Terawulf (WULF) Cost of Revenue (2010 - 2026)

Terawulf has disclosed Cost of Revenue across 17 years of filings, most recently posting $2.4 million for Q1 2026.

• Cost of Revenue for Q1 2026 came in at $2.4 million, down 90.38% year-over-year; the trailing twelve-month figure through Mar 2026 was $60.5 million (down 16.88% YoY), and the FY2025 annual result was $82.7 million, up 32.03% from the prior year.
• Cost of Revenue came in at $2.4 million for Q1 2026 at Terawulf, down from $18.9 million in the prior quarter.
• In the past five years, Cost of Revenue ranged from a high of $24.6 million in Q1 2025 to a low of $32000.0 in Q1 2022.
• The 5-year median for Cost of Revenue is $8.9 million (2023), against an average of $10.9 million.
• Across the five-year window, Cost of Revenue sank 98.46% in 2022 and soared 15531.25% in 2023, its largest moves.
• Terawulf's Cost of Revenue stood at $5.3 million in 2022, then soared by 69.2% to $8.9 million in 2023, then soared by 119.68% to $19.6 million in 2024, then dropped by 3.72% to $18.9 million in 2025, then tumbled by 87.5% to $2.4 million in 2026.
• The last three Cost of Revenue figures came in at $2.4 million (Q1 2026), $18.9 million (Q4 2025), and $17.1 million (Q3 2025), per Business Quant data.