CoreWeave revenue and financials
$87.82Change from previous close: −2.00%Absolute change: −$1.80
In the fiscal year ended December 2025, CoreWeave reported revenue of $5.13B (+167.94% year over year). The net loss was $1.17B.
Fiscal year ending in December. Sources and method on the page Methodology and sources.
At a glance
- Revenue growth
- +167.94%
- 2025 vs 2024
- Net margin
- -22.7%
- 2024: -45.1%
Financial data
Amounts in millions of USD; per-share values in USD; shares in millions.
| Item | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Total revenue | 5,131 | 1,915 | 229 | 15.8 |
| Cost of revenue | 1,453 | 493 | 69.0 | 12.1 |
| Gross profit | 3,678 | 1,422 | 160 | 3.7 |
| Selling, general and administrative | 795 | 137 | 43.0 | 8.5 |
| Research and development | 352 | 56.0 | 21.0 | — |
| Operating income | -46.0 | 324 | -14.0 | -22.9 |
| EBIT | 14.0 | -383 | -530 | -25.6 |
| EBITDA | 2,468 | 480 | -427 | -13.9 |
| Interest expense | 1,229 | 361 | 28.0 | 9.4 |
| Pre-tax income | -1,215 | -744 | -558 | -35.0 |
| Income tax | -48.0 | 119 | 36.0 | -4.2 |
| Net income | -1,167 | -863 | -594 | -31.1 |
| Net income to common shareholders | -1,196 | -937 | -594 | -31.1 |
| Basic EPS | -2.75 | -2.02 | -1.47 | -0.08 |
| Diluted EPS | -2.81 | -2.02 | -1.47 | -0.08 |
| Average shares (basic) | 435 | 464 | 404 | 404 |
| Average shares (diluted) | 435 | 464 | 404 | 404 |