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 | 333.21 Bn | 173.07 Bn | - | 819.00 Mn |
| 2 | Goldman Sachs | 311.14 Bn | -665.21 Bn | - | 502.00 Mn |
| 3 | Schwab Charles | 196.95 Bn | 123.36 Bn | - | 185.00 Mn |
| 4 | Robinhood Markets | 93.19 Bn | 75.81 Bn | 1.20 Bn | 12.00 Mn |
| 5 | Interactive Brokers | 41.71 Bn | -22.59 Bn | - | 18.00 Mn |
| 6 | LPL Financial Holdings | 29.06 Bn | 26.36 Bn | - | 199.45 Mn |
| 7 | Tradeweb Markets | 23.03 Bn | 20.97 Bn | - | 18.90 Mn |
| 8 | Circle Internet | 21.70 Bn | 19.97 Bn | 288.85 Mn | 20.16 Mn |
| 9 | Futu Holdings | 16.14 Bn | 214.18 Mn | 733.58 Mn | - |
| 10 | Terawulf | 7.54 Bn | 4.78 Bn | 32.37 Mn | 855.56 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 855.56 Mn |
| Jun 30, 2026 | 855.56 Mn |
| 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 |