Terawulf (WULF) Shares Outstanding (Diluted Average) (2010 - 2026)

Terawulf's (WULF) quarterly Shares Outstanding (Diluted Average) came in at $423.0 million in Q1 2026, up 10.4% year-on-year from $383.1 million in Q1 2025, and up 6.39% quarter-over-quarter from $397.6 million in Q4 2025.

Terawulf (WULF) Shares Outstanding (Diluted Average) (2010 - 2026) Analysis & Trends

Terawulf has disclosed Shares Outstanding (Diluted Average) across 13 years of filings, most recently posting $423.0 million for Q1 2026.

  • Shares Outstanding (Diluted Average) for Q1 2026 came in at $423.0 million, up 10.4% year-over-year; the trailing twelve-month figure through Mar 2026 was $423.0 million (up 10.4% YoY), and the FY2025 annual result was $397.6 million, up 13.18% from the prior year.
  • Shares Outstanding (Diluted Average) came in at $423.0 million for Q1 2026 at Terawulf, up from $397.6 million in the prior quarter.
  • In the past five years, Shares Outstanding (Diluted Average) ranged from a high of $423.0 million in Q1 2026 to a low of $100.1 million in Q1 2022.
  • The 5-year median for Shares Outstanding (Diluted Average) is $290.6 million (2024), against an average of $269.2 million.
  • Across the five-year window, Shares Outstanding (Diluted Average) soared 5165.55% in 2022 and advanced 2.23% in 2025, its largest moves.
  • Terawulf's Shares Outstanding (Diluted Average) stood at $110.6 million in 2022, then surged by 89.77% to $210.0 million in 2023, then jumped by 67.33% to $351.3 million in 2024, then increased by 13.18% to $397.6 million in 2025, then rose by 6.39% to $423.0 million in 2026.
  • The last three Shares Outstanding (Diluted Average) figures came in at $423.0 million (Q1 2026), $397.6 million (Q4 2025), and $390.6 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Shares (Diluted Avg.) (Qtr)
1 SOL Strategies 96,012.83 Bn 96,012.83 Bn - -
2 Morgan Stanley 328.23 Bn 194.70 Bn - 1.58 Bn
3 Goldman Sachs 313.22 Bn -624.33 Bn - 308.00 Mn
4 Schwab Charles 154.90 Bn 109.92 Bn - 1.75 Bn
5 Robinhood Markets 75.17 Bn 70.53 Bn 960.00 Mn 915.04 Mn
6 Interactive Brokers 38.41 Bn 49.00 Bn - -
7 LPL Financial Holdings 23.13 Bn 22.10 Bn - 80.45 Mn
8 Tradeweb Markets 21.12 Bn 19.87 Bn - 213.32 Mn
9 Circle Internet 19.75 Bn 18.24 Bn 35.01 Mn 266.69 Mn
10 Terawulf 2.04 Bn -780.52 Mn 31.65 Mn 423.00 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 423.00 Mn
Dec 31, 2025 397.61 Mn
Sep 30, 2025 390.60 Mn
Jun 30, 2025 386.90 Mn
Mar 31, 2025 383.15 Mn
Dec 31, 2024 351.32 Mn
Sep 30, 2024 382.09 Mn
Jun 30, 2024 340.66 Mn
Mar 31, 2024 290.60 Mn
Dec 31, 2023 209.96 Mn
Sep 30, 2023 221.72 Mn
Jun 30, 2023 210.42 Mn
Mar 31, 2023 165.02 Mn
Dec 31, 2022 110.64 Mn
Sep 30, 2022 108.84 Mn
Jun 30, 2022 104.12 Mn
Mar 31, 2022 100.12 Mn
Dec 31, 2021 85.20 Mn
Sep 30, 2021 89.33 Mn
Jun 30, 2021 1.98 Mn