Filing Flows › Terawulf (WULF) › Q2 2026 › vs Q2 2025
Terawulf (WULF) Q2 2026 vs Q2 2025 (year over year)
Terawulf's revenue fell $2.9M (-6%) from $47.6M in Q2 2025 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 Q2 2025, the increases inside each band.
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $44.8M | $47.6M | −$2.9M | -6% |
| Net loss | $941M | $18.4M | $922M | 51× |
| Costs & expenses | $986M | $66.0M | $920M | 15× |
| Operating costs | $185M | $63.2M | $122M | +193% |
| Interest & other, net | $800M | $2.8M | $798M | 288× |
| Income tax | $28K | $0 | $28K | — |
| Cost of revenue | $35.8M | $25.6M | $10.2M | +40% |
| Operating expenses | $149M | $37.6M | $112M | +297% |
| Operating cash sources | $941M | $18.4M | $922M | 51× |
| Depreciation | $21.2M | $18.8M | $2.5M | +13% |
| Share-based compensation | $83.9M | $1.3M | $82.6M | 64× |
| Working capital & other | $699M | −$56.5M | $755M | — |
| Cash used in operations | $137M | $54.8M | $81.9M | +149% |
| Net loss absorbed | $941M | $18.4M | $922M | 51× |
Questions
How much did Terawulf's revenue grow year over year in Q2 2026?
Terawulf's revenue fell $2.9M (-6%) from $47.6M in Q2 2025 to $44.8M in Q2 2026.