TeraWulf’s Q4 Loss Widens to $0.28, Revenues Miss by 17.7%
TeraWulf posted a Q4 loss of $0.28 per share, missing the consensus loss estimate of $0.13 and widening from a $0.08 loss a year ago, marking a -110% earnings surprise. Q4 revenues were $35.8 million, 17.7% below forecasts, while shares have risen 56% year-to-date.
1. Q4 Earnings Miss
TeraWulf reported an adjusted net loss of $0.28 per share for the quarter ended December 2025, compared to a $0.08 loss in the prior year and missing the consensus loss estimate of $0.13 by 110%. This marks the fourth consecutive quarter the company has failed to surpass EPS forecasts.
2. Revenue Shortfall Trends
The company recorded Q4 revenues of $35.84 million, up slightly from $34.99 million a year earlier but 17.7% below analyst projections. TeraWulf has topped revenue estimates only once in the past four quarters, highlighting persistent top-line challenges.
3. Stock Performance and Analyst Outlook
Despite the earnings and revenue misses, TeraWulf shares have climbed 56% since January, outperforming the S&P 500’s 1.5% gain. Investors will be watching management’s commentary on the upcoming earnings call and revisions to consensus forecasts of a -$0.18 EPS loss on $51.82 million revenue for next quarter.