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DC Infra·WULF
TeraWulf Inc.
NASDAQ · US
Low-carbon digital infrastructure operator pivoting powered data center assets toward AI and HPC hosting.
AI relevance
Public AI compute hosting pivot with contracted and planned high-density data center capacity for AI workloads.
Price
$11.32
Change
-1.44 (-11.29%)
Market cap
$5.6B
52w range
$10–$30
Exchange
NASDAQ
Country
US
Jason's Chips
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Price chart
WULF market performance
Daily close for TeraWulf Inc.
- Latest close
- $11.32
- Range move
- -$1.30 (-10.3%)
- Range high
- $28.98
- Range low
- $10.99
- Latest volume
- 50.2M
- Source
- FMP EOD
Downloads
CSVExports
Download statements, ratios, chart data, and transcript indexes.
Income statement
12 annual rowsRevenue, gross profit, R&D, operating income, EBITDA, net income, and EPS.
Balance sheet
12 annual rowsCash, receivables, inventory, PP&E, assets, debt, liabilities, and equity.
Cash flow
12 annual rowsOperating cash flow, capital expenditures, and free cash flow.
Key metrics
12 annual rowsEnterprise value, valuation multiples, returns, yields, and cash conversion.
Ratios
12 annual rowsMargins, liquidity ratios, valuation ratios, leverage, and per-share metrics.
Chart data
1254 rowsFive years of daily close and volume data powering the company chart.
Transcript list
14 rowsAvailable earnings-call transcript dates by fiscal year and quarter.
StreetBuy
Analyst expectations
Rating consensus14 ratings
Strong buy
0
Buy
14
Hold
0
Sell
0
Strong sell
0
Annual estimates
| Period | Revenue avg | Revenue range | EPS avg | EPS range | EBITDA avg | EBIT avg | Net income avg | SG&A avg | Analysts |
|---|---|---|---|---|---|---|---|---|---|
| 2026-12-31 | $263.8M | $195.5M - $372.1M | $-3.15 | $-3.41 - $-2.93 | -$1.14B | -$1.26B | -$1.26B | $284.1M | 15 rev / 7 EPS |
| 2027-12-31 | $864.1M | $710.9M - $1.06B | $-0.24 | $-3.37 - $5.93 | -$314.8M | -$546.4M | -$546.4M | $930.5M | 14 rev / 8 EPS |
| 2028-12-31 | $1.65B | $1.37B - $1.90B | $0.30 | $-0.81 - $5.90 | $1.52B | $1.07B | $1.01B | $1.78B | 15 rev / 12 EPS |
| 2029-12-31 | $2.50B | $2.03B - $3.12B | $0.41 | $0.31 - $0.54 | $930.9M | $170.4M | $161.4M | $2.70B | 10 rev / 9 EPS |
| 2030-12-31 | $4.03B | $3.26B - $5.03B | $1.10 | $0.83 - $1.45 | $1.71B | $461.7M | $437.4M | $4.34B | 7 rev / 5 EPS |
Quarterly estimates
| Period | Revenue avg | Revenue range | EPS avg | EPS range | EBITDA avg | EBIT avg | Net income avg | SG&A avg | Analysts |
|---|---|---|---|---|---|---|---|---|---|
| 2026-12-30 | $112.2M | $72.6M - $180.3M | $-0.17 | $-0.35 - $-0.10 | -$52.6M | -$80.4M | -$80.4M | $120.9M | 11 rev / 4 EPS |
| 2027-03-30 | $163.2M | $104.1M - $242.3M | $-0.14 | $-0.22 - $-0.07 | -$32.8M | -$65.7M | -$65.7M | $175.8M | 5 rev / 1 EPS |
| 2027-06-30 | $209.3M | $133.5M - $310.7M | $-0.10 | $-0.17 - $-0.05 | -$10.7M | -$50.4M | -$50.4M | $225.4M | 5 rev / 1 EPS |
| 2027-09-30 | $236.1M | $150.6M - $350.5M | $-0.05 | $-0.09 - $-0.03 | $20.8M | -$26.4M | -$26.4M | $254.3M | 8 rev / 1 EPS |
| 2027-12-30 | $279.6M | $178.3M - $415.0M | $-0.02 | $-0.04 - $-0.01 | $44.2M | -$11.7M | -$11.7M | $301.1M | 5 rev / 1 EPS |
| 2028-03-30 | $365.9M | $233.3M - $543.1M | $0.10 | $0.05 - $0.16 | $119.0M | $51.2M | $48.5M | $394.0M | 4 rev / 2 EPS |
| 2028-06-30 | $416.6M | $265.6M - $618.4M | $0.14 | $0.07 - $0.22 | $150.6M | $69.6M | $65.9M | $448.7M | 5 rev / 2 EPS |
| 2028-09-30 | $452.0M | $288.2M - $670.9M | $0.17 | $0.09 - $0.27 | $181.6M | $86.5M | $81.9M | $486.8M | 8 rev / 2 EPS |
Price target history
| Window | Targets | Average target |
|---|---|---|
| Last month | 0 | $0.00 |
| Last quarter | 4 | $25.25 |
| Last year | 26 | $32.52 |
| All time | 44 | $23.18 |
Sources: StreetInsider, Benzinga
Latest grade actions
| Date | Firm | Action | Previous | New |
|---|---|---|---|---|
| 2026-10-16 | Cantor Fitzgerald | Maintain | Overweight | Overweight |
| 2026-10-12 | Morgan Stanley | Maintain | Overweight | Overweight |
| 2026-08-21 | Rosenblatt | Maintain | Buy | Buy |
| 2026-08-13 | Morgan Stanley | Maintain | Overweight | Overweight |
| 2026-08-06 | Rosenblatt | Maintain | Buy | Buy |
| 2026-08-05 | Chardan Capital | Maintain | Buy | Buy |
| 2026-08-03 | B. Riley Securities | Maintain | Buy | Buy |
| 2026-07-28 | Keefe, Bruyette & Woods | Maintain | Outperform | Outperform |
Historical rating snapshots
| Date | Strong buy | Buy | Hold | Sell | Strong sell |
|---|---|---|---|---|---|
| 2026-10-01 | 5 | 19 | 1 | 0 | 0 |
| 2026-09-01 | 5 | 18 | 1 | 0 | 0 |
| 2026-08-01 | 5 | 14 | 0 | 0 | 0 |
| 2026-07-01 | 5 | 13 | 0 | 0 | 0 |
| 2026-06-01 | 5 | 12 | 0 | 0 | 0 |
| 2026-05-01 | 5 | 9 | 0 | 0 | 0 |
| 2026-04-01 | 5 | 9 | 0 | 0 | 0 |
| 2026-03-01 | 5 | 9 | 0 | 0 | 0 |
FinancialsFY 2025
Financials
Income statement annual
| Period | Revenue | Gross profit | Gross margin | R&D | Operating income | EBITDA | Net income | EPS |
|---|---|---|---|---|---|---|---|---|
| FY 2025 | $168.5M | $85.8M | 50.9% | $0 | -$170.3M | -$483.9M | -$661.4M | $-1.66 |
| FY 2024 | $140.1M | $77.4M | 55.3% | $0 | -$76.2M | -$17.4M | -$72.4M | $-0.21 |
| FY 2023 | $69.2M | $41.9M | 60.5% | $0 | -$29.4M | $161,000 | -$73.4M | $-0.35 |
| FY 2022 | $15.0M | $4.0M | 26.3% | $0 | -$43.7M | -$38.8M | -$90.8M | $-0.83 |
| FY 2021 | $0 | -$52,000 | -- | $0 | -$43.4M | -$43.3M | -$95.7M | $-1.12 |
| FY 2020 | $13.4M | $3.9M | 29.1% | $671,493 | -$1.4M | $135,294 | -$439,320 | $-0.22 |
| FY 2019 | $17.6M | $5.4M | 30.6% | $777,279 | -$863,680 | -$223,630 | -$813,558 | $-0.41 |
| FY 2018 | $18.2M | $6.3M | 34.3% | $677,242 | $225,820 | $1.1M | $139,465 | $0.07 |
| FY 2017 | $17.2M | $5.7M | 33.2% | $688,688 | -$464,610 | $434,073 | -$226,147 | $-0.11 |
| FY 2016 | $17.6M | $6.2M | 35.5% | $647,065 | -$22,000 | $783,696 | -$65,060 | $-0.03 |
| FY 2015 | $17.6M | $6.1M | 35.0% | $614,402 | $266,820 | $909,576 | $135,007 | $0.07 |
| FY 2014 | $18.5M | $6.7M | 36.3% | $664,999 | $913,466 | $1.6M | $648,770 | $0.32 |
Cash flow annual
| Period | Operating cash flow | Capex | Free cash flow |
|---|---|---|---|
| FY 2025 | -$123.2M | $1.06B | -$1.18B |
| FY 2024 | -$24.4M | $267.9M | -$292.4M |
| FY 2023 | $4.3M | $75.2M | -$70.9M |
| FY 2022 | -$34.1M | $72.9M | -$106.9M |
| FY 2021 | -$24.1M | $109.1M | -$133.2M |
| FY 2020 | -$398,828 | $164,826 | -$563,654 |
| FY 2019 | -$477,031 | $498,018 | -$975,049 |
| FY 2018 | $1.2M | $593,115 | $631,650 |
| FY 2017 | $204,689 | $269,066 | -$64,377 |
| FY 2016 | $916,947 | $2.1M | -$1.2M |
| FY 2015 | $1.5M | $2.9M | -$1.5M |
| FY 2014 | $916,748 | $434,463 | $482,285 |
Balance sheet annual
| Period | Cash + ST inv. | Receivables | Inventory | PP&E | Assets | Debt | Net debt | Liabilities | Equity |
|---|---|---|---|---|---|---|---|---|---|
| FY 2025 | $3.27B | $4.6M | $0 | $1.73B | $6.56B | $5.20B | $1.93B | $6.42B | $140.4M |
| FY 2024 | $274.1M | $4.3M | $0 | $505.1M | $787.5M | $491.2M | $217.2M | $543.1M | $244.4M |
| FY 2023 | $54.4M | $1.0M | $0 | $216.2M | $378.1M | $124.5M | $70.0M | $155.6M | $222.5M |
| FY 2022 | $1.3M | $0 | $0 | $203.5M | $317.7M | $129.3M | $128.0M | $199.9M | $117.8M |
| FY 2021 | $46.5M | $0 | $0 | $92.5M | $264.9M | $95.7M | $49.3M | $141.7M | $123.2M |
| FY 2020 | $6.3M | $0 | $0 | $21.9M | $30.0M | $95.7M | $89.4M | $1.7M | $28.3M |
| FY 2019 | $3.2M | $2.4M | $2.2M | $7.9M | $16.9M | $2.8M | $1.9M | $4.6M | $12.3M |
| FY 2018 | $4.3M | $2.2M | $2.0M | $8.1M | $17.4M | $3.0M | $1.3M | $4.3M | $13.1M |
| FY 2017 | $3.8M | $2.2M | $2.1M | $8.3M | $16.9M | $3.1M | $2.1M | $4.0M | $13.0M |
| FY 2016 | $4.3M | $2.4M | $2.0M | $8.9M | $18.3M | $3.2M | $2.2M | $4.8M | $13.5M |
| FY 2015 | $2.2M | $2.3M | $2.1M | $8.0M | $15.0M | $0 | -$2.2M | $1.5M | $13.5M |
| FY 2014 | $3.7M | $2.3M | $2.6M | $0 | $545,000 | $0 | -$1.9M | $1.3M | $13.3M |
Annual ratios and key metrics
| Period | Gross margin | Op margin | Net margin | Current | Quick | ROE | ROIC | EV / sales | EV / EBITDA | FCF yield | R&D / rev. | Cash cycle |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| FY 2025 | 50.9% | -101.1% | -392.6% | 2.0x | 2.0x | -470.9% | -3.2% | 38.6x | -13.4x | -25.9% | 0.0% | -278d |
| FY 2024 | 55.3% | -54.4% | -51.7% | 5.4x | 5.4x | -29.6% | -7.6% | 15.7x | -126.7x | -14.7% | 0.0% | -131d |
| FY 2023 | 60.5% | -42.5% | -106.1% | 0.4x | 0.4x | -33.0% | -8.5% | 8.3x | 3564.7x | -14.1% | 0.0% | -197d |
| FY 2022 | 26.3% | -291.0% | -603.9% | 0.1x | 0.1x | -77.1% | -17.7% | 13.4x | -5.2x | -144.2% | 0.0% | -720d |
| FY 2021 | 0.0% | 0.0% | 0.0% | 1.5x | 1.5x | -77.7% | -19.5% | 0.0x | -30.7x | -10.4% | 0.0% | -82764d |
| FY 2020 | 29.1% | -10.6% | -3.3% | 3.6x | 3.6x | -1.6% | -3.4% | 8.1x | 806.5x | -2.9% | 5.0% | -1d |
| FY 2019 | 30.6% | -4.9% | -4.6% | 4.5x | 3.4x | -6.6% | -4.7% | 0.7x | -55.7x | -9.2% | 4.4% | 93d |
| FY 2018 | 34.3% | 1.2% | 0.8% | 6.9x | 5.3x | 1.1% | 1.0% | 1.0x | 16.8x | 3.8% | 3.7% | 87d |
| FY 2017 | 33.2% | -2.7% | -1.3% | 9.4x | 7.1x | -1.7% | -1.2% | 1.0x | 39.7x | -0.4% | 4.0% | 102d |
| FY 2016 | 35.5% | -0.1% | -0.4% | 6.9x | 5.4x | -0.5% | -0.1% | 1.4x | 31.7x | -5.2% | 3.7% | 90d |
| FY 2015 | 35.0% | 1.5% | 0.8% | 5.9x | 4.1x | 1.0% | 1.2% | 1.2x | 22.4x | -6.4% | 3.5% | 101d |
| FY 2014 | 36.3% | 4.9% | 3.5% | 0.0x | -3.5x | 4.9% | -323.3% | 1.5x | 17.4x | 1.6% | 3.6% | 115d |
Annual growth
| Period | Revenue | Gross profit | R&D | Op income | Net income | EPS | FCF | Capex | Cash + ST inv. | Inventory | Assets | Debt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| FY 2025 | +20.3% | +10.8% | 0.0% | -123.5% | -813.3% | -690.5% | -304.8% | -295.7% | +1091.8% | 0.0% | +732.8% | +957.7% |
| FY 2024 | +102.3% | +84.8% | 0.0% | -159.1% | +1.4% | +40.0% | -312.3% | -256.5% | +403.4% | 0.0% | +108.3% | +294.7% |
| FY 2023 | +360.5% | +961.1% | 0.0% | +32.7% | +19.1% | +57.8% | +33.7% | -3.2% | +4156.4% | 0.0% | +19.0% | -3.7% |
| FY 2022 | 0.0% | +7696.2% | 0.0% | -0.8% | +5.1% | +25.9% | +19.7% | +33.2% | -97.2% | 0.0% | +19.9% | +35.1% |
| FY 2021 | -100.0% | -101.3% | -100.0% | -2954.1% | -21679.8% | -409.1% | -23526.4% | -66074.0% | +637.4% | 0.0% | +782.9% | 0.0% |
| FY 2020 | -23.8% | -27.6% | -13.6% | -64.5% | +46.0% | +46.3% | +42.2% | +66.9% | +98.8% | -100.0% | +77.8% | +3291.9% |
| FY 2019 | -3.3% | -13.7% | +14.8% | -482.5% | -683.3% | -683.2% | -254.4% | +16.0% | -26.6% | +6.5% | -3.1% | -4.4% |
| FY 2018 | +5.6% | +9.1% | -1.7% | +148.6% | +161.7% | +163.9% | +1081.2% | -120.4% | +12.9% | -1.9% | +2.9% | -4.1% |
| FY 2017 | -1.9% | -8.1% | +6.4% | -2011.9% | -247.6% | -241.6% | +94.5% | +87.1% | -10.9% | +5.0% | -7.5% | -4.0% |
| FY 2016 | +0.0% | +1.5% | +5.3% | -108.2% | -148.2% | -148.1% | +19.2% | +28.4% | +91.0% | -6.3% | +21.8% | 0.0% |
| FY 2015 | -5.0% | -8.3% | -7.6% | -70.8% | -79.2% | -79.1% | -401.4% | -572.1% | -39.3% | -19.4% | +2655.1% | 0.0% |
| FY 2014 | +5.7% | -3.4% | +2.4% | -0.7% | -4.9% | -5.9% | -31.5% | +43.0% | +16.8% | +3.0% | +3.4% | 0.0% |
SegmentsFY 2024
Revenue Mix
Latest product mixFY 2024 · $800,000
Data Center Hosting$800,000 · 100.0%
Latest geography mix
Not available.
Product revenue annual
| Period | Total | Data Center Hosting |
|---|---|---|
| FY 2024 | $800,000 | $800,000 |
Geography revenue annual
No segment history on file.
Transcripts14 on file
Transcripts
Events
Events
Next earnings
2026-11-06EPS est $-0.18
Latest news
- IREN vs. TeraWulf: Which AI Infrastructure Stock Carries Less Risk Now?
Zacks Investment Research · 2026-10-22
- TeraWulf Jumps 8% as CEO Says Power Demand Remains ‘Extremely Strong'; Applied Digital Surges 9%, IREN Climbs 6%
24/7 Wall Street · 2026-10-21