Stocktoria

TERAWULF INC. WULF

Nasdaq · stock · Finance Services · website · IPO 1993-10-27 · LEI

TERAWULF INC. statistics & valuation

Market cap$13.9B
P / S82.4×
P / B98.8×
Net margin-392.6%
FCF margin-702.5%
Net cash$167.8M
Enterprise value USD$13.7B
Earnings yield EBIT/EV-1.4%
Return on capital-3.9%

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports.

Profitability & efficiency

Net margin (%)
-1.30% 0.80% -4.60% -3.30% -603.90% -106.10% -51.70% -392.60% 2015201620172018201920202022202320242025
Gross margin (%)
33.20% 34.30% 30.60% 29.10% 26.30% 53.50% 49.80% 39.20% 2015201620172018201920202022202320242025
Operating margin (%)
-2.70% 1.20% -5.40% -13.30% -291.00% -42.50% -54.40% -110.50% 2015201620172018201920202022202320242025
Return on equity (%)
1.00% -0.50% -1.70% 1.10% -6.60% -3.70% -77.10% -33.00% -29.60% -470.90% 2015201620172018201920202022202320242025
Shares outstanding
2.0M 2.0M 2.0M 2.0M 2.0M 2.0M 145.5M 276.7M 385.7M 420.1M 2015201620172018201920202022202320242025
Net debt ($)
$2.0M $2.0M $1.4M $2.0M $123.6M $69.1M -$274.1M -$167.8M 2015201620172018201920202022202320242025
Share buybacks ($)
2015201620172018201920202022202320242025
Return on assets (%)
0.90% -0.40% -1.30% 0.80% -4.80% -2.80% -28.60% -19.40% -9.20% -10.10% 2015201620172018201920202022202320242025
Free cash flow margin (%)
-0.10% 3.70% -5.40% -4.10% -633.20% -102.40% -208.80% -702.50% 2015201620172018201920202022202320242025
Debt / equity (×)
0.23× 0.23× 0.23× 0.24× 1.06× 0.56× 0.00× 22.06× 2015201620172018201920202022202320242025
EPS ($)
$0.07 -$0.03 -$0.11 $0.07 -$0.41 -$0.22 -$0.82 -$0.35 -$0.21 -$1.66 2015201620172018201920202022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

TERAWULF INC. trades at about 245.6× earnings — above its 10-year norm (10-year range 20.1×–162.4×, median 50.8×).

20.1× 245.6×

Shaded band = 10-year range (20.1×–162.4×); dot = today's 245.6×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2020FY2019FY2018FY2017FY2016FY2015
Gross margin39.2%49.8%53.5%26.3%29.1%30.6%34.3%33.2%——
Operating margin-110.5%-54.4%-42.5%-291.0%-13.3%-5.4%1.2%-2.7%——
Net margin-392.6%-51.7%-106.1%-603.9%-3.3%-4.6%0.8%-1.3%——
FCF margin-702.5%-208.8%-102.4%-633.2%-4.1%-5.4%3.7%-0.1%——
Return on assets-10.1%-9.2%-19.4%-28.6%-2.8%-4.8%0.8%-1.3%-0.4%0.9%
Return on equity-470.9%-29.6%-33.0%-77.1%-3.7%-6.6%1.1%-1.7%-0.5%1.0%
Debt / equity22.06×0.00×0.56×1.06×—0.24×0.23×0.23×0.23×—
Current ratio2.005.430.400.112.174.496.879.446.895.92

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.