Terawulf (WULF) Invested Capital (2010 - 2026)
Terawulf's (WULF) quarterly Invested Capital came in at -$78.5 million in Q1 2026, down 145.99% year-on-year from $170.7 million in Q1 2025, and down 102.42% quarter-over-quarter from $3.2 billion in Q4 2025.
Terawulf (WULF) Invested Capital (2010 - 2026) Analysis & Trends
Terawulf has disclosed Invested Capital across 17 years of filings, most recently posting -$78.5 million for Q1 2026.
- Invested Capital for Q1 2026 came in at -$78.5 million, down 145.99% year-over-year; the trailing twelve-month figure through Mar 2026 was -$78.5 million (down 145.99% YoY), and the FY2025 annual result was $3.2 billion, up 1225.04% from the prior year.
- Invested Capital came in at -$78.5 million for Q1 2026 at Terawulf, down from $3.2 billion in the prior quarter.
- In the past five years, Invested Capital ranged from a high of $3.2 billion in Q4 2025 to a low of -$78.5 million in Q1 2026.
- The 5-year median for Invested Capital is $242.7 million (2022), against an average of $404.2 million.
- Across the five-year window, Invested Capital jumped 1225.04% in 2025 and sank 145.99% in 2026, its largest moves.
- Terawulf's Invested Capital stood at $242.7 million in 2022, then surged by 42.59% to $346.0 million in 2023, then declined by 29.35% to $244.4 million in 2024, then surged by 1225.04% to $3.2 billion in 2025, then tumbled by 102.42% to -$78.5 million in 2026.
- The last three Invested Capital figures came in at -$78.5 million (Q1 2026), $3.2 billion (Q4 2025), and $247.6 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | SOL Strategies | 96,012.83 Bn | 96,012.83 Bn | - | 1,166.73 Bn |
| 2 | Morgan Stanley | 328.23 Bn | 194.70 Bn | - | 486.95 Bn |
| 3 | Goldman Sachs | 313.22 Bn | -624.33 Bn | - | 122.78 Bn |
| 4 | Schwab Charles | 154.90 Bn | 109.92 Bn | - | 49.23 Bn |
| 5 | Robinhood Markets | 75.17 Bn | 70.53 Bn | 960.00 Mn | 9.69 Bn |
| 6 | Interactive Brokers | 38.41 Bn | 49.00 Bn | - | 5.59 Bn |
| 7 | LPL Financial Holdings | 23.13 Bn | 22.10 Bn | - | 12.87 Bn |
| 8 | Tradeweb Markets | 21.12 Bn | 19.87 Bn | - | 7.31 Bn |
| 9 | Circle Internet | 19.75 Bn | 18.24 Bn | 35.01 Mn | 3.43 Bn |
| 10 | Terawulf | 2.04 Bn | -780.52 Mn | 31.65 Mn | -78.48 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |