Cash Flow Statement
Growth Metrics

Terawulf (WULF) Invested Capital (2016 - 2026)

Terawulf's Invested Capital history spans 16 years, with the latest figure at $3.2 billion for Q4 2025.

  • On a quarterly basis, Invested Capital rose 1225.04% to $3.2 billion in Q4 2025 year-over-year; TTM through Dec 2025 was $3.2 billion, a 1225.04% increase, with the full-year FY2025 number at $3.2 billion, up 1225.04% from a year prior.
  • Invested Capital hit $3.2 billion in Q4 2025 for Terawulf, up from $247.6 million in the prior quarter.
  • Over the last five years, Invested Capital for WULF hit a ceiling of $3.2 billion in Q4 2025 and a floor of $11.0 million in Q2 2021.
  • Historically, Invested Capital has averaged $359.8 million across 5 years, with a median of $218.2 million in 2021.
  • Biggest five-year swings in Invested Capital: surged 1399.24% in 2021 and later tumbled 61.92% in 2025.
  • Tracing WULF's Invested Capital over 5 years: stood at $217.8 million in 2021, then rose by 11.41% to $242.7 million in 2022, then soared by 42.59% to $346.0 million in 2023, then fell by 29.35% to $244.4 million in 2024, then soared by 1225.04% to $3.2 billion in 2025.
  • Business Quant data shows Invested Capital for WULF at $3.2 billion in Q4 2025, $247.6 million in Q3 2025, and $174.6 million in Q2 2025.