CoreWeave Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Revenue	5,131	1,915	229	15.83
Revenue Growth (YoY)	167.94%	736.25%	1346.62%	-
Cost of Revenue	1,453	493	69	12.12
Gross Profit	3,678	1,422	160	3.71
Selling, General & Admin	3,724	1,098	174	26.59
Total Operating Expenses	3,724	1,098	174	26.59
Operating Income	-46	324	-14	-22.88
Interest Expense	-1,229	-361	-28	-9.44
Other Non-Operating Income (Expense)	60	-707	-516	-2.69
Total Non-Operating Income (Expense)	-1,169	-1,068	-544	-12.14
Pretax Income	-1,215	-744	-558	-35.02
Provision for Income Taxes	-48	119	36	-4.15
Net Income	-2,363	-1,800	-1,188	-31.06
Earnings From Discontinued Operations	-	-	-	-0.19
Net Income to Common	-2,363	-1,800	-1,188	-31.06
Shares Outstanding (Basic)	435	218	192	181
Shares Outstanding (Diluted)	436	218	192	181
Shares Change (YoY)	100.00%	13.54%	6.29%	-
EPS (Basic)	-2.75	-4.30	-3.09	-0.17
EPS (Diluted)	-2.81	-4.30	-3.09	-0.17
Shares Outstanding	502	233	203.52	0.18
Free Cash Flow	-7,251	-5,953	-1,110	-71.49
Free Cash Flow Per Share	-16.63	-27.31	-5.78	-0.40
Gross Margin	71.68%	74.26%	69.87%	23.42%
Operating Margin	-0.90%	16.92%	-6.11%	-144.54%
Profit Margin	-22.74%	-45.07%	-259.39%	-194.98%
FCF Margin	-141.32%	-310.86%	-484.72%	-451.64%
EBITDA	2,408	1,187	89	-11.19
EBITDA Margin	46.93%	61.98%	38.86%	-70.66%
EBIT	-46	324	-14	-22.88
EBIT Margin	-0.90%	16.92%	-6.11%	-144.54%
Effective Tax Rate	3.95%	-15.99%	-6.45%	11.85%

Updated Feb 26, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q