Terawulf (WULF) EBT Margin (2010 - 2026)
Terawulf's EBT Margin came in at -2076.83% for Q2 2026, down 2038.27 percentage points from -38.56% a year earlier and down 853.36 percentage points from the prior quarter.
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Analysis
Terawulf (WULF) EBT Margin (2010 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Terawulf reported EBT Margin of -1164.27%, down 1068.67 percentage points year-over-year; for FY2025, it was -390.14%, down 319.89 percentage points from FY2024.
- EBT Margin carries a five-year change of -385.31 percentage points (FY2020 to FY2025).
- Going back by year, EBT Margin was -70.25% in FY2024 (+22.20 pp), -92.45% in FY2023 (+376.37 pp) and -468.82% in FY2022.
- The Q2 2026 figure represents the lowest quarterly EBT Margin since Q1 2022.
- Year-over-year, EBT Margin has declined for seven consecutive quarters, with an average year-over-year change of -538.68 percentage points over the last eight quarters.
- The fastest year-over-year change in EBT Margin over five years came in Q1 2023 (a gain of 6537.75 percentage points), and the weakest in Q1 2022 (a drop of 6622.43 percentage points).
- Business Quant data shows WULF's EBT Margin at -1223.47% (Q1 2026), -341.48% (Q4 2025) and -899.70% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,978.22 Bn | 3,913.71 Bn | 62.56 Bn | 49.80% |
| 2 | International Business Machines | 234.30 Bn | 188.91 Bn | 9.71 Bn | 14.60% |
| 3 | Equinix | 98.75 Bn | 86.64 Bn | 1.31 Bn | 20.89% |
| 4 | Cloudflare | 87.20 Bn | 70.73 Bn | 499.52 Mn | -24.13% |
| 5 | Nebius | 29.33 Bn | 2.76 Bn | 448.70 Mn | -0.12% |
| 6 | Verisign | 28.15 Bn | 25.50 Bn | 393.20 Mn | 63.12% |
| 7 | CoreWeave | 24.27 Bn | 11.36 Bn | 1.70 Bn | -21.90% |
| 8 | Nutanix | 15.78 Bn | 7.47 Bn | 651.35 Mn | 10.93% |
| 9 | GoDaddy | 15.07 Bn | 10.45 Bn | 843.00 Mn | 24.79% |
| 10 | Terawulf | 4.95 Bn | -4.28 Bn | 32.37 Mn | -2,076.83% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -2,076.83% |
| Mar 31, 2026 | -1,223.47% |
| Dec 31, 2025 | -341.48% |
| Sep 30, 2025 | -899.70% |
| Jun 30, 2025 | -38.56% |
| Mar 31, 2025 | -178.51% |
| Dec 31, 2024 | -104.60% |
| Sep 30, 2024 | -74.11% |
| Jun 30, 2024 | -32.73% |
| Mar 31, 2024 | -35.09% |
| Dec 31, 2023 | -59.37% |
| Sep 30, 2023 | -104.89% |
| Jun 30, 2023 | -92.14% |
| Mar 31, 2023 | -139.21% |
| Dec 31, 2022 | -244.90% |
| Sep 30, 2022 | -533.23% |
| Jun 30, 2022 | -863.18% |
| Mar 31, 2022 | -6,676.96% |
| Sep 30, 2021 | -127.21% |
| Jun 30, 2021 | -16.97% |
API Access
Terawulf EBT 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=ebt-margin&ticker=WULF&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebt-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=ebt-margin&ticker=WULF&period=max&api_key=YOUR_API_KEY");
const data = await res.json();