Terawulf (WULF) Operating Margin (2010 - 2026)
Terawulf (WULF) posted Operating Margin of 476.72% for Q1 2026, down 137.68% sequentially from 200.57% in Q4 2025, and down 30341.0% YoY from N/an in Q1 2025.
Terawulf (WULF) Operating Margin (2010 - 2026) Analysis & Trends
Terawulf (WULF) has 17 years of Operating Margin data on file, last reported at 476.72% in Q1 2026.
- Quarterly Operating Margin fell 30341.0% year-over-year to 476.72% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 164.74% (down 7363.0% YoY) and the FY2025 annual result came in at 110.54%, down 5612.0% from the prior year.
- Operating Margin slipped to 476.72% in Q1 2026 per WULF's latest filing, from 200.57% in the prior quarter.
- The five-year high for Operating Margin was 5.46% in Q1 2024, with the low at 4224.42% in Q1 2022.
- Average Operating Margin over 5 years is 387.19%, with a median of 79.95% recorded in 2023.
- Year-over-year, Operating Margin tumbled 416989 bps in 2022 and jumped 414447 bps in 2023.
- Terawulf's Operating Margin stood at 139.94% in 2022, then jumped by 86 bps to 20.04% in 2023, then tumbled by 418 bps to 103.84% in 2024, then slumped by 93 bps to 200.57% in 2025, then plunged by 138 bps to 476.72% in 2026.
- Business Quant data shows WULF's Operating Margin at 476.72% in Q1 2026, 200.57% in Q4 2025, and 48.78% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Morgan Stanley | 330.70 Bn | 197.17 Bn | - | - |
| 2 | Goldman Sachs | 309.79 Bn | -627.76 Bn | - | - |
| 3 | Schwab Charles | 167.21 Bn | 122.24 Bn | - | - |
| 4 | Futu Holdings | 111.36 Bn | 109.19 Bn | 733.58 Mn | 149.71% |
| 5 | Robinhood Markets | 97.69 Bn | 93.05 Bn | 960.00 Mn | 28.49% |
| 6 | LPL Financial Holdings | 23.49 Bn | 22.47 Bn | - | - |
| 7 | Tradeweb Markets | 21.59 Bn | 20.34 Bn | - | 46.50% |
| 8 | Circle Internet | 15.14 Bn | 13.62 Bn | 35.01 Mn | 108.11% |
| 9 | Iren | 14.46 Bn | 12.24 Bn | 144.76 Mn | -161.28% |
| 10 | Terawulf | 9.97 Bn | 7.15 Bn | 31.65 Mn | -476.72% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -476.72% |
| Dec 31, 2025 | -200.57% |
| Sep 30, 2025 | -48.78% |
| Jun 30, 2025 | -32.73% |
| Mar 31, 2025 | -173.31% |
| Dec 31, 2024 | -103.84% |
| Sep 30, 2024 | -58.06% |
| Jun 30, 2024 | -19.02% |
| Mar 31, 2024 | -5.46% |
| Dec 31, 2023 | -20.04% |
| Sep 30, 2023 | -51.12% |
| Jun 30, 2023 | -37.82% |
| Mar 31, 2023 | -79.95% |
| Dec 31, 2022 | -139.94% |
| Sep 30, 2022 | -346.12% |
| Jun 30, 2022 | -564.33% |
| Mar 31, 2022 | -4,224.42% |
| Sep 30, 2021 | -127.21% |
| Jun 30, 2021 | -15.15% |
| Mar 31, 2021 | -54.53% |