NASDAQ : CRWV
CoreWeave, Inc. — Financial statements
Technology · Software - Infrastructure · United States
Last price 60.74 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 33.50B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
CoreWeave, Inc. (CRWV) reported revenue of 7.59B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | 7.59B | 5.13B | 1.92B | 229.00M | 15.83M |
| Cost of Revenue | 2.47B | 1.45B | 493.00M | 69.00M | 12.12M |
| Gross Profit | 5.12B | 3.68B | 1.42B | 160.00M | 3.71M |
| Selling, General & Admin | 841.00M | 766.00M | 137.00M | 43.00M | 8.48M |
| Research & Development | 4.48B | 2.93B | 961.00M | 131.00M | 18.11M |
| Operating Expenses | 5.32B | 3.69B | 1.10B | 174.00M | 26.59M |
| Operating Income | -202.00M | -17.00M | 324.00M | -14.00M | -22.88M |
| Interest Expense | -1.87B | -1.23B | -361.00M | -28.00M | -9.44M |
| Interest & Investment Income | 48.00M | 28.00M | 15.00M | ||
| Currency Exchange Gain (Loss) | -159.00M | -60.00M | |||
| Other Non Operating Income (Expenses) | 290.00M | 90.00M | -710.00M | -516.00M | -2.69M |
| EBT Excluding Unusual Items | -1.90B | -1.19B | -732.00M | -558.00M | -35.02M |
| Merger & Restructuring Charges | -29.00M | -29.00M | |||
| Gain (Loss) on Sale of Investments | 21.00M | 21.00M | |||
| Other Unusual Items | -19.00M | -19.00M | -12.00M | ||
| Pretax Income | -1.92B | -1.22B | -744.00M | -558.00M | -35.02M |
| Income Tax Expense | 4.00M | -48.00M | 119.00M | 36.00M | -4.15M |
| Earnings From Continuing Operations | -1.93B | -1.17B | -863.00M | -594.00M | -30.87M |
| Earnings From Discontinued Operations | -189.00K | ||||
| Net Income | -1.93B | -1.17B | -863.00M | -594.00M | -31.05M |
| Preferred Dividends & Other Adjustments | 29.00M | 74.00M | |||
| Net Income to Common | -1.93B | -1.20B | -937.00M | -594.00M | -31.05M |
| Shares Outstanding (Basic) | 521.00M | 435.00M | 218.00M | 192.00M | 180.63M |
| Shares Outstanding (Diluted) | 521.00M | 436.00M | 218.00M | 192.00M | 180.63M |
| EPS (Basic) | -3.70 | -2.75 | -4.30 | -3.09 | -0.17 |
| EPS (Diluted) | -3.70 | -2.81 | -4.30 | -3.09 | -0.17 |
| Free Cash Flow | -13.65B | -7.25B | -5.95B | -1.11B | -71.49M |
| 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 | 3.79B | 2.44B | 1.19B | 89.00M | -11.19M |
| EBITDA Margin | 49.92% | 47.50% | 61.98% | 38.87% | -70.66% |
| D&A For EBITDA | 3.99B | 2.45B | 863.00M | 103.00M | 11.70M |
| EBIT | -202.00M | -17.00M | 324.00M | -14.00M | -22.88M |
| EBIT Margin | -2.66% | -0.33% | 16.92% | -6.11% | -144.54% |
| Advertising Expenses | 27.00M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Cash & Equivalents | 5.52B | 3.13B | 1.36B | 217.15M | |
| Short-Term Investments | 15.00M | 34.00M | 2.37M | ||
| Cash & Short-Term Investments | 5.54B | 3.16B | 1.36B | 219.51M | |
| Accounts Receivable | 2.54B | 3.17B | 417.00M | 165.38M | |
| Other Receivables | 17.65M | ||||
| Receivables | 2.54B | 3.17B | 417.00M | 183.03M | |
| Prepaid Expenses | 563.00M | 132.00M | 67.00M | 54.34M | |
| Restricted Cash | 873.00M | 819.00M | 37.00M | 42.94M | |
| Other Current Assets | 4.00M | 207.00M | 34.00M | 2.17M | |
| Total Current Assets | 9.52B | 7.49B | 1.92B | 501.99M | |
| Property, Plant & Equipment | 63.33B | 38.79B | 14.51B | 3.95B | |
| Long-Term Investments | 638.00M | 117.00M | 102.00M | 42.09M | |
| Goodwill | 1.10B | 1.10B | 20.00M | 19.54M | |
| Other Intangible Assets | 245.00M | 235.00M | 5.00M | 7.00M | |
| Other Long-Term Assets | 2.23B | 1.50B | 1.18B | 460.39M | |
| Total Assets | 77.07B | 49.30B | 17.83B | 4.98B | |
| Accounts Payable | 3.63B | 1.62B | 868.00M | 455.56M | |
| Accrued Expenses | 6.42B | 5.77B | 356.00M | 77.78M | |
| Current Portion of Long-Term Debt | 7.51B | 6.71B | 2.47B | 171.87M | |
| Current Portion of Leases | 591.00M | 465.00M | 271.00M | 43.32M | |
| Current Unearned Revenue | 2.69B | 1.71B | 769.00M | 249.83M | |
| Other Current Liabilities | 70.00M | 162.00M | 231.00M | 97.00K | |
| Total Current Liabilities | 20.92B | 16.44B | 4.96B | 998.46M | |
| Long-Term Debt | 27.56B | 14.67B | 5.46B | 1.35B | |
| Long-Term Leases | 15.95B | 7.98B | 2.42B | 433.16M | |
| Long-Term Unearned Revenue | 7.01B | 6.48B | 3.29B | 1.75B | |
| Long-Term Deferred Tax Liabilities | 256.00M | 115.00M | 149.00M | 36.45M | |
| Other Long-Term Liabilities | 358.00M | 286.00M | 237.00M | 534.54M | |
| Total Liabilities | 72.05B | 45.97B | 16.52B | 5.11B | |
| Common Stock | 1.00K | ||||
| Additional Paid-In Capital | 9.09B | 6.01B | 1.10B | 48.40M | |
| Retained Earnings | -4.01B | -2.64B | -1.48B | -612.79M | |
| Treasury Stock | -34.00M | -34.00M | -34.00M | -32.05M | |
| Comprehensive Income & Other | -18.00M | -148.00K | |||
| Total Common Equity | 5.02B | 3.33B | -414.00M | -596.59M | |
| Shareholders' Equity | 5.02B | 3.33B | 1.31B | -131.90M | |
| Total Liabilities & Equity | 77.07B | 49.30B | 17.83B | 4.98B | |
| Total Debt | 51.61B | 29.82B | 10.62B | 2.00B | |
| Net Cash (Debt) | -46.03B | -26.66B | -9.26B | -1.78B | |
| Net Cash Per Share | -88.35 | -61.15 | -42.47 | -9.27 | |
| Filing Date Shares Outstanding | 551.54M | 525.69M | 458.18M | 325.98M | 180.63M |
| Total Common Shares Outstanding | 551.00M | 502.00M | 232.89M | 325.98M | 180.63M |
| Working Capital | -11.40B | -8.95B | -3.05B | -496.47M | |
| Book Value Per Share | 9.12 | 6.64 | -1.78 | -1.83 | |
| Tangible Book Value | 3.68B | 2.00B | -439.00M | -623.14M | |
| Tangible Book Value Per Share | 6.68 | 3.98 | -1.89 | -1.91 | |
| Machinery | 39.84B | 23.76B | 9.54B | 1.33B | |
| Construction In Progress | 11.92B | 9.38B | 3.20B | 2.26B |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Net Income | -1.93B | -1.17B | -863.00M | -594.00M | -31.05M |
| Depreciation & Amortization | 3.99B | 2.45B | 863.00M | 103.00M | 11.70M |
| Other Amortization | 129.00M | 110.00M | 33.00M | 16.00M | 3.80M |
| Stock-Based Compensation | 619.00M | 630.00M | 31.00M | 15.00M | 1.49M |
| Other Operating Activities | 754.00M | 399.00M | 1.01B | 591.00M | 1.80M |
| Change in Accounts Receivable | -637.00M | -2.75B | -280.00M | -162.00M | -1.89M |
| Change in Accounts Payable | 846.00M | 253.00M | 511.00M | 27.00M | 1.40M |
| Change in Unearned Revenue | 4.80B | 4.17B | 2.05B | 1.99B | 9.35M |
| Change in Other Net Operating Assets | -1.66B | -1.05B | -602.00M | -149.00M | -960.00K |
| Operating Cash Flow | 6.91B | 3.06B | 2.75B | 1.83B | 910.00K |
| Capital Expenditures | -20.57B | -10.31B | -8.70B | -2.94B | -72.40M |
| Cash Acquisitions | -62.00M | -108.00M | |||
| Investment in Securities | -671.00M | -4.00M | 154.00M | -166.00M | 7.00M |
| Other Investing Activities | 29.00M | 150.00M | -110.00M | -39.00M | -13.78M |
| Investing Cash Flow | -21.27B | -10.27B | -8.66B | -3.15B | -79.18M |
| Long-Term Debt Issued | 11.83B | 7.02B | 1.40B | 90.00M | |
| Long-Term Debt Repaid | -3.40B | -589.00M | -2.00M | -3.06M | |
| Net Debt Issued (Repaid) | 17.14B | 8.43B | 6.43B | 1.40B | 86.94M |
| Issuance of Common Stock | 3.00B | 1.51B | 3.00M | 17.00M | |
| Repurchase of Common Stock | -11.00M | -144.00M | |||
| Preferred Dividends Paid | -29.00M | -58.00M | |||
| Dividends Paid | -29.00M | -58.00M | |||
| Other Financing Activities | -919.00M | -460.00M | -82.00M | -52.00M | -5.49M |
| Financing Cash Flow | 19.21B | 9.31B | 7.46B | 1.79B | 81.45M |
| Net Cash Flow | 4.85B | 2.10B | 1.55B | 473.00M | 3.18M |
| Free Cash Flow | -13.65B | -7.25B | -5.95B | -1.11B | -71.49M |
| Free Cash Flow Margin | -179.91% | -141.32% | -310.86% | -484.72% | -451.64% |
| Free Cash Flow Per Share | -26.21 | -16.63 | -27.31 | -5.78 | -0.40 |
| Levered Free Cash Flow | -9.09B | -4.62B | -6.63B | ||
| Unlevered Free Cash Flow | -8.05B | -3.96B | -6.44B | ||
| Cash Interest Paid | 1.31B | 869.00M | 184.00M | 5.12M | |
| Cash Income Tax Paid | -1.00M | 14.00M | 255.00K | ||
| Change in Working Capital | 3.35B | 632.00M | 1.68B | 1.70B | 7.91M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Market Capitalization | 30.26B | 35.68B | |||
| Enterprise Value | 76.29B | 52.55B | |||
| Last Close Price | 54.87 | 71.61 | |||
| PS Ratio | 3.99 | 6.96 | |||
| PB Ratio | 6.02 | 10.70 | |||
| P/TBV Ratio | 8.23 | 17.85 | |||
| P/OCF Ratio | 4.38 | 11.67 | |||
| EV/Sales Ratio | 10.05 | 10.24 | |||
| EV/EBITDA Ratio | 20.14 | 21.56 | |||
| Debt / Equity Ratio | 10.27 | 8.94 | 8.12 | -15.16 | |
| Debt / EBITDA Ratio | 9.22 | 8.49 | 6.94 | 13.70 | |
| Net Debt / Equity Ratio | 9.16 | 8.00 | 7.08 | -13.50 | |
| Net Debt / EBITDA Ratio | 12.15 | 10.94 | 7.80 | 20.00 | |
| Net Debt / FCF Ratio | -3.37 | -3.68 | -1.55 | -1.60 | |
| Asset Turnover | 0.15 | 0.15 | 0.17 | ||
| Quick Ratio | 0.39 | 0.39 | 0.36 | 0.40 | |
| Current Ratio | 0.46 | 0.46 | 0.39 | 0.50 | |
| Return on Equity (ROE) | -43.60% | -50.27% | -146.76% | ||
| Return on Assets (ROA) | -0.24% | -0.03% | 1.78% | ||
| Return on Capital Employed (ROCE) | -0.40% | -0.10% | 2.50% | -0.40% | |
| Earnings Yield | -6.74% | -3.27% | |||
| FCF Yield | -45.12% | -20.32% | |||
| Buyback Yield / Dilution | -75.59% | -100.00% | -13.54% | -6.29% |