Terawulf (WULF) EBITDA Margin (2010 - 2026)
Terawulf's (WULF) quarterly EBITDA Margin came in at 392.99% in Q1 2026, down 26495.0% year-on-year from N/an in Q1 2025, and down 188.69% quarter-over-quarter from 136.13% in Q4 2025.
Terawulf (WULF) EBITDA Margin (2010 - 2026) Analysis & Trends
Terawulf has disclosed EBITDA Margin across 17 years of filings, most recently posting 392.99% for Q1 2026.
- EBITDA Margin for Q1 2026 came in at 392.99%, down 26495.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 106.83% (down 5686.0% YoY), and the FY2025 annual result was 57.95%, down 4623.0% from the prior year.
- EBITDA Margin came in at 392.99% for Q1 2026 at Terawulf, down from 136.13% in the prior quarter.
- In the past five years, EBITDA Margin ranged from a high of 30.1% in Q1 2024 to a low of 4222.58% in Q1 2022.
- The 5-year median for EBITDA Margin is 32.84% (2023), against an average of 344.64%.
- Across the five-year window, EBITDA Margin tumbled 416805 bps in 2022 and surged 418974 bps in 2023, its largest moves.
- Terawulf's EBITDA Margin stood at 88.22% in 2022, then soared by 118 bps to 15.46% in 2023, then plunged by 577 bps to 73.67% in 2024, then sank by 85 bps to 136.13% in 2025, then sank by 189 bps to 392.99% in 2026.
- The last three EBITDA Margin figures came in at 392.99% (Q1 2026), 136.13% (Q4 2025), and 3.62% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | SOL Strategies | 100,773.79 Bn | 100,773.79 Bn | - | - |
| 2 | Morgan Stanley | 331.35 Bn | 197.82 Bn | - | 95.15% |
| 3 | Goldman Sachs | 317.73 Bn | -619.82 Bn | - | 136.81% |
| 4 | Schwab Charles | 153.74 Bn | 108.77 Bn | - | 61.80% |
| 5 | Robinhood Markets | 75.98 Bn | 71.34 Bn | 960.00 Mn | 28.49% |
| 6 | Interactive Brokers | 38.91 Bn | 49.50 Bn | - | 14.74% |
| 7 | LPL Financial Holdings | 22.76 Bn | 21.73 Bn | - | 11.84% |
| 8 | Tradeweb Markets | 20.90 Bn | 19.65 Bn | - | 47.66% |
| 9 | Circle Internet | 20.00 Bn | 18.49 Bn | 35.01 Mn | 110.52% |
| 10 | Terawulf | 2.09 Bn | -734.82 Mn | 31.65 Mn | -392.99% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -392.99% |
| Dec 31, 2025 | -136.13% |
| Sep 30, 2025 | 3.62% |
| Jun 30, 2025 | 6.71% |
| Mar 31, 2025 | -128.05% |
| Dec 31, 2024 | -73.67% |
| Sep 30, 2024 | -0.25% |
| Jun 30, 2024 | 20.71% |
| Mar 31, 2024 | 30.10% |
| Dec 31, 2023 | 15.46% |
| Sep 30, 2023 | -7.73% |
| Jun 30, 2023 | 3.77% |
| Mar 31, 2023 | -32.84% |
| Dec 31, 2022 | -88.22% |
| Sep 30, 2022 | -306.91% |
| Jun 30, 2022 | -549.89% |
| Mar 31, 2022 | -4,222.58% |
| Sep 30, 2021 | -127.21% |
| Jun 30, 2021 | -15.15% |
| Mar 31, 2021 | -54.53% |