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TERAWULF INC (WULF) Stock Fundamental Analysis

USA - Nasdaq - NASDAQ:WULF - US88080T1043 - Common Stock

11.29 USD
-0.27 (-2.34%)
Last: 11/21/2025, 8:05:58 PM
11.54 USD
+0.25 (+2.21%)
Pre-Market: 11/24/2025, 6:44:25 AM
Fundamental Rating

2

Taking everything into account, WULF scores 2 out of 10 in our fundamental rating. WULF was compared to 280 industry peers in the Software industry. WULF has a bad profitability rating. Also its financial health evaluation is rather negative. WULF is valued quite expensive, but it does show an excellent growth.


Dividend Valuation Growth Profitability Health

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1

1. Profitability

1.1 Basic Checks

In the past year WULF has reported negative net income.
WULF had a negative operating cash flow in the past year.
In the past 5 years WULF always reported negative net income.
WULF had negative operating cash flow in 4 of the past 5 years.
WULF Yearly Net Income VS EBIT VS OCF VS FCFWULF Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 -50M -100M -150M -200M -250M

1.2 Ratios

With a Return On Assets value of -22.94%, WULF is not doing good in the industry: 73.21% of the companies in the same industry are doing better.
With a Return On Equity value of -227.68%, WULF is not doing good in the industry: 82.50% of the companies in the same industry are doing better.
Industry RankSector Rank
ROA -22.94%
ROE -227.68%
ROIC N/A
ROA(3y)-19.15%
ROA(5y)-19.16%
ROE(3y)-46.79%
ROE(5y)-44.08%
ROIC(3y)N/A
ROIC(5y)N/A
WULF Yearly ROA, ROE, ROICWULF Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 -20 -40 -60

1.3 Margins

WULF's Gross Margin of 50.24% is on the low side compared to the rest of the industry. WULF is outperformed by 68.93% of its industry peers.
In the last couple of years the Gross Margin of WULF has grown nicely.
WULF does not have Profit Margin and Operating Margin available, so we won't be analyzing them here.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM 50.24%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5Y12.53%
WULF Yearly Profit, Operating, Gross MarginsWULF Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 -200 -400 -600

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1

2. Health

2.1 Basic Checks

WULF does not have a ROIC to compare to the WACC, probably because it is not profitable.
Compared to 1 year ago, WULF has more shares outstanding
The number of shares outstanding for WULF has been increased compared to 5 years ago.
Compared to 1 year ago, WULF has a worse debt to assets ratio.
WULF Yearly Shares OutstandingWULF Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M
WULF Yearly Total Debt VS Total AssetsWULF Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M

2.2 Solvency

Based on the Altman-Z score of 0.71, we must say that WULF is in the distress zone and has some risk of bankruptcy.
WULF has a worse Altman-Z score (0.71) than 65.00% of its industry peers.
A Debt/Equity ratio of 4.29 is on the high side and indicates that WULF has dependencies on debt financing.
Looking at the Debt to Equity ratio, with a value of 4.29, WULF is doing worse than 86.07% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 4.29
Debt/FCF N/A
Altman-Z 0.71
ROIC/WACCN/A
WACC10.77%
WULF Yearly LT Debt VS Equity VS FCFWULF Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200M -200M 400M

2.3 Liquidity

A Current Ratio of 1.03 indicates that WULF should not have too much problems paying its short term obligations.
WULF has a Current ratio of 1.03. This is in the lower half of the industry: WULF underperforms 72.50% of its industry peers.
A Quick Ratio of 1.03 indicates that WULF should not have too much problems paying its short term obligations.
With a Quick ratio value of 1.03, WULF is not doing good in the industry: 71.43% of the companies in the same industry are doing better.
Industry RankSector Rank
Current Ratio 1.03
Quick Ratio 1.03
WULF Yearly Current Assets VS Current LiabilitesWULF Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M 200M 250M

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7

3. Growth

3.1 Past

The earnings per share for WULF have decreased strongly by -164.29% in the last year.
Looking at the last year, WULF shows a very strong growth in Revenue. The Revenue has grown by 30.58%.
WULF shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 51.38% yearly.
EPS 1Y (TTM)-164.29%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-33.33%
Revenue 1Y (TTM)30.58%
Revenue growth 3YN/A
Revenue growth 5Y51.38%
Sales Q2Q%86.92%

3.2 Future

Based on estimates for the next years, WULF will show a very strong growth in Earnings Per Share. The EPS will grow by 46.16% on average per year.
WULF is expected to show a strong growth in Revenue. In the coming years, the Revenue will grow by 57.11% yearly.
EPS Next Y-78.71%
EPS Next 2Y-6.24%
EPS Next 3Y62.87%
EPS Next 5Y46.16%
Revenue Next Year35.33%
Revenue Next 2Y71.9%
Revenue Next 3Y100.43%
Revenue Next 5Y57.11%

3.3 Evolution

The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.
WULF Yearly Revenue VS EstimatesWULF Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2016 2018 2020 2022 2024 2026 2028 2030 2032 500M 1B 1.5B
WULF Yearly EPS VS EstimatesWULF Yearly EPS VS EstimatesYearly EPS VS Estimates 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 0 0.5 -0.5 1

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1

4. Valuation

4.1 Price/Earnings Ratio

WULF reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
Also next year WULF is expected to report negative earnings again, which makes the also the Forward Price/Earnings Ratio negative.
Industry RankSector Rank
PE N/A
Fwd PE N/A
WULF Price Earnings VS Forward Price EarningsWULF Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 20 -20 40 -40

4.2 Price Multiples

Industry RankSector Rank
P/FCF N/A
EV/EBITDA N/A
WULF Per share dataWULF EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 0.5 -0.5 -1 -1.5

4.3 Compensation for Growth

A more expensive valuation may be justified as WULF's earnings are expected to grow with 62.87% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-6.24%
EPS Next 3Y62.87%

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0

5. Dividend

5.1 Amount

No dividends for WULF!.
Industry RankSector Rank
Dividend Yield N/A

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TERAWULF INC

NASDAQ:WULF (11/21/2025, 8:05:58 PM)

Premarket: 11.54 +0.25 (+2.21%)

11.29

-0.27 (-2.34%)

Chartmill FA Rating
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)11-10 2025-11-10/amc
Earnings (Next)02-26 2026-02-26/bmo
Inst Owners54.65%
Inst Owner Change27.85%
Ins Owners7.19%
Ins Owner Change0.9%
Market Cap4.73B
Revenue(TTM)167.60M
Net Income(TTM)-563.16M
Analysts82.11
Price Target20.42 (80.87%)
Short Float %36.92%
Short Ratio2.53
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly DividendN/A
Dividend Growth(5Y)N/A
DP0%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-7.74%
Min EPS beat(2)-39.24%
Max EPS beat(2)23.75%
EPS beat(4)1
Avg EPS beat(4)-69.46%
Min EPS beat(4)-133.63%
Max EPS beat(4)23.75%
EPS beat(8)1
Avg EPS beat(8)-79.72%
EPS beat(12)1
Avg EPS beat(12)-101.53%
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)1
Avg Revenue beat(2)-1.56%
Min Revenue beat(2)-4.1%
Max Revenue beat(2)0.98%
Revenue beat(4)1
Avg Revenue beat(4)-8.46%
Min Revenue beat(4)-21.8%
Max Revenue beat(4)0.98%
Revenue beat(8)1
Avg Revenue beat(8)-9.22%
Revenue beat(12)2
Avg Revenue beat(12)-10.26%
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)56.5%
PT rev (3m)80.62%
EPS NQ rev (1m)-94.11%
EPS NQ rev (3m)-123.41%
EPS NY rev (1m)-4.14%
EPS NY rev (3m)-4.87%
Revenue NQ rev (1m)-22.92%
Revenue NQ rev (3m)-23.78%
Revenue NY rev (1m)-4.47%
Revenue NY rev (3m)-4.87%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 28.2
P/FCF N/A
P/OCF N/A
P/B 19.11
P/tB 24.63
EV/EBITDA N/A
EPS(TTM)-0.37
EYN/A
EPS(NY)-0.21
Fwd EYN/A
FCF(TTM)-1.62
FCFYN/A
OCF(TTM)-0.19
OCFYN/A
SpS0.4
BVpS0.59
TBVpS0.46
PEG (NY)N/A
PEG (5Y)N/A
Graham NumberN/A
Profitability
Industry RankSector Rank
ROA -22.94%
ROE -227.68%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 50.24%
FCFM N/A
ROA(3y)-19.15%
ROA(5y)-19.16%
ROE(3y)-46.79%
ROE(5y)-44.08%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5Y12.53%
F-Score3
Asset Turnover0.07
Health
Industry RankSector Rank
Debt/Equity 4.29
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr 797.9%
Cap/Sales 357.29%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 1.03
Quick Ratio 1.03
Altman-Z 0.71
F-Score3
WACC10.77%
ROIC/WACCN/A
Cap/Depr(3y)543.16%
Cap/Depr(5y)N/A
Cap/Sales(3y)235.52%
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-164.29%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-33.33%
EPS Next Y-78.71%
EPS Next 2Y-6.24%
EPS Next 3Y62.87%
EPS Next 5Y46.16%
Revenue 1Y (TTM)30.58%
Revenue growth 3YN/A
Revenue growth 5Y51.38%
Sales Q2Q%86.92%
Revenue Next Year35.33%
Revenue Next 2Y71.9%
Revenue Next 3Y100.43%
Revenue Next 5Y57.11%
EBIT growth 1Y-290.93%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year250.38%
EBIT Next 3Y161.34%
EBIT Next 5Y111.45%
FCF growth 1Y-1034.15%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-910.57%
OCF growth 3YN/A
OCF growth 5YN/A

TERAWULF INC / WULF FAQ

Can you provide the ChartMill fundamental rating for TERAWULF INC?

ChartMill assigns a fundamental rating of 2 / 10 to WULF.


What is the valuation status of TERAWULF INC (WULF) stock?

ChartMill assigns a valuation rating of 1 / 10 to TERAWULF INC (WULF). This can be considered as Overvalued.


What is the profitability of WULF stock?

TERAWULF INC (WULF) has a profitability rating of 1 / 10.


How financially healthy is TERAWULF INC?

The financial health rating of TERAWULF INC (WULF) is 1 / 10.