Terawulf (WULF) Operating Leases (2021 - 2026)

Terawulf's (WULF) quarterly Operating Leases came in at $23.8 million in Q1 2026, up 596.64% year-on-year from $3.4 million in Q1 2025, and up 6.8% quarter-over-quarter from $22.3 million in Q4 2025.

Terawulf (WULF) Operating Leases (2021 - 2026) Analysis & Trends

Terawulf has disclosed Operating Leases across 6 years of filings, most recently posting $23.8 million for Q1 2026.

  • Operating Leases for Q1 2026 came in at $23.8 million, up 596.64% year-over-year; the trailing twelve-month figure through Mar 2026 was $23.8 million (up 596.64% YoY), and the FY2025 annual result was $22.3 million, up 550.98% from the prior year.
  • Operating Leases came in at $23.8 million for Q1 2026 at Terawulf, up from $22.3 million in the prior quarter.
  • In the past five years, Operating Leases ranged from a high of $23.8 million in Q1 2026 to a low of $899000.0 in Q4 2023.
  • The 5-year median for Operating Leases is $952500.0 (2022), against an average of $6.1 million.
  • Across the five-year window, Operating Leases decreased 5.07% in 2023 and surged 2401.43% in 2025, its largest moves.
  • Terawulf's Operating Leases stood at $947000.0 in 2022, then dropped by 5.07% to $899000.0 in 2023, then jumped by 281.2% to $3.4 million in 2024, then soared by 550.98% to $22.3 million in 2025, then gained by 6.8% to $23.8 million in 2026.
  • The last three Operating Leases figures came in at $23.8 million (Q1 2026), $22.3 million (Q4 2025), and $22.8 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr)
1 SOL Strategies 96,012.83 Bn 96,012.83 Bn -
2 Morgan Stanley 328.23 Bn 194.70 Bn -
3 Goldman Sachs 313.22 Bn -624.33 Bn -
4 Schwab Charles 154.90 Bn 109.92 Bn -
5 Robinhood Markets 75.17 Bn 70.53 Bn 960.00 Mn
6 Interactive Brokers 38.41 Bn 49.00 Bn -
7 LPL Financial Holdings 23.13 Bn 22.10 Bn -
8 Tradeweb Markets 21.12 Bn 19.87 Bn -
9 Circle Internet 19.75 Bn 18.24 Bn 35.01 Mn
10 Terawulf 2.04 Bn -780.52 Mn 31.65 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 23.83 Mn
Dec 31, 2025 22.31 Mn
Sep 30, 2025 22.81 Mn
Jun 30, 2025 11.87 Mn
Mar 31, 2025 3.42 Mn
Dec 31, 2024 3.43 Mn
Sep 30, 2024 912,000.00
Jun 30, 2024 924,000.00
Mar 31, 2024 935,000.00
Dec 31, 2023 899,000.00
Sep 30, 2023 912,000.00
Jun 30, 2023 924,000.00
Mar 31, 2023 936,000.00
Dec 31, 2022 947,000.00
Sep 30, 2022 958,000.00
Mar 31, 2022 969,000.00
Dec 31, 2021 992,000.00