Growth Metrics

Terawulf (WULF) Shares Outstanding (Diluted Average) (2017 - 2025)

Terawulf (WULF) has disclosed Shares Outstanding (Diluted Average) for 12 consecutive years, with $397.6 million as the latest value for Q4 2025.

  • Quarterly Shares Outstanding (Diluted Average) rose 13.18% to $397.6 million in Q4 2025 from the year-ago period, while the trailing twelve-month figure was $397.6 million through Dec 2025, up 13.18% year-over-year, with the annual reading at $397.6 million for FY2025, 13.18% up from the prior year.
  • Shares Outstanding (Diluted Average) hit $397.6 million in Q4 2025 for Terawulf, up from $390.6 million in the prior quarter.
  • In the past five years, Shares Outstanding (Diluted Average) ranged from a high of $397.6 million in Q4 2025 to a low of $58.8 million in Q1 2021.
  • Historically, Shares Outstanding (Diluted Average) has averaged $229.3 million across 5 years, with a median of $210.0 million in 2023.
  • Biggest five-year swings in Shares Outstanding (Diluted Average): soared 2876.16% in 2021 and later grew 2.23% in 2025.
  • Year by year, Shares Outstanding (Diluted Average) stood at $85.2 million in 2021, then grew by 29.86% to $110.6 million in 2022, then skyrocketed by 89.77% to $210.0 million in 2023, then soared by 67.33% to $351.3 million in 2024, then grew by 13.18% to $397.6 million in 2025.
  • Business Quant data shows Shares Outstanding (Diluted Average) for WULF at $397.6 million in Q4 2025, $390.6 million in Q3 2025, and $386.9 million in Q2 2025.