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TeraWulf WULF Operating Income

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Other financials

Income statement

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Revenue$34.0M-1.1%
Gross profit$31.7M+221%
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
Net margin-611.5%-747pp
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

Reported directly by TeraWulf in its filing.

Tagged under the XBRL concept us-gaap:OperatingIncomeLoss.

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 operating income?
TeraWulf (WULF) reported operating income of -$162.14M in Q1 2026.
How has TeraWulf's operating income changed year-over-year?
TeraWulf's operating income decreased by 171.9% year-over-year, from -$59.63M to -$162.14M.
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?
Profit earned from core business operations before interest and taxes.
How do you interpret operating income?
An increase indicates improved operational efficiency or higher margins, while a decrease suggests rising costs or declining core revenue.
How does operating income compare across companies?
Standard across all public companies; peers in digital infrastructure typically show high sensitivity to energy costs and mining efficiency.