DHI Group vs Terawulf
Terawulf is the larger business, with $168m of revenue in fiscal 2025 against $128m for DHI Group (1.3 times as much). Terawulf grew faster (20.3% against -9.9%). DHI Group kept more of each dollar of sales as profit: a net margin of -10.6% against -392.6%. DHI Group carries less debt relative to equity (31.7% against 2522.0%).
| Latest fiscal year | DHI GroupDHX, 2025 | TerawulfWULF, 2025 |
|---|---|---|
| Revenue | $128m | $168m |
| Revenue growth | -9.9% | 20.3% |
| Net income | −$13.5m | −$661m |
| Operating margin | -8.9% | -110.5% |
| Net margin | -10.6% | -392.6% |
| Return on equity | -12.9% | — |
| Free cash flow | $13.8m | −$1.18bn |
| Cash | $2.9m | $3.27bn |
| Total debt | $30.0m | $3.54bn |
| Debt to equity | 31.7% | 2522.0% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | $9.7m | $33.3m |
| Employees | 270 | 141 |
| Market value | $212m | $6.21bn |
| Price vs our value range | Above our value range | — |
| Moat score | 64 (Moderate) | 22 (Weak) |
| Insider trades, 12 months | 0 buys, 3 sales | 13 buys, 17 sales |