CoreWeave revenue and financials
$91.72Change from previous close: +4.95%Absolute change: +$4.33
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 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 679 | 2,984 | 1,559 | 1,689 | -251 | 61.0 | 187 | 641 | -118 | 2,039 | 43.6 |
| Depreciation and amortization | 1,393 | 1,147 | 821 | 630 | 560 | 443 | 365 | 254 | 164 | 79.5 | 53.3 |
| Capital expenditure | -6,422 | -7,695 | -4,060 | -2,389 | -2,453 | -1,407 | -3,498 | -1,215 | -2,247 | -1,742 | -1,180 |
| Investing cash flow | -7,166 | -7,708 | -3,926 | -2,470 | -2,442 | -1,433 | -3,464 | -1,173 | -2,250 | -1,771 | -1,254 |
| Financing cash flow | 10,071 | 3,914 | 3,529 | 1,696 | 2,230 | 1,854 | 3,391 | 1,214 | 1,940 | 919 | 1,215 |
| Dividends paid | 0.0 | 0.0 | -0.3 | 0.3 | -3.0 | -26.0 | -28.7 | -29.3 | — | — | — |
| Share repurchases | — | — | — | -11.5 | -117 | -16.0 | — | -1.5 | — | — | -32.1 |
| Debt issued | 13,457 | 3,290 | 4,266 | 3,130 | 3,611 | 785 | 3,689 | 1,508 | 890 | 932 | 1,251 |
| Debt repaid | -3,884 | -1,335 | -420 | -1,404 | -1,304 | -271 | -225 | -290 | -69.5 | -5.0 | — |
| Net change in cash | 3,584 | -810 | 1,162 | 915 | -463 | 482 | 113 | 682 | -427 | 1,187 | 3.7 |
| Free cash flow | -5,743 | -4,711 | -2,501 | -700 | -2,704 | -1,346 | -3,311 | -574 | -2,365 | 297 | -1,136 |
| Levered free cash flow | -2,836 | -5,301 | -1,237 | 268 | -2,307 | -1,363 | -3,568 | — | — | — | — |