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TeraWulf WULF Net margin

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Other financials

Income statement

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Revenue$34.0M-1.1%
Gross profit$31.7M+221%
Operating income-$162.1M-172%
Net income-$427.6M-596%
EPS (diluted)-$1.01-531%

Balance sheet

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Cash & equivalents$3.1B+1,318%
Total debt$3.7B+959%
Total equity-$78.8M-146%
Total assets$7.0B+733%

Cash flow

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Operating cash flow-$17.6M-131%
CapEx$523.0M+458%
Free cash flow-$540.5M-1,353%

Valuation

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Market cap$14.36B+484%
Enterprise value$14.94B+470%
P/S85.5×+66.8×

Profitability

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Gross margin64%+19.1pp
Operating margin-171.8%+398pp
FCF margin-1,003.6%-1,433pp

Returns & leverage

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Return on equity-343.7%-382pp
Debt / equity25.4×+25.4×
Current ratio1.2×-0.7×

Where this comes from

Calculated from TeraWulf’s reported figures.

Based on trailing twelve months.

The official record: TeraWulf’s 10-Q, filed May 8, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is TeraWulf's net margin?
TeraWulf (WULF) reported net margin of -611.5% in Q1 2026.
How has TeraWulf's net margin changed year-over-year?
TeraWulf's net margin decreased by 549.9% year-over-year, from -94.1% to -611.5%.
What is the long-term trend for TeraWulf's net margin?
Over 4 years (2020 to 2025), TeraWulf's net margin has grown at a 231.0% compound annual growth rate (CAGR), from -3.3% to -392.6%.
What does net margin mean?
The share of every sales dollar that becomes bottom-line profit.
How do you interpret net margin?
Higher is better, but net margin mixes operating performance with financing and tax effects and one-off items — read it alongside operating margin to separate the operating story from the rest.
How does net margin compare across companies?
Comparable across peers but sensitive to leverage and tax structure; two operationally identical firms can show different net margins purely from financing.