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Terawulf Inc.. (WULF) Stock Fundamental Analysis & AI Rating 2026

WULF Nasdaq Finance Services DE CIK: 0001083301
Recently Updated • Analysis: Apr 19, 2026 • SEC Data: 2025-12-31
STRONG SELL
88% Conf
Pending
Analysis scheduled

📊 WULF Key Takeaways

Revenue: $168.5M
Net Margin: -392.6%
Free Cash Flow: $-1.2B
Current Ratio: 2.00x
Debt/Equity: 22.06x
EPS: $-1.66
AI Rating: STRONG SELL with 88% confidence
Terawulf Inc.. (WULF) receives a STRONG SELL rating with 88% confidence from our AI fundamental analysis based on SEC 10-K filings. With revenue of $168.5M, net profit margin of -392.6%, and return on equity (ROE) of -470.9%, Terawulf Inc.. demonstrates mixed fundamentals in the Finance sector. Below is our complete WULF stock analysis for 2026.

Is Terawulf Inc.. (WULF) a Good Investment?

Claude

Terawulf exhibits severe operational losses (-$661.4M net loss, -110.5% operating margin) and negative cash generation (-$1.2B free cash flow) despite 11.2% revenue growth, indicating the capital-intensive business model is not yet economically viable. Extreme leverage (22.06x Debt/Equity) combined with inability to cover interest from operations creates existential risk, though substantial cash reserves ($3.3B) provide temporary runway of 2-3 years at current burn rates.

Why Buy Terawulf Inc.. Stock? WULF Key Strengths

Claude
  • + Revenue growing 11.2% YoY despite unprofitability
  • + Strong liquid position with $3.3B cash and 2.0x current ratio provides near-term operational cushion
  • + Gross margin of 39.2% indicates core product economics are viable at unit level

WULF Stock Risks: Terawulf Inc.. Investment Risks

Claude
  • ! Operating cash flow negative $123.2M; company cannot sustain operations from internal cash generation
  • ! Extreme leverage with Debt/Equity of 22.06x and interest coverage of -16.9x; leverage is unsustainable
  • ! Free cash flow of -$1.2B annually with $1.1B CapEx suggests massive capital requirements for unproven returns
  • ! Net losses of $661.4M and negative ROE of -470.9% indicate fundamentally unprofitable operations
  • ! Stockholders equity of only $140.4M against $6.4B liabilities provides minimal equity buffer

Key Metrics to Watch

Claude
  • * Path to operating profitability and positive operating cash flow
  • * Capital expenditure efficiency and incremental revenue per dollar of CapEx invested
  • * Cash runway timeline and ability to refinance debt before liquidity exhaustion

Terawulf Inc.. (WULF) Financial Metrics & Key Ratios

Revenue
$168.5M
Net Income
$-661.4M
EPS (Diluted)
$-1.66
Free Cash Flow
$-1.2B
Total Assets
$6.6B
Cash Position
$3.3B

💡 AI Analyst Insight

Strong liquidity with a 2.00x current ratio provides a solid financial cushion.

WULF Profit Margin, ROE & Profitability Analysis

Gross Margin 39.2%
Operating Margin -110.5%
Net Margin -392.6%
ROE -470.9%
ROA -10.1%
FCF Margin -702.5%

WULF vs Finance Sector: How Terawulf Inc.. Compares

How Terawulf Inc.. compares to Finance sector averages

Net Margin
WULF -392.6%
vs
Sector Avg 25.0%
WULF Sector
ROE
WULF -470.9%
vs
Sector Avg 12.0%
WULF Sector
Current Ratio
WULF 2.0x
vs
Sector Avg 1.2x
WULF Sector
Debt/Equity
WULF 22.1x
vs
Sector Avg 2.0x
WULF Sector

Sector benchmarks are approximate industry averages. Actual sector performance may vary.

Is Terawulf Inc.. Stock Overvalued? WULF Valuation Analysis 2026

Based on fundamental analysis, Terawulf Inc.. shows some fundamental concerns relative to the Finance sector in 2026.

Return on Equity
-470.9%
Sector avg: 12%
Net Profit Margin
-392.6%
Sector avg: 25%
Revenue Growth
N/A
Year-over-year
Debt/Equity
22.06x
Sector avg: 2x

Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.

Terawulf Inc.. Balance Sheet: WULF Debt, Cash & Liquidity

Current Ratio
2.00x
Quick Ratio
2.00x
Debt/Equity
22.06x
Debt/Assets
97.9%
Interest Coverage
-16.86x
Long-term Debt
$3.1B

WULF Revenue & Earnings Growth: 5-Year Financial Trend

WULF 5-year financial data: Year 2020: Revenue $17.6M, Net Income N/A, EPS N/A. Year 2022: Revenue $15.0M, Net Income -$95.7M, EPS $-1.13. Year 2023: Revenue $69.2M, Net Income -$90.8M, EPS $-0.82. Year 2024: Revenue $140.1M, Net Income -$90.8M, EPS $-0.82. Year 2025: Revenue $151.6M, Net Income -$73.4M, EPS $-0.35.
Revenue
Net Income
EPS (right axis)

5-Year Trend Summary: Terawulf Inc..'s revenue has grown significantly by 760% over the 5-year period, indicating strong business expansion. The most recent EPS of $-0.35 indicates the company is currently unprofitable.

WULF Revenue Growth, EPS Growth & YoY Performance

Revenue Growth
N/A
Year-over-year
Net Income Growth
N/A
Year-over-year
EPS Growth
N/A
Earnings per share
FCF Margin
-702.5%
Free cash flow / Revenue

WULF Quarterly Earnings & Performance

Quarterly financial performance data for Terawulf Inc.. including revenue, net income, and earnings per share.
Quarter Revenue Net Income EPS
Q3 2025 $27.1M -$22.7M $-0.06
Q2 2025 $35.6M -$10.9M $-0.03
Q1 2025 $34.4M -$9.6M $-0.03
Q3 2024 $19.0M -$19.1M $-0.06
Q2 2024 $15.5M -$10.9M $-0.03
Q1 2024 $11.5M -$9.6M $-0.03
Q3 2023 $3.9M -$19.1M $-0.09
Q2 2023 $1.4M -$13.7M $-0.08

Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.

Terawulf Inc.. Dividends, Buybacks & Capital Allocation

Operating Cash Flow
-$123.2M
Cash generated from operations
Stock Buybacks
$33.3M
Shares repurchased (TTM)
Capital Expenditures
$1.1B
Investment in assets
Dividends Paid
$2.0M
Returned to shareholders

WULF SEC Filings: Latest 10-K & 10-Q Analysis

Access official SEC EDGAR filings for Terawulf Inc.. (CIK: 0001083301)

📋 Recent SEC Filings

Date Form Document Action
Apr 16, 2026 4 xslF345X06/wk-form4_1776389312.xml View →
Apr 16, 2026 4 xslF345X06/wk-form4_1776389238.xml View →
Apr 16, 2026 4 xslF345X06/wk-form4_1776389139.xml View →
Apr 16, 2026 4 xslF345X06/wk-form4_1776388437.xml View →
Apr 16, 2026 8-K tm2611661d9_8k.htm View →

Frequently Asked Questions about WULF

What is the AI rating for WULF?

Terawulf Inc.. (WULF) has an AI rating of STRONG SELL with 88% confidence, based on fundamental analysis of SEC EDGAR filings.

What are WULF's key strengths?

Claude: Revenue growing 11.2% YoY despite unprofitability. Strong liquid position with $3.3B cash and 2.0x current ratio provides near-term operational cushion.

What are the risks of investing in WULF?

Claude: Operating cash flow negative $123.2M; company cannot sustain operations from internal cash generation. Extreme leverage with Debt/Equity of 22.06x and interest coverage of -16.9x; leverage is unsustainable.

What is WULF's revenue and growth?

Terawulf Inc.. reported revenue of $168.5M.

Does WULF pay dividends?

Terawulf Inc.. pays dividends, with $2.0M distributed to shareholders in the trailing twelve months.

Where can I find WULF SEC filings?

Official SEC filings for Terawulf Inc.. (CIK: 0001083301) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.

What is WULF's EPS?

Terawulf Inc.. has a diluted EPS of $-1.66.

How is the AI analysis conducted?

Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined rating reflects both perspectives for balanced insights.

Is WULF a good stock to buy right now?

Based on our AI fundamental analysis in April 2026, Terawulf Inc.. has a STRONG SELL rating with 88% confidence. Review the strengths and risks sections above before making a decision. This is not investment advice.

Is WULF stock overvalued or undervalued?

Valuation metrics for WULF: ROE of -470.9% (sector avg: 12%), net margin of -392.6% (sector avg: 25%). Compare these metrics with sector averages to assess valuation.

Should I buy WULF stock in 2026?

Our dual AI analysis gives Terawulf Inc.. a combined STRONG SELL rating for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.

What is WULF's free cash flow?

Terawulf Inc..'s operating cash flow is $-123.2M, with capital expenditures of $1.1B. FCF margin is -702.5%.

How does WULF compare to other Finance stocks?

Vs Finance sector averages: Net margin -392.6% (avg: 25%), ROE -470.9% (avg: 12%), current ratio 2.00 (avg: 1.2).

Is Terawulf Inc.. carrying too much debt?

WULF has a debt-to-equity ratio of 22.06x, which is above the Finance sector average of 2x. However, the current ratio of 2.00 suggests adequate short-term liquidity.

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Disclaimer: This analysis is generated by Claude AI (Anthropic) and ChatGPT (OpenAI) based on publicly available SEC EDGAR filings. It does not include stock price data and should not be considered financial advice. All fundamental data is sourced from SEC public domain filings. Always conduct your own research and consult with a qualified financial advisor before making investment decisions.
Data Source: SEC EDGAR | Analysis Date: Apr 19, 2026 | Data as of: 2025-12-31 | Powered by Claude AI