Terawulf (WULF) Invested Capital (2016 - 2026)
Terawulf (WULF) posted Invested Capital of $5.36 billion for Q2 2026, up 50.1% from the prior quarter.
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Analysis
Terawulf (WULF) Invested Capital (2016 - 2026) Analysis & Trends
For FY2025, Terawulf's Invested Capital came in at $3.68 billion.
- Annual Invested Capital shows a five-year compound annual growth rate of 202.5% (FY2020 to FY2025).
- In prior years, Terawulf's Invested Capital was $244.45 million in FY2024 (-29.4%), $346.01 million in FY2023 (+42.6%), $242.66 million in FY2022 (+11.4%) and $217.81 million in FY2021.
- The Q2 2026 figure stands as the highest quarterly Invested Capital in data going back to Q2 2016.
- The strongest year-over-year quarter for Invested Capital in the past five years was Q1 2022, with growth of 617.4%; the weakest was Q4 2024, with a decline of 29.4%.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,978.22 Bn | 3,913.71 Bn | 62.56 Bn | 505.99 Bn |
| 2 | International Business Machines | 234.30 Bn | 188.91 Bn | 9.71 Bn | 100.02 Bn |
| 3 | Equinix | 98.75 Bn | 86.64 Bn | 1.31 Bn | 37.17 Bn |
| 4 | Cloudflare | 87.20 Bn | 70.73 Bn | 499.52 Mn | 2.91 Bn |
| 5 | Nebius | 29.33 Bn | 2.76 Bn | 448.70 Mn | 18.89 Bn |
| 6 | Verisign | 28.15 Bn | 25.50 Bn | 393.20 Mn | -498.80 Mn |
| 7 | CoreWeave | 24.27 Bn | 11.36 Bn | 1.70 Bn | 8.69 Bn |
| 8 | Nutanix | 15.78 Bn | 7.47 Bn | 651.35 Mn | - |
| 9 | GoDaddy | 15.07 Bn | 10.45 Bn | 843.00 Mn | 3.63 Bn |
| 10 | Terawulf | 4.95 Bn | -4.28 Bn | 32.37 Mn | 5.36 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 5.36 Bn |
| Mar 31, 2026 | 3.66 Bn |
| Dec 31, 2025 | 3.78 Bn |
| 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 | 253.75 Mn |
| Mar 31, 2023 | 259.72 Mn |
| Dec 31, 2022 | 242.66 Mn |
| Sep 30, 2022 | 237.97 Mn |
| Mar 31, 2022 | 221.82 Mn |
| Dec 31, 2021 | 217.81 Mn |
| Sep 30, 2021 | 17.64 Mn |
| Jun 30, 2021 | 10.95 Mn |
| Mar 31, 2021 | 30.92 Mn |
| Dec 31, 2020 | 14.53 Mn |
| Sep 30, 2020 | 14.30 Mn |
API Access
Terawulf Invested Capital 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=invested-capital&ticker=WULF&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "invested-capital", "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=invested-capital&ticker=WULF&period=max&api_key=YOUR_API_KEY");
const data = await res.json();