What are CoreWeave, Inc. 's profit margins?

CoreWeave, Inc. (CRWV) runs a 69.4% gross margin and a -2.6% operating margin, with a -25.6% net margin.

Where do CoreWeave, Inc. 's ratios come from?

Every ratio is computed from CoreWeave, Inc. 's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.

CoreWeave, Inc. CRWV Ratios & Valuation

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	Q1 '26	Q4 '25	Q3 '25	Q2 '25	Q1 '25
Profitability
Gross margin	69.4%-2.3pp	71.7%-2.2pp	73.9%-0.6pp	74.5%+0.2pp	74.3%+0.1pp
Operating margin	-2.6%-1.7pp	-0.9%-4.5pp	3.6%-2.7pp	6.3%-4.1pp	10.3%-6.6pp
Net margin	-25.6%-2.8pp	-22.7%-4.9pp	-17.8%+11.0pp	-28.8%+9.9pp	-38.7%+6.3pp
EBITDA margin	48.1%+1.2pp	46.9%-3.1pp	50%-2.3pp	52.3%-3.3pp	55.6%-6.4pp
Free cash flow margin	-170.5%-29.2pp	-141.3%+45.9pp	-187.2%+37.9pp	-225.1%+55.4pp	-280.5%+30.4pp
Returns
Return on equity	-47.8%—	——	——	——	——
Return on assets	-4.1%-0.6pp	-3.5%—	——	——	——
Return on invested capital	-0.7%-0.4pp	-0.2%—	——	——	——
Efficiency
Asset turnover	0.2×0.0×	0.2×—	——	——	——
Liquidity
Current ratio	0.3×-0.1×	0.5×0.0×	0.5×0.0×	0.5×+0.1×	0.4×0.0×
Quick ratio	0.3×-0.1×	0.5×0.0×	0.5×0.0×	0.5×+0.1×	0.4×0.0×
Cash ratio	0.2×-0.1×	0.3×-0.1×	0.3×0.0×	0.3×-0.1×	0.4×-0.1×
Leverage
Debt-to-equity	7.4×-1.6×	8.9×+4.1×	4.9×-0.6×	5.5×-0.8×	6.2×—
Debt-to-assets	0.6×0.0×	0.6×0.0×	0.6×0.0×	0.6×0.0×	0.5×-0.1×
Net debt / EBITDA	10.6×0.0×	10.7×+3.3×	7.4×+0.6×	6.8×+0.6×	6.2×-1.0×
Per Share
Book value per share	$9.03+18.1%	$7.65-1.8%	$7.79+42.6%	$5.46-28.6%	$7.65+503%
Valuation
Market capitalization	$40.73B+14.1%	$35.68B-47.3%	$67.75B-18.2%	$82.85B—	——
Enterprise value	$72.55B+18.2%	$61.38B-26.6%	$83.59B-12.3%	$95.36B—	——
Price / sales	6.5×-0.4×	7×-8.8×	15.7×-7.8×	23.5×—	——
Price / book	8.6×-2.1×	10.7×-6.8×	17.5×-13.7×	31.2×—	——
EV / EBITDA	24.2×-1.3×	25.5×-13.3×	38.8×-12.9×	51.7×—	——
EV / sales	11.7×-0.3×	12×-7.5×	19.4×-7.6×	27×—	——
Free cash flow yield	-26.1%-5.7pp	-20.3%-8.4pp	-11.9%-2.3pp	-9.6%—	——
Earnings yield	-3.9%-0.6pp	-3.3%-2.1pp	-1.1%+0.1pp	-1.2%—	——

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Questions, answered.

What are CoreWeave, Inc. 's profit margins?: CoreWeave, Inc. (CRWV) runs a 69.4% gross margin and a -2.6% operating margin, with a -25.6% net margin.
Where do CoreWeave, Inc. 's ratios come from?: Every ratio is computed from CoreWeave, Inc. 's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.