What is CoreWeave, Inc. 's deferred revenue?

CoreWeave, Inc. (CRWV) reported deferred revenue of $2.13B in Q1 2026.

How has CoreWeave, Inc. 's deferred revenue changed year-over-year?

CoreWeave, Inc. 's deferred revenue increased by 387.9% year-over-year, from $436.53M to $2.13B.

What does deferred revenue mean?

Payments received from customers for goods or services to be delivered within one year — recognized as revenue as performance obligations are satisfied.

CoreWeave, Inc. CRWV Deferred Revenue

Deferred Revenue at other companies

MicrosoftMSFT

$50.92B+14.1%

AmazonAMZN

$20.89B+1.4%

WYF

WhiteFiber, Inc. Ordinary SharesWYFI

$18.73M—

Arista NetworksANET

$4.91B+137%

Alphabet Inc.GOOGL

——

JabilJBL

——

Other financials

Income statement

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Revenue$2.1B+112%

Gross profit$1.4B+89.2%

Operating income-$144.0M-433%

Net income-$740.0M-135%

EPS (diluted)-$1.40+6.0%

Balance sheet

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Cash & equivalents$3.3B+31.9%

Total debt$35.1B+195%

Total equity$4.8B+150%

Total assets$55.6B+154%

Cash flow

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Operating cash flow$3.0B+4,792%

CapEx$7.7B+447%

Free cash flow-$4.7B-250%

Valuation

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Market cap$55.04B—

Enterprise value$86.86B—

P/S8.8×—

Profitability

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Gross margin69.4%-4.9pp

Operating margin-2.6%-13.0pp

Net margin-25.6%-6.5pp

FCF margin-170.5%-48.0pp

Returns & leverage

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Return on equity-47.8%—

Debt / equity7.4×+1.1×

Current ratio0.3×-0.1×

Where this comes from

Reported directly by CoreWeave, Inc. in its filing.

Tagged under the XBRL concept us-gaap:ContractWithCustomerLiabilityCurrent.

The official record: CoreWeave, Inc. ’s 10-Q, filed May 8, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is CoreWeave, Inc. 's deferred revenue?: CoreWeave, Inc. (CRWV) reported deferred revenue of $2.13B in Q1 2026.
How has CoreWeave, Inc. 's deferred revenue changed year-over-year?: CoreWeave, Inc. 's deferred revenue increased by 387.9% year-over-year, from $436.53M to $2.13B.
What does deferred revenue mean?: Payments received from customers for goods or services to be delivered within one year — recognized as revenue as performance obligations are satisfied.