Terawulf (WULF) Intangibles (2010 - 2026)
Terawulf's Intangibles came in at $133,000 for Q2 2026, down 89.2% from the prior quarter.
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Analysis
Terawulf (WULF) Intangibles (2010 - 2026) Analysis & Trends
At the end of FY2025, Terawulf's Intangibles was $270,000, down 43.3% from FY2024.
- Intangibles carries a five-year compound annual growth rate of 2.1% (FY2020 to FY2025).
- Going back by year, Intangibles was $476,000 in FY2024 (-73.6%), $1.8 million in FY2023 (+884.2%) and $183,000 in FY2022.
- The Q2 2026 figure represents the lowest quarterly Intangibles since Q1 2023.
- Year-over-year, Intangibles increased in 1 of the last six quarters, with an average decline of 24.2%.
- The fastest year-over-year change in Intangibles over five years came in Q3 2023 (growth of 923.3%), and the weakest in Q3 2022 (a decline of 74.2%).
- Business Quant data shows WULF's Intangibles at $1.24 million (Q1 2026), $270,000 (Q4 2025) and $492,000 (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Intangibles (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,978.22 Bn | 3,913.71 Bn | 62.56 Bn | 17.75 Bn |
| 2 | International Business Machines | 234.30 Bn | 188.91 Bn | 9.71 Bn | 13.60 Bn |
| 3 | Equinix | 98.75 Bn | 86.64 Bn | 1.31 Bn | 1.15 Bn |
| 4 | Cloudflare | 87.20 Bn | 70.73 Bn | 499.52 Mn | 57.37 Mn |
| 5 | Nebius | 29.33 Bn | 2.76 Bn | 448.70 Mn | 83.90 Mn |
| 6 | Verisign | 28.15 Bn | 25.50 Bn | 393.20 Mn | 171.40 Mn |
| 7 | CoreWeave | 24.27 Bn | 11.36 Bn | 1.70 Bn | 245.00 Mn |
| 8 | Nutanix | 15.78 Bn | 7.47 Bn | 651.35 Mn | 1.84 Mn |
| 9 | GoDaddy | 15.07 Bn | 10.45 Bn | 843.00 Mn | 962.70 Mn |
| 10 | Terawulf | 4.95 Bn | -4.28 Bn | 32.37 Mn | 133,000.00 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 133,000.00 |
| Mar 31, 2026 | 1.24 Mn |
| Dec 31, 2025 | 270,000.00 |
| Sep 30, 2025 | 492,000.00 |
| Mar 31, 2025 | 1.40 Mn |
| Dec 31, 2024 | 476,000.00 |
| Sep 30, 2024 | 297,000.00 |
| Jun 30, 2024 | 946,000.00 |
| Mar 31, 2024 | 2.02 Mn |
| Dec 31, 2023 | 1.80 Mn |
| Sep 30, 2023 | 614,000.00 |
| Jun 30, 2023 | 708,000.00 |
| Mar 31, 2023 | 117,000.00 |
| Dec 31, 2022 | 183,000.00 |
| Sep 30, 2022 | 60,000.00 |
| Jun 30, 2022 | 651,000.00 |
| Mar 31, 2022 | 212,000.00 |
| Sep 30, 2021 | 232,679.00 |
| Jun 30, 2021 | 245,832.00 |
| Mar 31, 2021 | 243,819.00 |
API Access
Terawulf Intangibles API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=intangibles&ticker=WULF&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "intangibles", "ticker": "WULF", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=intangibles&ticker=WULF&period=max&api_key=YOUR_API_KEY");
const data = await res.json();