Terawulf (WULF) Operating Margin (2010 - 2026)

Terawulf has disclosed Operating Margin across 17 years of filings, most recently posting 476.72% for Q1 2026.

• Operating Margin for Q1 2026 came in at 476.72%, down 30341.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 164.74% (down 7363.0% YoY), and the FY2025 annual result was 110.54%, down 5612.0% from the prior year.
• Operating Margin came in at 476.72% for Q1 2026 at Terawulf, down from 200.57% in the prior quarter.
• In the past five years, Operating Margin ranged from a high of 5.46% in Q1 2024 to a low of 4224.42% in Q1 2022.
• The 5-year median for Operating Margin is 79.95% (2023), against an average of 387.19%.
• Across the five-year window, Operating Margin sank 416989 bps in 2022 and soared 414447 bps in 2023, its largest moves.
• Terawulf's Operating Margin stood at 139.94% in 2022, then jumped by 86 bps to 20.04% in 2023, then slumped by 418 bps to 103.84% in 2024, then sank by 93 bps to 200.57% in 2025, then tumbled by 138 bps to 476.72% in 2026.
• The last three Operating Margin figures came in at 476.72% (Q1 2026), 200.57% (Q4 2025), and 48.78% (Q3 2025), per Business Quant data.