Terawulf WULF
NASDAQ WULF
$16.51 +0.28 (+1.73%)
At close: Sep 4, 2026 · 4:00 PM EDT

Terawulf (WULF) Operating Income (2010 - 2026)

Terawulf's (WULF) quarterly Operating Income came in at -$140.4 million in Q2 2026, down 800.9% year-over-year from $20.0 million in Q2 2025, and up 13.38% quarter-over-quarter from -$162.1 million in Q1 2026.

Analysis

Terawulf (WULF) Operating Income (2010 - 2026) Analysis & Trends

Terawulf has disclosed Operating Income across 17 years of filings, most recently posting -$140.4 million for Q2 2026.

  • In Q2 2026, Operating Income fell 800.9% year-over-year to -$140.4 million; the TTM figure through Jun 2026 stood at -$413.6 million (down 190.54% YoY), while the FY2025 annual figure was -$186.2 million, down 144.32% from the prior year.
  • Operating Income came in at -$140.4 million for Q2 2026 at Terawulf, up from -$162.1 million in the prior quarter.
  • In the past five years, Operating Income ranged from a high of -$2.3 million in Q1 2024 to a low of -$162.1 million in Q1 2026.
  • Average Operating Income over 5 years is -$35.5 million, with a median of -$13.4 million recorded in 2022.
  • Year-over-year, Operating Income jumped 74.88% in 2024 and plunged 2474.61% in 2025.
  • Over 5 years, Operating Income stood at -$13.4 million in 2022, then surged by 65.15% to -$4.7 million in 2023, then tumbled by 1002.1% to -$51.4 million in 2024, then slumped by 67.87% to -$86.3 million in 2025, then sank by 62.7% to -$140.4 million in 2026.
  • Per Business Quant data, the three most recent Operating Income figures were -$140.4 million in Q2 2026, -$162.1 million in Q1 2026, and -$86.3 million in Q4 2025.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Op. Inc (Qtr)
1 Equinix 102.22 Bn 100.02 Bn 1.40 Bn 665.00 Mn
2 Terawulf 8.24 Bn 5.48 Bn 32.37 Mn -140.45 Mn
3 Applied Digital 7.59 Bn 5.57 Bn 97.29 Mn -124.82 Mn
4 Cipher Digital 7.35 Bn 3.35 Bn 9.79 Mn -78.54 Mn
5 GDS Holdings 6.47 Bn 4.41 Bn 97.89 Mn 64.73 Mn
6 Core Scientific 5.72 Bn 3.78 Bn 70.04 Mn -78.47 Mn
7 Vnet 1.71 Bn 828.02 Mn 74.45 Mn 33.79 Mn
8 Sify Technologies 1.56 Bn 1.56 Bn 51.65 Mn 11.79 Mn
9 WhiteFiber 758.96 Mn 698.59 Mn 18.88 Mn -9.26 Mn
10 Vulcan Infrastructure & Power 445.09 Mn 441.89 Mn -1.25 Mn -9.64 Mn
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 -140.45 Mn
Mar 31, 2026 -162.14 Mn
Dec 31, 2025 -86.32 Mn
Sep 30, 2025 -24.67 Mn
Jun 30, 2025 -15.59 Mn
Mar 31, 2025 -59.63 Mn
Dec 31, 2024 -51.42 Mn
Sep 30, 2024 -15.71 Mn
Jun 30, 2024 -6.77 Mn
Mar 31, 2024 -2.32 Mn
Dec 31, 2023 -4.67 Mn
Sep 30, 2023 -9.69 Mn
Jun 30, 2023 -5.85 Mn
Mar 31, 2023 -9.22 Mn
Dec 31, 2022 -13.39 Mn
Sep 30, 2022 -13.37 Mn
Jun 30, 2022 -7.82 Mn
Mar 31, 2022 -9.17 Mn
Dec 31, 2021 -41.72 Mn
Sep 30, 2021 -6.03 Mn