Filing Flows › Terawulf (WULF) › Q2 2026 › vs Q1 2026
Terawulf (WULF) Q2 2026 vs Q1 2026 (quarter over quarter)
Terawulf's revenue rose $10.8M (+32%) from $34.0M in Q1 2026 to $44.8M in Q2 2026.
Terawulf, Q2 2026: revenue $44.8M (-6% year over year), operating margin -313.7%, net loss $941M, operating cash flow −$137M. The chart draws each line against Q1 2026, the increases inside each band.
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Revenue | $44.8M | $34.0M | $10.8M | +32% |
| Net loss | $941M | $428M | $513M | +120% |
| Costs & expenses | $986M | $462M | $524M | +113% |
| Operating costs | $185M | $196M | −$10.9M | -6% |
| Interest & other, net | $800M | $266M | $535M | +201% |
| Income tax | $28K | $28K | $0 | 0% |
| Cost of revenue | $35.8M | $13.6M | $22.3M | +164% |
| Operating expenses | $149M | $183M | −$33.2M | -18% |
| Operating cash sources | $941M | $428M | $513M | +120% |
| Depreciation | $21.2M | $28.5M | −$7.2M | -25% |
| Share-based compensation | $83.9M | $101M | −$17.5M | -17% |
| Working capital & other | $699M | $280M | $419M | +149% |
| Cash used in operations | $137M | $17.6M | $119M | +677% |
| Net loss absorbed | $941M | $428M | $513M | +120% |
Questions
How much did Terawulf's revenue grow quarter over quarter in Q2 2026?
Terawulf's revenue rose $10.8M (+32%) from $34.0M in Q1 2026 to $44.8M in Q2 2026.