Terawulf (WULF) Revenue (2010 - 2026)

Terawulf's (WULF) quarterly Revenue came in at $34.0 million in Q1 2026, down 1.14% year-on-year from $34.4 million in Q1 2025, and down 20.97% quarter-over-quarter from $43.0 million in Q4 2025.

Terawulf (WULF) Revenue (2010 - 2026) Analysis & Trends

Terawulf has disclosed Revenue across 17 years of filings, most recently posting $34.0 million for Q1 2026.

  • Revenue for Q1 2026 came in at $34.0 million, down 1.14% year-over-year; the trailing twelve-month figure through Mar 2026 was $175.3 million (up 19.59% YoY), and the FY2025 annual result was $168.5 million, up 20.28% from the prior year.
  • Revenue came in at $34.0 million for Q1 2026 at Terawulf, down from $43.0 million in the prior quarter.
  • In the past five years, Revenue ranged from a high of $50.6 million in Q3 2025 to a low of $217000.0 in Q1 2022.
  • The 5-year median for Revenue is $27.1 million (2024), against an average of $26.4 million.
  • Across the five-year window, Revenue tumbled 92.94% in 2022 and surged 5214.75% in 2023, its largest moves.
  • Terawulf's Revenue stood at $9.6 million in 2022, then surged by 143.39% to $23.3 million in 2023, then surged by 112.67% to $49.5 million in 2024, then dropped by 13.09% to $43.0 million in 2025, then slipped by 20.97% to $34.0 million in 2026.
  • The last three Revenue figures came in at $34.0 million (Q1 2026), $43.0 million (Q4 2025), and $50.6 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Revenue (Qtr)
1 SOL Strategies 100,773.79 Bn 100,773.79 Bn - -
2 Morgan Stanley 331.35 Bn 197.82 Bn - 20.58 Bn
3 Goldman Sachs 317.73 Bn -619.82 Bn - 17.23 Bn
4 Schwab Charles 153.74 Bn 108.77 Bn - 6.48 Bn
5 Robinhood Markets 75.98 Bn 71.34 Bn 960.00 Mn 1.07 Bn
6 Interactive Brokers 38.91 Bn 49.50 Bn - 1.67 Bn
7 LPL Financial Holdings 22.76 Bn 21.73 Bn - 4.94 Bn
8 Tradeweb Markets 20.90 Bn 19.65 Bn - 617.76 Mn
9 Circle Internet 20.00 Bn 18.49 Bn 35.01 Mn 41.63 Mn
10 Terawulf 2.09 Bn -734.82 Mn 31.65 Mn 34.01 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 34.01 Mn
Dec 31, 2025 43.04 Mn
Sep 30, 2025 50.58 Mn
Jun 30, 2025 47.64 Mn
Mar 31, 2025 34.41 Mn
Dec 31, 2024 49.52 Mn
Sep 30, 2024 27.06 Mn
Jun 30, 2024 35.57 Mn
Mar 31, 2024 42.43 Mn
Dec 31, 2023 23.29 Mn
Sep 30, 2023 18.96 Mn
Jun 30, 2023 15.46 Mn
Mar 31, 2023 11.53 Mn
Dec 31, 2022 9.57 Mn
Sep 30, 2022 3.86 Mn
Jun 30, 2022 1.39 Mn
Mar 31, 2022 217,000.00
Sep 30, 2021 4.74 Mn
Jun 30, 2021 4.25 Mn
Mar 31, 2021 3.07 Mn