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TeraWulf Inc is a digital asset technology company that is engaged in digital infrastructure and sustainable energy development. It is involved in supporting environmentally conscious bitcoin mining operations by developing and operating facilities within the United States. The company's bitcoin mining facilities are powered by clean, affordable, and reliable energy sources. Its primary source of revenue stems from the mining of bitcoin conducted at the company's mining facility sites. Additionally, the company occasionally generates revenue through the provision of miner hosting services to third-party entities.
2021
12
LTM Revenue $192M
LTM EBITDA $52.7M
$6.1B
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As of September 2025, TeraWulf reported last 12-month revenue of $192M and EBITDA of $52.7M.
In the same period, TeraWulf generated $81.8M in LTM gross profit and -$109M in net income.
See TeraWulf valuation multiples based on analyst estimatesIn the most recent fiscal year, TeraWulf reported revenue of $140M and EBITDA of -$17.4M.
TeraWulf expects next 12-month revenue of XXX and NTM EBITDA of XXX
See TeraWulf valuation multiples based on analyst estimates| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue | $192M | XXX | $140M | XXX | XXX | XXX |
| Gross Profit | $81.8M | XXX | $77.4M | XXX | XXX | XXX |
| Gross Margin | 43% | XXX | 55% | XXX | XXX | XXX |
| EBITDA | $52.7M | XXX | -$17.4M | XXX | XXX | XXX |
| EBITDA Margin | 27% | XXX | -12% | XXX | XXX | XXX |
| EBIT | -$96.3M | XXX | -$60.6M | XXX | XXX | XXX |
| EBIT Margin | -50% | XXX | -43% | XXX | XXX | XXX |
| Net Profit | -$109M | XXX | -$72.4M | XXX | XXX | XXX |
| Net Margin | -57% | XXX | -52% | XXX | XXX | XXX |
| Net Debt | XXX | XXX | $213M | XXX | XXX | XXX |
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TeraWulf has current market cap of $5.7B, and EV of $6.1B.
As of October 17, 2025, TeraWulf's stock price is $14.
See TeraWulf trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $6.1B | $5.7B | XXX | XXX | XXX | XXX | $-0.28 |
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Start Free TrialTeraWulf's trades at 43.8x EV/Revenue multiple, and -352.3x EV/EBITDA.
See valuation multiples for TeraWulf and 15K+ public compsAs of October 17, 2025, TeraWulf has market cap of $5.7B and EV of $6.1B.
Equity research analysts estimate TeraWulf's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
TeraWulf has a P/E ratio of -52.5x.
| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $5.7B | XXX | $5.7B | XXX | XXX | XXX |
| EV (current) | $6.1B | XXX | $6.1B | XXX | XXX | XXX |
| EV/Revenue | 31.9x | XXX | 43.8x | XXX | XXX | XXX |
| EV/EBITDA | 116.3x | XXX | -352.3x | XXX | XXX | XXX |
| EV/EBIT | -63.7x | XXX | -101.2x | XXX | XXX | XXX |
| EV/Gross Profit | 75.0x | XXX | n/a | XXX | XXX | XXX |
| P/E | -52.5x | XXX | -78.9x | XXX | XXX | XXX |
| EV/FCF | -33.3x | XXX | -21.0x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Start Free TrialTeraWulf's last 12 month revenue growth is 99%
TeraWulf's revenue per employee in the last FY averaged $11.7M, while opex per employee averaged $11.5M for the same period.
TeraWulf's rule of 40 is 99% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
TeraWulf's rule of X is 274% (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
See operational valuation multiples for TeraWulf and other 15K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 99% | XXX | 75% | XXX | XXX | XXX |
| EBITDA Margin | 27% | XXX | -12% | XXX | XXX | XXX |
| EBITDA Growth | 237% | XXX | 1677% | XXX | XXX | XXX |
| Rule of 40 | 99% | XXX | 86% | XXX | XXX | XXX |
| Bessemer Rule of X | XXX | XXX | 274% | XXX | XXX | XXX |
| Revenue per Employee | XXX | XXX | $11.7M | XXX | XXX | XXX |
| Opex per Employee | XXX | XXX | $11.5M | XXX | XXX | XXX |
| S&M Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| G&A Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| R&D Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| Opex to Revenue | XXX | XXX | 99% | XXX | XXX | XXX |
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| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| Phoenix Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Exodus Movement | XXX | XXX | XXX | XXX | XXX | XXX |
| Jasmine Technology Solution | XXX | XXX | XXX | XXX | XXX | XXX |
| Advanced Blockchain | XXX | XXX | XXX | XXX | XXX | XXX |
| Bitcoin Group | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
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TeraWulf acquired XXX companies to date.
Last acquisition by TeraWulf was XXXXXXXX, XXXXX XXXXX XXXXXX . TeraWulf acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Start Free Trial| When was TeraWulf founded? | TeraWulf was founded in 2021. |
| Where is TeraWulf headquartered? | TeraWulf is headquartered in United States of America. |
| How many employees does TeraWulf have? | As of today, TeraWulf has 12 employees. |
| Who is the CEO of TeraWulf? | TeraWulf's CEO is Mr. Paul B. Prager. |
| Is TeraWulf publicy listed? | Yes, TeraWulf is a public company listed on NAS. |
| What is the stock symbol of TeraWulf? | TeraWulf trades under WULF ticker. |
| When did TeraWulf go public? | TeraWulf went public in 2021. |
| Who are competitors of TeraWulf? | Similar companies to TeraWulf include e.g. Phoenix Group, Exodus Movement, Jasmine Technology Solution, Advanced Blockchain. |
| What is the current market cap of TeraWulf? | TeraWulf's current market cap is $5.7B |
| What is the current revenue of TeraWulf? | TeraWulf's last 12 months revenue is $192M. |
| What is the current revenue growth of TeraWulf? | TeraWulf revenue growth (NTM/LTM) is 99%. |
| What is the current EV/Revenue multiple of TeraWulf? | Current revenue multiple of TeraWulf is 31.9x. |
| Is TeraWulf profitable? | Yes, TeraWulf is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of TeraWulf? | TeraWulf's last 12 months EBITDA is $52.7M. |
| What is TeraWulf's EBITDA margin? | TeraWulf's last 12 months EBITDA margin is 27%. |
| What is the current EV/EBITDA multiple of TeraWulf? | Current EBITDA multiple of TeraWulf is 116.3x. |
| What is the current FCF of TeraWulf? | TeraWulf's last 12 months FCF is -$184M. |
| What is TeraWulf's FCF margin? | TeraWulf's last 12 months FCF margin is -96%. |
| What is the current EV/FCF multiple of TeraWulf? | Current FCF multiple of TeraWulf is -33.3x. |
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