Terawulf shares outstanding WULF
Diluted shares outstanding, averaged over each quarter, from 2010.
- Latest quarter, to Jun 30, 2026
- 485.7M
- On a year earlier
- +25.5%
- more shares
Terawulf had 485.7M diluted shares outstanding on average in Q2 FY26, the quarter to Jun 30, 2026.
That is 25.5% more than a year earlier, so each share owns a little less of the company.
Shares outstanding over time
Fiscal year by fiscal year
| Fiscal year | Shares, fourth quarter | Change |
|---|---|---|
| FY2025 | 418.4M | +7% |
| FY2024 | 391M | +62% |
| FY2023 | 241.7M | +87% |
| FY2022 | 129.2M | +6436% |
| FY2020 | 2M | +0% |
| FY2019 | 2M | −0% |
| FY2018 | 2M | −0% |
| FY2017 | 2M | −1% |
| FY2016 | 2M | +0% |
| FY2015 | 2M | −0% |
| FY2014 | 2M | +0% |
| FY2013 | 2M | +1% |
| FY2012 | 2M | +0% |
| FY2011 | 2M | +1% |
| FY2010 | 2M | n/a |
Each fiscal year is the twelve months to its fourth quarter, shown as the fourth quarter's average share count.
Quarter by quarter
| Quarter | Ended | Shares outstanding | On a year earlier |
|---|---|---|---|
| Q2 FY26 | 485.7M | +26% | |
| Q1 FY26 | 423M | +10% | |
| Q4 FY25 | 418.4M | +7% | |
| Q3 FY25 | 401.6M | +5% | |
| Q2 FY25 | 386.9M | +14% | |
| Q1 FY25 | 383.1M | +32% | |
| Q4 FY24 | 391M | +62% | |
| Q3 FY24 | 382.1M | +72% | |
| Q2 FY24 | 340.7M | +62% | |
| Q1 FY24 | 290.6M | +76% | |
| Q4 FY23 | 241.7M | +87% | |
| Q3 FY23 | 221.7M | +104% |
What the shares outstanding tells you
Diluted shares outstanding, averaged over the period. Fewer shares means each one owns more of the company.
A falling count usually means buybacks. A rising one means stock pay, acquisitions paid in shares or new shares sold.
More on Terawulf
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.