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TeraWulf WULF Total Cost of Revenue

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Segments

By segment

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Digital Asset Mining Segment$7.95M-64.0%
HPC Leasing Segment$4.45M

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
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:CostOfGoodsAndServicesSold.

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
HPC lease revenue31,93252,954
Total revenue44,76747,63678,77982,041
Costs and expenses:
Cost of revenue (exclusive of depreciation shown below)12,40022,09414,76146,647
Operating expenses21,7052,03930,7213,183
Operating expenses – related party1,7331,4753,9193,223
Selling, general and administrative expenses112,4119,996240,01656,569
Selling, general and administrative expenses – related party14,5294,29214,6887,863

Item 1. Financial Statements

FAQ

What is TeraWulf's total cost of revenue?
TeraWulf (WULF) reported total cost of revenue of $12.4M in Q2 2026.
How has TeraWulf's total cost of revenue changed year-over-year?
TeraWulf's total cost of revenue decreased by 43.9% year-over-year, from $22.09M to $12.4M.
What is the long-term trend for TeraWulf's total cost of revenue?
Over 3 years (2022 to 2025), TeraWulf's total cost of revenue has grown at a 95.4% compound annual growth rate (CAGR), from $11.08M to $82.66M.
What does total cost of revenue mean?
The aggregate of all direct costs attributable to producing goods and delivering services that generated the company's revenue, including materials, labor, and overhead.

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