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	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Revenue	4,307	1,915	228.94	15.83
Revenue Growth (YoY)	235.40%	736.64%	1346.26%	-
Cost of Revenue	1,126	493.35	68.78	12.12
Gross Profit	3,180	1,422	160.16	3.71
Selling, General & Admin	617.02	137.03	42.76	8.48
Research & Development	2,378	960.69	131.86	18.11
Operating Expenses	2,995	1,098	174.61	26.59
Operating Income	185.26	324.36	-14.45	-22.88
Interest Expense	-990.38	-360.82	-28.4	-9.44
Interest & Investment Income	63	45	-	-
Other Non Operating Income (Expenses)	38.54	-741.74	-515.19	-2.69
EBT Excluding Unusual Items	-754.48	-733.2	-558.05	-35.02
Other Unusual Items	-17	-11	-	-
Pretax Income	-777.48	-744.2	-558.05	-35.02
Income Tax Expense	-10.83	119.25	35.7	-4.15
Earnings From Continuing Operations	-766.65	-863.45	-593.75	-30.87
Earnings From Discontinued Operations	-	-	-	-0.19
Net Income	-766.65	-863.45	-593.75	-31.06
Preferred Dividends & Other Adjustments	58.08	74.32	-	-
Net Income to Common	-824.73	-937.77	-593.75	-31.06
Shares Outstanding (Basic)	368	218	192	181
Shares Outstanding (Diluted)	368	218	192	181
Shares Change (YoY)	77.22%	13.37%	6.38%	-
EPS (Basic)	-2.24	-4.30	-3.09	-0.17
EPS (Diluted)	-2.32	-4.30	-3.09	-0.17
Free Cash Flow	-8,061	-5,953	-1,110	-71.49
Free Cash Flow Per Share	-21.91	-27.32	-5.78	-0.40
Gross Margin	73.85%	74.24%	69.96%	23.42%
Operating Margin	4.30%	16.93%	-6.31%	-144.54%
Profit Margin	-19.15%	-48.96%	-259.34%	-196.18%
Free Cash Flow Margin	-187.19%	-310.79%	-485.05%	-451.64%
EBITDA	2,184	1,188	88.76	-11.19
EBITDA Margin	50.72%	62.01%	38.77%	-70.66%
D&A For EBITDA	1,999	863.41	103.21	11.7
EBIT	185.26	324.36	-14.45	-22.88
EBIT Margin	4.30%	16.93%	-6.31%	-144.54%

Updated Nov 10, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q