Terawulf (WULF) Revenue (2010 - 2026)
Terawulf's (WULF) quarterly Revenue came in at $44.8 million in Q2 2026, down 6.02% year-over-year from $47.6 million in Q2 2025, and up 31.62% quarter-over-quarter from $34.0 million in Q1 2026.
Analysis
Terawulf (WULF) Revenue (2010 - 2026) Analysis & Trends
Terawulf has disclosed Revenue across 17 years of filings, most recently posting $44.8 million for Q2 2026.
- In Q2 2026, Revenue fell 6.02% year-over-year to $44.8 million; the TTM figure through Jun 2026 stood at $165.2 million (up 4.14% YoY), while the FY2025 annual figure was $168.5 million, up 20.28% from the prior year.
- Revenue came in at $44.8 million for Q2 2026 at Terawulf, up from $34.0 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.
- Average Revenue over 5 years is $27.0 million, with a median of $30.5 million recorded in 2024.
- Year-over-year, Revenue slumped 92.94% in 2022 and soared 5214.75% in 2023.
- Over 5 years, 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 27.63% to $35.8 million in 2025, then rose by 24.92% to $44.8 million in 2026.
- Per Business Quant data, the three most recent Revenue figures were $44.8 million in Q2 2026, $34.0 million in Q1 2026, and $35.8 million in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Revenue (Qtr) |
|---|---|---|---|---|---|
| 1 | Equinix | 100.35 Bn | 98.13 Bn | 1.40 Bn | 2.63 Bn |
| 2 | Terawulf | 7.45 Bn | 4.69 Bn | 32.37 Mn | 44.77 Mn |
| 3 | Cipher Digital | 6.82 Bn | 2.80 Bn | 9.79 Mn | 24.84 Mn |
| 4 | Applied Digital | 6.71 Bn | 2.74 Bn | 97.29 Mn | 258.75 Mn |
| 5 | GDS Holdings | 5.78 Bn | 3.59 Bn | 97.89 Mn | 455.11 Mn |
| 6 | Core Scientific | 5.48 Bn | 3.54 Bn | 70.04 Mn | 164.20 Mn |
| 7 | Vnet | 1.63 Bn | 636.30 Mn | 74.45 Mn | 409.54 Mn |
| 8 | Sify Technologies | 1.44 Bn | 1.44 Bn | 51.65 Mn | 130.47 Mn |
| 9 | WhiteFiber | 666.74 Mn | 606.37 Mn | 18.88 Mn | 28.84 Mn |
| 10 | Vulcan Infrastructure & Power | 432.00 Mn | 428.80 Mn | -1.25 Mn | 3.39 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 44.77 Mn |
| Mar 31, 2026 | 34.01 Mn |
| Dec 31, 2025 | 35.84 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 |