CoreWeave Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Revenue	3,526	1,915	228.94	15.83
Revenue Growth (YoY)	1440.03%	736.64%	1346.26%	-
Cost of Revenue	900.35	493.35	68.78	12.12
Gross Profit	2,625	1,422	160.16	3.71
Selling, General & Admin	458.68	137.03	42.76	8.48
Research & Development	1,916	960.69	131.86	18.11
Operating Expenses	2,375	1,098	174.61	26.59
Operating Income	250.53	324.36	-14.45	-22.88
Interest Expense	-784.2	-360.82	-28.4	-9.44
Interest & Investment Income	9	45	-	-
Other Non Operating Income (Expenses)	-251.43	-741.74	-515.19	-2.69
EBT Excluding Unusual Items	-818.82	-733.2	-558.05	-35.02
Other Unusual Items	-11	-11	-	-
Pretax Income	-858.82	-744.2	-558.05	-35.02
Income Tax Expense	157.51	119.25	35.7	-4.15
Earnings From Continuing Operations	-1,016	-863.45	-593.75	-30.87
Earnings From Discontinued Operations	-	-	-	-0.19
Net Income	-1,016	-863.45	-593.75	-31.06
Preferred Dividends & Other Adjustments	87.44	74.32	-	-
Net Income to Common	-1,104	-937.77	-593.75	-31.06
Shares Outstanding (Basic)	296	218	192	181
Shares Outstanding (Diluted)	296	218	192	181
Shares Change (YoY)	54.28%	13.37%	6.38%	-
EPS (Basic)	-3.72	-4.30	-3.09	-0.17
EPS (Diluted)	-3.82	-4.30	-3.09	-0.17
Free Cash Flow	-7,935	-5,953	-1,110	-71.49
Free Cash Flow Per Share	-26.77	-27.32	-5.78	-0.40
Gross Margin	74.46%	74.24%	69.96%	23.42%
Operating Margin	7.11%	16.93%	-6.31%	-144.54%
Profit Margin	-31.31%	-48.96%	-259.34%	-196.18%
Free Cash Flow Margin	-225.07%	-310.79%	-485.05%	-451.64%
EBITDA	1,873	1,188	88.76	-11.19
EBITDA Margin	53.12%	62.01%	38.77%	-70.66%
D&A For EBITDA	1,622	863.41	103.21	11.7
EBIT	250.53	324.36	-14.45	-22.88
EBIT Margin	7.11%	16.93%	-6.31%	-144.54%

Source: S&P Global Market Intelligence. Standard template. Financial Sources.