Cash Flow Statement
Growth Metrics

Terawulf (WULF) Net Margin (2016 - 2026)

Terawulf's Net Margin history spans 16 years, with the latest figure at 468.43% for Q4 2025.

  • On a quarterly basis, Net Margin changed N/A to 468.43% in Q4 2025 year-over-year; TTM through Dec 2025 was 433.69%, a 40516.0% decrease, with the full-year FY2023 number at 107.61%, up 50155.0% from a year prior.
  • Net Margin hit 468.43% in Q4 2025 for Terawulf, up from 1049.11% in the prior quarter.
  • Over the last five years, Net Margin for WULF hit a ceiling of 16.99% in Q2 2021 and a floor of 8400.0% in Q1 2022.
  • Historically, Net Margin has averaged 729.14% across 5 years, with a median of 123.18% in 2021.
  • Biggest five-year swings in Net Margin: crashed -834547bps in 2022 and later skyrocketed 817009bps in 2023.
  • Tracing WULF's Net Margin over 5 years: stood at 131.17% in 2021, then tumbled by -101bps to 263.44% in 2022, then surged by 82bps to 46.39% in 2023, then crashed by -83bps to 85.12% in 2024, then plummeted by -450bps to 468.43% in 2025.
  • Business Quant data shows Net Margin for WULF at 468.43% in Q4 2025, 1049.11% in Q3 2025, and 38.56% in Q2 2025.