What is TeraWulf's HPC leasing segment — gross profit?

TeraWulf (WULF) reported HPC leasing segment — gross profit of $10.24M in Q1 2026.

What does HPC leasing segment — gross profit mean?

The profit remaining from HPC leasing revenue after paying for direct operating costs.

How do you interpret HPC leasing segment — gross profit?

An increase signals improved pricing power or better cost control over energy and maintenance, indicating a healthier core business model.

How does HPC leasing segment — gross profit compare across companies?

Comparable to 'Gross Profit' for specific business segments in technology services, reflecting the direct margin contribution of the unit.

TeraWulf WULF HPC Leasing Segment — Gross Profit

Other segment segments

Digital Asset Mining Segment

$10.21M+46.7%

Similar metrics at other companies

APLDHPC hosting segment — Total segment profit (loss)

-$5.84M-543%

HLIOperating Segments — Gross Profit

$75.78M+4.3%

APLDHPC hosting segment — Revenue from Contract with Customer, Excluding Assessed Tax

$0—

APLDHPC Hosting Business — Operating loss

$17.57M+8,012%

APLDHPC Hosting Business — Total segment revenue

$71.01M—

APLDHPC Hosting Business — Gain (Loss) on Disposition of Assets

$0—

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

Net margin-611.5%-747pp

FCF margin-1,003.6%-1,433pp

Returns & leverage

See full

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:GrossProfit.

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 HPC leasing segment — gross profit?: TeraWulf (WULF) reported HPC leasing segment — gross profit of $10.24M in Q1 2026.
What does HPC leasing segment — gross profit mean?: The profit remaining from HPC leasing revenue after paying for direct operating costs.
How do you interpret HPC leasing segment — gross profit?: An increase signals improved pricing power or better cost control over energy and maintenance, indicating a healthier core business model.
How does HPC leasing segment — gross profit compare across companies?: Comparable to 'Gross Profit' for specific business segments in technology services, reflecting the direct margin contribution of the unit.