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Terawulf (WULF) Cost of Revenue (2016 - 2025)

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

  • For Q4 2025, Cost of Revenue fell 3.72% year-over-year to $18.9 million; the TTM value through Dec 2025 reached $82.7 million, up 32.03%, while the annual FY2025 figure was $82.7 million, 32.03% up from the prior year.
  • Cost of Revenue for Q4 2025 was $18.9 million at Terawulf, up from $17.1 million in the prior quarter.
  • Across five years, Cost of Revenue topped out at $24.6 million in Q1 2025 and bottomed at $32000.0 in Q1 2022.
  • The 5-year median for Cost of Revenue is $8.6 million (2023), against an average of $10.5 million.
  • The largest annual shift saw Cost of Revenue tumbled 98.46% in 2022 before it skyrocketed 15531.25% in 2023.
  • A 5-year view of Cost of Revenue shows it stood at $2.8 million in 2021, then skyrocketed by 87.06% 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.
  • Per Business Quant, the three most recent readings for WULF's Cost of Revenue are $18.9 million (Q4 2025), $17.1 million (Q3 2025), and $22.1 million (Q2 2025).