Company / Cost of Revenue
TERAWULF INC. Cost of Revenue History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Cost of Revenue
$82.7M
FY2025
5-year range
$11.1M / $82.7M
FY2021-FY2025
Trend
+32.0%
vs FY2024
Sector context
#29 of 36
Financials
What the data says
TERAWULF INC.'s cost of revenue of $83M is lower than 81% of companies in the Financials sector (FY2025). Cost of Revenue has increased for 4 consecutive years, from $10M in FY2020 to $83M in FY2025.
Based on SEC 10-K filings.
$83M in FY2025 with a 5-year CAGR of +54.1%.
Increased from $27M to $83M over the past 2 years.
Financials sector context is included.
Cost of Revenue over time
Growth rates
- 3-Year CAGR
- +95.4%
- 5-Year CAGR
- +54.1%
- 10-Year CAGR
- -
Sector benchmark
Top 19% in FinancialsTop 19% of 36This company $82.7M Sector average $1.3B
▼
-93.8% below sector average
Key checks
Key Insights
- TERAWULF INC.'s cost of revenue has grown for 3 consecutive years.
- 5-year CAGR of +54.1%, indicating consistent growth.
- In FY2025, cost of revenue increased 32.0% year-over-year.
- Ranks #29 out of 36 companies in the Financials sector.
Company context
Key Data Points
- Low Piotroski F-Score: 1/9 (multiple financial health concerns)
- Altman Z-Score 0.01 (distress zone, below 1.8 threshold)
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Cost of RevenueValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $82.7M | +32.0% |
| FY2024 | $62.6M | +129.2% |
| FY2023 | $27.3M | +146.5% |
| FY2022 | $11.1M | - |
| FY2021 | - | - |
| FY2020 | $9.5M | -22.0% |
| FY2019 | $12.2M | +2.2% |
| FY2018 | $12.0M | +3.9% |
| FY2017 | $11.5M | +1.6% |
| FY2016 | $11.3M | -0.7% |
As of FY2025 · SEC 10-K · Updated Feb 28, 2026