Terawulf (WULF) Capital Expenditures (2010 - 2026)

Terawulf (WULF) posted Capital Expenditures of -$5.8 million for Q1 2026, down 100.94% sequentially from $615.0 million in Q4 2025, and down 175.42% YoY from $7.7 million in Q1 2025.

Terawulf (WULF) Capital Expenditures (2010 - 2026) Analysis & Trends

Terawulf has reported Capital Expenditures for 17 years, with the latest figure at -$5.8 million in Q1 2026.

  • Quarterly Capital Expenditures fell 175.42% year-over-year to -$5.8 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $1.0 billion (up 357.74% YoY) and the FY2025 annual result came in at $1.1 billion, up 295.68% from the prior year.
  • Capital Expenditures retreated to -$5.8 million in Q1 2026 per WULF's latest filing, from $615.0 million in the prior quarter.
  • Over five years, Capital Expenditures peaked at $615.0 million in Q4 2025 and troughed at -$47.0 million in Q2 2024.
  • A 5-year average of $82.3 million and a median of $7.7 million in 2025 frame the typical range for Capital Expenditures.
  • The widest YoY moves for Capital Expenditures: up 65323.48% in 2023, down 22204.17% in 2023.
  • Over 5 years, Capital Expenditures stood at $115000.0 in 2022, then soared by 65323.48% to $75.2 million in 2023, then jumped by 104.2% to $153.6 million in 2024, then surged by 300.3% to $615.0 million in 2025, then plunged by 100.94% to -$5.8 million in 2026.
  • According to Business Quant data, Capital Expenditures over the past three periods registered -$5.8 million, $615.0 million, and $231.6 million for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Capex (Qtr)
1 Morgan Stanley 338.83 Bn 205.30 Bn - 819.00 Mn
2 Goldman Sachs 316.34 Bn -660.01 Bn - 502.00 Mn
3 Schwab Charles 220.55 Bn 135.80 Bn - 140.00 Mn
4 Futu Holdings 121.48 Bn 105.59 Bn 733.58 Mn -
5 Robinhood Markets 84.07 Bn 66.74 Bn 1.20 Bn 12.00 Mn
6 Iren 68.17 Bn 65.95 Bn 104.86 Mn 949.16 Mn
7 ATIF Holdings 45.42 Bn 45.42 Bn - -
8 Interactive Brokers 39.54 Bn -3.28 Bn - 26.00 Mn
9 LPL Financial Holdings 28.27 Bn 25.57 Bn - 199.45 Mn
10 Terawulf 8.49 Bn 5.66 Bn 31.65 Mn -5.81 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 -5.81 Mn
Mar 31, 2026 -5.81 Mn
Dec 31, 2025 614.99 Mn
Dec 31, 2025 614.99 Mn
Sep 30, 2025 231.57 Mn
Sep 30, 2025 231.57 Mn
Jun 30, 2025 205.93 Mn
Jun 30, 2025 205.93 Mn
Mar 31, 2025 7.70 Mn
Mar 31, 2025 7.70 Mn
Dec 31, 2024 153.63 Mn
Dec 31, 2024 153.63 Mn
Sep 30, 2024 114.33 Mn
Sep 30, 2024 114.33 Mn
Jun 30, 2024 -47.00 Mn
Jun 30, 2024 -47.00 Mn
Mar 31, 2024 46.98 Mn
Mar 31, 2024 46.98 Mn
Dec 31, 2023 75.24 Mn
Dec 31, 2023 75.24 Mn