CoreWeave Income 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	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Revenue	7,590	5,131	1,915	229	15.83
Revenue Growth	115.32%	167.94%	736.25%	1346.62%	-
Cost of Revenue	2,473	1,453	493	69	12.12
Gross Profit	5,117	3,678	1,422	160	3.71
Selling, General & Admin	841	766	137	43	8.48
Research & Development	4,478	2,929	961	131	18.11
Operating Expenses	5,319	3,695	1,098	174	26.59
Operating Income	-202	-17	324	-14	-22.88
Interest Expense	-1,874	-1,229	-361	-28	-9.44
Interest & Investment Income	48	28	15	-	-
Currency Exchange Gain (Loss)	-159	-60	-	-	-
Other Non Operating Income (Expenses)	290	90	-710	-516	-2.69
EBT Excluding Unusual Items	-1,897	-1,188	-732	-558	-35.02
Merger & Restructuring Charges	-29	-29	-	-	-
Gain (Loss) on Sale of Investments	21	21	-	-	-
Other Unusual Items	-19	-19	-12	-	-
Pretax Income	-1,924	-1,215	-744	-558	-35.02
Income Tax Expense	4	-48	119	36	-4.15
Earnings From Continuing Operations	-1,928	-1,167	-863	-594	-30.87
Earnings From Discontinued Operations	-	-	-	-	-0.19
Net Income	-1,928	-1,167	-863	-594	-31.06
Preferred Dividends & Other Adjustments	-	29	74	-	-
Net Income to Common	-1,928	-1,196	-937	-594	-31.06
Net Income Growth	-	-	-	-	-
Shares Outstanding (Basic)	521	435	218	192	181
Shares Outstanding (Diluted)	521	436	218	192	181
Shares Change	75.59%	100.00%	13.54%	6.29%	-
EPS (Basic)	-3.70	-2.75	-4.30	-3.09	-0.17
EPS (Diluted)	-3.70	-2.81	-4.30	-3.09	-0.17
EPS Growth	-	-	-	-	-

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Free Cash Flow	-13,655	-7,251	-5,953	-1,110	-71.49
Free Cash Flow Per Share	-26.21	-16.63	-27.31	-5.78	-0.40
Gross Margin	67.42%	71.68%	74.26%	69.87%	23.42%
Operating Margin	-2.66%	-0.33%	16.92%	-6.11%	-144.54%
Profit Margin	-25.40%	-23.31%	-48.93%	-259.39%	-196.18%
Free Cash Flow Margin	-179.91%	-141.32%	-310.86%	-484.72%	-451.64%
EBITDA	3,789	2,437	1,187	89	-11.19
EBITDA Margin	49.92%	47.50%	61.98%	38.87%	-70.66%
D&A For EBITDA	3,991	2,454	863	103	11.7
EBIT	-202	-17	324	-14	-22.88
EBIT Margin	-2.66%	-0.33%	16.92%	-6.11%	-144.54%
Advertising Expenses	-	27	-	-	-

SEC Filings: 10-K · 10-Q