WULF

🏦 Financial Services

TeraWulf Inc.

Conservative #1408Aggressive #111Moderate RiskModerate 67

$17.92+2.05%

Day High$18.51

Day Low$17.64

Volume39.8M

Mkt Cap$7.5B

52W Low $252W High $19

Market Cap

$6.3B

P/E Ratio

N/A

Rev Growth

102.3%

Sector avg: 13.4%

Earnings Growth

1.4%

Profit Margin

-336.5%

Sector avg: -2.8%

Debt/Equity

4.39

Why This Score

WULF scores 6.6 on the Conservative profile, blending a fundamental score (80% weight, emphasizing quality and stability (84% of fundamental weight)) with a machine-learning signal (20% weight) trained on 82 features across 30 years of data.

Strengths

ML model assigns a high-conviction signal (91/100), indicating strong pattern recognition across 82 features.

Risk Factors

Momentum reversion risk: Extreme momentum (288%) increases mean-reversion probability. 5-point penalty applied.
Procyclicality: Late-cycle macro signals reduce confidence in extreme-momentum names. 2-point additional penalty.
Signal divergence: Fundamental and ML signals disagree by a significant margin, reducing confidence.
Above-average volatility (28.8%) may not suit conservative risk tolerance.
Elevated leverage (D/E 4.39) increases financial risk in a rising-rate environment.

Net penalties of -33.8 points significantly impact the ranking. Without these adjustments, WULF would rank considerably higher.

Score Breakdown

Overall Score6.6

Fundamental Score25.5

ML Score91.0

Score by Horizon

3 Month

11.4

6 Month

12.8

Primary

1 Year

13.4

Quality Assessment

Earnings Grade

Weak fundamentals or significant quality concerns

Quality Flags

Extreme leverage: D/E ratio of 4.4x — balance sheet risk

Speculative Classification

Crypto/BTC mining company — earnings are macro-trade dependent, not fundamental. Better suited as a tactical position sized around BTC conviction.

Speculative growth — negative margins and ROE with momentum-driven price action. High risk of mean reversion.

Conservative score reduced by 18 points.

Position Sizing

Suggested Allocation

2.8%

Confidence

high

Score Composition Waterfall

How each component affects the final score

Backtested Scoring Levers (IC-calibrated from 30y ElasticNet)

Weinstein (12.1%)

100

Advancing

Sentiment (2.5%)

Positive

Analyst (6.4%)

Favorable

Tradability (post-hoc)

Grade A

Base

13.6

SHAP

+1.2

Factors

-0.6

Divergence

-7.6

Final

6.6

Positive adjustment

Negative adjustment

Base blend

Final score

Signal SegmentsComputed from ML features

Fundamental (Valuation, Quality, Growth)42.0

Technical (Momentum, Weinstein, Volatility)78.0

External (Sentiment, Analyst, Macro)90.0

Scores below 50 indicate weakness in that segment relative to the universe.

Data Quality

Score

Features

Confidence

Feature Coverage89%

Growth Estimates

Short-term

-14.9% to -8.9%

Medium-term

-20.1% to -11.5%

Long-term

-25.4% to -14.1%

ML Model Core Features100 trained inputs → ML Score: 91

These features are direct inputs to the machine learning model. The model was trained on these signals alongside 100 features (including 12 momentum/technical indicators) to produce the ML percentile score.

Analyst Intelligence

Consensus Score75.0/100

Target Upside+46.5%

Coverage11 analysts

Market Sentiment

Sentiment Score84.9/100

News Volume1 articles

Technical Stage

Weinstein Stage2 — Advancing

12M Momentum+2.9%

6M Momentum+0.7%

Volatility+0.3%

Momentum & Technical

Momentum Acceleration+216.0%

Momentum ConsistencyWeak (0.25)

Relative Strength vs Sector+279.2%

Trend Strength (ADX Proxy)Strong (5.0)

Momentum Quality+2.134

Momentum BreadthBroad ✓

Macro Regime

Bull RegimeYes

High Vol RegimeNo

S&P 500 Return+25.0%

Yield Curve-0.1bp

Sector-Relative AnalysisIn-model features

Value Trap Signal

Low risk

Sector RevGr Rank

P99

Revenue growth vs Financial Services peers

Sector PE Rank

P92

Valuation vs Financial Services peers

Sector FCF Rank

Free cash flow vs Financial Services peers

Growth Deviation

+1.5σ

Z-score vs sector median

Stagnation Flag

Not flagged

Analysis Signals

Scoring Factors

Fundamental score of 24 relative to sector peers24/100

Machine learning model ranks this stock at the 28th percentileP28

ML model weight reduced to 9% due to macro conditions: market in extended rally phase; yield curve inverted (recession indicator); late-cycle economic indicators detected9% ML weight

SHAP feature alignment: +1.2pt (features align with model priorities)—

Blend: 91% fund (23.85) + 9% ML (27.1) + SHAP(+1.2) = 25.3—

Factor quality: -0.6pt (multi-factor composite)—

Risk assessment: moderate. Annualized volatility 28.8%. Max drawdown 26% (-7.2 pts)Moderate

Momentum mean-reversion: -6.0pt (288% 12m momentum)—

Market cap adjustment: +0.5 points ($6.3B market cap)+0.5 pts

Risk Factors

Earnings quality grade D: weak earnings quality, multiple concerns. Score adjusted by -30 pointsGrade D

Quality concern: Non-operating loss: operating margin (-90.3%) exceeds net margin (-336.5%) by 246pp — possible write-down; High accrual ratio (86.2%) — earnings quality concern; Extreme leverage: D/E ratio of 4.4x — balance sheet riskFlag

Sector Peer Comparison(Financial Services — Rank #337 of 356 stocks)

Stock	Score	P/E	Rev Growth	Margin	Mkt Cap
WULFTeraWulf Inc.	6.6	N/A	102.3%	-336.5%	$6.3B
CMECME Group Inc.	84.9	27.2	9.9%	57.5%	$109.0B
CINFCincinnati Financial Corporation	82.3	10.7	11.4%	18.9%	$25.4B
ACTEnact Holdings, Inc.	82.0	8.9	2.4%	54.6%	$6.0B
SEICSEI Investments Company	80.9	14.0	10.7%	27.3%	$9.6B
TROWT. Rowe Price Group, Inc.	79.3	10.1	3.1%	28.5%	$20.5B
FHBFirst Hawaiian, Inc.	78.3	11.8	3.2%	24.2%	$3.3B
MCHBMechanics Bank	77.7	0.0	123.7%	23.2%	$3.4B
TRMKTrustmark Corporation	75.6	11.9	34.8%	19.3%	$2.7B
BCALSouthern California Bancorp	74.3	9.9	26.2%	27.1%	$613M
NMIHNMI Holdings, Inc.	73.9	7.7	8.4%	55.1%	$3.0B
FFINFirst Financial Bankshares, Inc.	73.2	18.8	11.7%	30.7%	$4.8B
TWTradeweb Markets Inc.	73.1	30.0	18.9%	39.6%	$24.8B
VCTRVictory Capital Holdings, Inc.	73.1	18.3	8.8%	32.3%	$4.9B
VLYValley National Bancorp	72.4	12.5	-2.2%	17.1%	$7.5B
QQQXNuveen Nasdaq 100 Dynamic Overwrite Fund	72.3	10.4	48.6%	257.3%	$1.4B
Sector Average	45.8	49.4	13.4%	-2.8%	—

Market Sentimentvia FMP

Analyst Consensus

Buy11 analysts

Buy: 11

Price Target

$23consensus

Low $17Median $21High $37

+25.6% to consensus target

Company Overviewvia FMP

TeraWulf Inc., together with its subsidiaries, operates as a digital asset technology company in the United States. It develops, owns, and operates bitcoin mining facility sites. The company operates two bitcoin mining facility sites located in New York and Pennsylvania. TeraWulf Inc. is based in Easton, Maryland.

CEO

Paul Prager

Employees

Beta

4.34

Industry

Financial - Capital Markets

FMP-Identified Peers

CIFR HUT MC MKTX PFSI PIPR RIOT RJF SNEX VIRT

Technical Picturecomputed from daily prices

RSI (14)

66.7

Neutral

Trend

Bullish

10-day vs 50-day MA

From 52W High

-3.2%

High: $18.51

From 52W Low

+769.9%

Low: $2.06

Moving Averages

10-Day

$16.10

Above

20-Day

$15.30

Above

50-Day

$13.90

Above

200-Day

$10.10

Above

60-Day Support

$11.13

60-Day Resistance

$18.51

Weinstein Stage Analysisbased on 200-day SMA framework

Stage 2 — AdvancingScore: 90/100

Stock is in an uptrend above the 200-day moving average. This is the stage where institutional accumulation typically occurs. The 50-day SMA provides support.

Favorable technical position; 50-day SMA acts as support

Price vs 200 SMA

+77.4%

200 SMA Slope (60d)

+47.73%

Rising

Volume Ratio

1.11x

10d avg vs 50d avg

Days in Stage

100

Confidence: 90%

Financial Statementslast 4 quarters via FMP

Metric	Q3 2025	Q2 2025	Q1 2025	Q4 2024
Revenue	$51M	$48M	$34M	$35M
Gross Profit	$33M	$26M	$10M	$15M
Operating Income	$-25M	$-16M	$-60M	$-51M
Net Income	$-455M	$-18M	$-61M	$-29M
EPS (Diluted)	$-1.13	$-0.05	$-0.16	$-0.07
Gross Margin	66.1%	53.6%	28.6%	43.9%
Operating Margin	-48.8%	-32.7%	-173.3%	-147.0%
Net Margin	-899.7%	-38.6%	-178.5%	-83.5%

Why This Stock

Financial ServicesRevenue growth 102.3%

Tradability FilterGrade A — 88/100Score impact: -50.1pt

Volume

100

32.6M avg/day

Dollar Vol

100

$512M/day

Float

0K shares

Mkt Cap

$6.3B

Range

100

759% spread

Composite Liquidity Score88/100

FDCBA

Multi-Year Range Analysis

Sideways: 0/100

Year	Low	High	Range	Status
2021	$8.65	$43.98	134.3%	Wide
2022	$0.55	$16.80	187.3%	Wide
2023	$0.54	$4.04	152.8%	Wide
2024	$1.24	$9.30	152.9%	Wide
2025	$2.06	$17.05	156.9%	Wide

3-Year Range

187.7%

Narrow Years

0 / 5

Sideways Penalty

None

Free Float

0.0%

Outstanding Shares

Bid-Ask Spread

759.0%

Institutional Tradable

Yes

Scores are generated by a multi-stage ML pipeline combining fundamental analysis, ensemble predictions, and structural risk signals. All data is for research purposes only and does not constitute financial advice. Past performance does not guarantee future results.