profit from every $100 of sales.
$0$100
TeraWulf
$12.62-3.22% today
+8.0% in 1 year
1-year low $10.081-year high $28.98
Trading close to its lowest price of the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average, 2020 to 2025.
0%20% a year
It has no yearly profit to compare the price with.
CheapExpensive
Not measured for banks and insurers: deposits and policy reserves count as debt, so the usual debt test says nothing about them.
Money in, money out
What TeraWulf sold, what it kept, and what it did with the cash.
Sales went from $15.0 million in 2022 to $168 million in 2025, with -$661 million of profit last year.
SalesProfit
TeraWulf vs. similar companies
How it compares with the largest companies in its industry.
| Company | Profit from $100 of sales | Sales growth a year | Price per $1 of profit |
|---|---|---|---|
| TeraWulf | No profit yet | ||
 Morgan Stanley | 17.7× · Fair price | ||
 The Goldman Sachs Group | 15.4× · Fair price | ||
 The Charles Schwab | 18.1× · Fair price | ||
 Interactive Brokers Group | 141.6× · Very expensive |
AI analysis
An AI analyst reads TeraWulf's last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of USD | 2019 | 2020 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| 18 | 13 | 15 | 69 | 140 | 168 | |
| – | – | 4 | 42 | 77 | 86 | |
| – | – | -43 | -28 | -61 | -170 | |
| -0 | 0 | -39 | 0 | -17 | -484 | |
| -1 | -0 | -91 | -73 | -72 | -661 | |
| -0.41 | -0.22 | -0.82 | -0.35 | -0.21 | -1.66 | |
| – | – | 26.3% | 60.5% | 55.3% | 50.9% | |
| – | – | -285.1% | -40.9% | -43.3% | -101.1% | |
| -4.6% | -3.3% | -603.9% | -106.1% | -51.7% | -392.6% |
Balance sheet
| In millions of USD | 2019 | 2020 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Total assets | 17 | 15 | 318 | 378 | 788 | 6,558 |
| Cash | 1 | 4 | 1 | 54 | 274 | 3,266 |
| Total debt | – | – | 129 | 124 | 491 | 5,196 |
| Total liabilities | 5 | 4 | 200 | 156 | 543 | 6,418 |
| 12 | 12 | 118 | 222 | 244 | 140 | |
| 2 | 2 | 111 | 210 | 351 | 398 | |
| -5.8% | -3.8% | -14.6% | -6.6% | -8.4% | -8.5% | |
| -6.6% | -3.7% | -77.1% | -33.0% | -29.6% | -470.9% |
Cash flow
| In millions of USD | 2019 | 2020 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| -0 | -0 | -34 | 4 | -24 | -123 | |
| 0 | 0 | 73 | 75 | 268 | 1,060 | |
| -1 | -1 | -107 | -71 | -292 | -1,183 | |
| Dividends paid | – | – | – | – | – | – |
| 0 | – | 0 | 0 | 118 | 33 | |
| 0 | 0 | 2 | 6 | 31 | 51 |
This is a bank or insurer, so cash-flow and debt ratios are left out: borrowing and lending is the business itself. Price to book and return on equity are the measures that matter here.
Valuation
- –
- –
- –
- 38.9×
- 37.6×
- -10.5%
- 0.0%
Profitability
- -392.6%
- -8.8%
- -9.8%
- -850.4%
- -14.7%
Growth
- +65.8%
- –
- –
- +53.2%
How it ranks in Financial Services
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
Bottom 3%of 847
Bottom 1%of 728
Top 6%of 878
Bottom 5%of 932
What analysts expect
- Average price target
- $31.70
- Range
- $25.00 – $41.50
- 6 analysts
These targets were collected on May 20, 2026 and our analyst feed has not updated since, so we no longer compare them with today's price.
Recent earnings
Our results feed has not updated since May 21, 2026. Results reported after that are not in this table yet.
| Date | EPS | Expected | Surprise |
|---|---|---|---|
| May 8, 2026 | -0.44 | -0.19 | −130.5% |
| Feb 26, 2026 | -0.28 | -0.13 | −115.4% |
| Nov 10, 2025 | -0.07 | -0.04 | −60.4% |
| Aug 8, 2025 | -0.05 | -0.04 | −25.0% |
| May 9, 2025 | -0.16 | -0.07 | −128.6% |
| Feb 28, 2025 | -0.08 | -0.04 | −100.0% |
| Nov 12, 2024 | -0.05 | -0.02 | −122.2% |
| Aug 12, 2024 | -0.03 | -0.02 | −66.7% |
News
IREN Falls 5% After Friday’s 20% Surge as AI Lending Worries Mount; TeraWulf and Applied Digital Rise 2%Yahoo Finance · Nov 9, 2026IREN Climbs 4% as Co-CEO Says Debt and Prepayments Can Fund FY27 Capex, TeraWulf SlipsYahoo Finance · Aug 31, 2026Crypto Mining Stocks Rally as Bitcoin Hovers Around $80K: MARA Jumps 7%, TeraWulf and IREN Climb 5%Yahoo Finance · Aug 25, 2026IREN Jumps 6% but Then Gives Up Gains as Microsoft Accepts Horizon 1; TeraWulf Ticks Up, Cipher Digital Drops 5%Yahoo Finance · Aug 21, 2026Insider trades
Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
The seven classic investing rulebooks
0/7Passes 0 of 7. Each bar is how well the company fits that investor's published rules, from 0 to 100; 60 or more counts as a pass.
Warren Buffett
29No pass
Benjamin Graham
12No pass
Philip Fisher
44No pass
Peter Lynch
43No pass
Joel Greenblatt
0No pass
Charlie Munger
29No pass
Terry Smith
46No pass
Questions about TeraWulf
Is TeraWulf a good stock to buy?
A business with weak numbers that is not profitable yet. 0 of the 7 famous investors' published rulebooks we apply pass it. Whether it suits you depends on your goals and the price you pay; invest-like never tells anyone to buy or sell. The AI analysis lays out the case for and against. Read the TeraWulf AI analysis
What does TeraWulf do?
TeraWulf Inc., together with its subsidiaries, owns, develops, operates digital infrastructure in the United States. It is in Capital Markets, based in Easton, MD, United States, with 141 employees.
Does TeraWulf pay a dividend?
No. TeraWulf does not pay a dividend at the moment; in 2025 it returned $33.3 million to shareholders by buying back its own shares.
Is TeraWulf stock halal?
No. TeraWulf does not pass our halal screen: its debt is 82% of its market value, at or above the 33% limit. How we check
How has TeraWulf stock done over the past year?
Up 8.0% over the past twelve months, to $12.62. It traded between $10.08 and $28.98 and is 56.5% below its high.
Who are TeraWulf's competitors?
The largest listed companies in the same industry are Morgan Stanley, The Goldman Sachs Group, The Charles Schwab and Interactive Brokers Group. The peers table on this page compares their profit, growth and price with TeraWulf's.
Prices: daily closes to Nov 13, 2026. Fundamentals: company reports via invest-like data.