Terawulf (WULF) Share-based Compensation (2010 - 2026)
Terawulf's (WULF) quarterly Share-based Compensation came in at $83.9 million in Q2 2026, up 6337.04% year-over-year from $1.3 million in Q2 2025, and down 17.23% quarter-over-quarter from $101.4 million in Q1 2026.
Analysis
Terawulf (WULF) Share-based Compensation (2010 - 2026) Analysis & Trends
Terawulf has disclosed Share-based Compensation across 17 years of filings, most recently posting $83.9 million for Q2 2026.
- In Q2 2026, Share-based Compensation rose 6337.04% year-over-year to $83.9 million; the TTM figure through Jun 2026 stood at $196.3 million (up 231.95% YoY), while the FY2025 annual figure was $50.9 million, up 64.61% from the prior year.
- Share-based Compensation came in at $83.9 million for Q2 2026 at Terawulf, down from $101.4 million in the prior quarter.
- In the past five years, Share-based Compensation ranged from a high of $101.4 million in Q1 2026 to a low of $482000.0 in Q2 2022.
- Average Share-based Compensation over 5 years is $17.3 million, with a median of $5.0 million recorded in 2024.
- Year-over-year, Share-based Compensation plunged 73.07% in 2025 and jumped 6337.04% in 2026.
- Over 5 years, Share-based Compensation stood at $518000.0 in 2022, then surged by 254.44% to $1.8 million in 2023, then surged by 671.57% to $14.2 million in 2024, then plunged by 53.51% to $6.6 million in 2025, then surged by 1174.51% to $83.9 million in 2026.
- Per Business Quant data, the three most recent Share-based Compensation figures were $83.9 million in Q2 2026, $101.4 million in Q1 2026, and $6.6 million in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Share-based Compensation (Qtr) |
|---|---|---|---|---|---|
| 1 | Equinix | 100.35 Bn | 98.13 Bn | 1.40 Bn | 145.00 Mn |
| 2 | Terawulf | 7.45 Bn | 4.69 Bn | 32.37 Mn | 83.94 Mn |
| 3 | Cipher Digital | 6.82 Bn | 2.80 Bn | 9.79 Mn | 29.02 Mn |
| 4 | Applied Digital | 6.71 Bn | 2.74 Bn | 97.29 Mn | 125.39 Mn |
| 5 | GDS Holdings | 5.78 Bn | 3.59 Bn | 97.89 Mn | 9.95 Mn |
| 6 | Core Scientific | 5.48 Bn | 3.54 Bn | 70.04 Mn | 18.24 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 | 3.40 Mn |
| 10 | Vulcan Infrastructure & Power | 432.00 Mn | 428.80 Mn | -1.25 Mn | 403,000.00 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 83.94 Mn |
| Mar 31, 2026 | 101.42 Mn |
| Dec 31, 2025 | 6.59 Mn |
| Sep 30, 2025 | 4.35 Mn |
| Jun 30, 2025 | 1.30 Mn |
| Mar 31, 2025 | 38.67 Mn |
| Dec 31, 2024 | 14.17 Mn |
| Sep 30, 2024 | 4.99 Mn |
| Jun 30, 2024 | 4.84 Mn |
| Mar 31, 2024 | 6.93 Mn |
| Dec 31, 2023 | 1.84 Mn |
| Sep 30, 2023 | 1.41 Mn |
| Jun 30, 2023 | 9.37 Mn |
| Mar 31, 2023 | 10.81 Mn |
| Dec 31, 2022 | 518,000.00 |
| Sep 30, 2022 | 1.93 Mn |
| Jun 30, 2022 | 482,000.00 |
| Dec 31, 2021 | 1.40 Mn |
| Sep 30, 2021 | 597,000.00 |
| Jun 30, 2021 | 674,000.00 |