TeraWulf Inc. (WULF) stock
WULFNasdaqFinance ServicesFiscal year ends December 31
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Nov 6, 2026Score 2/30221% above fair value
$12.62−0.42 (-3.22%)
Close on Nov 13, 2026Market cap $6.30BP/E –Yield 0.00%
TeraWulf operating margin
Operating margin is operating income as a percentage of revenue.
TeraWulf's operating margin for the twelve months ending Sep 30, 2026 was -250.0%. For fiscal 2025 it was -110.5%, against -54.4% the year before. The highest annual figure on record is 9.3% in fiscal 2010.
Annual operating margin
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | -110.5% | −56.1 |
| FY2024 | Dec 31, 2024 | -54.4% | −11.9 |
| FY2023 | Dec 31, 2023 | -42.5% | +248.5 |
| FY2022 | Dec 31, 2022 | -291.0% | −277.7 |
| FY2020 | Dec 31, 2020 | -13.3% | −7.9 |
| FY2019 | Dec 31, 2019 | -5.4% | −6.7 |
| FY2018 | Dec 31, 2018 | 1.2% | +3.9 |
| FY2017 | Dec 31, 2017 | -2.7% | −2.6 |
| FY2016 | Dec 31, 2016 | -0.1% | −1.4 |
| FY2015 | Dec 31, 2015 | 1.3% | −3.7 |
| FY2014 | Dec 31, 2014 | 4.9% | −0.3 |
| FY2013 | Dec 31, 2013 | 5.3% | −0.7 |
| FY2012 | Dec 31, 2012 | 6.0% | −0.1 |
| FY2011 | Dec 31, 2011 | 6.1% | −3.2 |
| FY2010 | Dec 31, 2010 | 9.3% | – |
Quarterly operating margin
Change is against the same quarter a year earlier.
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| Q3 FY2026 | Sep 30, 2026 | -115.7% | −67.0 |
| Q2 FY2026 | Jun 30, 2026 | -313.7% | −281.0 |
| Q1 FY2026 | Mar 31, 2026 | -476.7% | −303.4 |
| Q4 FY2025 | Dec 31, 2025 | -240.9% | −93.9 |
| Q3 FY2025 | Sep 30, 2025 | -48.8% | +9.3 |
| Q2 FY2025 | Jun 30, 2025 | -32.7% | −13.7 |
| Q1 FY2025 | Mar 31, 2025 | -173.3% | −167.9 |
| Q4 FY2024 | Dec 31, 2024 | -147.0% | −127.0 |
| Q3 FY2024 | Sep 30, 2024 | -58.1% | −6.9 |
| Q2 FY2024 | Jun 30, 2024 | -19.0% | +18.8 |
| Q1 FY2024 | Mar 31, 2024 | -5.5% | +74.5 |
| Q4 FY2023 | Dec 31, 2023 | -20.0% | +119.9 |
| Q3 FY2023 | Sep 30, 2023 | -51.1% | +295.0 |
| Q2 FY2023 | Jun 30, 2023 | -37.8% | +526.5 |
| Q1 FY2023 | Mar 31, 2023 | -80.0% | +4144.5 |
| Q4 FY2022 | Dec 31, 2022 | -139.9% | −12.7 |
| Q3 FY2022 | Sep 30, 2022 | -346.1% | −245.7 |
| Q2 FY2022 | Jun 30, 2022 | -564.3% | −553.8 |
| Q1 FY2022 | Mar 31, 2022 | -4224.4% | −4231.2 |
| Q3 FY2021 | Sep 30, 2021 | -127.2% | −119.5 |
| Q2 FY2021 | Jun 30, 2021 | -100.4% | −60.8 |
| Q1 FY2021 | Mar 31, 2021 | -10.5% | +12.7 |
| Q4 FY2020 | Dec 31, 2020 | 6.8% | +8.2 |
| Q3 FY2020 | Sep 30, 2020 | -7.7% | −4.3 |
| Q2 FY2020 | Jun 30, 2020 | -39.6% | −35.7 |
| Q1 FY2020 | Mar 31, 2020 | -23.2% | −7.6 |
| Q4 FY2019 | Dec 31, 2019 | -1.4% | −5.4 |
| Q3 FY2019 | Sep 30, 2019 | -3.4% | −2.9 |
| Q2 FY2019 | Jun 30, 2019 | -3.9% | −8.2 |
| Q1 FY2019 | Mar 31, 2019 | -15.6% | −12.2 |
| Q4 FY2018 | Dec 31, 2018 | 3.9% | −4.3 |
| Q3 FY2018 | Sep 30, 2018 | -0.5% | +3.3 |
| Q2 FY2018 | Jun 30, 2018 | 4.2% | +7.1 |
| Q1 FY2018 | Mar 31, 2018 | -3.5% | +12.7 |
| Q4 FY2017 | Dec 31, 2017 | 8.2% | +6.4 |
| Q3 FY2017 | Sep 30, 2017 | -3.8% | – |
| Q2 FY2017 | Jun 30, 2017 | -2.9% | – |
| Q1 FY2017 | Mar 31, 2017 | -16.2% | – |
| Q4 FY2016 | Dec 31, 2016 | 1.9% | – |
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