Growth Metrics

Terawulf (WULF) Operating Income (2016 - 2025)

Terawulf (WULF) has disclosed Operating Income for 16 consecutive years, with -$86.3 million as the latest value for Q4 2025.

  • Quarterly Operating Income fell 67.87% to -$86.3 million in Q4 2025 from the year-ago period, while the trailing twelve-month figure was -$186.2 million through Dec 2025, down 144.32% year-over-year, with the annual reading at -$186.2 million for FY2025, 144.32% down from the prior year.
  • Operating Income hit -$86.3 million in Q4 2025 for Terawulf, down from -$24.7 million in the prior quarter.
  • In the past five years, Operating Income ranged from a high of -$644093.0 in Q2 2021 to a low of -$86.3 million in Q4 2025.
  • Historically, Operating Income has averaged -$19.3 million across 5 years, with a median of -$9.5 million in 2023.
  • Biggest five-year swings in Operating Income: tumbled 14662.6% in 2021 and later surged 74.88% in 2024.
  • Year by year, Operating Income stood at -$41.7 million in 2021, then skyrocketed by 67.91% to -$13.4 million in 2022, then skyrocketed by 65.15% to -$4.7 million in 2023, then crashed by 1002.1% to -$51.4 million in 2024, then crashed by 67.87% to -$86.3 million in 2025.
  • Business Quant data shows Operating Income for WULF at -$86.3 million in Q4 2025, -$24.7 million in Q3 2025, and -$15.6 million in Q2 2025.