Terawulf (WULF) Operating Income (2010 - 2026)
Terawulf (WULF) posted Operating Income of -$162.1 million for Q1 2026, down 87.83% sequentially from -$86.3 million in Q4 2025, and down 171.92% YoY from $225.4 million in Q1 2025.
Terawulf (WULF) Operating Income (2010 - 2026) Analysis & Trends
Terawulf has reported Operating Income for 17 years, with the latest figure at -$162.1 million in Q1 2026.
- Quarterly Operating Income fell 171.92% year-over-year to -$162.1 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was -$288.7 million (down 116.23% YoY) and the FY2025 annual result came in at -$186.2 million, down 144.32% from the prior year.
- Operating Income declined to -$162.1 million in Q1 2026 per WULF's latest filing, from -$86.3 million in the prior quarter.
- Over five years, Operating Income peaked at -$2.3 million in Q1 2024 and troughed at -$162.1 million in Q1 2026.
- A 5-year average of -$29.3 million and a median of -$13.4 million in 2022 frame the typical range for Operating Income.
- The sharpest annual moves came in 2024 and 2025: Operating Income surged 74.88% in 2024, then sank 2474.61% in 2025.
- Over 5 years, Operating Income stood at -$13.4 million in 2022, then jumped by 65.15% to -$4.7 million in 2023, then sank by 1002.1% to -$51.4 million in 2024, then plunged by 67.87% to -$86.3 million in 2025, then sank by 87.83% to -$162.1 million in 2026.
- According to Business Quant data, Operating Income over the past three periods registered -$162.1 million, -$86.3 million, and -$24.7 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Morgan Stanley | 338.83 Bn | 205.30 Bn | - | - |
| 2 | Goldman Sachs | 316.34 Bn | -660.01 Bn | - | - |
| 3 | Schwab Charles | 220.55 Bn | 135.80 Bn | - | - |
| 4 | Futu Holdings | 121.48 Bn | 105.59 Bn | 733.58 Mn | 532.81 Mn |
| 5 | Robinhood Markets | 84.07 Bn | 66.74 Bn | 1.20 Bn | 470.00 Mn |
| 6 | Iren | 68.17 Bn | 65.95 Bn | 104.86 Mn | -233.52 Mn |
| 7 | ATIF Holdings | 45.42 Bn | 45.42 Bn | - | - |
| 8 | Interactive Brokers | 39.54 Bn | -3.28 Bn | - | - |
| 9 | LPL Financial Holdings | 28.27 Bn | 25.57 Bn | - | - |
| 10 | Terawulf | 8.49 Bn | 5.66 Bn | 31.65 Mn | -162.14 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Jun 30, 2021 | -644,093.00 |