CoreWeave Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Quarter	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q4 2023	Q4 2022
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Sep '25 Sep 30, 2025	Jun '25 Jun 30, 2025	Mar '25 Mar 31, 2025	Dec '24 Dec 31, 2024	Sep '24 Sep 30, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Revenue	6,227	5,131	4,307	3,526	2,709	1,915	1,284	229	15.83
Revenue Growth (YoY)	129.90%	167.90%	235.42%	1439.81%	17011.43%	-	-	-	-
Cost of Revenue	1,907	1,453	1,126	899.96	696.13	493.35	346.26	69	12.12
Gross Profit	4,321	3,679	3,181	2,626	2,013	1,422	937.79	160	3.71
Selling, General & Admin	4,483	3,724	3,025	2,404	1,732	1,098	727.47	174	26.59
Total Operating Expenses	4,483	3,724	3,025	2,404	1,732	1,098	727.47	174	26.59
Operating Income	-162.53	-45.53	156.73	222	280.51	324.36	210.32	-14	-22.88
Interest Expense	-1,502	-1,807	-990.55	-784.37	-584.17	-360.82	-227.48	-28	-9.44
Other Non-Operating Income (Expense)	61.14	59.14	55.94	-296.85	-595.7	-707.74	-852.05	-516	-2.69
Total Non-Operating Income (Expense)	-1,052	-782.38	-934.61	-1,081	-1,180	-1,069	-1,080	-544	-12.14
Pretax Income	-1,602	-1,215	-807.01	-888.35	-928.49	-773.33	-869.21	-558	-35.02
Provision for Income Taxes	-10.04	-48.04	10.92	179.26	171.64	141.04	113.69	36	-4.15
Net Income	-2,333	-1,511	-1,139	-1,418	-1,466	-937	-1,028	-594	-31.06
Earnings From Discontinued Operations	-	-	-	-	-	-	-	-	-0.19
Net Income to Common	-2,333	-1,511	-1,139	-1,418	-1,466	-937	-1,028	-594	-31.06
Shares Outstanding (Basic)	504	434	367	296	227	218	209	192	181
Shares Outstanding (Diluted)	504	435	368	297	228	218	209	192	181
Shares Change (YoY)	121.35%	99.56%	76.10%	54.74%	26.15%	-	-	-	-
EPS (Basic)	-3.11	-3.11	-2.56	-4.16	-5.18	-4.40	-4.90	-3.09	-0.17
EPS (Diluted)	-3.11	-3.20	-2.65	-4.25	-5.27	-4.40	-4.90	-3.09	-0.17
Shares Outstanding	532	502	497.59	458.18	465.41	233	203.52	203.52	0.18
Free Cash Flow	-10,616	-7,251	-8,061	-7,936	-7,596	-5,953	-3,778	-1,110	-71.49
Free Cash Flow Per Share	-21.05	-16.67	-21.90	-26.71	-33.34	-27.32	-18.07	-5.78	-0.40
Gross Margin	69.38%	71.69%	73.86%	74.48%	74.30%	74.24%	73.03%	69.87%	23.42%
Operating Margin	-2.61%	-0.89%	3.64%	6.30%	10.36%	16.93%	16.38%	-6.11%	-144.54%
Profit Margin	-25.57%	-22.75%	-18.99%	-30.28%	-40.61%	-47.74%	-76.55%	-259.39%	-194.98%
FCF Margin	-170.47%	-141.31%	-187.17%	-225.05%	-280.43%	-310.79%	-294.21%	-484.72%	-451.64%
EBITDA	2,995	2,408	2,155	1,844	1,507	1,187	761.43	89	-11.19
EBITDA Margin	48.10%	46.94%	50.04%	52.30%	55.63%	61.99%	59.30%	38.86%	-70.66%
EBIT	-162.53	-45.53	156.73	222	280.51	324.36	210.32	-14	-22.88
EBIT Margin	-2.61%	-0.89%	3.64%	6.30%	10.36%	16.93%	16.38%	-6.11%	-144.54%
Effective Tax Rate	0.63%	3.95%	-1.35%	-20.18%	-18.49%	-18.24%	-13.08%	-6.45%	11.85%

Updated May 7, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q