Technology
Price
$21.18
-10.18%Market Cap
$13.88B
Day High
$23.53
Day Low
$20.60
WULF reported a dramatic deterioration in Q1 FY2026, with net loss widening to -$427.6M (vs. -$61.4M prior year) and negative stockholders' equity of -$78.8M, driven by massive balance sheet expansion and surging liabilities, even as gross margin improved sharply to 60.1%.
Key risk: Negative Stockholders' Equity and Insolvency Risk
WULF's stockholders' equity turned deeply negative at -$78.8M in Q1 FY2026, compared to positive $170.4M a year ago. With total liabilities of $7.09B exceeding total assets of $7.01B, the company is technically insolvent on a book-value basis, raising serious concerns about financial sustainability.