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| Date | Value |
|---|---|
| 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 |