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CoreWeave, Inc. logo

CoreWeave, Inc. Income Statement

Revenue, expenses, and profitability over time

CoreWeave, Inc. generated $6.2B in trailing twelve-month revenue, up 1.3% year-over-year. Net income was -$1.6B with a -25.57% net margin. Gross margin stands at 69.38% and operating margin at -2.61%. Diluted EPS is $-3.16, which grew 0.4% year-over-year. Based on the Q1 2026 filing.

Total Revenue (TTM)$6.2BGross Profit (TTM)$4.3BOperating Income (TTM)-$162.5MNet Income (TTM)-$1.6BEps Diluted (TTM)$-3.16
Latest FilingQ1 2026
Report Date2026-05-08
Market Cap$52.2B
ROE-47.78%

Other Income & Expense

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Derivative Gain (Loss) Excluded from Effectiveness-$149.2M-$264M-$267M-$310.6M-$387.6M-$536M
Interest Income (Expense), Non-operating-$149.2M-$264M-$267M-$310.6M-$387.6M-$536M
Other Charges$14.9M-$5M$5M$21.9M$10.2M$24M
Net Gain (Loss) on Derivative Instruments-$7.1M$27M$0$0$163K$0
Interest Income (Expense), Nonoperating-$149.2M-$264M-$267M-$310.6M-$387.6M-$536M
Non-operating Interest Income (Expense)-$149.2M-$264M-$267M-$310.6M-$387.6M-$536M

Net Income

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Net income applicable to common shareholders-$80M-$343M-$290.5M-$110.1M-$452M-$740M
Net Income Allocated to Common (Diluted)-$80M-$370M-$290.5M-$110.1M-$452.2M-$740M
Net earnings to common-$80M-$343M-$290.5M-$110.1M-$452M-$740M
Net Income Available to Common Stockholders (Diluted)-$80M-$370M-$290.5M-$110.1M-$452.2M-$740M
Net Income Available to Common Shareholders-$80M-$343M-$290.5M-$110.1M-$452M-$740M
Net income-$50.9M-$315M-$290.5M-$110.1M-$451.7M-$740M
Net income attributable to common stock-$80M-$343M-$290.5M-$110.1M-$452M-$740M

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Reclassifications Net of Tax-$80M-$343M-$290.5M-$110.1M-$452M-$740M
Comprehensive Income (Loss), Net of Tax, Attributable to Parent—-$315M———-$735M
Other income, net (Note 6)$14.9M-$5M$5M$21.9M$10.2M$24M
Revenue From Contract With Customer Excluding Assessed Tax$747M$982M$1.2B$1.4B$1.6B$2.1B
Other Comprehensive Income (Loss)—-$315M———-$735M

Earnings Per Share

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Basic earnings per share$-0.24$-1.40$-0.60$-0.22$-0.94$-1.40
Diluted earnings per share$-0.24$-1.49$-0.60$-0.22$-0.94$-1.40
Weighted-average shares, basic218M246M486.6M497.9M435M527M
Weighted-average shares, diluted218M249M486.6M497.9M436M527M

Operating Expenses

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
General and administrative$47.9M$175M$174.2M$151.9M$150.2M$164M
Technology and infrastructure$399.7M$561M$669.9M$747.5M$950.2M$1.3B
Selling and marketing$5.2M$11M$36.8M$44.6M$52M$69M
Total operating expenses$634.7M$1B$1.2B$1.3B$1.7B$2.2B

Operating Income

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Gross profit$565.2M$720M$900.1M$995.9M$1.1B$1.4B
Operating income$112.3M-$27M$19.2M$51.9M-$89.6M-$144M

Income Before Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income before income taxes-$29.1M-$269M-$242.7M-$236.8M-$466.9M-$656M

Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income tax expense$21.8M$46M$47.8M-$126.7M-$15.1M$84M

Cost of Revenue

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Total cost of revenue$181.8M$262M$312.7M$368.8M$509.1M$716M

Revenue

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Total revenue$747M$982M$1.2B$1.4B$1.6B$2.1B