TeraWulf Inc.

WULF Financial Capital Markets

TeraWulf Inc.’s revenue for fiscal 2025 (year ended December 2025) was $168.5 million, up 20.3% from fiscal 2024.

Revenue
−6.02%
EPS
−3,780.0%
Free cash flow
−695.3%
Total debt
+966.1%

Quarter to June 2026, against a year earlier

10.40 0.32 +3.17%
Market cap
$5.0B
P/E
0.0×
Fwd P/E
−3.7×
Dividend yield
—
F-score
1/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a

TeraWulf Inc. (WULF) Operating margin

Alert me on Operating margin

TeraWulf Inc.'s operating margin over the twelve months to 30 June 2026 was −250.4%, down 139.8 percentage points from fiscal 2025 (−110.5%). Over the past ten years it has ranged from −291.0% (fiscal 2022) to 1.26% (fiscal 2015); the current reading is higher than 18% of that period. That is below the Capital Markets industry median of 0.00% and below the Financial sector median of 0.00%.

Operating margin, annual

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Annual newest first

Period Operating margin Change (points)
FY2025 −110.5% (56.12)
FY2024 −54.4% (11.92)
FY2023 −42.5% 248.49
FY2022 −291.0% (290.99)
FY2021 0.00% 13.30
FY2020 −13.3% (7.87)
FY2019 −5.43% (6.67)
FY2018 1.24% 3.93
FY2017 −2.69% (2.56)
FY2016 −0.13% (1.39)

Quarterly newest first

Period Operating margin Change (points)
Jun 2026 −313.7% 162.98
Mar 2026 −476.7% (235.84)
Dec 2025 −240.9% (192.10)
Sep 2025 −48.8% (16.05)
42 more quarters

Against its own ten years

Low −291.0% High 1.26%
Ten-year median −5.43%
Current reading's percentile 12

Operating margin against peers

Company Operating margin
MKTX MarketAxess Holdings Inc. compare 40.5%
MRX Marex Group PLC compare 36.4%
FIGR Figure Technology Solutions, Inc. compare 28.4%
MC Moelis & Company compare 18.4%
BGC BGC Group, Inc. compare 10.7%
GLXY Galaxy Digital Inc. compare −0.53%
RIOT Riot Platforms, Inc. compare −210.5%
HUT Hut 8 Corp. compare −227.0%
WULF TeraWulf Inc. −250.4%
Capital Markets industry median 0.00%
Financial sector median 0.00%
Market median 0.00%

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

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