# TeraWulf Inc. (WULF) fundamentals

Data as of 2026-09-08. NASDAQ, United States. Sector: Financial Services / Capital Markets. Price $16.51, market value $8.2 billion.

## Valuation
- **P/E (trailing): n/a** (negative earnings). TeraWulf Inc. reported negative earnings over the last twelve months, so the P/E is not meaningful; use price-to-sales, EV/EBITDA and free-cash-flow yield instead.
- **Price / sales: 49.9×**. Each dollar of revenue is priced at 49.9×, a level that requires very high margins or very fast growth to justify.
- **Price / book: 56.0×**. The shares trade at 56.0× book value; most of the value is in earnings power and intangibles rather than the balance sheet.
- **Free-cash-flow yield: -30.4%** (5-yr avg -36.6%). Free cash flow is negative: the business is consuming cash, which is normal for heavy investment phases but a warning otherwise.

## Profitability
- **Operating margin: -250.4%**. Operating margin is negative: the business loses money before interest and tax.
- **Net margin: -392.6%**. The company reported a net loss over the last twelve months.
- **Return on equity: -470.9%**. Return on equity is negative because earnings are negative.
- **Return on assets: -29.7%**. Each dollar of assets produces -29.7% of profit; low single digits are normal for banks and insurers.

## Growth
- **Revenue growth (1 yr): 20.3%** (3-yr 123.8%/yr, 5-yr 57.1%/yr). Revenue grew 20.3% over the last year, against 57.1% a year compounded over five years: growth is slowing.
- **EPS growth (1 yr): -690.5%**. Earnings per share fell 690.5%, slower than revenue, so margins compressed.

## Financial health
- **Piotroski F-score: 1/9**. 1 of 9 checks pass: weak or deteriorating financials.
- **Cash and short-term investments: $3.3 billion**. Leverage ratios are shown differently for banks and insurers, whose balance sheets are built on deposits and reserves; use return on equity and the regulatory capital in the filings instead.

## Dividends
- **Dividend: none**. TeraWulf Inc. does not currently pay a dividend.

## Analyst view
- **Analyst consensus: strong_buy** (19 analysts). 19 analysts cover TeraWulf Inc.; the consensus is strong_buy, with an average price target of $36.34 (+120% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): 86.1%** (YTD 43.7%, 3-mo -31.2%). The shares are up 86.1% over twelve months including dividends.
- **From 52-week high: -44.7%** (80.8% above the low). Trading 45% below its 52-week high, deep in a drawdown.
- **200-day average: below**. The price sits below its 200-day moving average, the usual definition of a downtrend.
- **RSI (14-day): 49**. An RSI of 49 is neutral.
- **Beta (1 yr): 3.15** (volatility 91%). Beta of 3.15 against the S&P 500: the shares move much more than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=WULF · Page: https://foliofundamentals.com/stocks/wulf

Not investment advice.