 0.05; 0.36
Piotroski F-Score: 1; 4

Total return vs. the S&P 500

Price change plus reinvested dividends, to the close on Nov 13, 2026. The S&P 500 is measured by the SPY fund.

Period	WULF	S&P 500	Difference	WULF per year	S&P 500 per year
1 month	-4.5%	-3.0%	−1.4 pts
3 months	-22.6%	-2.8%	−19.8 pts
Year to date	+9.8%	+11.5%	−1.7 pts
1 year	+8.0%	+13.5%	−5.4 pts
3 years	+1149.5%	+77.7%	+1071.8 pts	+132.0%	+21.1%
5 years	-55.6%	+72.6%	−128.2 pts	-15.0%	+11.5%
10 years	+34.7%	+308.2%	−273.5 pts	+3.0%	+15.1%

Short interest

Shares sold short and not yet covered, reported by brokers to FINRA twice a month. Latest settlement date Oct 30, 2026.

122M WULF shares were sold short on Oct 30, 2026, down 4.7% from the previous report, or 30.87% of the shares available to trade. At recent volumes it would take 2.7 days to buy them back. Over the last 20 sessions, 36.5% of the volume reported to FINRA was short selling.

Settlement date	Shares short	Change	Avg. daily volume	Days to cover
Oct 30, 2026	122,054,730	-4.7%	45,109,965	2.7
Oct 15, 2026	128,133,970	+7.3%	38,127,678	3.4
Sep 30, 2026	119,364,725	-1.5%	26,511,085	4.5
Sep 15, 2026	121,146,308	-0.9%	28,091,970	4.3
Aug 31, 2026	122,289,767	+14.1%	30,588,781	4.0
Aug 14, 2026	107,155,929	-3.6%	31,195,052	3.4
Jul 31, 2026	111,164,073	+6.5%	33,283,441	3.3
Jul 15, 2026	104,365,154	-0.3%	42,059,269	2.5
Jun 30, 2026	104,663,534	-3.7%	29,270,998	3.6
Jun 15, 2026	108,654,174	-0.1%	26,348,221	4.1
May 29, 2026	108,775,050	-1.4%	27,067,543	4.0
May 15, 2026	110,268,414	+4.7%	28,912,586	3.8