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Ratios

Terawulf (WULF) Cost of Revenue (2016 - 2026)

Terawulf's Cost of Revenue history spans 16 years, with the latest figure at $18.9 million for Q4 2025.

  • On a quarterly basis, Cost of Revenue fell 3.72% to $18.9 million in Q4 2025 year-over-year; TTM through Dec 2025 was $82.7 million, a 32.03% increase, with the full-year FY2025 number at $82.7 million, up 32.03% from a year prior.
  • Cost of Revenue hit $18.9 million in Q4 2025 for Terawulf, up from $17.1 million in the prior quarter.
  • Over the last five years, Cost of Revenue for WULF hit a ceiling of $24.6 million in Q1 2025 and a floor of $32000.0 in Q1 2022.
  • Historically, Cost of Revenue has averaged $10.1 million across 5 years, with a median of $8.3 million in 2023.
  • Biggest five-year swings in Cost of Revenue: crashed 98.46% in 2022 and later surged 15531.25% in 2023.
  • Tracing WULF's Cost of Revenue over 5 years: stood at $3.2 million in 2021, then surged by 66.98% to $5.3 million in 2022, then skyrocketed by 69.2% to $8.9 million in 2023, then skyrocketed by 119.68% to $19.6 million in 2024, then decreased by 3.72% to $18.9 million in 2025.
  • Business Quant data shows Cost of Revenue for WULF at $18.9 million in Q4 2025, $17.1 million in Q3 2025, and $22.1 million in Q2 2025.