CoreWeave Cash Flow Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Net Income	-1,592	-1,167	-863	-594	-31.06
Depreciation & Amortization	3,158	2,454	863	103	11.7
Stock-Based Compensation	599	630	31	15	1.49
Other Adjustments	752	509	1,038	609	5.42
Change in Receivables	-1,068	-2,749	-280	-162	-1.89
Changes in Accounts Payable	1,151	253	511	27	1.4
Changes in Unearned Revenue	4,765	4,174	2,049	1,986	9.35
Changes in Other Operating Activities	-1,064	-1,046	-602	-149	-0.85
Operating Cash Flow	5,981	3,058	2,749	1,833	0.91
Operating Cash Flow Growth	675.78%	11.24%	49.97%	201328.57%	-
Capital Expenditures	-16,597	-10,309	-8,702	-2,943	-72.4
Purchases of Investments	-47.25	-47	-34	-172	-
Proceeds from Sale of Investments	254	297	188	6	7
Payments for Business Acquisitions	-108	-108	-	-	-
Other Investing Activities	-74	-104	-110	-39	-14.85
Investing Cash Flow	-16,546	-10,271	-8,658	-3,148	-79.18
Long-Term Debt Issued	6,778	11,829	7,018	1,404	90
Long-Term Debt Repaid	-4,463	-3,399	-589	-2	-3.06
Net Long-Term Debt Issued (Repaid)	2,315	8,430	6,429	1,402	86.95
Issuance of Common Stock	2,138	1,511	3	17	-
Repurchase of Common Stock	-128	-144	-	-	-
Net Common Stock Issued (Repurchased)	2,010	1,367	3	17	-
Issuance of Preferred Stock	-	-	1,172	421	-
Net Preferred Stock Issued (Repurchased)	-	-	1,172	421	-
Preferred Share Dividends Paid	-3	-29	-58	-	-
Other Financing Activities	-178.01	-460	-82	-52	-5.49
Financing Cash Flow	11,368	9,308	7,464	1,788	81.45
Net Cash Flow	803	2,095	1,555	473	3.18
Free Cash Flow	-10,616	-7,251	-5,953	-1,110	-71.49
FCF Margin	-170.47%	-141.32%	-310.86%	-484.72%	-451.64%
Free Cash Flow Per Share	-21.05	-16.63	-27.31	-5.78	-0.40
Levered Free Cash Flow	-8,604	2,760	-389	-168	5.09
Unlevered Free Cash Flow	-8,711	-4,518	-5,505	-990.9	-70.97

SEC Filings: 10-K · 10-Q