That's a wrap.
Market opens Friday, Nov 13 at 9:30 AM ET
| Nov 6, 2026 | Sep 30, 2026 | Time not given | −$0.14 | −$0.14 | +12.80% |
| May 18, 2026 | Mar 31, 2026 | Time not given | −$0.09 | not recorded | −4.39%2d |
WULF beat EPS estimates, but losses and weak operating metrics kept the thesis mixed
TeraWulf reported September-quarter EPS of -$0.14 versus -$0.37 estimated, a 62.85% beat. Shares rose 8.8% to $12.37 on 57.1 million shares, while operating margin of -211.1%, ROE of -140.6%, and debt-to-equity of 6.04 remained material risks.
Better case30%
The EPS beat and AI-infrastructure narrative support a recovery if earnings improvement continues and operating losses narrow.
Base case45%
The beat supports near-term sentiment, but weak profitability, leverage, and price below key moving averages keep the stock range-bound.
Worse case25%
The reported loss may remain insufficient to offset weak operating performance and leverage, renewing pressure after the relief rally.
Scenario odds are a judgement, not measured.