The financials
TeraWulf Inc. by the numbers
TeraWulf Inc. (WULF) reported revenue of $34M in Q1 2026 (quarter ended March 31, 2026), down 1.1% from the same quarter a year earlier. That came with a gross margin of 60% and net loss of $428M. For the full year FY2025, revenue was $168M (+20% year on year) and net income −$661M.
| Income statement | Q1 2026 | Q1 2025 | Change |
|---|---|---|---|
| Revenue | $34M | $34M | −1.1% |
| Gross profit | $20M | $7.0M | +194% |
| Operating income | −$162M | −$60M | n/a |
| Net income | −$428M | −$61M | n/a |
| Diluted EPS | −$1.01 | −$0.16 | n/a |
Business Segments
Revenue split by product segment, from SEC XBRL filings.
Latest period: Q1 2026Total $13.0M (-70%)
Crypto Mining grew -62% year on year
Segment Latestquarter on quarteryear on year
- Crypto Mining$13.0M$13.0MQoQ -70%year on year -62%-70%-62%
Capital Markets
Ranks #15 of 40 by Smart Score