$16.23
Up 9.51% · live quote Sep 3, 2026
Market cap
$8.10B
Market cap $8.10B
Operating performance
Revenue, profitability, and free cash flow are shown together so you can see scale, margin conversion, and cash generation on one screen.
Annualised change across the filed history.
Revenue CAGR 5Y
65.8%
Filing-backed read on scale, margins, and cash flow.
Valuation snapshot
A target is published only when both the filing-backed DCF and the peer fair value clear the confidence gate.
Current price
$16.23
Market cap $8.1B
Fair value estimate
Withheld
Filing-backed DCF failed the confidence gate.
Implied upside
—
DCF: Latest annual free cash flow must be positive to qualify the filing-backed baseline.
Current vs fair value range
$4.71 – $17.46
Peer
Current
$16.23
Confidence gate detail
Filing-backed DCF failed the confidence gate.
DCF: Latest annual free cash flow must be positive to qualify the filing-backed baseline.
Policy
Filing-Backed v2
Basis
Normalized free cash flow (FCFF)
Shares
Diluted shares
Bridge
Net debt + securities
Market context
Live quote snapshot · Sep 03, 2026
Current price stacked against the same public-equity anchors shown in the confidence-gated hero.
How to read this
Capital structure
The overview keeps the capital structure bridge close to the cash-generation picture so fair value can be read in equity terms.
FY 2025 · filed Feb 27, 2026
Cash & Securities
$3.3B
Total Debt
$3.1B
Net Cash
$121.5M
Equity
$140.4M
Tangible Equity
$85M
Net cash increases equity value relative to firm value before the per-share target is calculated.
Latest annual cash generation after capital spending.
Operating Cash Flow
$-123.2M
Capital Expenditures
$-1.1B
Free Cash Flow
$-1.2B
CFO Margin
-73.1%
FCF Margin
-702.5%
CFO / Net Income
0.19x
FCF / Net Income
1.79x
Quality and risk
Altman, Piotroski, liquidity, and leverage sit together so the valuation read can be judged against balance-sheet reality.
Distress risk from the latest annual balance sheet.
Nine filing-backed checks on profitability, leverage, and efficiency.
Peer context
The overview keeps peer evidence concise here and sends detailed bridging to the relative-valuation tab.
Peer fair value
Per-share fair value from the weighted peer set.
Average P/E
Price to earnings across covered peers.
Average P/S
Price to sales across covered peers.
Average EV/EBITDA
Enterprise multiple across covered peers.
2 peers across 2 active peer methods
Intrinsic context
The overview surfaces the baseline intrinsic read and the reverse-DCF question, then sends the deeper workbench to the intrinsic tab.
Latest annual free cash flow must be positive to qualify the filing-backed baseline.
Company profile
Identifiers, classification, and listing detail behind every figure on this page.
warning
Current Ratio
2.00x
Debt / Equity
22.39x
MARA Holdings, Inc.
MARA · CIK 0001507605
$11.60
$4.5B
—
—
Cap $4.5BP/E —EV/EBITDA —
Whole business — TERAWULF INC. (WULF) market cap plus debt, less cash.
$8B
EV / diluted share $15.98
Market cap
$8B
Total debt
$3B
Cash
$3B
Mix
56% equity
Net cash lowers enterprise value below market cap, so EV is not directly comparable to the stock price. Short + long term debt.
