CoreWeave (CRWV) Income Statement

CoreWeave reported revenue of $5.13B in fiscal 2025 (fiscal year ended Dec 31, 2025), up 167.9% from $1.92B a year earlier. CoreWeave posted a net loss of $1.20B, compared with a net loss of $863.00M a year earlier. Gross margin was 71.7% and operating margin -0.9%. In the most recent quarter, Q2 fiscal 2026 (ended Jun 30, 2026), revenue was $2.58B, up 112.5% from the same quarter a year earlier.

CoreWeave Income Statement Analysis

Values in billions USD

Income Statement Balance Sheet Cash Flow Ratios

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CoreWeave, Inc. income statement - Annual data in billions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022
Revenue & Gross Profit
Revenue	5.13	1.92	0.23	0.02
Cost of Revenue	1.45	0.49	0.07	0.01
Gross Profit	3.68	1.42	0.16	0.00
Operating Expenses
Research & Development	2.93	0.00	0.13	0.02
Selling, General & Administrative	0.77	0.14	0.04	0.01
Operating Expenses	3.72	1.10	0.17	0.03
Operating Income	-0.05	0.32	-0.01	-0.02
Other Income/Expense
Interest Income	0.00	0.00	0.00	-
Interest Expense	1.23	0.36	-0.03	-0.01
Other Income/Expense	-1.17	-0.71	-0.54	-0.01
Income
Income Before Tax	-1.22	-0.74	-0.56	-0.04
Income Tax Expense	-0.05	0.12	0.04	0.00
Net Income	-1.20	-0.86	-0.59	-0.03
Net Income - Continuous Operations	-1.17	-0.86	-0.59	-0.03
Net Income - Discontinued Operations	-	-	-	0.00
EBITDA	2.44	0.48	0.09	-0.01
EBIT	-0.02	-0.38	-0.01	-0.02
Depreciation & Amortization	2.45	0.86	0.10	0.01
Earnings Per Share
Basic EPS	-3.00	-2.00	-3.00	-
Diluted EPS	-3.00	-2.00	-3.00	-
Basic Shares Outstanding	0.44	0.46	0.19	0.18
Diluted Shares Outstanding	0.44	0.46	0.19	0.18

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About CoreWeave Financial Statements

What was CoreWeave's revenue in fiscal 2025?

CoreWeave reported revenue of $5.13B in fiscal 2025 (fiscal year ended Dec 31, 2025). That was up 167.9% from $1.92B a year earlier.

Is CoreWeave profitable?

No. CoreWeave reported a net loss of $1.20B in fiscal 2025. In fiscal 2024 it lost $863.00M.

What is CoreWeave's operating margin?

CoreWeave's operating income was −$46.00M on revenue of $5.13B in fiscal 2025, an operating margin of -0.9%, compared with 16.9% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition