Reading WULF? Track it free: the weekly brief, plus an alert if the thesis breaks. No credit card.
Track WULF free→Reading WULF? Track it free: the weekly brief, plus an alert if the thesis breaks. No credit card.
Track WULF free→
NASDAQFinancialsCapital MarketsSnapshot 2026-06-16
Recent financial performance sits well below its industry cohort — worth keeping an eye on, though it has not freshly broken.
Recent financial performance is weak. Earnings quality cannot be assessed because the company was unprofitable over the past year. Management's recent track record has been unsteady, with frequent changes. Risk is elevated, and the sector backdrop is a headwind. Compared with sector peers, WULF is below typical. This read is provisional.
Daily closes. Earnings/event dots are placed inline.
A consensus fair price across 0 valuation methods, at three horizons. Current price $28.17. Estimates are diagnostics, not price targets. Short-horizon estimates are close to coin-flips, so confidence is a method-agreement read, not a prediction.
No-growth: today's peer multiple on trailing earnings. The headline read.
Embeds projected growth. Leans optimistic by design. Upside context.
One valuation read at a 12-month horizon, plus how price compares to peers and the company's own history.
Not enough valuation methods to set a 12-month read yet.
TTM earnings are negative, so the read leans on sales- and cash-flow-based methods rather than P/E. This is a data condition, not a forward call.
Looks more expensive than peers.
Self-history needs ~20 months of data.
Each factor is a parallel diagnostic with a clear read of what it shows and how names like it have historically fared. Never aggregated into a single score.
Operating income rose in 0 of the last 3 quarter-over-quarter moves. Historically, Financials names rated weak grew net income 56% of the time over the next year (vs 59% for the rest of the cohort, n=3730).
Over the trailing year it converted 0.19x of net income into operating cash flow.
Most sensitive to the broad stock market.
Not enough signal to read sensitivity to the US dollar, long-term interest rates, Fed net liquidity, real (inflation-adjusted) rates.
26 material management or governance events in the past 24 months, led by capital-allocation actions. Historically, Financials names rated volatile grew net income 54% of the time over the next year (vs 57% for the rest of the cohort, n=3774).
The next print and the backdrop around it (sector regime and the AI cycle). Context for the path, not a forecast of returns.
EPS estimate $-0.26 → $-0.19 (+26.2% / 30d). 0 raised, 2 cut, 5 covering analysts.
0 upgrades, 0 downgrades / 30d, 2 maintained. 100% of analysts rate Buy.
4 PT revisions / 30d. Avg target 91.3% above current price.
1 positive, 0 negative / 30d. See F4 management tile for the event list.
How management runs the business: capital, margins, balance sheet, and how reliably they guide and deliver.
A guidance track record builds as the company issues and delivers on guidance.
What a normal day, a bad day, and the worst of the last year would mean for a $10,000 position.
On a typical day, $10k can swing ±$368.
How much price usually moves either way.
On a bad day, this stock has moved -$872.
A rough but not unusual down day (about the 95th percentile).
In the worst 12 months, $10k could have lost $3,174.
Deepest peak-to-trough drop in the last year.
Past results, not a forecast. Not investment advice.
The most important moves since the prior daily snapshot.
No material changes since the prior snapshot.
as of 2026-06-16
Specific, dated things to watch for, each with what would confirm it and what would prove it wrong.
Why it matters: If revenue growth drops below its median, it could signal a slowdown for Terawulf.
Confirms:Sector revenue growth reported below its median rate.
Disproves:Sector revenue growth remains above its median rate.
Recent news graded against this company's own objectives — whether it reinforces or challenges the thesis, and how confirmed it is.
No graded news catalysts for WULF yet.
Conditional scenarios: if X happens, the view would shift in this direction. These are not predictions.
Recent SEC 8-K filings ranked by likely impact, confidence, and recency.
Results of Operations and Financial Condition. On May 8, 2026, TeraWulf Inc. (“TeraWulf” or the “Company”) issued a press release (“Press Release”) announcing the Company’s results for the first quarter ended March 31, 2026. The Press Release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
Whether the overall read has been drifting up or down lately, and how it's changed since last week.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Long-thesis check; widest uncertainty.
TTM earnings are negative. P/E-based methods drop out and the estimate leans on sales- and cash-flow-based methods. A data condition, not a forward call.
Trailing four: 2025-Q1, 2025-Q2, 2025-Q3, 2026-Q1
A side-by-side read on sector standing, valuation, and risk versus Investment Banking & Brokerage.
| Stock | Sector standing | Valuation | Risk |
|---|---|---|---|
WULF Terawulf, Inc. | Below typical Show detailsSector percentile: 1 of 100 | — | elevated |
MS Morgan Stanley | Typical Show detailsSector percentile: 52 of 100 | full | moderate |
GS Goldman Sachs | Typical Show detailsSector percentile: 38 of 100 | full | moderate |
SCHW Charles Schwab Corporation | Above typical Show detailsSector percentile: 87 of 100 | fair | moderate |
IBKR Interactive Brokers | Typical Show detailsSector percentile: 65 of 100 | expensive | moderate |
Not investment advice. As of 2026-06-16.
via XLF
Tailwind = sector leading the S&P 500; headwind = trailing. Both can be constructive. Historically, headwind regimes have averaged stronger forward returns than tailwind.
Context label only: describes the market state (e.g. real bear vs narrative panic, healthy uptrend vs late-stage froth). It is not a per-ticker buy/sell signal and does not predict factor performance.
Not investment advice. As of 2026-06-16.
Priorities management has stated in recent disclosures, with status and evidence drawn from earnings calls, filings, and press releases.
Announced acquisition of Muskie Data Campus to support hyperscale AI and high-performance computing.
Newly stated in 2026-Q2. The acquisition of the Muskie Data Campus is aimed at expanding hyperscale AI and high-performance computing capabilities. This strategic move is expected to enhance growth, but financial impacts are yet to be realized.
“TeraWulf announced the acquisition of a hyperscale development site in Eastern Kentucky.”
Focus on a stable, contracted revenue model with HPC lease agreements at Lake Mariner.
Newly stated in 2026-Q1. HPC lease revenue contributed $21.0 million in the period, indicating initial success in stabilizing revenue through contracted models. However, overall revenue declined from $35.8M in 2025-Q4 to $34.0M in 2026-Q1, showing limited progress.
Entered into new credit agreements to manage financial obligations and support operations.
Newly stated in 2026-Q1. TeraWulf secured a $250 million credit facility to manage financial obligations. Despite this, the company reported a net income loss of $427.6M in 2026-Q1, indicating financial challenges persist.
Why it matters: The earnings report will give important updates on how the company is doing.
Confirms one read:A specific earnings date is announced. It comes with positive guidance.
Confirms the other:There is no announcement of an earnings date or negative guidance.
Why it matters: FOMC decisions can change interest rates. This affects market conditions for Terawulf.
Confirms one read:FOMC raises interest rates or signals a hawkish stance.
Confirms the other:FOMC lowers interest rates or signals a dovish stance.
Why it matters: Retail sales data can affect how the market feels and Terawulf's business.
Confirms one read:Retail sales increase year over year in the report.
Confirms the other:Retail sales decline year over year in the report.
Other Events. On May 26, 2026, TeraWulf Inc. (“TeraWulf” or the “Company”) issued a press release (the “Press Release”) announcing the entry into a Membership Interest Purchase Agreement (“MIPA”) with Industrial Equity Partners (“IEP”) for the acquisition of a strategically located hyperscale development site in Eastern Kentucky (the “Muskie Data Campus”). The site includes approximately 285 acres of owned and controlled land capable of supporting hyperscale AI and high-performance computing…
Results of Operations and Financial Condition. On April 14, 2026, TeraWulf Inc. (“TeraWulf” or the “Company”) issued a press release announcing its preliminary financial results for the first quarter ended March 31, 2026. A copy of the press release is attached hereto as Exhibit 99.1 and incorporated by reference. The information furnished in Item 2.02, including Exhibit 99.1, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Excha…
Entry into a Material Definitive Agreement. On April 14 , 2026, TeraWulf Inc. (“TeraWulf” or the “Company”) entered into an underwriting agreement (the “Underwriting Agreement”) with Morgan Stanley & Co. LLC, as representative of the several underwriters named therein (the “Underwriters”), pursuant to which the Company agreed to sell 47,400,000 shares of the Company’s common stock, par value $0.001 per share (“Common Stock”), at a public offering price of $ 19.00 per share (the “Offering”). I…
Other Events. On April 14, 2026, TeraWulf issued a press release announcing it has received allocations in respect of a senior secured revolving credit facility in an aggregate principal amount of $250 million, subject to finalizing documentation and other closing conditions. A copy of the press release is attached hereto as Exhibit 99.1 and incorporated by reference.
“The first quarter reflects a more stable, contracted revenue model with HPC lease revenue.”
“TeraWulf entered into a senior secured revolving credit facility of $250 million.”