Terawulf (WULF) EBITDA Margin (2010 - 2026)
Terawulf's EBITDA Margin came in at -266.29% for Q2 2026, down 273.00 percentage points from 6.71% a year earlier but up 126.71 percentage points from the prior quarter.
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Analysis
Terawulf (WULF) EBITDA Margin (2010 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Terawulf reported EBITDA Margin of -187.44%, down 138.64 percentage points year-over-year; for FY2025, it was -57.95%, down 46.23 percentage points from FY2024.
- EBITDA Margin carries a five-year change of -49.85 percentage points (FY2020 to FY2025).
- Going back by year, EBITDA Margin was -11.72% in FY2024 (-10.17 pp), -1.55% in FY2023 (+245.10 pp) and -246.64% in FY2022.
- The five-year range for quarterly EBITDA Margin is -549.89% (Q2 2022) to 1839093.55% (Q1 2022).
- Year-over-year, EBITDA Margin has declined for three consecutive quarters, with an average year-over-year change of -109.71 percentage points over the last eight quarters.
- The fastest year-over-year change in EBITDA Margin over five years came in Q1 2022 (a gain of 1839147.79 percentage points), and the weakest in Q1 2023 (a drop of 1839126.39 percentage points).
- Business Quant data shows WULF's EBITDA Margin at -392.99% (Q1 2026), -163.49% (Q4 2025) and 3.62% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,961.51 Bn | 3,884.67 Bn | 60.48 Bn | 57.36% |
| 2 | International Business Machines | 215.03 Bn | 165.84 Bn | 9.91 Bn | 23.10% |
| 3 | Cloudflare | 114.69 Bn | 98.22 Bn | 499.52 Mn | -15.49% |
| 4 | Equinix | 98.17 Bn | 86.73 Bn | 1.40 Bn | 46.55% |
| 5 | Nebius | 44.92 Bn | 18.35 Bn | 448.70 Mn | 18.99% |
| 6 | CoreWeave | 36.20 Bn | 23.29 Bn | 1.70 Bn | 53.94% |
| 7 | Verisign | 27.35 Bn | 24.56 Bn | 384.60 Mn | 69.70% |
| 8 | Nutanix | 18.78 Bn | 10.46 Bn | 651.35 Mn | 11.68% |
| 9 | GoDaddy | 13.53 Bn | 9.11 Bn | 828.20 Mn | 27.41% |
| 10 | Terawulf | 5.64 Bn | -3.59 Bn | 32.37 Mn | -266.29% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -266.29% |
| Mar 31, 2026 | -392.99% |
| Dec 31, 2025 | -163.49% |
| Sep 30, 2025 | 3.62% |
| Jun 30, 2025 | 6.71% |
| Mar 31, 2025 | -128.05% |
| Dec 31, 2024 | -73.67% |
| Sep 30, 2024 | 0.64% |
| Jun 30, 2024 | 29.42% |
| Mar 31, 2024 | 47.99% |
| Dec 31, 2023 | 37.78% |
| Sep 30, 2023 | 23.97% |
| Jun 30, 2023 | 34.56% |
| Mar 31, 2023 | -2.07% |
| Dec 31, 2022 | -44.24% |
| Sep 30, 2022 | -228.42% |
| Jun 30, 2022 | -407.15% |
| Mar 31, 2022 | 1,840,226.27% |
| Sep 30, 2021 | -133.70% |
| Jun 30, 2021 | -5.63% |
API Access
Terawulf EBITDA Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ebitda-margin&ticker=WULF&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebitda-margin", "ticker": "WULF", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ebitda-margin&ticker=WULF&period=max&api_key=YOUR_API_KEY");
const data = await res.json();