Terawulf (WULF) Change in Intangibles (2010 - 2021)
Terawulf's Change in Intangibles was $13.16 million in Q2 2026, down 73.5% from $49.76 million a year earlier but up 14.6% from the prior quarter.
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Analysis
Terawulf (WULF) Change in Intangibles (2010 - 2021) Analysis & Trends
On a trailing twelve-month basis, Terawulf's Change in Intangibles was $93.59 million through Jun 30, 2026, down 37.5% year-over-year; for FY2025, it was $151.33 million, up 124.6% from FY2024.
- Change in Intangibles shows a five-year compound annual growth rate of 532.8% (FY2020 to FY2025).
- In earlier years, Change in Intangibles was $67.37 million in FY2024.
- Quarterly Change in Intangibles has moved between -$5,937 (Q3 2021) and $49.76 million (Q2 2025) over five years.
- Compared with a year earlier, Change in Intangibles has declined for three straight quarters, with an average decline of 32.6% over the last four quarters.
- Per Business Quant data, WULF's Change in Intangibles in the three quarters before Q2 2026 was $11.48 million (Q1 2026), $25.55 million (Q4 2025) and $43.39 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change Intangibless (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,961.51 Bn | 3,884.67 Bn | 60.48 Bn | - |
| 2 | International Business Machines | 215.03 Bn | 165.84 Bn | 9.91 Bn | 154.00 Mn |
| 3 | Cloudflare | 114.69 Bn | 98.22 Bn | 499.52 Mn | 11.22 Mn |
| 4 | Equinix | 98.17 Bn | 86.73 Bn | 1.40 Bn | - |
| 5 | Nebius | 44.92 Bn | 18.35 Bn | 448.70 Mn | - |
| 6 | CoreWeave | 36.20 Bn | 23.29 Bn | 1.70 Bn | - |
| 7 | Verisign | 27.35 Bn | 24.56 Bn | 384.60 Mn | - |
| 8 | Nutanix | 18.78 Bn | 10.46 Bn | 651.35 Mn | - |
| 9 | GoDaddy | 13.53 Bn | 9.11 Bn | 828.20 Mn | - |
| 10 | Terawulf | 5.64 Bn | -3.59 Bn | 32.37 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2021 | -5,937.00 |
| Jun 30, 2021 | 9,171.00 |
| Mar 31, 2021 | 6,787.00 |
| Dec 31, 2020 | 1,934.00 |
| Sep 30, 2020 | 493.00 |
| Jun 30, 2020 | 9,060.00 |
| Mar 31, 2020 | 3,423.00 |
| Dec 31, 2019 | 2,137.00 |
| Sep 30, 2019 | 11,206.00 |
| Jun 30, 2019 | 3,525.00 |
| Mar 31, 2019 | 2,797.00 |
| Dec 31, 2018 | 13,681.00 |
| Sep 30, 2018 | 3,935.00 |
| Jun 30, 2018 | 16,782.00 |
| Mar 31, 2018 | 15,572.00 |
| Dec 31, 2017 | 6,557.00 |
| Sep 30, 2017 | 17,376.00 |
| Jun 30, 2017 | 7,362.00 |
| Mar 31, 2017 | 7,682.00 |
| Dec 31, 2016 | 1,304.00 |
API Access
Terawulf Change in Intangibles API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=change-in-intangibles&ticker=WULF&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "change-in-intangibles", "ticker": "WULF", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=change-in-intangibles&ticker=WULF&period=max&api_key=YOUR_API_KEY");
const data = await res.json();