CoreWeave, Inc. financials
Source: EDGAR filings · Built 2026-06-04T02:24:18Z
Key metrics by reporting period
Up to six most-recent periods side-by-side. Rows are the curated key lines — revenue, margins, cash, debt, equity, cash-flow totals, plus the derived and valuation metrics we compute on top. For every tag a filer reported in one period, use the single-filing drilldown below.
Derived Metrics
| Concept | FY 2025 | FY 2025 | FY 2025 |
|---|---|---|---|
| Free Cash Flow | -7.31B | -6.01B | -1.12B |
| EBITDA | 2.41B | 1.19B | 89.00M |
| Working Capital | -8.95B | -3.05B | — |
| Net Debt | 26.70B | 9.26B | — |
| Gross Margin | 71.68% | 74.26% | 69.87% |
| Operating Margin | -0.90% | 16.92% | -6.11% |
| Net Margin | -22.74% | -45.07% | -259.39% |
| Return on Equity (ROE) | -34.99% | 208.45% | 99.50% |
| Return on Assets (ROA) | -2.37% | -4.84% | — |
| Current Ratio | 0.46× | 0.39× | — |
| Debt-to-Equity | 8.94× | -25.65× | — |
| Effective Tax Rate | 3.95% | -15.99% | -6.45% |
| Cash Conversion Ratio | -2.62× | -3.19× | -3.09× |
| Accruals Ratio | -0.09× | -0.20× | — |
| SBC % of Revenue | 12.28% | 1.62% | 6.55% |
| CapEx Coverage | 0.29× | 0.31× | 0.62× |
| Free Cash Flow Per Share | $-16.76 | $-27.55 | $-5.82 |
Valuation Metrics
| Concept | FY 2025 | FY 2025 | FY 2025 |
|---|---|---|---|
| EV / EBITDA | 24.05× | — | — |
| P/S | 6.08× | — | — |
| P/B | 9.36× | — | — |
Income Statement
| Concept | FY 2025 | FY 2025 | FY 2025 |
|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | 5.13B | 1.92B | 229.00M |
| Cost of Goods and Services Sold | 1.45B | 493.00M | 69.00M |
| Research and Development Expense | 352.00M | 56.00M | 21.00M |
| Operating Income (Loss) | -46.00M | 324.00M | -14.00M |
| Income Tax Expense (Benefit) | -48.00M | 119.00M | 36.00M |
| Net Income (Loss) Attributable to Parent | -1.17B | -863.00M | -594.00M |
| Earnings Per Share, Basic | $-2.75 | $-4.30 | $-3.09 |
| Weighted Average Number of Shares Outstanding, Basic | 435.00M | 218.00M | 192.00M |
| Earnings Per Share, Diluted | $-2.81 | $-4.30 | $-3.09 |
| Weighted Average Number of Shares Outstanding, Diluted | 436.00M | 218.00M | 192.00M |
Balance Sheet
| Concept | FY 2025 | FY 2025 | FY 2025 |
|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 3.13B | 1.36B | 217.00M |
| Assets, Current | 7.49B | 1.92B | — |
| Assets | 49.30B | 17.83B | — |
| Long-term Debt | 21.37B | 7.93B | — |
| Liabilities, Current | 16.44B | 4.96B | — |
| Long-term Debt, Excluding Current Maturities | 14.66B | 5.46B | — |
| Liabilities | 45.97B | 16.52B | — |
| Stockholders' Equity Attributable to Parent | 3.33B | -414.00M | -597.00M |
Cash Flow Statement
| Concept | FY 2025 | FY 2025 | FY 2025 |
|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | 3.06B | 2.75B | 1.83B |
| Payments to Acquire Property, Plant, and Equipment | 10.31B | 8.70B | 2.94B |
| Net Cash Provided by (Used in) Investing Activities | -10.27B | -8.66B | -3.15B |
| Net Cash Provided by (Used in) Financing Activities | 9.31B | 7.46B | 1.79B |
Derived Metrics
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2025 |
|---|---|---|---|---|---|---|
| Free Cash Flow | -4.73B | -2.50B | -4.75B | -4.05B | -1.36B | -3.31B |
| EBITDA | 1.00B | 730.95M | — | — | 416.00M | 477.32M |
| Working Capital | -12.21B | -8.95B | -4.98B | -3.61B | -4.03B | -3.05B |
| Net Debt | 32.90B | 26.70B | 16.91B | 13.41B | 10.62B | 9.26B |
| Gross Margin | 65.54% | 67.61% | 72.97% | 74.22% | 73.32% | 75.66% |
| Operating Margin | -6.93% | -5.70% | 3.80% | 1.58% | -2.75% | 15.04% |
| Net Margin | -35.61% | -28.74% | -8.07% | -23.95% | -32.08% | -6.82% |
| Return on Equity (ROE) | -15.55% | -13.54% | -2.84% | -10.93% | -16.53% | 12.30% |
| Return on Assets (ROA) | -1.33% | -0.92% | -0.33% | -1.11% | -1.44% | -0.29% |
| Current Ratio | 0.31× | 0.46× | 0.49× | 0.52× | 0.44× | 0.39× |
| Debt-to-Equity | 7.39× | 8.94× | 4.85× | 5.48× | 6.24× | -25.65× |
| Effective Tax Rate | -12.80% | 3.24% | 53.50% | -19.68% | -17.10% | -74.80% |
| Cash Conversion Ratio | -4.03× | -3.45× | -13.61× | 0.65× | -0.19× | -3.66× |
| Accruals Ratio | -0.07× | -0.04× | -0.05× | -0.00× | -0.02× | -0.01× |
| SBC % of Revenue | 7.36% | 9.96% | 34.69% | 27.13% | 18.74% | 1.01% |
| CapEx Coverage | 0.39× | 0.38× | 0.24× | -0.05× | 0.04× | 0.05× |
| Free Cash Flow Per Share | $-8.97 | $-5.74 | $-9.54 | $-8.32 | $-5.46 | $-15.19 |
Valuation Metrics
Income Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2025 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | 2.08B | 1.57B | 1.36B | 1.21B | 982.00M | 747.00M |
| Cost of Goods and Services Sold | 716.00M | 509.12M | 368.82M | 312.67M | 262.00M | 181.81M |
| Research and Development Expense | 104.00M | 109.00M | 93.00M | 80.00M | 70.00M | 21.00M |
| Operating Income (Loss) | -144.00M | -89.59M | 51.85M | 19.21M | -27.00M | 112.32M |
| Income Tax Expense (Benefit) | 84.00M | -15.13M | -126.68M | 47.77M | 46.00M | 21.79M |
| Net Income (Loss) Attributable to Parent | -740.00M | -451.73M | -110.12M | -290.51M | -315.00M | -50.92M |
| Earnings Per Share, Basic | $-1.40 | $-0.94 | $-0.22 | $-0.60 | $-1.40 | $-0.24 |
| Weighted Average Number of Shares Outstanding, Basic | 527.00M | 435.00M | 497.89M | 486.59M | 246.00M | 218.00M |
| Earnings Per Share, Diluted | $-1.40 | $-0.94 | $-0.22 | $-0.60 | $-1.49 | $-0.24 |
| Weighted Average Number of Shares Outstanding, Diluted | 527.00M | 436.00M | 497.89M | 486.59M | 249.00M | 218.00M |
Balance Sheet
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2025 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 2.24B | 3.13B | 1.89B | 1.15B | 1.28B | 1.36B |
| Assets, Current | 5.61B | 7.49B | 4.73B | 3.95B | 3.10B | 1.92B |
| Assets | 55.57B | 49.30B | 32.91B | 26.24B | 21.86B | 17.83B |
| Long-term Debt | 24.86B | 21.37B | 14.03B | 11.05B | 8.71B | 7.93B |
| Liabilities, Current | 17.82B | 16.44B | 9.71B | 7.56B | 7.13B | 4.96B |
| Long-term Debt, Excluding Current Maturities | 17.31B | 14.66B | 10.32B | 7.42B | 4.94B | 5.46B |
| Liabilities | 50.81B | 45.97B | 29.03B | 22.42B | 18.79B | 16.52B |
| Stockholders' Equity Attributable to Parent | 4.76B | 3.33B | 3.88B | 2.66B | 1.91B | -414.00M |
Cash Flow Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2025 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | 2.98B | 1.56B | 1.50B | -190.08M | 61.00M | 186.56M |
| Payments to Acquire Property, Plant, and Equipment | 7.70B | 4.06B | 6.25B | 3.86B | 1.41B | 3.50B |
| Net Cash Provided by (Used in) Investing Activities | -7.71B | -3.93B | -6.35B | -3.88B | -1.43B | -3.46B |
| Payments for Repurchase of Common Stock | — | — | 0 | — | — | — |
| Net Cash Provided by (Used in) Financing Activities | 3.91B | 3.53B | 5.78B | 4.08B | 1.85B | 3.39B |
Raw XBRL tagging for a single filing
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Methodology
All facts on this page come straight from SEC EDGAR XBRL
company-facts filings (CRWV CIK 0001769628),
grouped by financial statement using FASB's base
us-gaap presentation taxonomy. Filers may re-parent
concepts onto different statements in their own extension
taxonomy, so a handful of rows can show up under a different
statement than on the actual 10-K / 10-Q; custom concepts and
any we couldn't map fall into Other. Hover a
cell to see the fully-qualified concept name and the filer's
description.
For the full methodology — statement grouping, the Other bucket, derived metrics, and fact tooltips — see the methodology reference for the statement grouping, the "Other" bucket, derived metrics, and fact tooltips.