WULF Stock Analysis: Terawulf | NASDAQ
Capital Markets | NASDAQ, USA | Market Cap: 10.495m USD | 12M Return: 321.7% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 760M
Qual. Beats: 0
Rev. Trend: 91.2%
Qual. Beats: 0
Warnings
Tailwinds
Seasonality 10.5 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
TeraWulf Inc. (NASDAQ: WULF) is a U.S.-based digital infrastructure company that owns, develops, and operates facilities supporting bitcoin mining and high-performance computing (HPC) workloads. The company was founded in 2021 and is headquartered in Easton, Maryland.
The companys business model centers on operating energy-intensive computing facilities, with a stated emphasis on clean, cost-effective, and reliable power sources. Bitcoin mining is a power-hungry industry, and electricity costs typically represent the largest operating expense for miners, making energy strategy a central competitive factor. TeraWulfs positioning around clean energy and HPC workloads reflects a broader industry trend in which mining operators are increasingly diversifying into data center services for artificial intelligence and other compute-intensive applications.
- Lake Mariner data center expands HPC hosting contracts
- Low-cost nuclear and hydro power underpins mining margin advantage
- Bitcoin price volatility drives quarterly mining revenue swings
| Net Income: -1.03b TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.24 > 0.02 and ΔFCF/TA 12.24 > 1.0 |
| NWC/Revenue: 287.1% < 20% (prev 82.65%; Δ 204.5% < -1%) |
| CFO/TA -0.03 > 3% & CFO -197.3m > Net Income -1.03b |
| Net Debt/EBITDA: error (EBITDA <= 0) |
| Current Ratio: 1.20 > 1.5 & < 3 |
| Outstanding Shares: last quarter (423.0m) vs 12m ago 10.40% < -2% |
| Gross Margin: 64.02% > 18% (prev 33.10%; Δ 30.92% > 0.5%) |
| Asset Turnover: 4.28% > 50% (prev 15.70%; Δ -11.41% > 0%) |
| Interest Coverage Ratio: -6.06 > 6 (EBIT TTM -868.6m / Interest Expense TTM 143.3m) |
| A: 0.07 (Total Current Assets 2.87b - Total Current Liabilities 2.38b) / Total Assets 7.01b |
| B: -0.20 (Retained Earnings -1.42b / Total Assets 7.01b) |
| C: -0.22 (EBIT TTM -868.6m / Avg Total Assets 3.92b) |
| D: -0.01 (Book Value of Equity -78.8m / Total Liabilities 7.09b) |
| Altman-Z'' = -1.71 = D |
| DSRI: 0.86 (Receivables 5.60m/5.10m, Revenue 168.1m/132.0m) |
| GMI: 0.52 (GM 33.10% / 64.02%) |
| AQI: 18.39 (AQ_t 0.19 / AQ_t-1 0.01) |
| SGI: 1.27 (Revenue 168.1m / 132.0m) |
| TATA: -0.12 (NI -1.03b - CFO -197.3m) / TA 7.01b) |
| Beneish M = 6.92 (Cap -4..+1) = D |
As of July 08, 2026, the stock is trading at USD 20.24 with a total of 51,110,695 shares traded. Over the past week, the price has changed by -20.88%, over one month by -21.73%, over three months by +22.15% and over the past year by +321.67%.
Current recommended Stop Loss: 17.30 (which is 14.5% or 1.3 ATR below the current price).
Terawulf has received a consensus analysts rating of 4.55. Therefore, it is recommended to buy WULF.
- StrongBuy: 7
- Buy: 3
- Hold: 1
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 36.3 | 79.4% |
P/E Forward = 29.7619
P/S = 62.4495
P/B = 84.2543
Revenue TTM = 168.1m USD
EBIT TTM = -868.6m USD
EBITDA TTM = -761.5m USD
Long Term Debt = 4.66b USD (from longTermDebt, last quarter)
Short Term Debt = 636.6m USD (from shortTermDebt, last quarter)
Debt = 5.34b USD (from shortLongTermDebtTotal, last quarter) + Leases 24.1m
Net Debt = 2.51b USD (calculated: Debt 5.34b - CCE 2.83b)
Enterprise Value = 13.0b USD (10.5b + Debt 5.34b - CCE 2.83b)
Interest Coverage Ratio = -6.06 (Ebit TTM -868.6m / Interest Expense TTM 143.3m)
EV/FCF = -7.71x (Enterprise Value 13.0b / FCF TTM -1.69b)
FCF Yield = -12.97% (FCF TTM -1.69b / Enterprise Value 13.0b)
FCF Margin = -1.00k% (FCF TTM -1.69b / Revenue TTM 168.1m)
Net Margin = -611.5% (Net Income TTM -1.03b / Revenue TTM 168.1m)
Gross Margin = 64.02% ((Revenue TTM 168.1m - Cost of Revenue TTM 60.5m) / Revenue TTM)
Gross Margin QoQ = 93.06% (prev 47.28%)
Tobins Q-Ratio = 1.86 (Enterprise Value 13.0b / Total Assets 7.01b)
Interest Expense / Debt = 2.68% (Interest Expense 143.3m / Debt 5.34b)
Taxrate = 21.0% (US federal default 21%)
NOPAT = -686.2m (EBIT -868.6m * (1 - 21.00%)) [loss with tax shield]
Current Ratio = 1.20 (Total Current Assets 2.87b / Total Current Liabilities 2.38b)
Debt / Equity = -67.77 (negative equity) (Debt 5.34b / totalStockholderEquity, last quarter -78.8m)
Debt / EBITDA = -3.30 (negative EBITDA) (Net Debt 2.51b / EBITDA -761.5m)
Debt / FCF = -1.49 (negative FCF - burning cash) (Net Debt 2.51b / FCF TTM -1.69b)
Total Stockholder Equity = 120.8m (last 4 quarters mean from totalStockholderEquity)
RoA = -26.18% (Net Income -1.03b / Total Assets 7.01b)
RoE = -850.4% (Net Income TTM -1.03b / Total Stockholder Equity 120.8m)
RoCE = -18.18% (EBIT -868.6m / Capital Employed (Equity 120.8m + L.T.Debt 4.66b))
RoIC = -13.07% (negative operating profit) (NOPAT -686.2m / Invested Capital 5.25b)
WACC = 12.26% (E(10.5b)/V(15.8b) * Re(17.41%) + D(5.34b)/V(15.8b) * Rd(2.68%) * (1-Tc(0.21)))
Discount Rate = 17.41% (= CAPM, Blume Beta Adj.) -> capped to 13.17%
Shares (quarterly) Correlation: 91.11 | Cagr: 36.51%
[DCF] Fair Price = unknown (Cash Flow -1.69b)
EPS Correlation: N/A | EPS CAGR: N/A | SUE: -0.76 | # QB: 0
Revenue Correlation: 91.21 | Revenue CAGR: 60.45% | SUE: 0.45 | # QB: 0
EPS current Quarter (2026-06-30): EPS=-0.19 | Chg30d=+9.52% | Revisions=-40% | Analysts=5
EPS next Quarter (2026-09-30): EPS=-0.13 | Chg30d=+12.59% | Revisions=+17% | Analysts=5
EPS current Year (2026-12-31): EPS=-0.66 | Chg30d=-90.37% | Revisions=-25% | GrowthEPS=-62.4% | GrowthRev=+89.5%
EPS next Year (2027-12-31): EPS=0.18 | Chg30d=-21.84% | Revisions=+0% | GrowthEPS=+128.0% | GrowthRev=+213.0%
[Analyst] Revisions Ratio: -15% (up=4, down=6)