Terawulf (WULF) Operating Expenses (2010 - 2026)

Terawulf has disclosed Operating Expenses across 17 years of filings, most recently posting $196.2 million for Q1 2026.

• Operating Expenses for Q1 2026 came in at $196.2 million, up 108.6% year-over-year; the trailing twelve-month figure through Mar 2026 was $456.8 million (up 44.12% YoY), and the FY2025 annual result was $354.7 million, up 64.0% from the prior year.
• Operating Expenses came in at $196.2 million for Q1 2026 at Terawulf, up from $122.2 million in the prior quarter.
• In the past five years, Operating Expenses ranged from a high of $196.2 million in Q1 2026 to a low of $261000.0 in Q3 2022.
• The 5-year median for Operating Expenses is $42.3 million (2024), against an average of $55.1 million.
• Across the five-year window, Operating Expenses plunged 95.67% in 2022 and soared 10874.71% in 2023, its largest moves.
• Terawulf's Operating Expenses stood at $28.8 million in 2022, then declined by 2.81% to $28.0 million in 2023, then surged by 393.03% to $137.8 million in 2024, then dropped by 11.35% to $122.2 million in 2025, then jumped by 60.57% to $196.2 million in 2026.
• The last three Operating Expenses figures came in at $196.2 million (Q1 2026), $122.2 million (Q4 2025), and $75.2 million (Q3 2025), per Business Quant data.