CoreWeave, Inc.CRWVEarnings & Financial Report
CoreWeave, Inc. is an American artificial intelligence (AI) cloud-computing company based in Livingston, New Jersey. It specializes in providing cloud-based graphics processing unit (GPU) infrastructure to AI developers and enterprises, and also develops its own chip management software.
CRWV Q4 FY2025 Key Financial Metrics
Revenue
$1.6B
Gross Profit
$1.1B
Operating Profit
$-89.6M
Net Profit
$-451.7M
Gross Margin
67.6%
Operating Margin
-5.7%
Net Margin
-28.7%
YoY Growth
N/A
EPS
$-0.50
CoreWeave, Inc. Q4 FY2025 Financial Summary
CoreWeave, Inc. reported revenue of $1.6B for Q4 FY2025, with a net profit of $-451.7M (-28.7% margin). Cost of goods sold was $509.1M, operating expenses totaled $1.2B.
Key Financial Metrics
| Total Revenue | $1.6B |
|---|---|
| Net Profit | $-451.7M |
| Gross Margin | 67.6% |
| Operating Margin | -5.7% |
| Report Period | Q4 FY2025 |
Revenue Breakdown
CoreWeave, Inc. Q4 FY2025 revenue of $1.6B breaks down across 2 segments, led by US at $1.4B (91.8% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| US | $1.4B | 91.8% |
| Non Us | $129.3M | 8.2% |
CoreWeave, Inc. Revenue by Segment — Quarterly Trend
CoreWeave, Inc. revenue by segment across the last 4 reported quarters, showing how each business line (such as US and Non Us) has evolved quarter over quarter.
| Segment | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 |
|---|---|---|---|---|
| US | $1.4B | $1.3B | $1.1B | $929.4M |
| Non Us | $129.3M | $83.3M | $65.1M | $52.2M |
CoreWeave, Inc. Annual Revenue by Year
CoreWeave, Inc. annual revenue history includes year-by-year totals (for example, 2025 revenue was $5.1B).
| Year | Annual Revenue | |
|---|---|---|
| 2025 | $5.1B | — |
CoreWeave, Inc. Quarterly Revenue & Net Profit History
CoreWeave, Inc. results over the last 6 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 FY2025 | $1.6B | — | $-451.7M | -28.7% |
| Q3 FY2025 | $1.4B | +133.7% | $-110.1M | -8.1% |
| Q2 FY2025 | $1.2B | +206.7% | $-290.5M | -24.0% |
| Q1 FY2025 | $981.6M | +420.3% | $-314.6M | -32.1% |
| Q3 FY2024 | $583.9M | — | $-359.8M | -61.6% |
| Q2 FY2024 | $395.4M | — | $-323.0M | -81.7% |
Income Statement
| Q2 2024 | Q3 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $395.4M | $583.9M | $981.6M | $1.21B | $1.36B | $1.57B |
| YoY Growth | N/A | N/A | 420.3% | 206.7% | 133.7% | N/A |
Balance Sheet
| Q2 2024 | Q3 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|
| Assets | N/A | N/A | $21.86B | $26.24B | $32.91B | $49.30B |
| Liabilities | N/A | N/A | $18.79B | $22.42B | $29.03B | $45.97B |
| Equity | $-1.04B | $-344.0M | $1.91B | $2.66B | $3.88B | $3.33B |
Cash Flow
| Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|
| Operating CF | $61.2M | $-251.3M | $1.69B | $1.56B |