Cash Flow Statement
Growth Metrics

Terawulf (WULF) Depreciation Expense (2022 - 2026)

Terawulf's Depreciation Expense history spans 4 years, with the latest figure at $27.7 million for Q4 2025.

  • On a quarterly basis, Depreciation Expense rose 85.59% to $27.7 million in Q4 2025 year-over-year; TTM through Dec 2025 was $88.6 million, a 48.14% increase, with the full-year FY2025 number at $88.6 million, up 48.14% from a year prior.
  • Depreciation Expense hit $27.7 million in Q4 2025 for Terawulf, up from $26.5 million in the prior quarter.
  • Over the last five years, Depreciation Expense for WULF hit a ceiling of $27.7 million in Q4 2025 and a floor of $4000.0 in Q1 2022.
  • Historically, Depreciation Expense has averaged $11.5 million across 4 years, with a median of $11.2 million in 2023.
  • Biggest five-year swings in Depreciation Expense: surged 135725.0% in 2023 and later rose 3.22% in 2025.
  • Tracing WULF's Depreciation Expense over 4 years: stood at $4.9 million in 2022, then soared by 67.04% to $8.3 million in 2023, then soared by 80.81% to $14.9 million in 2024, then skyrocketed by 85.59% to $27.7 million in 2025.
  • Business Quant data shows Depreciation Expense for WULF at $27.7 million in Q4 2025, $26.5 million in Q3 2025, and $18.8 million in Q2 2025.