Verisign vs TeraWulf
Verisign reported revenue of $1.7 billion in fiscal 2025, 9.8 times TeraWulf's $168 million in fiscal 2025. Verisign's revenue grew 6.4% in its latest year, and TeraWulf's grew 20.3%. Verisign had an operating margin of 67.7%, against -110.5% at TeraWulf. Free cash flow was $1.1 billion at Verisign and −$1.2 billion at TeraWulf.
Side by side
| Verisign | TeraWulf | |
|---|---|---|
| Latest fiscal year | FY2025, Dec 31, 2025 | FY2025, Dec 31, 2025 |
| Revenue | $1.7B | $168M |
| Revenue growth | 6.4% | 20.3% |
| Revenue growth a year, last 5 years | 5.5% | — |
| Gross margin | 88.2% | 39.2% |
| Operating margin | 67.7% | −110.5% |
| Net margin | 49.8% | −392.6% |
| Free cash flow | $1.1B | −$1.2B |
| Free cash flow margin | 64.5% | −702.5% |
| Return on capital | — | — |
| Net debt to EBITDA | 1.1x | — |
| Dividends and buybacks | $1.1B | $33M |
| Change in diluted share count | −4.5% | 13.2% |
| Last close | $308.72 | $11.98 |
| P/E at the last close | 33.2× | — |
| Insider trades, last 12 months | bought $19,492, sold $36.0 million | bought $440,531, sold $36.1 million |
| Piotroski F-score | 8 of 9 | 1 of 9 |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
VerisignTeraWulf
Operating margin
Percent of revenue
VerisignTeraWulf
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
VerisignTeraWulf
Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the Verisign and TeraWulf pages.