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TeraWulf WULF Operating margin

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Other financials

Income statement

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Revenue$44.8M-6.0%
Gross profit$32.4M+26.7%
Operating income-$140.5M-801%
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
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

Calculated from TeraWulf’s reported figures.

Based on trailing twelve months.

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

Filed
Aug 5, 2026, 4:31 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001083301-26-000166

FAQ

What is TeraWulf's operating margin?
TeraWulf (WULF) reported operating margin of -250.4% in Q2 2026.
How has TeraWulf's operating margin changed year-over-year?
TeraWulf's operating margin decreased by 153.4% year-over-year, from -98.8% to -250.4%.
What is the long-term trend for TeraWulf's operating margin?
Over 4 years (2020 to 2025), TeraWulf's operating margin has grown at a 69.8% compound annual growth rate (CAGR), from -13.3% to -110.5%.
What does operating margin mean?
Operating income as a percentage of revenue (trailing twelve months). Captures profitability from core operations after both cost of revenue and operating expenses, but before interest and taxes.

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