The Motley Fool·14h ago
TeraWulf: 3 Key Takeaways for Long-Term InvestorsHigh-performance computing lease revenue reached $63 million in the third quarter. TeraWulf secured Google credit support for its $19 billion Anthropic lease.
TeraWulf's aggressive asset expansion to $8.0B by 2026Q2 has been funded by liabilities, driving equity negative in 2026Q1 and a 0.03 equity-to-assets ratio.
Price trend, volume and key moving averages
Start with the evidence for owning the stock and the risks that can break the thesis.
Revenue reached $44.8M in 2026Q2 but net income plunged to -$939.9M, with persistent negative NIM (-0.3%) and efficiency ratio volatility (2.5% to 190.9%) indicating unstable operating leverage.
TeraWulf recently converted its preferred stock into common stock, simplifying its capital structure. This, combined with insider buying by a director, signals internal confidence and may improve the company's equity story as it seeks partners and capital.
The company's pivot towards high-performance computing (HPC) and artificial intelligence (AI) data center hosting is seen as a significant growth opportunity. A 25-year, $9.5 billion contract with Fluidstack HPC frames both the upside potential and funding risk of TeraWulf's expansion.
The company's hydro-powered facility provides a competitive edge in energy costs and sustainability, which are crucial for modern data center operations.
Trailing total returns as of 11/8/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Check whether operating performance supports the current valuation.
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q4 2026Latest Nov 6, 2026 | -$0.03+83.5% vs -$0.18 | $76M+22.0% vs $62M |
Q3 2026 Aug 5, 2026 | -$1.94-696.2% vs -$0.24 | $45M-2.7% vs $46M |
Q2 2026 May 8, 2026 | -$1.01-429.0% vs -$0.19 | $34M-2.0% vs $35M |
Q1 2026 Feb 26, 2026 | -$0.28-115.4% vs -$0.13 | $36M-19.4% vs $45M |
High-performance computing lease revenue reached $63 million in the third quarter. TeraWulf secured Google credit support for its $19 billion Anthropic lease.
Today, Nov. 6, 2026, investors are weighing whether customer prepayments and contract wins can sustain the AI cloud momentum.
TeraWulf NASDAQ: WULF reported higher third-quarter revenue as high-performance computing leases expanded, while executives outlined financing and construction plans for its data center projects in New York and Kentucky.
TeraWulf Inc. (WULF) Q3 2026 Earnings Call Transcript
Benchmark WULF against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for TeraWulf Inc. (WULF)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $11.37 | $5.63B | -6.85 | -26.65% | -29716.17% | -213.54% | — | |
| $6.35 | $2.42B | -0.70 | 33.47% | -453.74% | -108.46% | — | |
| $16.71 | $6.32B | -4.41 | 66.36% | -215.82% | -59.47% | — | |
| $6.16 | $1.58B | -1.66 | 102.21% | -146.9% | -75.24% | 0.55% | |
| $6.55 | $2.68B | -2.66 | 25.29% | — | -155.51% | — | |
| $21.64 | $7.72B | -6.39 | 32.2% | -236.17% | -37.31% | — |
TeraWulf Inc. (WULF) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
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TeraWulf Inc. (WULF) SEC filings — annual & quarterly reports (10-K, 10-Q)
Aug 5, 2026·SEC
Jul 6, 2026·SEC
Jun 10, 2026·SEC
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TeraWulf Inc. (WULF) stock FAQ — growth, dividends, profitability & financials explained
TeraWulf Inc. (WULF) revenue fell by 96.6% over the trailing twelve months, compared with the twelve months before.
No. TeraWulf Inc. (WULF) reported a net loss of $1.49B over the trailing twelve months.
TeraWulf Inc. (WULF) had a return on equity (ROE) of -213.5% over the trailing twelve months. A negative ROE means the company lost money over the period.
TeraWulf Inc. (WULF) has a net interest margin (NIM) of -1.2%. NIM has been under pressure due to interest rate environment.
TeraWulf Inc. (WULF) has an efficiency ratio of 290.3%. This is higher than peers, suggesting room for cost optimization.
