CoreWeave Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Quarter	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q4 2023	Q4 2023
Period Ending	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	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Revenue	5,131	4,307	3,526	2,708	1,915	229	15.83
Revenue Growth (YoY)	167.88%	1780.58%	22172.84%	-	-	-	-
Cost of Revenue	1,453	1,126	900.35	696.52	493.35	69	12.12
Gross Profit	3,678	3,180	2,625	2,012	1,422	160	3.71
Selling, General & Admin	3,724	3,024	2,404	1,732	1,098	174	26.59
Total Operating Expenses	3,724	3,024	2,404	1,732	1,098	174	26.59
Operating Income	-46	156.26	221.53	280.04	324.36	-14	-22.88
Interest Expense	-1,229	-990.38	-784.2	-584	-360.82	-28	-9.44
Other Non-Operating Income (Expense)	6.16	2.97	332.45	654.06	789.99	-516	-2.69
Total Non-Operating Income (Expense)	-1,223	-987.41	-451.76	70.06	429.17	-544	-12.14
Pretax Income	-1,215	-806.61	-887.95	-928.09	-773.33	-558	-35.02
Provision for Income Taxes	-48	10.96	179.3	171.68	141.04	36	-4.15
Net Income	-2,419	-1,675	-2,233	-2,329	-1,874	-1,188	-31.06
Earnings From Discontinued Operations	-	-	-	-	-	-	-0.19
Net Income to Common	-2,419	-1,675	-2,233	-2,329	-1,874	-1,188	-31.06
Shares Outstanding (Basic)	434	367	296	227	218	192	181
Shares Outstanding (Diluted)	435	368	297	228	218	192	181
Shares Change (YoY)	99.59%	91.77%	64.52%	-	-	-	-
EPS (Basic)	-3.11	-2.56	-4.16	-5.18	-4.40	-3.09	-0.17
EPS (Diluted)	-3.20	-2.65	-4.25	-5.27	-4.40	-3.09	-0.17
Shares Outstanding	502	497.59	458.18	465.41	233	203.52	0.18
Free Cash Flow	-7,251	-8,061	-7,936	-7,596	-5,953	-1,110	-71.49
Free Cash Flow Per Share	-16.67	-21.89	-26.70	-33.33	-27.32	-5.78	-0.40
Gross Margin	71.68%	73.85%	74.46%	74.28%	74.24%	69.87%	23.42%
Operating Margin	-0.90%	3.63%	6.28%	10.34%	16.93%	-6.11%	-144.54%
Profit Margin	-22.74%	-18.98%	-30.27%	-40.61%	-47.74%	-259.39%	-194.98%
FCF Margin	-141.32%	-187.19%	-225.07%	-280.47%	-310.79%	-484.72%	-451.64%
EBITDA	2,408	2,155	1,844	1,507	1,187	89	-11.19
EBITDA Margin	46.93%	50.03%	52.29%	55.64%	61.99%	38.86%	-70.66%
EBIT	-46	156.26	221.53	280.04	324.36	-14	-22.88
EBIT Margin	-0.90%	3.63%	6.28%	10.34%	16.93%	-6.11%	-144.54%
Effective Tax Rate	3.95%	-1.36%	-20.19%	-18.50%	-18.24%	-6.45%	11.85%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q