KPIs & Operating Metrics(New)
Balance Sheet
Cash Flow Statement
Daily Values
Growth Metrics
Income Statement
Others
Ratios
Asset Utilization RatioAssets AverageDebt RatioDebt to EquityEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginGross MarginInterest Coverage RatioInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on Capital EmployedReturn on EquityReturn on Invested CapitalReturn on SalesTimes Interest Earned

Terawulf (WULF) Gross Margin (2016 - 2026)

Terawulf's Gross Margin history spans 16 years, with the latest figure at 27.72% for Q4 2025.

  • On a quarterly basis, Gross Margin fell 3265.0% to 27.72% in Q4 2025 year-over-year; TTM through Dec 2025 was 45.46%, a 1404.0% decrease, with the full-year FY2025 number at 45.46%, down 984.0% from a year prior.
  • Gross Margin hit 27.72% in Q4 2025 for Terawulf, down from 60.52% in the prior quarter.
  • Over the last five years, Gross Margin for WULF hit a ceiling of 85.25% in Q1 2022 and a floor of 34.08% in Q3 2022.
  • Historically, Gross Margin has averaged 47.26% across 5 years, with a median of 56.38% in 2023.
  • Biggest five-year swings in Gross Margin: crashed -6744bps in 2022 and later soared 9046bps in 2023.
  • Tracing WULF's Gross Margin over 5 years: stood at 33.35% in 2021, then surged by 34bps to 44.82% in 2022, then soared by 38bps to 61.64% in 2023, then fell by -2bps to 60.38% in 2024, then tumbled by -54bps to 27.72% in 2025.
  • Business Quant data shows Gross Margin for WULF at 27.72% in Q4 2025, 60.52% in Q3 2025, and 53.62% in Q2 2025.