PerpEquitiesEquity
WULF perpetual futures
TeraWulf Inc. tracked across crypto venues with normalized contract specs.
Price chart
23.50▼ 4.25%
23.6023.8024.0024.2024.40
01:37 PM02:18 PM03:00 PM03:41 PM04:22 PM
24/7 perp mark · BingX (WULF-USDT)
Auto: market closed → highest-volume perp venue
Trading data
Perpetual market activity
Venues
1
Live markets
1/1
24h volume
$163k
Open interest
$318
Best liquidity
$67k
BingX
Tightest spread
+17.1 bps
BingX
Highest volume
$163k
BingX
Settlement mix
USDT · 1/1
Best Liquidity
WULFTightest Spread
WULFHighest Volume
WULFCompany data
Company fundamentals
Market cap
$12.2B
Updated 3h ago
Revenue
$168.1M
Trailing 12 months
Net income
$-1.0B
Trailing 12 months
Free cash flow
$-1.7B
Trailing 12 months
Profit margin
-611.5%
P/E
-9.8
P/S
72.8
Revenue estimate
$319.0M
Next fiscal year
Revenue growth
+89%
Next fiscal year
Fundamental detail
Annual + quarterlyLatest revenue$168.5M
Net margin-392.6%
Free cash flow$-1.2B
Net debt$1.9B
PeriodRevenueGrowthNet incomeFCF
2020$13.4M-24%$-439k$-564k
2021$0.0-100%$-95.7M$-133.2M
2022$15.0M-$-90.8M$-106.9M
2023$69.2M+361%$-73.4M$-70.9M
2024$140.1M+102%$-72.4M$-292.4M
2025$168.5M+20%$-661.4M$-1.2B
PeriodGross marginOperating marginNet marginROEROA
2020+29.1%-10.6%-3.3%-1.6%-1.5%
2021+0.0%+0.0%+0.0%-77.7%-36.1%
2022+26.3%-291.0%-603.9%-77.1%-28.6%
2023+60.5%-42.5%-106.1%-33.0%-19.4%
2024+55.3%-54.4%-51.7%-29.6%-9.2%
2025+50.9%-101.1%-392.6%-470.9%-10.1%
PeriodCashDebtNet debtCurrent ratio
2020$6.3M$95.7M$89.4M3.63
2021$46.5M$95.7M$49.3M1.48
2022$1.3M$129.3M$128.0M0.11
2023$54.4M$124.5M$70.0M0.40
2024$274.1M$491.2M$217.2M5.43
2025$3.3B$5.2B$1.9B2.00
PeriodMarket capEnterprise valueP/SP/E
2020$19.7M$109.1M1.5-45.3
2021$1.3B$1.3B0.0-13.4
2022$74.1M$202.2M4.9-0.8
2023$503.9M$573.9M7.3-6.9
2024$2.0B$2.2B14.2-27.0
2025$4.6B$6.5B27.1-6.9
PeriodRevenueGrowthNet incomeFCF
Q2 2024$35.6M+130%$-10.9M$-30.2M
Q3 2024$27.1M+38%$-22.7M$-41.7M
Q4 2024$35.0M+50%$-29.2M$-196.4M
Q1 2025$34.4M-19%$-61.4M$-37.2M
Q2 2025$47.6M+34%$-18.4M$-174.8M
Q3 2025$50.6M+87%$-455.1M$-268.3M
Q4 2025$35.8M+2%$-126.6M$-703.2M
Q1 2026$34.0M-1%$-427.6M$-540.5M
PeriodGross marginOperating marginNet marginROEROA
Q2 2024+60.9%-19.0%-30.6%-2.8%-2.3%
Q3 2024+45.8%-58.1%-84.0%-6.1%-5.6%
Q4 2024+43.9%-147.0%-83.5%-11.9%-3.7%
Q1 2025+28.6%-173.3%-178.5%-36.0%-7.3%
Q2 2025+53.6%-21.3%-38.6%-10.5%-2.1%
Q3 2025+66.1%-27.5%-899.7%-184.0%-18.5%
Q4 2025+47.3%-241.8%-353.2%-90.1%-1.9%
Q1 2026+93.1%-401.2%-1257.3%+542.9%-6.1%
PeriodCashDebtNet debtCurrent ratio
Q2 2024$104.1M$73.3M$-30.8M1.20
Q3 2024$23.9M$912k$-23.0M1.00
Q4 2024$274.1M$491.2M$217.2M5.43
Q1 2025$218.2M$491.8M$273.7M1.90
Q2 2025$90.0M$500.9M$410.9M0.66
Q3 2025$711.3M$1.1B$373.9M1.03
Q4 2025$3.3B$5.2B$1.9B2.00
Q1 2026$2.8B$5.3B$2.5B1.20
PeriodMarket capEnterprise valueP/SP/E
Q2 2024$1.8B$1.7B49.9-39.7
Q3 2024$1.8B$1.8B66.1-19.4
Q4 2024$2.2B$2.4B62.4-19.5
Q1 2025$1.0B$1.3B30.4-4.3
Q2 2025$1.7B$2.1B35.6-23.1
Q3 2025$4.6B$5.0B90.7-2.5
Q4 2025$4.6B$6.5B127.5-9.0
Q1 2026$6.1B$8.6B179.5-3.6
Refreshed 3h ago
Research data
Estimates, events and peers
Estimates
6 periodsFY 2026$319.0M+89%11 analysts
FY 2027$1.0B+501%11 analysts
FY 2028$1.6B+828%7 analysts
FY 2029$2.4B+1330%3 analysts
FY 2030$2.3B+1272%6 analysts
Q1 2028$395.8M+1064%3 analysts
Events
Earnings · dividends · splits2026-08-14EarningsRevenue est. $46.7M
2026-05-08EarningsRevenue est. $34.7M
2026-02-26EarningsRevenue est. $44.6M
2025-11-10EarningsRevenue est. $53.0M
2025-08-08EarningsRevenue est. $47.3M
2025-05-09EarningsRevenue est. $45.9M