Cash Flow Statement
Growth Metrics

Terawulf (WULF) EBITDA Margin (2016 - 2026)

Terawulf's EBITDA Margin history spans 16 years, with the latest figure at 224.13% for Q4 2025.

  • On a quarterly basis, EBITDA Margin fell 15047.0% to 224.13% in Q4 2025 year-over-year; TTM through Dec 2025 was 64.41%, a 5380.0% decrease, with the full-year FY2025 number at 64.41%, down 5269.0% from a year prior.
  • EBITDA Margin hit 224.13% in Q4 2025 for Terawulf, down from 4.22% in the prior quarter.
  • Over the last five years, EBITDA Margin for WULF hit a ceiling of 30.1% in Q1 2024 and a floor of 4222.58% in Q1 2022.
  • Historically, EBITDA Margin has averaged 302.64% across 5 years, with a median of 32.84% in 2023.
  • Biggest five-year swings in EBITDA Margin: plummeted -416805bps in 2022 and later skyrocketed 418974bps in 2023.
  • Tracing WULF's EBITDA Margin over 5 years: stood at 127.21% in 2021, then surged by 31bps to 88.22% in 2022, then skyrocketed by 118bps to 15.46% in 2023, then tumbled by -577bps to 73.67% in 2024, then plummeted by -204bps to 224.13% in 2025.
  • Business Quant data shows EBITDA Margin for WULF at 224.13% in Q4 2025, 4.22% in Q3 2025, and 6.71% in Q2 2025.