Terawulf (WULF) Operating Expenses (2010 - 2026)

Terawulf has disclosed Operating Expenses across 17 years of filings, most recently posting $185.2 million for Q2 2026.

• In Q2 2026, Operating Expenses rose 192.94% year-over-year to $185.2 million; the TTM figure through Jun 2026 stood at $578.8 million (up 71.32% YoY), while the FY2025 annual figure was $354.7 million, up 64.0% from the prior year.
• Operating Expenses came in at $185.2 million for Q2 2026 at Terawulf, down from $196.2 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 $8.6 million in Q2 2022.
• Average Operating Expenses over 5 years is $63.9 million, with a median of $42.6 million recorded in 2024.
• The largest YoY upside for Operating Expenses was 458.0% in 2022 against a maximum downside of 31.07% in 2022.
• Over 5 years, 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 soared by 51.62% to $185.2 million in 2026.
• Per Business Quant data, the three most recent Operating Expenses figures were $185.2 million in Q2 2026, $196.2 million in Q1 2026, and $122.2 million in Q4 2025.