Terawulf (WULF) Operating Income (2010 - 2026)
Terawulf's Operating Income was -$140.45 million in Q2 2026, compared with -$15.59 million a year earlier.
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Analysis
Terawulf (WULF) Operating Income (2010 - 2026) Analysis & Trends
On a trailing twelve-month basis, Terawulf's Operating Income was -$413.59 million through Jun 30, 2026; for FY2025, it came in at -$186.21 million.
- In earlier years, Operating Income was -$76.22 million in FY2024, -$29.42 million in FY2023, -$43.75 million in FY2022 and -$43.4 million in FY2021.
- Quarterly Operating Income has moved between -$162.14 million (Q1 2026) and -$2.32 million (Q1 2024) over five years.
- Per Business Quant data, WULF's Operating Income in the three quarters before Q2 2026 was -$162.14 million (Q1 2026), -$86.32 million (Q4 2025) and -$24.67 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,961.51 Bn | 3,884.67 Bn | 60.48 Bn | 40.60 Bn |
| 2 | International Business Machines | 215.03 Bn | 165.84 Bn | 9.91 Bn | 2.62 Bn |
| 3 | Cloudflare | 114.69 Bn | 98.22 Bn | 499.52 Mn | -205.70 Mn |
| 4 | Equinix | 98.17 Bn | 86.73 Bn | 1.40 Bn | 665.00 Mn |
| 5 | Nebius | 44.92 Bn | 18.35 Bn | 448.70 Mn | -175.90 Mn |
| 6 | CoreWeave | 36.20 Bn | 23.29 Bn | 1.70 Bn | -49.00 Mn |
| 7 | Verisign | 27.35 Bn | 24.56 Bn | 384.60 Mn | 296.30 Mn |
| 8 | Nutanix | 18.78 Bn | 10.46 Bn | 651.35 Mn | 69.99 Mn |
| 9 | GoDaddy | 13.53 Bn | 9.11 Bn | 828.20 Mn | 342.50 Mn |
| 10 | Terawulf | 5.64 Bn | -3.59 Bn | 32.37 Mn | -140.45 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| 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 | -31.42 Mn |
| Sep 30, 2021 | -6.03 Mn |
API Access
Terawulf Operating Income API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-income&ticker=WULF&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-income", "ticker": "WULF", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-income&ticker=WULF&period=max&api_key=YOUR_API_KEY");
const data = await res.json();