Terawulf (WULF) Gross Margin (2010 - 2026)

Terawulf has disclosed Gross Margin across 17 years of filings, most recently posting 72.3% for Q2 2026.

• In Q2 2026, Gross Margin rose 1868.0% year-over-year to 72.3%; the TTM figure through Jun 2026 stood at 69.26% (up 2028.0% YoY), while the FY2025 annual figure was 50.93%, down 437.0% from the prior year.
• Gross Margin came in at 72.3% for Q2 2026 at Terawulf, down from 93.06% 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.
• Average Gross Margin over 5 years is 54.95%, with a median of 58.85% recorded in 2022.
• Year-over-year, Gross Margin tumbled 6744 bps in 2022 and surged 9046 bps in 2023.
• Over 5 years, 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 fell by 22 bps to 47.28% in 2025, then jumped by 53 bps to 72.3% in 2026.
• Per Business Quant data, the three most recent Gross Margin figures were 72.3% in Q2 2026, 93.06% in Q1 2026, and 47.28% in Q4 2025.