Short answer
TERAWULF INC. (WULF) filed its Q2 2026 10-Q quarterly report on Aug 5, 2026 for the quarter ended Jun 30, 2026. Quarterly revenue was $45M (down 6.0% year over year) with net income of −$940M.
Q2 2026 key financials · XBRL
- Revenue
- $45M
- −6.0% YoY · +31.6% QoQ
- Net income
- −$940M
- −5016.6% YoY · −119.8% QoQ
- Operating margin
- -313.7%
- Gross margin
- 19.9%
- EPS (diluted)
- −$2.00
- −3900.0% YoY · −98.0% QoQ
Source: XBRL data from the TERAWULF INC. (WULF) Q2 2026 10-Q on SEC EDGAR. USD.
TERAWULF INC. Q2 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- HPC lease revenue $31.932M, versus $0 in Q2 2025
- Bitcoin mining revenue declined to 179 bitcoin worth $12.835M, versus 485 bitcoin worth $47.636M
- Bitcoin mining cost $44,547 per bitcoin, 62.1% of value versus 46.4% YoY
- Cash, cash equivalents, and restricted cash approximately $3.0B at June 30, 2026
- Outlook: revenue mix shifting toward HPC leasing, with capital focused on contracted HPC projects
Risk Factors
- New regulatory risk: July 2026 New York Executive Order No. 62 temporarily paused certain discretionary data-center permits
- Project-development risk: Future New York requirements could add generation, transmission, storage, environmental-mitigation or community-benefit costs
- Near-term operational risk: Cayuga Site permitting changes could disrupt customer deployment schedules and development returns
- Financial risk: New York requirements could increase project costs and limit competition with more favorable jurisdictions
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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