Terawulf (WULF) Gross Margin (2010 - 2026)

Terawulf has disclosed Gross Margin across 17 years of filings, most recently posting 93.06% for Q1 2026.

• Gross Margin for Q1 2026 came in at 93.06%, up 6442.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 65.5% (up 1514.0% YoY), and the FY2025 annual result was 50.93%, down 437.0% from the prior year.
• Gross Margin came in at 93.06% for Q1 2026 at Terawulf, up from 56.1% in the prior quarter.
• In the past five years, Gross Margin ranged from a high of 93.06% in Q1 2026 to a low of 34.08% in Q3 2022.
• The 5-year median for Gross Margin is 57.33% (2022), against an average of 54.45%.
• Across the five-year window, Gross Margin plunged 6744 bps in 2022 and jumped 9046 bps in 2023, its largest moves.
• Terawulf's Gross Margin stood at 44.82% in 2022, then surged by 38 bps to 61.64% in 2023, then decreased by 2 bps to 60.38% in 2024, then declined by 7 bps to 56.1% in 2025, then soared by 66 bps to 93.06% in 2026.
• The last three Gross Margin figures came in at 93.06% (Q1 2026), 56.1% (Q4 2025), and 66.15% (Q3 2025), per Business Quant data.