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TeraWulf WULF HPC Leasing Segment — Operating Expenses

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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

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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:OperatingCostsAndExpenses.

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 — operating expenses?
TeraWulf (WULF) reported HPC leasing segment — operating expenses of $8.33M in Q1 2026.
What does HPC leasing segment — operating expenses mean?
The overhead and administrative costs required to manage and grow the HPC leasing business segment.
How do you interpret HPC leasing segment — operating expenses?
A decrease relative to revenue suggests improved operating leverage, while a significant increase may indicate heavy investment in scaling the segment's operations.
How does HPC leasing segment — operating expenses compare across companies?
Comparable to 'Segment SG&A' or 'Operating Expenses' reported by business units within technology and infrastructure companies.