Terawulf (WULF) Net Margin (2010 - 2026)
Terawulf's (WULF) quarterly Net Margin came in at 2076.9% in Q2 2026, down 203833.0% year-over-year from N/an in Q2 2025, and down 69.74% quarter-over-quarter from 1223.55% in Q1 2026.
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Terawulf (WULF) Net Margin (2010 - 2026) Analysis & Trends
Terawulf has disclosed Net Margin across 17 years of filings, most recently posting 2076.9% for Q2 2026.
- In Q2 2026, Net Margin fell 203833.0% year-over-year to 2076.9%; the TTM figure through Jun 2026 stood at 1164.35% (down 106687.0% YoY), while the FY2025 annual figure was 390.18%, down 31994.0% from the prior year.
- Net Margin came in at 2076.9% for Q2 2026 at Terawulf, down from 1223.55% in the prior quarter.
- In the past five years, Net Margin ranged from a high of 23.33% in Q1 2024 to a low of 8400.0% in Q1 2022.
- Average Net Margin over 5 years is 891.71%, with a median of 204.21% recorded in 2025.
- Year-over-year, Net Margin tumbled 834547 bps in 2022 and soared 817009 bps in 2023.
- Over 5 years, Net Margin stood at 263.44% in 2022, then surged by 82 bps to 46.42% in 2023, then slumped by 125 bps to 104.6% in 2024, then plunged by 227 bps to 341.69% in 2025, then tumbled by 508 bps to 2076.9% in 2026.
- Per Business Quant data, the three most recent Net Margin figures were 2076.9% in Q2 2026, 1223.55% in Q1 2026, and 341.69% in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Equinix | 100.35 Bn | 98.13 Bn | 1.40 Bn | 18.17% |
| 2 | Terawulf | 7.45 Bn | 4.69 Bn | 32.37 Mn | -2,076.90% |
| 3 | Cipher Digital | 6.82 Bn | 2.80 Bn | 9.79 Mn | -1,077.14% |
| 4 | Applied Digital | 6.71 Bn | 2.74 Bn | 97.29 Mn | -43.18% |
| 5 | GDS Holdings | 5.78 Bn | 3.59 Bn | 97.89 Mn | 27.05% |
| 6 | Core Scientific | 5.48 Bn | 3.54 Bn | 70.04 Mn | -703.59% |
| 7 | Vnet | 1.63 Bn | 636.30 Mn | 74.45 Mn | -5.21% |
| 8 | Sify Technologies | 1.44 Bn | 1.44 Bn | 51.65 Mn | 10.40% |
| 9 | WhiteFiber | 666.74 Mn | 606.37 Mn | 18.88 Mn | -51.93% |
| 10 | Vulcan Infrastructure & Power | 432.00 Mn | 428.80 Mn | -1.25 Mn | -292.38% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -2,076.90% |
| Mar 31, 2026 | -1,223.55% |
| Dec 31, 2025 | -341.69% |
| Sep 30, 2025 | -899.70% |
| Jun 30, 2025 | -38.56% |
| Mar 31, 2025 | -178.51% |
| Dec 31, 2024 | -104.60% |
| Sep 30, 2024 | -85.12% |
| Jun 30, 2024 | -31.39% |
| Mar 31, 2024 | -23.33% |
| Dec 31, 2023 | -46.42% |
| 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% |