WULF

Company Overview — What Does TERAWULF INC. Do?

TeraWulf Inc., together with its subsidiaries, operates as a digital asset technology company in the United States. It develops, owns, and operates bitcoin mining facility sites. The company operates two bitcoin mining facility sites located in New York and Pennsylvania. TeraWulf Inc. is based in Easton, Maryland. TERAWULF INC. (WULF) is classified as a mid-cap stock in the Financials sector, specifically within the Banking industry. The company is led by CEO Paul B. Prager and employs approximately 6 people, headquartered in DULUTH, Maryland. With a market capitalization of $6.1B, WULF is one of the notable companies in the Financials sector.

TERAWULF INC. (WULF) Stock Rating — Reduce (April 2026)

As of April 2026, TERAWULF INC. receives a Reduce rating with a composite score of 32.1/100 and 2 out of 5 stars from the Blank Capital Research quantitative model.WULF ranks #3,539 out of 4,446 stocks in our coverage universe. Within the Financials sector, TERAWULF INC. ranks #795 of 891 stocks, placing it in the lower half of its Financials peers. The rating is generated by a multi-factor model that weighs quality (30%), momentum (25%), value (15%), investment (10%), stability (10%), and short interest (10%).

WULF Stock Price and 52-Week Range

TERAWULF INC. (WULF) currently trades at $19.00. The stock lost $0.03 (0.2%) in the most recent trading session. The 52-week high for WULF is $18.51, which means the stock is currently trading 2.6% from its annual peak. The 52-week low is $2.06, putting the stock 822.3% above its annual trough. Recent trading volume was 0 shares, suggesting relatively thin trading activity.

Is WULF Overvalued or Undervalued? — Valuation Analysis

TERAWULF INC. (WULF) carries a value factor score of 30/100 in the Blank Capital model, signaling premium valuation that prices in significant future growth. The price-to-book ratio stands at 50.03x, versus the sector average of 1.22x. The price-to-sales ratio is 44.01x, compared to 0.90x for the average Financials stock.

At current multiples, TERAWULF INC. trades at a premium to most Financials peers. This elevated valuation may be justified if the company can sustain above-average growth rates and profitability, but it also creates downside risk if earnings disappoint expectations.

TERAWULF INC. Profitability — ROE, Margins, and Quality Score

TERAWULF INC. (WULF) earns a quality factor score of 4/100, signaling below-average profitability metrics relative to the broader market. The return on equity (ROE) is -397.0%, compared to the Financials sector average of 8.5%, which is below typical expectations for high-quality companies. Return on assets (ROA) comes in at -8.5% versus the sector average of 1.2%.

On a margin basis, TERAWULF INC. reports gross margins of 46.3%. The operating margin is -78.2% (sector: 21.8%). Net profit margin stands at -300.2%, versus 17.7% for the average Financials stock. Revenue growth is running at 42.2% on a trailing basis, compared to 9.4% for the sector. Profitability is below benchmark levels, which may reflect industry headwinds, elevated reinvestment, or structural challenges.

WULF Debt, Balance Sheet, and Financial Health

TERAWULF INC. has a debt-to-equity ratio of 2206.0%, compared to the Financials sector average of 121.0%. This elevated leverage warrants close monitoring, as it increases the company's sensitivity to rising interest rates and economic downturns. The current ratio is 2.00x, suggesting adequate working capital coverage. Total debt on the balance sheet is $3.10B. Cash and equivalents stand at $711M.

WULF has a beta of 2.53, meaning it is more volatile than the broader market — a $10,000 investment in WULF would be expected to move 152.6% more than the S&P 500 on any given day. The stability factor score for TERAWULF INC. is 21/100, suggesting elevated price swings that may be unsuitable for conservative portfolios.

TERAWULF INC. Revenue and Earnings History — Quarterly Trend

In TTM 2026, TERAWULF INC. reported revenue of $160M and earnings per share (EPS) of $-1.66. Net income for the quarter was $-558M. Gross margin was 46.3%. Operating income came in at $-116M.

In FY 2025, TERAWULF INC. reported revenue of $168M and earnings per share (EPS) of $-1.66. Net income for the quarter was $-661M. Gross margin was 39.2%. Revenue grew 20.3% year-over-year compared to FY 2024. Operating income came in at $-186M.

In Q3 2025, TERAWULF INC. reported revenue of $51M and earnings per share (EPS) of $-1.13. Net income for the quarter was $-455M. Gross margin was 57.2%. Revenue grew 86.9% year-over-year compared to Q3 2024. Operating income came in at $-25M.

In Q2 2025, TERAWULF INC. reported revenue of $48M and earnings per share (EPS) of $-0.05. Net income for the quarter was $-18M. Gross margin was 53.6%. Revenue grew 33.9% year-over-year compared to Q2 2024. Operating income came in at $-16M.

Over the past 8 quarters, TERAWULF INC. has demonstrated a growth trajectory, with revenue expanding from $36M to $160M. Investors analyzing WULF stock should weigh these quarterly trends alongside the valuation and quality metrics discussed above.

WULF Dividend Yield and Income Analysis

TERAWULF INC. (WULF) does not currently pay a dividend. This is common among smaller companies in the Banking industry that prefer to reinvest cash flows into business expansion rather than returning capital to shareholders. Income-focused investors looking for Financials dividend stocks may want to explore other Financials stocks or use the stock screener to filter by dividend yield.

WULF Momentum and Technical Analysis Profile

TERAWULF INC. (WULF) has a momentum factor score of 74/100, indicating strong price momentum with the stock outperforming the majority of the market over recent periods. Stocks with high momentum scores have historically tended to continue their outperformance in the near term. The investment factor score is 23/100, which measures capital allocation efficiency and asset growth patterns. The short interest score of 35/100 signals elevated short interest, which can indicate bearish sentiment among institutional investors.

WULF vs Competitors — Financials Sector Ranking and Peer Comparison

Within the Financials sector, TERAWULF INC. (WULF) ranks #795 out of 891 stocks based on the Blank Capital composite score. This places WULF in the lower half of all Financials stocks in our coverage universe. Key competitors and sector peers include WHITE MOUNTAINS INSURANCE GROUP LTD (WTM) with a score of 62.9/100, OPPENHEIMER HOLDINGS INC (OPY) with a score of 62.6/100, Enact Holdings, Inc. (ACT) with a score of 61.6/100, International General Insurance Holdings Ltd. (IGIC) with a score of 61.3/100, and PARKE BANCORP, INC. (PKBK) with a score of 60.4/100.

Comparing WULF against the S&P 500 benchmark is also instructive for understanding relative performance. Investors can view the full WULF vs S&P 500 (SPY) comparison to assess how TERAWULF INC. stacks up against the broader market across all factor dimensions.

WULF Next Earnings Date

No upcoming earnings date has been announced for TERAWULF INC. (WULF) at this time. Check the earnings calendar for the latest scheduling updates across all stocks in our coverage universe.

Should You Buy WULF? — Investment Thesis Summary

The quantitative profile for TERAWULF INC. suggests caution. The quality score of 4/100 flags below-average profitability. The value score of 30/100 indicates premium valuation. Price momentum is positive at 74/100, suggesting the trend favors buyers. High volatility (stability score 21/100) increases portfolio risk.

In summary, TERAWULF INC. (WULF) earns a Reduce rating with a composite score of 32.1/100 as of April 2026. The rating is derived from the Blank Capital Research methodology, which combines six factor dimensions into a single quantitative ranking. Investors should consider these quantitative signals alongside their own fundamental research, risk tolerance, and investment time horizon before making buy or sell decisions on WULF stock.

Related Resources for WULF Investors

Explore more research and tools: WULF vs S&P 500 comparison, top Financials stocks, stock screener, our methodology, quality factor explained, value factor explained, momentum factor explained. Compare WULF head-to-head with peers: WULF vs WTM, WULF vs OPY, WULF vs ACT.