Terawulf (WULF) Operating Expenses (2010 - 2026)

Terawulf has reported Operating Expenses for 17 years, with the latest figure at $196.2 million in Q1 2026.

• Quarterly Operating Expenses rose 108.6% year-over-year to $196.2 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $456.8 million (up 44.12% YoY) and the FY2025 annual result came in at $354.7 million, up 64.0% from the prior year.
• Operating Expenses grew to $196.2 million in Q1 2026 per WULF's latest filing, from $122.2 million in the prior quarter.
• Over five years, Operating Expenses peaked at $196.2 million in Q1 2026 and troughed at $261000.0 in Q3 2022.
• A 5-year average of $55.1 million and a median of $42.3 million in 2024 frame the typical range for Operating Expenses.
• The widest YoY moves for Operating Expenses: up 27552.88% in 2022, down 95.67% in 2022.
• Over 5 years, Operating Expenses stood at $28.8 million in 2022, then retreated by 2.81% to $28.0 million in 2023, then jumped by 393.03% to $137.8 million in 2024, then fell by 11.35% to $122.2 million in 2025, then soared by 60.57% to $196.2 million in 2026.
• According to Business Quant data, Operating Expenses over the past three periods registered $196.2 million, $122.2 million, and $75.2 million for Q1 2026, Q4 2025, and Q3 2025 respectively.