Revenue
2.58 billion USD
2026 Q2 · USD
Exact inputs and evidence
- Revenue: 2575000000 USD Source
Fundies. English
CoreWeave, Inc.
EDGARAnnual consolidated revenue for 2025: about USD 5.131B, using the latest reported figures. The previous period, 2024, was about USD 1.915B.
Latest quarter
Operating margin
-1.9%
2026 Q2 · %
Operating cash flow
679 million USD
2026 Q2 · USD
Free cash flow
-5.74 billion USD
2026 Q2 · USD
- Cash and cash equivalents
- 5.52 billion USD Source
Exact value
5524000000 USD
- Long-term debt including current maturities
- 24.9 billion USD Source
Exact value
24859000000 USD
- Shares outstanding
- Not available
Trailing twelve months
The four most recent complete quarters added together. This gives a full-year view that includes the latest quarterly results.
Revenue
7.59 billion USD
2025-07-01 – 2026-06-30
Exact inputs and evidence
Net income
-1.93 billion USD
2025-07-01 – 2026-06-30
Exact inputs and evidence
Includes later revisions to earlier periods. Annual charts exclude incomplete years.
Latest filing recorded: 2026-08-12.
Financial data available through: 2025-12-31.
Coverage by financial measure
- Revenue: 3 of 11 periods available· newest 2025-12-31
- Operating income: 3 of 11 periods available· newest 2025-12-31
- Net income: 3 of 11 periods available· newest 2025-12-31
- Operating cash flow: 3 of 11 periods available· newest 2025-12-31
- Capital expenditure: 3 of 11 periods available· newest 2025-12-31
- Total assets: 2 of 11 periods available· newest 2025-12-31
- Total liabilities: 2 of 11 periods available· newest 2025-12-31
- Current assets: 2 of 11 periods available· newest 2025-12-31
- Current liabilities: 2 of 11 periods available· newest 2025-12-31
- Cash and cash equivalents: 3 of 11 periods available· newest 2025-12-31
- Long-term debt including current maturities: 2 of 11 periods available· newest 2025-12-31
- shares outstanding: No compatible figures in this window
Coverage describes values retained in this snapshot. Missing values are not zero; loading limits are reported separately.
What changed year over year
Latest complete year compared with the corresponding period one year earlier. These are measured changes; they do not establish their business causes.
Revenue
+167.9%Prior period
USD 1.92 billion
–
Current period
USD 5.13 billion
–
Exact inputs and evidence
5131000000 − 1915000000 = 3216000000 USD
1915000000 USD · 2024-01-01 – 2024-12-31
Inspect prior input Prior source5131000000 USD · 2025-01-01 – 2025-12-31
Inspect current input Current sourceShare or cite
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Net income
−USD 304 millionPrior period
−USD 863 million
–
Current period
−USD 1.17 billion
–
Exact inputs and evidence
-1167000000 − -863000000 = -304000000 USD
-863000000 USD · 2024-01-01 – 2024-12-31
Inspect prior input Prior source-1167000000 USD · 2025-01-01 – 2025-12-31
Inspect current input Current sourceShare or cite
The citation records this snapshot. The page link may show a newer release later.
Operating cash flow
+11.2%Prior period
USD 2.75 billion
–
Current period
USD 3.06 billion
–
Exact inputs and evidence
3058000000 − 2749000000 = 309000000 USD
2749000000 USD · 2024-01-01 – 2024-12-31
Inspect prior input Prior source3058000000 USD · 2025-01-01 – 2025-12-31
Inspect current input Current sourceShare or cite
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Capital expenditure
+18.5%Prior period
USD 8.7 billion
–
Current period
USD 10.31 billion
–
Exact inputs and evidence
10309000000 − 8702000000 = 1607000000 USD
8702000000 USD · 2024-01-01 – 2024-12-31
Inspect prior input Prior source10309000000 USD · 2025-01-01 – 2025-12-31
Inspect current input Current sourceShare or cite
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Where revenue goes
How a period’s revenue divides into costs and what remains as profit. Items marked Derived are calculated by subtraction from reported figures.
2025 2025-01-01 – 2025-12-31
- Revenue USD 5.13 billion 100% of revenue
- Operating costs Derived USD 5.18 billion 101% of revenue
- Operating income −USD 46 million −0.9% of revenue
- Tax, interest and other Derived USD 1.12 billion 22% of revenue
- Net income −USD 1.17 billion −23% of revenue
Cash
- Operating cash flow USD 3.06 billion 60% of revenue
- Capital expenditure USD 10.31 billion 201% of revenue
- Free cash flow Derived −USD 7.25 billion −141% of revenue
Share of revenue by period
- Net income
- Tax, interest and other
- Operating costs
- 2023 Operating loss: operating costs were 106% of revenue.
- 2024 Net loss: net income was −45% of revenue.
- 2025 Operating loss: operating costs were 101% of revenue.
Values and sources
| Period | Revenue | Operating costs | Operating income | Tax, interest and other | Net income | Free cash flow | Source |
|---|---|---|---|---|---|---|---|
| 2023 2023-01-01 – 2023-12-31 | 229000000 | 243000000 Derived | -14000000 | 580000000 Derived | -594000000 | -1110000000 Derived | Source
|
| 2024 2024-01-01 – 2024-12-31 | 1915000000 | 1591000000 Derived | 324000000 | 1187000000 Derived | -863000000 | -5953000000 Derived | Source
|
| 2025 2025-01-01 – 2025-12-31 | 5131000000 | 5177000000 Derived | -46000000 | 1121000000 Derived | -1167000000 | -7251000000 Derived | Source
|
Amounts are exact, in USD.
Growth
Sales over time and how quickly they are changing.
Revenue
Revenue reported for each complete financial period.
USD 5.1B 2025
Values and sources
| Period | Series | Value(USD) | Source evidence |
|---|---|---|---|
| 2023 | Revenue | 229000000 |
|
| 2024 | Revenue | 1915000000 |
|
| 2025 | Revenue | 5131000000 |
|
Revenue growth
Change in revenue from the same financial period one year earlier.
167.9% 2025
Values and sources
| Period | Series | Value | Source evidence |
|---|---|---|---|
| 2023 | Year over year | No prior comparable period |
|
| 2024 | Year over year | 736.2% |
|
| 2025 | Year over year | 167.9% |
|
Profit and cash
How much revenue becomes profit, and how much cash operations generate.
Profit margins
Operating income, net income and free cash flow as a share of revenue.
Operating margin -0.9% 2025
Net margin -22.7% 2025
Free cash flow margin -141.3% 2025
- Operating margin
- Net margin
- Free cash flow margin
Values and sources
| Period | Series | Value | Source evidence |
|---|---|---|---|
| 2023 | Operating margin | -6.1% |
|
| 2024 | Operating margin | 16.9% |
|
| 2025 | Operating margin | -0.9% |
|
| 2023 | Net margin | -259.4% |
|
| 2024 | Net margin | -45.1% |
|
| 2025 | Net margin | -22.7% |
|
| 2023 | Free cash flow margin | -484.7% |
|
| 2024 | Free cash flow margin | -310.9% |
|
| 2025 | Free cash flow margin | -141.3% |
|
Operating cash flow
Cash generated by the company’s normal business operations.
USD 3.1B 2025
Values and sources
| Period | Series | Value(USD) | Source evidence |
|---|---|---|---|
| 2023 | Operating cash flow | 1833000000 |
|
| 2024 | Operating cash flow | 2749000000 |
|
| 2025 | Operating cash flow | 3058000000 |
|
Free cash flow
Operating cash flow minus capital expenditure for the same period and unit.
USD -7.3B 2025
Values and sources
| Period | Series | Value(USD) | Source evidence |
|---|---|---|---|
| 2023 | Free cash flow | -1110000000 |
|
| 2024 | Free cash flow | -5953000000 |
|
| 2025 | Free cash flow | -7251000000 |
|
Balance sheet
Liabilities and short-term ability to meet obligations at each period end.
Liabilities to assets
Total liabilities as a share of total assets.
93.2% 2025
Values and sources
| Period | Series | Value | Source evidence |
|---|---|---|---|
| 2023-12-31 | Liabilities / assets | Not reported | No source recorded |
| 2024 | Liabilities / assets | 92.7% |
|
| 2025 | Liabilities / assets | 93.2% |
|
Current assets to current liabilities
Current assets divided by current liabilities.
0.46× 2025
Values and sources
| Period | Series | Value | Source evidence |
|---|---|---|---|
| 2023-12-31 | Current assets / current liabilities | Not reported | No source recorded |
| 2024 | Current assets / current liabilities | 0.39× |
|
| 2025 | Current assets / current liabilities | 0.46× |
|
Cash generation
Compare reported profit with operating cash and capital spending. Free cash flow is calculated as operating cash flow minus capital expenditure when both exact, consolidated amounts match the same period and unit.
| Period | Net income | Operating cash flow | Capital expenditure | Free cash flow |
|---|---|---|---|---|
| 2023 2023-01-01 – 2023-12-31 | −USD 594 million Exact valueExact value: -594000000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 1.83 billion Exact valueExact value: 1833000000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 2.94 billion Exact valueExact value: 2943000000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | −USD 1.11 billion Calculation and evidence1833000000 − 2943000000 USD Exact free cash flow: -1110000000 USD
Share or citeThe citation records this snapshot. The page link may show a newer release later. |
| 2024 2024-01-01 – 2024-12-31 | −USD 863 million Exact valueExact value: -863000000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 2.75 billion Exact valueExact value: 2749000000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 8.7 billion Exact valueExact value: 8702000000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | −USD 5.95 billion Calculation and evidence2749000000 − 8702000000 USD Exact free cash flow: -5953000000 USD
Share or citeThe citation records this snapshot. The page link may show a newer release later. |
| 2025 2025-01-01 – 2025-12-31 | −USD 1.17 billion Exact valueExact value: -1167000000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 3.06 billion Exact valueExact value: 3058000000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | USD 10.31 billion Exact valueExact value: 10309000000 USD Share or citeThe citation records this snapshot. The page link may show a newer release later. | −USD 7.25 billion Calculation and evidence3058000000 − 10309000000 USD Exact free cash flow: -7251000000 USD
Share or citeThe citation records this snapshot. The page link may show a newer release later. |
Capital expenditure uses the canonical mapped positive-spending convention. A missing, ambiguous, incompatible, or negative-sign input is left blank. Values use the latest reported version.
Dataset coverage and company identifiers
Coverage reflects filings processed into this Fundies dataset; it does not imply every source filing is loaded.
11 filings · 761 latest values · 761 originally reported values
Dataset published . Source filing dates and reporting periods are shown separately.
Identifiers: 0001769628, 1769628, CRWV, edgar:1769628
Also known as Atlantic Crypto Corp, CoreWeave, Inc, CoreWeave, Inc.