Terawulf (WULF) Share-based Compensation (2010 - 2026)
Terawulf (WULF) posted Share-based Compensation of $83.94 million for Q2 2026, compared with $1.3 million a year earlier and down 17.2% from the prior quarter.
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Analysis
Terawulf (WULF) Share-based Compensation (2010 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Share-based Compensation at Terawulf was $196.29 million, up 231.9% year-over-year; for FY2025, it came in at $50.91 million, up 64.6% from FY2024.
- Annual Share-based Compensation has increased for three consecutive years, with a five-year compound annual growth rate of 371.0% (FY2020 to FY2025).
- In prior years, Terawulf's Share-based Compensation was $30.93 million in FY2024 (+427.9%), $5.86 million in FY2023 (+273.7%) and $1.57 million in FY2022.
- Quarterly Share-based Compensation has run from a low of $72,957 in Q3 2021 to a high of $101.42 million in Q1 2026 over five years.
- On a year-over-year basis, Share-based Compensation increased in five of the last seven quarters, with growth averaging 207.1%.
- The strongest year-over-year quarter for Share-based Compensation in the past five years was Q4 2024, with growth of 812.1%; the weakest was Q2 2025, with a decline of 73.1%.
- According to Business Quant data, Share-based Compensation for the three prior quarters was $101.42 million (Q1 2026), $6.59 million (Q4 2025) and $4.35 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Stock Comp. (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,961.51 Bn | 3,884.67 Bn | 60.48 Bn | 3.12 Bn |
| 2 | International Business Machines | 215.03 Bn | 165.84 Bn | 9.91 Bn | 498.00 Mn |
| 3 | Cloudflare | 114.69 Bn | 98.22 Bn | 499.52 Mn | 159.87 Mn |
| 4 | Equinix | 98.17 Bn | 86.73 Bn | 1.40 Bn | 145.00 Mn |
| 5 | Nebius | 44.92 Bn | 18.35 Bn | 448.70 Mn | 102.50 Mn |
| 6 | CoreWeave | 36.20 Bn | 23.29 Bn | 1.70 Bn | 165.00 Mn |
| 7 | Verisign | 27.35 Bn | 24.56 Bn | 384.60 Mn | 19.40 Mn |
| 8 | Nutanix | 18.78 Bn | 10.46 Bn | 651.35 Mn | 94.53 Mn |
| 9 | GoDaddy | 13.53 Bn | 9.11 Bn | 828.20 Mn | 70.20 Mn |
| 10 | Terawulf | 5.64 Bn | -3.59 Bn | 32.37 Mn | 83.94 Mn |
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 | 16.75 Mn |
| Sep 30, 2024 | 2.41 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 | 1.70 Mn |
| Mar 31, 2023 | 876,000.00 |
| Dec 31, 2022 | 518,000.00 |
| Sep 30, 2022 | 568,000.00 |
| Jun 30, 2022 | 482,000.00 |
| Dec 31, 2021 | 1.40 Mn |
| Sep 30, 2021 | 72,996.00 |
| Jun 30, 2021 | 94,104.00 |
API Access
Terawulf Share-based Compensation API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=share-based-compensation&ticker=WULF&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "share-based-compensation", "ticker": "WULF", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=share-based-compensation&ticker=WULF&period=max&api_key=YOUR_API_KEY");
const data = await res.json();