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Terawulf (WULF) Cost of Revenue: 2009-2025

Historic Cost of Revenue for Terawulf (WULF) over the last 17 years, with Sep 2025 value amounting to $17.1 million.

  • Terawulf's Cost of Revenue rose 16.80% to $17.1 million in Q3 2025 from the same period last year, while for Sep 2025 it was $83.4 million, marking a year-over-year increase of 60.62%. This contributed to the annual value of $62.6 million for FY2024, which is 129.21% up from last year.
  • Latest data reveals that Terawulf reported Cost of Revenue of $17.1 million as of Q3 2025, which was down 22.50% from $22.1 million recorded in Q2 2025.
  • In the past 5 years, Terawulf's Cost of Revenue registered a high of $24.6 million during Q1 2025, and its lowest value of $32,000 during Q1 2022.
  • Moreover, its 3-year median value for Cost of Revenue was $14.4 million (2024), whereas its average is $14.0 million.
  • Its Cost of Revenue has fluctuated over the past 5 years, first slumped by 98.46% in 2022, then spiked by 15,531.25% in 2023.
  • Terawulf's Cost of Revenue (Quarterly) stood at $3.2 million in 2021, then soared by 63.89% to $5.3 million in 2022, then soared by 69.20% to $8.9 million in 2023, then spiked by 119.68% to $19.6 million in 2024, then grew by 16.80% to $17.1 million in 2025.
  • Its Cost of Revenue stands at $17.1 million for Q3 2025, versus $22.1 million for Q2 2025 and $24.6 million for Q1 2025.