Growth Metrics

Terawulf (WULF) Operating Expenses (2016 - 2025)

Historic Operating Expenses for Terawulf (WULF) over the last 17 years, with Q3 2025 value amounting to $75.2 million.

  • Terawulf's Operating Expenses rose 7594.11% to $75.2 million in Q3 2025 from the same period last year, while for Sep 2025 it was $318.9 million, marking a year-over-year increase of 10209.11%. This contributed to the annual value of $216.3 million for FY2024, which is 11922.66% up from last year.
  • Latest data reveals that Terawulf reported Operating Expenses of $75.2 million as of Q3 2025, which was up 7594.11% from $63.2 million recorded in Q2 2025.
  • In the past 5 years, Terawulf's Operating Expenses registered a high of $94.0 million during Q1 2025, and its lowest value of $1.7 million during Q1 2021.
  • Moreover, its 5-year median value for Operating Expenses was $28.6 million (2023), whereas its average is $34.2 million.
  • As far as peak fluctuations go, Terawulf's Operating Expenses skyrocketed by 335771.77% in 2021, and later tumbled by 3107.16% in 2022.
  • Terawulf's Operating Expenses (Quarter) stood at $41.7 million in 2021, then tumbled by 31.07% to $28.8 million in 2022, then dropped by 2.81% to $28.0 million in 2023, then soared by 209.14% to $86.4 million in 2024, then decreased by 12.91% to $75.2 million in 2025.
  • Its Operating Expenses stands at $75.2 million for Q3 2025, versus $63.2 million for Q2 2025 and $94.0 million for Q1 2025.