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| Date | Value |
|---|---|
| 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 |