TeraWulf Inc. (WULF) Valuation — DCF, Graham & Comparables

TeraWulf Inc. (WULF) — Price $11.73 (closing price, October 30, 2026) — Financial Services — Financial - Capital Markets — NASDAQ

Latest reported results:

Valuation dashboard for TeraWulf Inc. (WULF) with P/E N/A, P/B 38.68, EV/EBITDA -9.6 and dividend yield 0.00%. DCF, Graham Number, EPS growth, peer multiples and dividend discount models plus sector comparison against other Financial Services companies.

TeraWulf Inc., together with its subsidiaries, owns, develops, operates digital infrastructure in the United States. It also develops and operates bitcoin mining facilities for bitcoin mining and high-performance computing workloads, leveraging clean, cost-effective, and reliable energy. The company was founded in 2021 and is headquartered in Easton, Maryland.

Analysis Summary

TeraWulf Inc. reported revenue of $168.5M in the most recent fiscal year, growing at a 5-year CAGR of 65.8%.

Trailing-twelve-month margins: gross margin 69.3%, operating margin -228.5%, net margin -11.8%.

At $11.73 (closing price, October 30, 2026), WULF has negative trailing earnings (P/E not meaningful) and an ROE of -17.09%. Market capitalisation stands at $5.9B.

Balance sheet quality for WULF: debt-to-equity ratio of 35.56, current ratio of 0.75 over the last 12 months. A debt-to-equity below 1.0 typically signals conservative capital structure, while a current ratio above 1.5 indicates comfortable short-term liquidity.

Valuation Ratios

Price / Book38.68
EV / EBITDA-9.6
Dividend Yield0.00%

Peer Comparison

SymbolCompanyMarket CapP/EP/BROE
WULFTeraWulf Inc.$5.9B38.68-17.1%
IRENIREN Limited$9.7B2.07-23.0%
APLDApplied Digital Corp.$5.4B2.91-28.0%
CIFRCipher Mining Inc.$3.0B5.31-156.3%
RIOTRiot Platforms, Inc.$4.8B2.03-48.4%
MARAMarathon Digital Holdings, Inc.$2.6B1.56-110.4%

Price

Price$11.73 (closing price, October 30, 2026)
Market Cap$5.9B
ExchangeNASDAQ
CountryUS

Profitability

Return on Equity-1,708.70%
Return on Invested Capital-6.89%
Return on Assets-24.22%
Gross Margin69.26%
Operating Margin-228.47%
Net Margin-1,179.94%

Related companies: IREN · APLD · CIFR · RIOT · MARA

Explore sector: Financial Services · Financial - Capital Markets

More sections of WULF: Overview · Financials · Statistics · Estimates · Technical · Ownership · News · Events

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