Filing Flows › Terawulf (WULF) › Q3 2026 › vs Q3 2025
Terawulf (WULF) Q3 2026 vs Q3 2025 (year over year)
Terawulf's revenue rose $25.7M (+51%) from $50.6M in Q3 2025 to $76.2M in Q3 2026.
Terawulf, Q3 2026: revenue $76.2M (+51% year over year), operating margin -115.7%, net earnings $710M, operating cash flow −$24.6M. The chart draws each line against Q3 2025, the increases inside each band.
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $76.2M | $50.6M | $25.7M | +51% |
| Other income, net | $798M | −$430M | $1.2B | — |
| Costs & expenses | $874M | $506M | $368M | +73% |
| Operating costs | $164M | $75.2M | $89.2M | +119% |
| Income tax | $28K | $0 | $28K | — |
| Net earnings | $710M | −$455M | $1.2B | — |
| Cost of revenue | $64.6M | $21.6M | $43.0M | +199% |
| Operating expenses | $99.8M | $53.6M | $46.2M | +86% |
| Operating cash sources | $794M | −$388M | $1.2B | — |
| Depreciation | $29.6M | $26.5M | $3.1M | +12% |
| Share-based compensation | $30.0M | $4.3M | $25.7M | +591% |
| Cash used in operations | $24.6M | $36.7M | −$12.0M | -33% |
| Working capital & other | $794M | −$388M | $1.2B | — |
Questions
How much did Terawulf's revenue grow year over year in Q3 2026?
Terawulf's revenue rose $25.7M (+51%) from $50.6M in Q3 2025 to $76.2M in Q3 2026.