Terawulf (WULF) Operating Leases (2021 - 2026)

Terawulf (WULF) posted Operating Leases of $23.8 million for Q1 2026, up 6.8% sequentially from $22.3 million in Q4 2025, and up 596.64% YoY from $3.4 million in Q1 2025.

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

Terawulf (WULF) has 6 years of Operating Leases data on file, last reported at $23.8 million in Q1 2026.

  • Quarterly Operating Leases rose 596.64% year-over-year to $23.8 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $23.8 million (up 596.64% YoY) and the FY2025 annual result came in at $22.3 million, up 550.98% from the prior year.
  • Operating Leases climbed to $23.8 million in Q1 2026 per WULF's latest filing, from $22.3 million in the prior quarter.
  • The five-year high for Operating Leases was $23.8 million in Q1 2026, with the low at $899000.0 in Q4 2023.
  • Average Operating Leases over 5 years is $6.1 million, with a median of $952500.0 recorded in 2022.
  • Year-over-year, Operating Leases fell 5.07% in 2023 and soared 2401.43% in 2025.
  • Terawulf's Operating Leases stood at $947000.0 in 2022, then retreated 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 grew by 6.8% to $23.8 million in 2026.
  • Business Quant data shows WULF's Operating Leases at $23.8 million in Q1 2026, $22.3 million in Q4 2025, and $22.8 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr)
1 Morgan Stanley 330.70 Bn 197.17 Bn -
2 Goldman Sachs 309.79 Bn -627.76 Bn -
3 Schwab Charles 167.21 Bn 122.24 Bn -
4 Futu Holdings 111.36 Bn 109.19 Bn 733.58 Mn
5 Robinhood Markets 97.69 Bn 93.05 Bn 960.00 Mn
6 LPL Financial Holdings 23.49 Bn 22.47 Bn -
7 Tradeweb Markets 21.59 Bn 20.34 Bn -
8 Circle Internet 15.14 Bn 13.62 Bn 35.01 Mn
9 Iren 14.46 Bn 12.24 Bn 144.76 Mn
10 Terawulf 9.97 Bn 7.15 Bn 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