Terawulf (WULF) Capital Expenditures (2010 - 2026)
Terawulf (WULF) posted Capital Expenditures of $523.0 million for Q1 2026, down 14.97% sequentially from $615.0 million in Q4 2025, and up 458.19% YoY from $93.7 million in Q1 2025.
Terawulf (WULF) Capital Expenditures (2010 - 2026) Analysis & Trends
Terawulf (WULF) has 17 years of Capital Expenditures data on file, last reported at $523.0 million in Q1 2026.
- Quarterly Capital Expenditures rose 458.19% year-over-year to $523.0 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $1.5 billion (up 373.37% YoY) and the FY2025 annual result came in at $1.1 billion, up 295.68% from the prior year.
- Capital Expenditures retreated to $523.0 million in Q1 2026 per WULF's latest filing, from $615.0 million in the prior quarter.
- The five-year high for Capital Expenditures was $615.0 million in Q4 2025, with the low at $6.0 million in Q2 2023.
- Average Capital Expenditures over 5 years is $116.9 million, with a median of $33.8 million recorded in 2023.
- Year-over-year, Capital Expenditures tumbled 91.6% in 2022 and jumped 1017.18% in 2025.
- Terawulf's Capital Expenditures stood at $7.2 million in 2022, then jumped by 371.14% to $33.8 million in 2023, then jumped by 354.86% to $153.6 million in 2024, then soared by 300.3% to $615.0 million in 2025, then declined by 14.97% to $523.0 million in 2026.
- Business Quant data shows WULF's Capital Expenditures at $523.0 million in Q1 2026, $615.0 million in Q4 2025, and $231.6 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Capex (Qtr) |
|---|---|---|---|---|---|
| 1 | Morgan Stanley | 330.70 Bn | 197.17 Bn | - | 754.00 Mn |
| 2 | Goldman Sachs | 309.79 Bn | -627.76 Bn | - | 565.00 Mn |
| 3 | Schwab Charles | 167.21 Bn | 122.24 Bn | - | 140.00 Mn |
| 4 | Futu Holdings | 111.36 Bn | 109.19 Bn | 733.58 Mn | - |
| 5 | Robinhood Markets | 97.69 Bn | 93.05 Bn | 960.00 Mn | 9.00 Mn |
| 6 | LPL Financial Holdings | 23.49 Bn | 22.47 Bn | - | 165.76 Mn |
| 7 | Tradeweb Markets | 21.59 Bn | 20.34 Bn | - | 254,000.00 |
| 8 | Circle Internet | 15.14 Bn | 13.62 Bn | 35.01 Mn | 9.36 Mn |
| 9 | Iren | 14.46 Bn | 12.24 Bn | 144.76 Mn | 1.22 Bn |
| 10 | Terawulf | 9.97 Bn | 7.15 Bn | 31.65 Mn | 522.95 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 522.95 Mn |
| Mar 31, 2026 | 522.95 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 | 119.94 Mn |
| Jun 30, 2025 | 119.94 Mn |
| Mar 31, 2025 | 93.69 Mn |
| Mar 31, 2025 | 93.69 Mn |
| Dec 31, 2024 | 153.63 Mn |
| Dec 31, 2024 | 153.63 Mn |
| Sep 30, 2024 | 20.73 Mn |
| Sep 30, 2024 | 20.73 Mn |
| Jun 30, 2024 | 46.60 Mn |
| Jun 30, 2024 | 46.60 Mn |
| Mar 31, 2024 | 46.98 Mn |
| Mar 31, 2024 | 46.98 Mn |
| Dec 31, 2023 | 33.78 Mn |
| Dec 31, 2023 | 33.78 Mn |