Terawulf (WULF) Invested Capital (2010 - 2026)

Terawulf (WULF) posted Invested Capital of -$78.5 million for Q1 2026, down 102.42% sequentially from $3.2 billion in Q4 2025, and down 145.99% YoY from $170.7 million in Q1 2025.

Terawulf (WULF) Invested Capital (2010 - 2026) Analysis & Trends

Terawulf (WULF) has 17 years of Invested Capital data on file, last reported at -$78.5 million in Q1 2026.

  • Quarterly Invested Capital fell 145.99% year-over-year to -$78.5 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was -$78.5 million (down 145.99% YoY) and the FY2025 annual result came in at $3.2 billion, up 1225.04% from the prior year.
  • Invested Capital fell to -$78.5 million in Q1 2026 per WULF's latest filing, from $3.2 billion in the prior quarter.
  • The five-year high for Invested Capital was $3.2 billion in Q4 2025, with the low at -$78.5 million in Q1 2026.
  • Average Invested Capital over 5 years is $404.2 million, with a median of $242.7 million recorded in 2022.
  • Year-over-year, Invested Capital surged 1225.04% in 2025 and tumbled 145.99% in 2026.
  • Terawulf's Invested Capital stood at $242.7 million in 2022, then surged by 42.59% to $346.0 million in 2023, then decreased by 29.35% to $244.4 million in 2024, then surged by 1225.04% to $3.2 billion in 2025, then plunged by 102.42% to -$78.5 million in 2026.
  • Business Quant data shows WULF's Invested Capital at -$78.5 million in Q1 2026, $3.2 billion in Q4 2025, and $247.6 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Invested Cap. (Qtr)
1 Morgan Stanley 330.70 Bn 197.17 Bn - 486.95 Bn
2 Goldman Sachs 309.79 Bn -627.76 Bn - 122.78 Bn
3 Schwab Charles 167.21 Bn 122.24 Bn - 49.23 Bn
4 Futu Holdings 111.36 Bn 109.19 Bn 733.58 Mn 6.75 Bn
5 Robinhood Markets 97.69 Bn 93.05 Bn 960.00 Mn 9.69 Bn
6 LPL Financial Holdings 23.49 Bn 22.47 Bn - 12.87 Bn
7 Tradeweb Markets 21.59 Bn 20.34 Bn - 7.31 Bn
8 Circle Internet 15.14 Bn 13.62 Bn 35.01 Mn 3.43 Bn
9 Iren 14.46 Bn 12.24 Bn 144.76 Mn 2.94 Bn
10 Terawulf 9.97 Bn 7.15 Bn 31.65 Mn -78.48 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 -78.48 Mn
Dec 31, 2025 3.24 Bn
Sep 30, 2025 247.63 Mn
Jun 30, 2025 174.62 Mn
Mar 31, 2025 170.67 Mn
Dec 31, 2024 244.45 Mn
Sep 30, 2024 372.63 Mn
Jun 30, 2024 458.58 Mn
Mar 31, 2024 371.75 Mn
Dec 31, 2023 346.01 Mn
Sep 30, 2023 278.86 Mn
Jun 30, 2023 171.35 Mn
Mar 31, 2023 153.31 Mn
Dec 31, 2022 242.66 Mn
Sep 30, 2022 124.32 Mn
Jun 30, 2022 135.26 Mn
Mar 31, 2022 218.67 Mn
Dec 31, 2021 217.81 Mn
Sep 30, 2021 17.64 Mn
Jun 30, 2021 10.95 Mn