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
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