Terawulf (WULF) Net Margin (2010 - 2026)
Terawulf (WULF) posted Net Margin of 1226.95% for Q1 2026, down 331.26% sequentially from 284.5% in Q4 2025, and down 104843.0% YoY from N/an in Q1 2025.
Terawulf (WULF) Net Margin (2010 - 2026) Analysis & Trends
Terawulf (WULF) has 17 years of Net Margin data on file, last reported at 1226.95% in Q1 2026.
- Quarterly Net Margin fell 104843.0% year-over-year to 1226.95% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 578.08% (down 51284.0% YoY) and the FY2023 annual result came in at 107.61%, up 50155.0% from the prior year.
- Net Margin eased to 1226.95% in Q1 2026 per WULF's latest filing, from 284.5% in the prior quarter.
- The five-year high for Net Margin was 23.33% in Q1 2024, with the low at 8400.0% in Q1 2022.
- Average Net Margin over 5 years is 863.46%, with a median of 204.21% recorded in 2025.
- Year-over-year, Net Margin slumped 834547 bps in 2022 and soared 817009 bps in 2023.
- Terawulf's Net Margin stood at 263.44% in 2022, then jumped by 82 bps to 46.39% in 2023, then tumbled by 83 bps to 85.12% in 2024, then sank by 234 bps to 284.5% in 2025, then slumped by 331 bps to 1226.95% in 2026.
- Business Quant data shows WULF's Net Margin at 1226.95% in Q1 2026, 284.5% in Q4 2025, and 899.7% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Morgan Stanley | 330.70 Bn | 197.17 Bn | - | 26.29% |
| 2 | Goldman Sachs | 309.79 Bn | -627.76 Bn | - | 31.36% |
| 3 | Schwab Charles | 167.21 Bn | 122.24 Bn | - | 36.98% |
| 4 | Futu Holdings | 111.36 Bn | 109.19 Bn | 733.58 Mn | 122.40% |
| 5 | Robinhood Markets | 97.69 Bn | 93.05 Bn | 960.00 Mn | 32.80% |
| 6 | LPL Financial Holdings | 23.49 Bn | 22.47 Bn | - | 7.22% |
| 7 | Tradeweb Markets | 21.59 Bn | 20.34 Bn | - | 37.74% |
| 8 | Circle Internet | 15.14 Bn | 13.62 Bn | 35.01 Mn | 132.82% |
| 9 | Iren | 14.46 Bn | 12.24 Bn | 144.76 Mn | -171.16% |
| 10 | Terawulf | 9.97 Bn | 7.15 Bn | 31.65 Mn | -1,226.95% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -1,226.95% |
| Dec 31, 2025 | -284.50% |
| Sep 30, 2025 | -899.70% |
| Jun 30, 2025 | -38.56% |
| Mar 31, 2025 | -178.51% |
| Sep 30, 2024 | -85.12% |
| Jun 30, 2024 | -31.39% |
| Mar 31, 2024 | -23.33% |
| Dec 31, 2023 | -46.39% |
| Sep 30, 2023 | -102.19% |
| Jun 30, 2023 | -115.20% |
| Mar 31, 2023 | -229.91% |
| Dec 31, 2022 | -263.44% |
| Sep 30, 2022 | -886.00% |
| Jun 30, 2022 | -1,004.19% |
| Mar 31, 2022 | -8,400.00% |
| Sep 30, 2021 | -131.17% |
| Jun 30, 2021 | -16.99% |
| Mar 31, 2021 | -54.53% |
| Dec 31, 2020 | 34.61% |