Terawulf (WULF) Other Operating Expenses (2021 - 2026)

Terawulf (WULF) posted Other Operating Expenses of $167.4 million for Q1 2026, up 77.26% sequentially from $94.4 million in Q4 2025, and up 424.92% YoY from $31.9 million in Q1 2025.

Terawulf (WULF) Other Operating Expenses (2021 - 2026) Analysis & Trends

Terawulf (WULF) has 6 years of Other Operating Expenses data on file, last reported at $167.4 million in Q1 2026.

  • Quarterly Other Operating Expenses rose 424.92% year-over-year to $167.4 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $350.6 million (up 51.44% YoY) and the FY2025 annual result came in at $263.7 million, up 68.52% from the prior year.
  • Other Operating Expenses rose to $167.4 million in Q1 2026 per WULF's latest filing, from $94.4 million in the prior quarter.
  • The five-year high for Other Operating Expenses was $167.4 million in Q1 2026, with the low at -$5.5 million in Q1 2022.
  • Average Other Operating Expenses over 5 years is $36.0 million, with a median of $14.7 million recorded in 2023.
  • Year-over-year, Other Operating Expenses sank 105.83% in 2022 and surged 10067.39% in 2024.
  • Terawulf's Other Operating Expenses stood at $442000.0 in 2022, then surged by 192.08% to $1.3 million in 2023, then surged by 10067.39% to $131.3 million in 2024, then fell by 28.06% to $94.4 million in 2025, then soared by 77.26% to $167.4 million in 2026.
  • Business Quant data shows WULF's Other Operating Expenses at $167.4 million in Q1 2026, $94.4 million in Q4 2025, and $48.6 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 167.38 Mn
Dec 31, 2025 94.42 Mn
Sep 30, 2025 48.62 Mn
Jun 30, 2025 40.14 Mn
Mar 31, 2025 31.89 Mn
Dec 31, 2024 131.26 Mn
Sep 30, 2024 40.13 Mn
Jun 30, 2024 28.21 Mn
Dec 31, 2023 1.29 Mn
Sep 30, 2023 697,000.00
Jun 30, 2023 583,000.00
Mar 31, 2023 603,000.00
Dec 31, 2022 442,000.00
Sep 30, 2022 127,000.00
Jun 30, 2022 -3.59 Mn
Mar 31, 2022 -5.51 Mn
Dec 31, 2021 1.90 Mn
Sep 30, 2021 1.94 Mn
Mar 31, 2021 94.50 Mn