Cost of Revenue

Total Cost of Revenue

CoreWeave, Inc. Total Cost of Revenue increased by 40.6% to $716.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 172.9%, from $262.39M to $716.00M. Over 2 years (FY 2023 to FY 2025), Total Cost of Revenue shows an upward trend with a 358.9% CAGR. This is a positive signal — lower values indicate better performance for this metric.

Analysis

StatementIncome Statement
SectionCost of Revenue
CategoryEfficiency
SignalLower is better
VolatilityModerate
First reportedQ1 2013
Last reportedQ1 2026

How to read this metric

An increase relative to revenue may indicate rising component costs or manufacturing inefficiencies, whereas a decrease suggests better economies of scale.

Detailed definition

The direct costs attributable to the production of the goods sold and the delivery of services. This typically encompass...

Peer comparison

In the consumer electronics industry, this is often compared against revenue to determine the efficiency of the supply chain.

Metric ID: is_total_cost_of_revenue

Historical Data

13 periods
 Q1 '23Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Value$17.25M$17.25M$17.25M$17.25M$59.22M$108.84M$143.13M$181.81M$262.39M$312.67M$368.82M$509.12M$716.00M
QoQ Change+0.0%+0.0%+0.0%+243.3%+83.8%+31.5%+27.0%+44.3%+19.2%+18.0%+38.0%+40.6%
YoY Change+243.3%+530.9%+729.8%+954.0%+343.1%+187.3%+157.7%+180.0%+172.9%
Range$17.25M$716.00M
CAGR+246.2%
Avg YoY Growth+388.8%
Median YoY Growth+243.3%
Current Streak12+ quarters growth

Frequently Asked Questions

What is CoreWeave, Inc. 's total cost of revenue?
CoreWeave, Inc. (CRWV) reported total cost of revenue of $716.00M in Q1 2026.
How has CoreWeave, Inc. 's total cost of revenue changed year-over-year?
CoreWeave, Inc. 's total cost of revenue increased by 172.9% year-over-year, from $262.39M to $716.00M.
What is the long-term trend for CoreWeave, Inc. 's total cost of revenue?
Over 2 years (2023 to 2025), CoreWeave, Inc. 's total cost of revenue has grown at a 358.9% compound annual growth rate (CAGR), from $69.00M to $1.45B.
What does total cost of revenue mean?
The direct cost of making the products or providing the services that a company sells.