Terawulf (WULF) Net Margin (2010 - 2026)
Terawulf (WULF) posted Net Margin of 1223.55% for Q1 2026, down 330.06% sequentially from 284.5% in Q4 2025, and down 104504.0% YoY from N/an in Q1 2025.
Terawulf (WULF) Net Margin (2010 - 2026) Analysis & Trends
Terawulf has reported Net Margin for 17 years, with the latest figure at 1223.55% in Q1 2026.
- Quarterly Net Margin fell 104504.0% year-over-year to 1223.55% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 577.42% (down 51218.0% YoY) and the FY2023 annual result came in at 107.61%, up 50155.0% from the prior year.
- Net Margin retreated to 1223.55% in Q1 2026 per WULF's latest filing, from 284.5% in the prior quarter.
- Over five years, Net Margin peaked at 23.33% in Q1 2024 and troughed at 8400.0% in Q1 2022.
- A 5-year average of 863.25% and a median of 204.21% in 2025 frame the typical range for Net Margin.
- The sharpest annual moves came in 2022 and 2023: Net Margin plunged 834547 bps in 2022, then jumped 817009 bps in 2023.
- Over 5 years, Net Margin stood at 263.44% in 2022, then soared by 82 bps to 46.39% in 2023, then slumped by 83 bps to 85.12% in 2024, then plunged by 234 bps to 284.5% in 2025, then sank by 330 bps to 1223.55% in 2026.
- According to Business Quant data, Net Margin over the past three periods registered 1223.55%, 284.5%, and 899.7% for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Morgan Stanley | 338.83 Bn | 205.30 Bn | - | 25.46% |
| 2 | Goldman Sachs | 316.34 Bn | -660.01 Bn | - | 31.46% |
| 3 | Schwab Charles | 220.55 Bn | 135.80 Bn | - | 36.98% |
| 4 | Futu Holdings | 121.48 Bn | 105.59 Bn | 733.58 Mn | 122.40% |
| 5 | Robinhood Markets | 84.07 Bn | 66.74 Bn | 1.20 Bn | 42.89% |
| 6 | Iren | 68.17 Bn | 65.95 Bn | 104.86 Mn | -171.16% |
| 7 | ATIF Holdings | 45.42 Bn | 45.42 Bn | - | - |
| 8 | Interactive Brokers | 39.54 Bn | -3.28 Bn | - | 16.00% |
| 9 | LPL Financial Holdings | 28.27 Bn | 25.57 Bn | - | 7.31% |
| 10 | Terawulf | 8.49 Bn | 5.66 Bn | 31.65 Mn | -1,223.55% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -1,223.55% |
| 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 | 32.86% |