Terawulf annual operating margin
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Terawulf Operating Margin Growth & History (WULF)
Terawulf's operating margin was −122.87% for fiscal 2025.
View full Terawulf company overviewTerawulf annual operating margin history
| Fiscal year | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | −122.87% | −68.45 pp |
| 2024 | 2024-12-31 | −54.42% | −11.92 pp |
| 2023 | 2023-12-31 | −42.50% | +248.50 pp |
| 2022 | 2022-12-31 | −290.99% | — |
| 2020 | 2020-12-31 | −13.30% | −7.87 pp |
| 2019 | 2019-12-31 | −5.43% | −6.67 pp |
| 2018 | 2018-12-31 | 1.24% | +3.93 pp |
| 2017 | 2017-12-31 | −2.69% | −2.57 pp |
| 2016 | 2016-12-31 | −0.13% | −1.38 pp |
| 2015 | 2015-12-31 | 1.26% | −3.68 pp |
| 2014 | 2014-12-31 | 4.94% | −0.32 pp |
| 2013 | 2013-12-31 | 5.26% | −0.71 pp |
| 2012 | 2012-12-31 | 5.97% | −0.15 pp |
| 2011 | 2011-12-31 | 6.11% | −3.17 pp |
| 2010 | 2010-12-31 | 9.29% | — |
Terawulf quarterly operating margin
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Q4.11
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Q4.12
Q1.13
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Q2.25
Q3.25
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Q1.26
Q2.26
| Fiscal quarter | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | −1,094.27% | −1061.55 pp |
| Q1 2026 | 2026-03-31 | −1,248.21% | −1074.89 pp |
| Q4 2025 | 2025-12-31 | −330.23% | −183.24 pp |
| Q3 2025 | 2025-09-30 | −56.88% | +1.18 pp |
| Q2 2025 | 2025-06-30 | −32.73% | −13.71 pp |
| Q1 2025 | 2025-03-31 | −173.31% | −167.85 pp |
| Q4 2024 | 2024-12-31 | −146.99% | −126.95 pp |
| Q3 2024 | 2024-09-30 | −58.06% | −6.95 pp |
| Q2 2024 | 2024-06-30 | −19.02% | +18.80 pp |
| Q1 2024 | 2024-03-31 | −5.46% | +74.50 pp |
| Q4 2023 | 2023-12-31 | −20.04% | +119.90 pp |
| Q3 2023 | 2023-09-30 | −51.12% | +295.00 pp |
| Q2 2023 | 2023-06-30 | −37.82% | +526.52 pp |
| Q1 2023 | 2023-03-31 | −79.95% | +4144.47 pp |
| Q4 2022 | 2022-12-31 | −139.94% | — |
| Q3 2022 | 2022-09-30 | −346.12% | −218.91 pp |
| Q2 2022 | 2022-06-30 | −564.33% | −463.96 pp |
| Q1 2022 | 2022-03-31 | −4,224.42% | −4213.94 pp |
| Q3 2021 | 2021-09-30 | −127.21% | −119.47 pp |
| Q2 2021 | 2021-06-30 | −100.37% | −60.77 pp |
| Q1 2021 | 2021-03-31 | −10.48% | +12.72 pp |
| Q4 2020 | 2020-12-31 | 6.78% | +8.19 pp |
| Q3 2020 | 2020-09-30 | −7.74% | −4.34 pp |
| Q2 2020 | 2020-06-30 | −39.60% | −35.66 pp |
| Q1 2020 | 2020-03-31 | −23.20% | −7.57 pp |
| Q4 2019 | 2019-12-31 | −1.42% | −5.36 pp |
| Q3 2019 | 2019-09-30 | −3.40% | −2.92 pp |
| Q2 2019 | 2019-06-30 | −3.94% | −8.18 pp |
| Q1 2019 | 2019-03-31 | −15.63% | −12.18 pp |
| Q4 2018 | 2018-12-31 | 3.94% | −4.28 pp |
| Q3 2018 | 2018-09-30 | −0.47% | +3.30 pp |
| Q2 2018 | 2018-06-30 | 4.25% | +7.13 pp |
| Q1 2018 | 2018-03-31 | −3.45% | +12.70 pp |
| Q4 2017 | 2017-12-31 | 8.23% | +6.36 pp |
| Q3 2017 | 2017-09-30 | −3.77% | −7.24 pp |
| Q2 2017 | 2017-06-30 | −2.88% | −4.07 pp |
| Q1 2017 | 2017-03-31 | −16.15% | −8.17 pp |
| Q4 2016 | 2016-12-31 | 1.87% | −4.58 pp |
| Q3 2016 | 2016-09-30 | 3.47% | −0.70 pp |
| Q2 2016 | 2016-06-30 | 1.19% | −2.99 pp |
| Q1 2016 | 2016-03-31 | −7.98% | +5.10 pp |
| Q4 2015 | 2015-12-31 | 6.45% | +3.67 pp |
| Q3 2015 | 2015-09-30 | 4.17% | +0.22 pp |
| Q2 2015 | 2015-06-30 | 4.18% | −1.77 pp |
| Q1 2015 | 2015-03-31 | −13.08% | −20.14 pp |
| Q4 2014 | 2014-12-31 | 2.78% | −8.77 pp |
| Q3 2014 | 2014-09-30 | 3.95% | +0.12 pp |
| Q2 2014 | 2014-06-30 | 5.95% | −2.68 pp |
| Q1 2014 | 2014-03-31 | 7.06% | +11.38 pp |
| Q4 2013 | 2013-12-31 | 11.55% | +2.13 pp |
| Q3 2013 | 2013-09-30 | 3.83% | −4.17 pp |
| Q2 2013 | 2013-06-30 | 8.63% | +0.61 pp |
| Q1 2013 | 2013-03-31 | −4.32% | −1.92 pp |
| Q4 2012 | 2012-12-31 | 9.42% | +3.25 pp |
| Q3 2012 | 2012-09-30 | 8.00% | +1.21 pp |
| Q2 2012 | 2012-06-30 | 8.02% | −1.76 pp |
| Q1 2012 | 2012-03-31 | −2.40% | −3.04 pp |
| Q4 2011 | 2011-12-31 | 6.17% | — |
| Q3 2011 | 2011-09-30 | 6.79% | −3.27 pp |
| Q2 2011 | 2011-06-30 | 9.78% | −2.05 pp |
| Q1 2011 | 2011-03-31 | 0.64% | — |
| Q3 2010 | 2010-09-30 | 10.07% | — |
| Q2 2010 | 2010-06-30 | 11.84% | — |
Terawulf operating margin trends
Over the last five fiscal years, Terawulf's operating margin decreased from −13.30% to −122.87%, a change of −109.57 percentage points. The latest reported quarter, Q2 2026, shows −1,094.27%.
About the metric
What operating margin means
Operating margin measures the percentage of revenue left after operating costs and expenses. It shows how much operating profit a company generates from each dollar of revenue.
Calculation and source
How operating margin is calculated
TickerStat calculates operating margin as SEC-reported operating income divided by SEC-reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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