CoreWeave, Inc. most recently reported annual revenue of $5.1B, a net loss of $1.2B. Revenue grew at an average annual rate of 584.5% over the last 3 fiscal years. See the full income statement, balance sheet, and cash flow statement below, plus valuation and return ratios.
CoreWeave, Inc.: Revenue rose from $16.0M in 2022 to $5.1B in 2025, a change of +31968.8% over 3 years; net profit was positive in 0 of 4 reported years; operating margin moved from -144.5% to -0.9%, a shift of +143.6 percentage points; the most recent year shows a net loss of $1.2B.
Income Statement — 4 Years (USD millions)
Metric
2022
2023
2024
2025
Revenue
$16.0M
$229.0M
$1.9B
$5.1B
Operating Expenses
$39.0M
$243.0M
$1.6B
$5.2B
Operating Profit
$-23.0M
$-14.0M
$324.0M
$-46.0M
Operating Margin
-144.5%
-6.3%
16.9%
-0.9%
Other Income
$-12.0M
$-544.0M
$-1.1B
$-1.2B
Interest
$9.0M
$28.0M
$361.0M
$1.2B
Depreciation
$12.0M
$103.0M
$863.0M
$2.5B
Profit Before Tax
$-35.0M
$-558.0M
$-744.0M
$-1.2B
Tax
$11.8M
$-6.4M
$-16.0M
$4.0M
Net Profit
$-31.0M
$-594.0M
$-863.0M
$-1.2B
EPS
$-0.08
$-1.47
$-2.33
$-2.81
Dividend Payout
0.0%
0.0%
0.0%
0.0%
Quarterly Results — Last 11 Quarters (USD millions)
Metric
Dec '23
Mar '24
Jun '24
Sep '24
Dec '24
Mar '25
Jun '25
Sep '25
Dec '25
Mar '26
Jun '26
Revenue
$116.0M
$189.0M
$395.0M
$584.0M
$747.0M
$982.0M
$1.2B
$1.4B
$1.6B
$2.1B
$2.6B
Operating Expenses
$118.0M
$172.0M
$318.0M
$467.0M
$635.0M
$1.0B
$1.2B
$1.3B
$1.7B
$2.2B
$2.6B
Operating Profit
$-2.0M
$17.0M
$78.0M
$117.0M
$113.0M
$-27.0M
$19.0M
$52.0M
$-90.0M
$-144.0M
$-49.0M
Operating Margin
-1.6%
8.9%
19.7%
20.1%
15.1%
-2.8%
1.6%
3.8%
-5.7%
-6.9%
-1.9%
Interest
$16.0M
$41.0M
$67.0M
$104.0M
$149.0M
$264.0M
$267.0M
$311.0M
$388.0M
$536.0M
$640.0M
Profit Before Tax
$-154.0M
$-114.0M
$-283.0M
$-318.0M
$-29.0M
$-269.0M
$-243.0M
$-237.0M
$-467.0M
$-656.0M
$-564.0M
Tax
$-10.5M
$-13.5M
$-14.2M
$-13.1M
$-75.1M
$-17.1M
$-19.7M
$53.5M
$3.2M
$-12.8M
$-11.0M
Net Profit
$-171.0M
$-129.0M
$-323.0M
$-360.0M
$-51.0M
$-315.0M
$-291.0M
$-110.0M
$-452.0M
$-740.0M
$-626.0M
EPS
$-0.42
$-0.32
$-0.84
$-0.89
$-0.17
$-0.78
$-0.60
$-0.22
$-0.89
$-1.40
$-1.14
Over the 4 years reported for CoreWeave, Inc., cash stood at $3.9B in the latest year, shareholders' equity was $0, current assets covered current liabilities 0.46 times.
Balance Sheet — 4 Years (USD millions)
Metric
2022
2023
2024
2025
Total Assets
—
$5.0B
$17.8B
$49.3B
Current Assets
—
$502.0M
$1.9B
$7.5B
Cash
—
$217.0M
$1.4B
$3.9B
Inventory
—
$0
$0
$0
Receivables
—
$183.0M
$426.0M
$3.2B
Fixed Assets
—
$3.9B
$14.5B
$38.8B
Capital Work in Progress
$0
$0
$0
$0
Investments
$0
$44.0M
$102.0M
$34.0M
Other Assets
—
$20.0M
$20.0M
$1.1B
Total Liabilities
—
$5.6B
$18.2B
$46.0B
Current Liabilities
—
$998.0M
$5.0B
$16.4B
Borrowings
$0
$2.0B
$10.6B
$29.8B
Other Liabilities
—
$3.6B
$7.6B
$16.1B
Equity
—
$0
$0
$0
Reserves
—
$-597.0M
$-414.0M
$3.3B
For CoreWeave, Inc., operating cash flow was positive in 4 of 4 reported years; free cash flow in the latest year was negative at $7.3B; free cash flow was positive in 0 of 4 years; financing activities used $264.0M in the latest year, which covers debt repayment, dividends and buybacks.
Cash Flow Statement — 4 Years (USD millions)
Metric
2022
2023
2024
2025
Operating Cash Flow
$1.0M
$1.8B
$2.7B
$3.1B
Investing Cash Flow
$-152.0M
$-6.1B
$-17.4B
$-20.6B
Financing Cash Flow
$-5.0M
$-62.0M
$-26.0M
$-264.0M
Net Cash Flow
$3.0M
$473.0M
$1.6B
$2.5B
Free Cash Flow
$-71.0M
$-1.1B
$-6.0B
$-7.3B
Valuation & Return Ratios
Metric
Value
PEG Ratio
0.45
EV / EBITDA
36.44
FCF Yield
-28.65%
Quick Ratio
0.46
Interest Coverage
-0.29
Return 1Y
-55.52%
Return 3Y
—
Return 5Y
—
CoreWeave, Inc. (CRWV) financials — frequently asked questions
What is CoreWeave, Inc.'s annual revenue?
CoreWeave, Inc. (CRWV) reported annual revenue of $5.1B in its most recent fiscal year.
What is CoreWeave, Inc.'s net profit?
CoreWeave, Inc. (CRWV) reported a net loss of $1.2B in its most recent fiscal year.
What is CRWV EV/EBITDA?
CoreWeave, Inc.'s enterprise value to EBITDA (EV/EBITDA) ratio is 36.44.