Terawulf (WULF) Operating Leases (2021 - 2026)
Terawulf's (WULF) quarterly Operating Leases came in at $23.3 million in Q2 2026, up 96.46% year-over-year from $11.9 million in Q2 2025, and down 2.11% quarter-over-quarter from $23.8 million in Q1 2026.
Analysis
Terawulf (WULF) Operating Leases (2021 - 2026) Analysis & Trends
Terawulf has disclosed Operating Leases across 6 years of filings, most recently posting $23.3 million for Q2 2026.
- In Q2 2026, Operating Leases rose 96.46% year-over-year to $23.3 million; the TTM figure through Jun 2026 stood at $23.3 million (up 96.46% YoY), while the FY2025 annual figure was $22.3 million, up 550.98% from the prior year.
- Operating Leases came in at $23.3 million for Q2 2026 at Terawulf, down from $23.8 million in the prior quarter.
- In the past five years, Operating Leases ranged from a high of $24.8 million in Q3 2025 to a low of $899000.0 in Q4 2023.
- Average Operating Leases over 5 years is $7.2 million, with a median of $958000.0 recorded in 2022.
- Year-over-year, Operating Leases slipped 5.07% in 2023 and surged 2619.96% in 2025.
- Over 5 years, 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 climbed by 4.54% to $23.3 million in 2026.
- Per Business Quant data, the three most recent Operating Leases figures were $23.3 million in Q2 2026, $23.8 million in Q1 2026, and $22.3 million in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Equinix | 100.35 Bn | 98.13 Bn | 1.40 Bn |
| 2 | Terawulf | 7.45 Bn | 4.69 Bn | 32.37 Mn |
| 3 | Cipher Digital | 6.82 Bn | 2.80 Bn | 9.79 Mn |
| 4 | Applied Digital | 6.71 Bn | 2.74 Bn | 97.29 Mn |
| 5 | GDS Holdings | 5.78 Bn | 3.59 Bn | 97.89 Mn |
| 6 | Core Scientific | 5.48 Bn | 3.54 Bn | 70.04 Mn |
| 7 | Vnet | 1.63 Bn | 636.30 Mn | 74.45 Mn |
| 8 | Sify Technologies | 1.44 Bn | 1.44 Bn | 51.65 Mn |
| 9 | WhiteFiber | 666.74 Mn | 606.37 Mn | 18.88 Mn |
| 10 | Vulcan Infrastructure & Power | 432.00 Mn | 428.80 Mn | -1.25 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 23.32 Mn |
| Mar 31, 2026 | 23.83 Mn |
| Dec 31, 2025 | 22.31 Mn |
| Sep 30, 2025 | 24.81 Mn |
| Jun 30, 2025 | 11.87 Mn |
| Mar 31, 2025 | 3.45 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 | 958,000.00 |
| 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 |