STOCK Act, US House only, disclosed up to 45 days after the trade
Funds added, last quarter
306
13F, latest reported quarter
Conversions, 180 days
19
Codes C/M, not in net · no price filed
What the filings say about WULF
Insiders, 180 days
-$17.2M net sold
1 buyer · 3 sellers · 14% of sales under a 10b5-1 plan
Planned sales (Form 144), 90 days
$55.3M
3 notices
Terawulf insider trades (Form 4)
Form 4 buys and sells (codes P and S). Grants, option exercises
and conversions excluded.
Over the last 180 days, TERAWULF INC. insiders sold a net $17.2M of stock across 54 Form 4 purchases and sales, with 1 insider buying. Source: SEC Form 4 filings, as of 2026-10-28.
13 earlier Form 4 trades (code P or S) here by this insider (13 buys), the last on Aug 17, 2026.
+75.6% median (+65.5% mean) 90-day return after 11 previous buys.
The trade is 1.7% of the 350,789 shares held after it.
No other insider bought within 30 days.
306 funds added in the 13F quarter to Jun 30, 2026.
Insider activity: Director Bucella Michael C. bought about $90.0K of WULF on Sep 15, 2026, the largest insider purchase at the company since 2023; 306 funds added in the latest 13F quarter.
2 earlier Form 4 trades (code P or S) here by this insider (2 sales), the last on Sep 19, 2025.
The trade is 36.6% of the 153,218 shares held after it.
2 other insiders sold within 30 days.
306 funds added in the 13F quarter to Jun 30, 2026.
Insider activity: Director Motz Catherine J. sold about $997.9K of WULF on Sep 8, 2026; 2 other insiders sold within 30 days and 306 funds added in the latest 13F quarter.
2 earlier Form 4 trades (code P or S) here by this insider (2 buys), the last on Jun 30, 2022.
-6.0% median (-6.0% mean) 90-day return after 2 previous buys.
The trade is 57.0% of the 229,090 shares held after it.
2 other insiders sold within 30 days.
306 funds added in the 13F quarter to Jun 30, 2026.
Insider activity: Director Carter Walter E. sold about $2.0M of WULF on Aug 31, 2026; 2 other insiders sold within 30 days and 306 funds added in the latest 13F quarter.
24 earlier Form 4 trades (code P or S) here by this insider (13 buys, 11 sales), the last on Jun 29, 2026.
-47.7% median (-35.9% mean) 90-day return after 9 previous buys.
The trade is 3.6% of the 3,807,552 shares held after it.
2 other insiders sold within 30 days.
306 funds added in the 13F quarter to Jun 30, 2026.
Insider activity: Chief Executive Officer Prager Paul B. sold about $2.3M of WULF under a 10b5-1 plan on Aug 27, 2026; 2 other insiders sold within 30 days and 306 funds added in the latest 13F quarter.
Nobody has filed for crossing 5%. That is a fact, not missing data.
WULF planned insider sales (Form 144)
Notice of intent to sell, filed before any sale
Prager Paul B.
Filed 2026-09-22
$52.4M
Motz Catherine J.
Filed 2026-09-08
$996.1K
Carter, Walter E.
Filed 2026-09-01
$2.0M
Beowulf E&D Holdings Inc.
Filed 2026-06-29
$7.1M
WULF mutual fund holders (N-PORT)
Funds ranked by the share of their own portfolio in this stock (N-PORT).
Onchain Economy ETF
$4.7M position · as of 2026-06-30
6.5%
Hodges Fund
$17.3M position · as of 2026-06-30
5.9%
Hodges Small Cap Fund
$11.1M position · as of 2026-06-30
5.4%
VanEck Digital Transformation ETF
$16.7M position · as of 2026-06-30
4.8%
Bitwise Crypto Industry Innovators ETF
$19.8M position · as of 2026-06-30
4.8%
Spear Alpha ETF
$13.8M position · as of 2026-06-30
4.7%
SEC N-PORT, monthly, about 60 days late · funds ≥ $10M ·
% is the share of the fund's own portfolio
Executive pay vs shareholder return · Paul Prager
CEO pay, headline and as actually paid, against the company's
return and its chosen peers' (DEF 14A).
FY
CEO total
Actually paid
Other execs, avg
TSR
Peer TSR
2025
$39.4M
$60.3M
$14.4M
+15%
n/a
2024
$6.9M
$13.4M
$6.6M
-43%
n/a
2023
$2.4M
$2.4M
$1.5M
-76%
n/a
2022
$2.4M
$2.4M
$2.4M
-93%
n/a
Tagged by the company under SEC Item 402(v). Returns are
cumulative from the start of the disclosure period. Green where the company beat its own peer group.
Live price
Daily candles from TradingView, under their licence. No filings marked.
Why this name is on the desk
Insiders have filed to sell, before selling.
The record shows a net $17.2M sold by insiders over 180 days, 306 funds added last quarter, $55.3M in planned Form 144 sales. Each figure is a federal filing, dated the day it went public.
Ratios from the company's XBRL filings, latest filings
Revenue, TTM
$165.2M
four quarters, 2025-07-01 to 2026-06-30
Revenue, TTM WULF
FY Dec 2025
$168.5M
FY Dec 2024
$140.1M
FY Dec 2023
$69.2M
FY Dec 2022
$15.0M
FY Dec 2021
$16.3M
Jun 2026
$44.8M
Mar 2026
$34.0M
Dec 2025
$35.8M
Sep 2025
$50.6M
Jun 2025
$47.6M
Mar 2025
$34.4M
Dec 2024
$35.0M
Sep 2024
$27.1M
At each fiscal year end
Single quarter
Net margin, TTM
-1,180%
net income over revenue, 2025-07-01 to 2026-06-30
Net margin, TTM WULF
FY Dec 2025
-392.6%
FY Dec 2024
-51.7%
FY Dec 2023
-106.1%
FY Dec 2022
-603.9%
FY Dec 2021
n/a
Jun 2026
-2,100%
Mar 2026
-1,257%
Dec 2025
-353.2%
Sep 2025
-899.7%
Jun 2025
-38.6%
Mar 2025
-178.5%
Dec 2024
-83.5%
Sep 2024
-84.0%
At each fiscal year end
Single quarter
Free cash flow, TTM
-$2.5B
operating cash flow minus capex, 2025-07-01 to 2026-06-30
Free cash flow, TTM WULF
FY Dec 2025
-$1.2B
FY Dec 2024
-$292.4M
FY Dec 2023
-$70.9M
FY Dec 2022
-$95.2M
FY Dec 2021
n/a
Jun 2026
-$992.3M
Mar 2026
-$540.5M
Dec 2025
-$703.2M
Sep 2025
-$268.3M
Jun 2025
-$174.8M
Mar 2025
-$37.2M
Dec 2024
-$196.4M
Sep 2024
-$41.7M
At each fiscal year end
Single quarter
Debt to equity
21.07x
long-term 2026-03-31 plus current 2026-03-31; equity 2026-06-30
Debt to equity WULF
FY Dec 2025
22.06x
FY Dec 2024
0.00x
FY Dec 2023
0.56x
FY Dec 2022
1.06x
FY Dec 2021
0.03x
Jun 2026
21.07x
Mar 2026
n/a
Dec 2025
22.06x
Sep 2025
4.29x
Jun 2025
2.80x
Mar 2025
2.86x
Dec 2024
0.00x
Sep 2024
0.00x
At each fiscal year end
Trailing four quarters at each quarter end
Cash flow to debt
-0.09x
TTM operating cash flow over long-term 2026-03-31 plus current 2026-03-31
Cash flow to debt WULF
FY Dec 2025
-0.04x
FY Dec 2024
n/a
FY Dec 2023
0.03x
FY Dec 2022
-0.27x
FY Dec 2021
-37.74x
Jun 2026
-0.09x
Mar 2026
-0.06x
Dec 2025
-0.04x
Sep 2025
-0.07x
Jun 2025
-0.13x
Mar 2025
0.02x
Dec 2024
n/a
Sep 2024
n/a
At each fiscal year end
Trailing four quarters at each quarter end
Return on equity
-1,212%
TTM net income over average of 2025-06-30 and 2026-06-30
Return on equity WULF
FY Dec 2025
-343.7%
FY Dec 2024
-31.0%
FY Dec 2023
-43.2%
FY Dec 2022
-75.4%
FY Dec 2021
n/a
Jun 2026
-1,212%
Mar 2026
-2,244%
Dec 2025
-343.7%
Sep 2025
-182.0%
Jun 2025
-47.0%
Mar 2025
-56.1%
Dec 2024
-31.0%
Sep 2024
-20.4%
At each fiscal year end
Trailing four quarters at each quarter end
Return on assets
-43.7%
TTM net income over average of 2025-06-30 and 2026-06-30
Return on assets WULF
FY Dec 2025
-18.0%
FY Dec 2024
-12.4%
FY Dec 2023
-21.1%
FY Dec 2022
-31.2%
FY Dec 2021
n/a
Jun 2026
-43.7%
Mar 2026
-26.2%
Dec 2025
-18.0%
Sep 2025
-39.4%
Jun 2025
-19.5%
Mar 2025
-20.1%
Dec 2024
-12.4%
Sep 2024
-15.0%
At each fiscal year end
Trailing four quarters at each quarter end
Return on invested capital
n/a
pre-tax loss, no effective tax rate to apply
Return on invested capital WULF
FY Dec 2025
n/a
FY Dec 2024
n/a
FY Dec 2023
n/a
FY Dec 2022
n/a
FY Dec 2021
n/a
Jun 2026
n/a
Mar 2026
n/a
Dec 2025
n/a
Sep 2025
n/a
Jun 2025
n/a
Mar 2025
n/a
Dec 2024
n/a
Sep 2024
n/a
At each fiscal year end
Trailing four quarters at each quarter end
Return on capital employed
-16.5%
operating income (EBIT proxy) over average of 2025-06-30 and 2026-06-30 minus current liabilities
Return on capital employed WULF
FY Dec 2025
-6.7%
FY Dec 2024
-15.9%
FY Dec 2023
-14.2%
FY Dec 2022
-21.3%
FY Dec 2021
-400.0%
Jun 2026
-16.5%
Mar 2026
-10.8%
Dec 2025
-6.7%
Sep 2025
-14.3%
Jun 2025
-25.8%
Mar 2025
-26.9%
Dec 2024
-15.9%
Sep 2024
-10.2%
At each fiscal year end
Trailing four quarters at each quarter end
P/E, trailing
n/a
trailing loss, a multiple of a loss is not meaningful
P/E, trailing WULF
FY Dec 2025
n/a
FY Dec 2024
n/a
FY Dec 2023
n/a
FY Dec 2022
n/a
FY Dec 2021
n/a
Jun 2026
n/a
Mar 2026
n/a
Dec 2025
n/a
Sep 2025
n/a
Jun 2025
n/a
Mar 2025
n/a
Dec 2024
n/a
Sep 2024
n/a
At each fiscal year end
Trailing four quarters at each quarter end
Enterprise value
$6.8B
market value at close 2026-10-27 on 2026-07-31 shares, plus long-term 2026-03-31 plus current 2026-03-31, minus cash 2026-06-30
Enterprise value WULF
FY Dec 2025
$4.6B
FY Dec 2024
$1.9B
FY Dec 2023
$640.8M
FY Dec 2022
$209.6M
FY Dec 2021
-$13.1M
Jun 2026
$12.7B
Mar 2026
$6.6B
Dec 2025
$4.6B
Sep 2025
$4.8B
Jun 2025
$2.1B
Mar 2025
$1.3B
Dec 2024
$1.9B
Sep 2024
$1.8B
At each fiscal year end
Trailing four quarters at each quarter end
FCF yield
-39.6%
TTM free cash flow over market value at close 2026-10-27
FCF yield WULF
FY Dec 2025
-24.6%
FY Dec 2024
-13.4%
FY Dec 2023
-12.4%
FY Dec 2022
-110.7%
FY Dec 2021
n/a
Jun 2026
-20.5%
Mar 2026
-27.6%
Dec 2025
-24.6%
Sep 2025
-15.1%
Jun 2025
-26.7%
Mar 2025
-29.2%
Dec 2024
-13.4%
Sep 2024
-6.6%
At each fiscal year end
Trailing four quarters at each quarter end
PEG, trailing
n/a
trailing loss, a multiple of a loss is not meaningful
PEG, trailing WULF
FY Dec 2025
n/a
FY Dec 2024
n/a
FY Dec 2023
n/a
FY Dec 2022
n/a
FY Dec 2021
n/a
Jun 2026
n/a
Mar 2026
n/a
Dec 2025
n/a
Sep 2025
n/a
Jun 2025
n/a
Mar 2025
n/a
Dec 2024
n/a
Sep 2024
n/a
At each fiscal year end
Trailing four quarters at each quarter end
Price as of 2026-10-27. Hover or tap a tile for its yearly and quarterly history.Method
TTM is four consecutive fiscal quarters; Q4 is the year minus nine months when not filed. Returns use the average of opening and closing balances. EBIT is approximated by operating income. PEG uses trailing EPS growth.
Fundamentals
Annual figures from XBRL filings. Pick a past date to see them as known then.
WULF ranks highest on institutional and government (88th percentile) and growth (47th), and lowest on financial health (19th), among Financial Services peers.
Profitability
22
Inputs
Return on equity-1212% · 1 pct, sector of 205
Return on assets-43.7% · 25 pct, sector of 266
Return on invested capitalpre-tax loss, no effective tax rate to apply
Return on capital employed-16.5% · 41 pct, sector of 88
Financial health
19
Inputs
Debt to equity21.07x · 1 pct, sector of 181
Cash flow to debt-0.09x · 38 pct, sector of 141
Growth
47
Inputs
Revenue growth, YoY+8.2% · 47 pct, sector of 245
Backlog growth, YoYno backlog line filed, or no year-earlier backlog
Insider conviction
36
Inputs
Net Form 4 buying (codes P and S), 180d-$14.8M · 14 pct, sector of 161
Insider buyers, 180d1 · 57 pct, sector of 165
Institutional and government
88
Inputs
Funds adding, latest quarter306 · 88 pct, sector of 278
Congress net buyers, 365dno Congress trades in 365 days
Federal contracts, 180dno federal contracts in 180 days
Lobbying spend, 4 quartersno lobbying filings in the last four quarters
Risk and compliance
23
Inputs
Short interest, % of float+31.1% · 2 pct, sector of 390
Recalls per $1B revenue, 3ynot measured for this sector, almost no peer has an event
EPA cases per $1B revenue, 5ynot measured for this sector, almost no peer has an event
New text in Risk Factors, latest 10-K+14.1% · 44 pct, sector of 175
1 not measured: US patents
US patents needs 1 of 2 inputs, 0 present: patent data not loaded yet
6 of 7 axes scored. Each is a percentile against sector peers (all companies when the sector is thin); higher is better. An unscored axis is unmeasured, not low. How it is scored
WULF filings, in plain words
Are Terawulf insiders buying or selling WULF?
In the 180 days to 2026-10-28, Terawulf insiders were net sellers, a net $17.2M: $189.9K of purchases and $17.4M of sales reported on Form 4, by 1 buyer and 3 sellers.
Are there planned insider sales of WULF?
Yes. 3 Form 144 notices of planned insider sales were filed in the 90 days to 2026-10-28, covering $55.3M of stock; the latest, by Prager Paul B., was filed 2026-09-22.
Read the full summary
In the 180 days to 2026-10-28, Terawulf insiders were net sellers of WULF, a net $17.2M across purchases and sales reported on Form 4 by 1 buyer and 3 sellers. Sales outweighed purchases more than tenfold by value. 14% of the 7 insider sales were made under a Rule 10b5-1 plan; the rest were not flagged as planned. Insiders filed 3 Form 144 notices of intent to sell in the 90 days to 2026-10-28, covering $55.3M of stock. Each figure is counted from SEC and House filings as of 2026-10-28, dated the day the filing was made public.
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