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NasdaqGS · Technology · Financials

CoreWeave Inc (CRWV) financial statements and cash flow.

Revenue, profitability, balance-sheet strength, and cash generation for CRWV. Market data source · as of 2026-03-31.

Section freshness

Price Aug 3, 12:11 PM EDT · Statements Mar 30, 8:00 PM EDT

Financial read

CRWV latest financial snapshot.

Start with the latest reported values below. Deeper quarterly and annual statement tables follow when supplied.

Revenue

$2.08B

+111.6% YoY

Net income

-$740.00M

-63.9% QoQ

Free cash flow

-$4.71B

-88.4% QoQ

Net margin

-35.61%

Operating margin -6.93%

Balance sheet coverage

CRWV balance sheet summary

Assets, liabilities, liquidity, debt, and equity sit beside income and cash-flow tables so the statement history reads as one model-ready dataset.

11 quarterly · 2 annual rows · Market data source · as of 2026-03-31

Open balance sheet table

Latest period

Q1 FY2026

11 quarterly · 2 annual rows

Assets / liabilities

$55.57B

Liabilities $50.81B

Cash / debt

$2.24B

Net cash -$22.61B

Equity / working capital

$4.76B

Working capital -$12.21B

Financial statements

CRWV statement coverage.

Income statement, balance sheet, and cash-flow figures for CRWV, with quarterly and annual history in the tables below.

Data last updated

Mar 30, 2026

Income periods

Balance-sheet periods

Cash-flow periods

Quarterly and annual CRWV statements, sourced from Market data source · as of 2026-03-31.

Financial statement period

CRWV statement history

Market data source · as of 2026-03-31 · Data last updated: Mar 30, 2026

ProfitabilityIncome statementRevenue, expenses, margins, and income quality9 quarterly periods Capital structureBalance sheetAssets, liabilities, debt, equity, and share count11 quarterly periods Cash generationCash flowOperating cash flow, CapEx, FCF, buybacks, and dividends9 quarterly periods

Income statement

Quarterly and annual rows for revenue, operating leverage, earnings quality, and margin direction.

8 / 9 Quarterly

Period	Revenue	Operating income	Net income	Net margin	Revenue QoQ	Net income QoQ
Q1 FY2026	$2.08B	-$144.00M	-$740.00M	-35.61%	+32.2%	-63.9%
Q4 FY2025	$1.57B	-$90.06M	-$451.37M	-28.72%	+15.2%	-309.9%
Q3 FY2025	$1.36B	$51.85M	-$110.12M	-8.07%	+12.5%	+62.1%
Q2 FY2025	$1.21B	$19.21M	-$290.51M	-23.95%	+23.5%	+7.8%
Q1 FY2025	$982.00M	-$27.00M	-$315.00M	-32.08%	+31.5%	-518.6%
Q4 FY2024	$747.00M	$112.32M	-$50.92M	-6.82%	+27.9%	+85.8%
Q3 FY2024	$583.94M	$117.12M	-$359.81M	-61.62%	+47.7%	-11.4%
Q2 FY2024	$395.37M	$77.72M	-$323.02M	-81.70%	+109.5%	-149.9%

Balance sheet

Balance-sheet history for assets, liabilities, liquidity, debt, equity, and shares outstanding.

8 / 11 Quarterly

Period	Cash	Current assets	Current liabilities	Total assets	Total liabilities	Total debt	Total equity	Debt QoQ
Q1 FY2026	$2.24B	$5.61B	$17.82B	$55.57B	$50.81B	$24.86B	$4.76B	+16.3%
Q4 FY2025	$3.13B	$7.49B	$16.44B	$49.30B	$45.97B	$21.37B	$3.33B	+52.3%
Q3 FY2025	$1.89B	$4.73B	$9.71B	$32.91B	$29.03B	$14.03B	$3.88B	+27.0%
Q2 FY2025	$1.15B	$3.95B	$7.56B	$26.24B	$22.42B	$11.05B	$2.66B	+26.9%
Q1 FY2025	$1.28B	$3.10B	$7.13B	$21.86B	$18.79B	$8.71B	$1.91B	+9.9%
Q4 FY2024	$1.36B	$1.92B	$4.96B	$17.83B	$16.52B	$7.93B	-$414.00M
Q3 FY2024	$1.36B						-$344.03M
Q2 FY2024	$1.03B						-$1.04B

Cash flow

Operating cash generation, capital expenditure, free cash flow, buybacks, dividends, and cash movement.

8 / 9 Quarterly

Period	Operating cash flow	CapEx	Free cash flow	Net income	FCF QoQ
Q1 FY2026	$2.98B	$7.70B	-$4.71B	-$740.00M	-88.4%
Q4 FY2025	$1.56B	$4.06B	-$2.50B	-$451.37M	-257.4%
Q3 FY2025	$1.69B	$2.39B	-$699.75M	-$110.12M	+74.1%
Q2 FY2025	-$251.08M	$2.45B	-$2.70B	-$290.51M	-100.9%
Q1 FY2025	$61.00M	$1.41B	-$1.35B	-$315.00M	+59.3%
Q4 FY2024	$186.56M	$3.50B	-$3.31B	-$50.92M	-476.9%
Q3 FY2024	$641.22M	$1.22B	-$573.93M	-$359.81M	+75.7%
Q2 FY2024	-$117.82M	$2.25B	-$2.36B	-$323.02M	-896.0%

Valuation and returns

Enterprise value: $67.52B; TECHi computed

Return on equity: -33.45%; Market data source

Return on assets: -2.86%; Market data source

Debt / equity: 5.22; Current ratio 0.31

Ratio values use provider-attributed fields when available and otherwise fall back to TECHi statement math from the visible rows on this page.

Annual revenue and income multiples

Annual sales and income multiple reads use the latest annual statement when available, then fall back to trailing-twelve-month statement math from the visible quarterly rows.

Annual revenue base: $5.13B; Annual statement 2025-12-31

Annual income base: -$1.17B; Annual statement 2025-12-31

Market cap / annual revenue: 8.75; Live market value divided by annual revenue

Annual sales and income multiple

EV / annual revenue13.16

Market capitalization bridge

Market cap / annual revenue8.75

TTM valuation multiples

TTM revenue: $6.23B; Trailing twelve months

TTM EBIT: -$163.00M; TTM operating income

Market cap / TTM revenue: 7.21; Live market value divided by trailing twelve months revenue

EV / TTM revenue: 10.84; Enterprise value divided by trailing twelve months revenue

Live market value is matched against trailing-twelve-month statement bases first so the multiple moves with the tape instead of anchoring to stale fiscal-year rows.

Revenue, net income, and free cash flow

Revenue$2.08BNet income-$740.00MFree cash flow-$4.71B

Q4 FY2024Q3 FY2025Q1 FY2026

Quarterly statement rows, shown on one common dollar scale so margin compression and cash conversion stand out quickly.

Efficiency

Growth vs cost pressure

Revenue growth YoY+111.6%

Debt growth YoY+185.4%

Cash conversion

FCF margini-170.48%

CapEx / revenuei266.53%

Quarterly margin heatmap

Gross margin

Q4 FY2024

—

Q1 FY2025

—

Q2 FY2025

—

Q3 FY2025

—

Q4 FY2025

—

Q1 FY2026

—

Operating margin

Q4 FY2024

15.04%

Q1 FY2025

-2.75%

Q2 FY2025

1.58%

Q3 FY2025

3.80%

Q4 FY2025

-5.73%

Q1 FY2026

-6.93%

Net margin

Q4 FY2024

-6.82%

Q1 FY2025

-32.08%

Q2 FY2025

-23.95%

Q3 FY2025

-8.07%

Q4 FY2025

-28.72%

Q1 FY2026

-35.61%

Latest quarter expense mix

Cost of revenue$716.00M

R&D$104.00M

Profit bridge

EBIT-$144.00M

Pretax income-$656.00M

Tax expense$84.00M

Other income statement lines

Income before tax-$656.00M

Income tax expense$84.00M

Balance sheet · Q1 FY2026

Cash & equivalents: $2.24B

Total debt: $24.86B

Net cash: -$22.61B; Net debt position

Total equity: $4.76B

Balance sheet detail

Current assets: $5.61B

Current liabilities: $17.82B

Receivables: $2.12B

Property, plant & equipment: $36.42B

Current debt: $7.55B

Long-term debt: $17.31B

Debt and liquidity

Debt / revenuei3.99

Debt / income15.61

Cash / debt0.09

Quick ratioi0.24

Cash + short-term investments + receivables / current liabilities

Cash generation

Operating cash flow: $2.98B

Capital expenditure: $7.70B

Free cash flow: -$4.71B

Cash-flow detail

Depreciation & amortization: $1.15B

Investing cash flow: -$7.71B

Financing cash flow: $3.91B

Cash flow read

CRWV is consuming cash this period.

Negative free cash flow can be deliberate (heavy capex on a growth project) or stress (operating cash flow turning south). Compare $2.98B of operating cash flow against $7.70B of capex to see which side is moving.

Frequently asked

Common questions.

What financial data is available for CRWV?

The CRWV Financials page renders only the current income-statement, balance-sheet, cash-flow, or fund rows supplied for CoreWeave Inc. Missing modules and empty line items are omitted.

How current are CRWV's financial statements?

Each visible statement row keeps its reported period and provider attribution. The route redirects to the main quote when no usable financial or fund data remains.

What is CoreWeave Inc's reported net margin?

CoreWeave Inc's fresh reported margin field is -25.57%. The Financials page shows the supporting period data currently available for CRWV.