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TeraWulf WULF Operating Income

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Other financials

Income statement

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Revenue$44.8M-6.0%
Gross profit$32.4M+26.7%
Net income-$939.9M-5,017%
EPS (diluted)-$1.94-3,780%

Balance sheet

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Cash & equivalents$3.0B+3,213%
Total debt$23.6M-94.6%
Total equity$147.3M-15.5%
Total assets$8.0B+826%

Cash flow

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Operating cash flow-$136.7M-149%
CapEx$855.6M+613%
Free cash flow-$992.3M-468%

Valuation

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Market cap$8.95B+346%
Enterprise value$5.95B+153%
P/S54.2×+40.3×

Profitability

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Gross margin69.3%+25.4pp
Operating margin-250.4%-719pp
Net margin-1,179.9%-1,288pp
FCF margin-1,515.9%-2,047pp

Returns & leverage

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Return on equity-1,212.1%-1,263pp
Debt / equity0.2×-2.4×
Current ratio0.7×+0.1×

Where this comes from

Reported directly by TeraWulf in its filing.

Tagged under the XBRL concept us-gaap:OperatingIncomeLoss.

The source filing: TeraWulf’s 10-Q, filed August 5, 2026.

Filed
Aug 5, 2026, 4:31 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001083301-26-000166
Line itemThree Months Ended June 30, 2026Three Months Ended June 30, 2025Six Months Ended June 30, 2026Six Months Ended June 30, 2025
Impairment of property, plant, and equipment25,697
Loss on disposals of property, plant, and equipment3993,8313993,831
Total costs and expenses185,21763,226381,371157,259
Operating loss(140,450)(15,590)(302,592)(75,218)
Interest expense(56,389)(4,012)(123,460)(8,061)
Change in fair value of warrants(755,667)(971,992)
Loss on extinguishment of debt(7,116)(7,116)
Interest income28,9561,23258,3673,491

Item 1. Financial Statements

FAQ

What is TeraWulf's operating income?
TeraWulf (WULF) reported operating income of -$140.45M in Q2 2026.
How has TeraWulf's operating income changed year-over-year?
TeraWulf's operating income decreased by 800.9% year-over-year, from -$15.59M to -$140.45M.
What is the long-term trend for TeraWulf's operating income?
Over 4 years (2021 to 2025), TeraWulf's operating income has grown at a 35.4% compound annual growth rate (CAGR), from -$55.38M to -$186.21M.
What does operating income mean?
Gross profit minus all operating expenses (SG&A, R&D, D&A). Measures the profit from core business operations before interest, taxes, and non-operating items.

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