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Nasdaq · Technology

CoreWeave, Inc. (CRWV)

As-reported financials and SEC filings for CoreWeave, Inc. The latest annual period is FY2025. The latest reported quarter is Q2 FY2026. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About CoreWeave, Inc.

CoreWeave, Inc. provides a cloud platform specifically designed to support artificial intelligence workloads, including AI model training, inference, and data management. The company operates a network of purpose-built data centers with advanced infrastructure and proprietary software to deliver high-performance computing services to enterprises, AI research labs, and technology companies. CoreWeave offers its services through multi-year contracts and on-demand access, enabling customers to develop and deploy AI applications at scale with integrated security and optimized performance.

Snapshot

Revenue
$5.13B
Revenue growth (YoY)
167.9%
Net income
$-1.17B
Diluted EPS
$-2.81
Gross margin
71.7%
Operating margin
-0.9%
Net margin
-22.7%
FCF margin
-141.3%
ROE
-35.0%
net income / fiscal-year-end equity
P/E
trailing when available, otherwise FY EPS
Market cap
$45.14B
Long-term debt / equity
4.40×
non-current term debt only

Fundamentals are from SEC filings for FY2025, the latest annual period (ended December 31, 2025). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.

What changed at CoreWeave

  • Revenue grew 167.9% to $5.1B in FY2025, slower than the 736.2% the year before.
  • Operating margin is -0.9% in FY2025, +5.2 pp against -6.1% in FY2023.
  • Most recent quarter Q2 FY2026: revenue $2.6B, up 112.5% from Q2 FY2025.
  • Free cash flow was negative $7.3B in FY2025.
  • Net loss widened to $1.2B in FY2025, from $863M in FY2024.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where CoreWeave’s fundamentals sit among the 332 software companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Gross margin71.7%
58th percentile of 264
Operating margin-0.9%
42nd percentile of 303
Net margin-22.7%
15th percentile of 307
FCF margin-141.3%
1st percentile of 285
Revenue growth (YoY)+167.9%
97th percentile of 325
ROE-35.0%
17th percentile of 285
Long-term debt / equity4.40×
93rd percentile of 127
Short interest1.63d
22nd percentile of 330

CoreWeave’s FCF margin of -141.3% ranks in the 1st percentile of the 285 software companies reporting it. CoreWeave’s revenue growth of +167.9% ranks in the 97th percentile of the 325 software companies reporting it. CoreWeave’s long-term debt to equity of 4.40 ranks in the 93rd percentile of the 127 software companies reporting it.

No reported insider purchases (code P) in the last 90 days; 995 insider sales totaling $1.17B. For context, about 15% of companies in the universe saw any reported insider purchase (code P) in the same window. Browse insider activity →

Percentiles describe where a figure sits among industry peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 5 of the superinvestors we track (plus 6 quant / multi-strat books), based on each investor’s most recent 13F; periods vary by investor (newest: Q2 2026).

Conviction investors
5
+6 quant / multi-strat
Initiated / added
6
1 new, 5 added
Reduced / exited
7
5 trimmed, 2 exited
Combined position
$1.51B
reported long value
InvestorAs ofPosition valueSharesChange
Altimeter Capital ManagementQ2 2026$604.6M6.1MAdded
Two Sigma InvestmentsquantQ2 2026$341.5M3.4MAdded
ARK Investment ManagementQ2 2026$264.5M2.7MAdded
AppaloosaQ2 2026$107.3M1.1MNew
AQR Capital ManagementquantQ2 2026$104.6M1.1MAdded
Gotham Asset ManagementQ2 2026$37.3M375.0KAdded
Soros Fund ManagementQ2 2026$29.9M300.0KReduced
Citadel AdvisorsquantQ2 2026$7.8M78.5KReduced
D. E. ShawquantQ2 2026$7.4M74.8KReduced
Millennium ManagementquantQ2 2026$365,6103.7KReduced
Point72 Asset ManagementquantQ2 2026$298,6203.0KReduced

No longer held by: Bridgewater Associates (as of Q2 2026), Viking Global Investors (as of Q2 2026)

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.

Buys (90d)
0
code P
Bought (90d)
code P value
Sells (90d)
995
$1.17B
Reported activity
Net selling
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-08-26
filed 2026-08-28
McVeety Kristen JGC and SecretarySell1.1K$88.18$101K
2026-08-26
filed 2026-08-28
McVeety Kristen JGC and SecretarySell724$87.39$63K
2026-08-26
filed 2026-08-28
McVeety Kristen JGC and SecretarySell232$89.24$21K
2026-08-25
filed 2026-08-27
Intrator Michael NCEO and PresidentSell134.1K$88.31$11.8M
2026-08-25
filed 2026-08-27
Intrator Michael NCEO and PresidentSell72.2K$88.31$6.4M
2026-08-25
filed 2026-08-27
Intrator Michael NCEO and PresidentSell62.3K$89.17$5.6M
2026-08-25
filed 2026-08-27
Intrator Michael NCEO and PresidentSell33.5K$89.17$3.0M
2026-08-25
filed 2026-08-27
Agrawal NitinChief Financial OfficerSell3.9K$88.37$345K
2026-08-25
filed 2026-08-27
Intrator Michael NCEO and PresidentSell3.6K$89.93$327K
2026-08-25
filed 2026-08-27
Intrator Michael NCEO and PresidentSell2.0K$89.93$176K
2026-08-25
filed 2026-08-27
Agrawal NitinChief Financial OfficerSell1.5K$89.24$134K
2026-08-25
filed 2026-08-27
Agrawal NitinChief Financial OfficerSell100$90.04$9K

Reported non-derivative purchases and sales (codes P/S) — which may be open-market or private; excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
58.9M
settled 2026-08-14
Change vs prior
-3.9%
vs previous settlement
Days to cover
1.63
at avg daily volume
Avg daily volume
36.2M
FINRA reported
SettlementShares shortChangeDays to cover
2026-08-1458.9M-3.9%1.63
2026-07-3161.3M-4.8%2.27
2026-07-1564.4M-20.5%2.45
2026-06-3081.0M+17.3%2.55
2026-06-1569.0M+26.4%2.36
2026-05-2954.6M+6.1%2.09
2026-05-1551.4M-16.0%1.72
2026-04-3061.2M-5.3%2.33

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2025FY2024FY2023
Revenue$5.13B$1.92B$229.0M
Gross profit$3.68B$1.42B$160.0M
Operating income$-46.0M$324.0M$-14.0M
Net income$-1.17B$-863.0M$-594.0M
Diluted EPS$-2.81$-2.15$-1.54

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Balance sheet (as reported)

 FY2025FY2024FY2023
Cash and equivalents$3.13B$1.36B$217.0M
Current assets$7.49B$1.92B
Total assets$49.30B$17.83B
Current liabilities$16.44B$4.96B
Long-term debt$14.66B$5.46B
Total liabilities$45.97B$16.52B
Total equity$3.33B$-414.0M$-597.0M

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Cash flow (as reported)

 FY2025FY2024FY2023
Operating cash flow$3.06B$2.75B$1.83B
Capital expenditure$10.31B$8.70B$2.94B
Free cash flow$-7.25B$-5.95B$-1.11B

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Quarterly trend (as reported)

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q2 FY2026$2.58B112.5%$-626.0M$-1.14
Q1 FY2026$2.08B111.6%$-740.0M$-1.40
Q4 FY2025$1.57B110.4%$-451.7M$-0.89
Q3 FY2025$1.36B133.7%$-110.1M$-0.22
Q2 FY2025$1.21B206.5%$-290.0M$-0.60
Q1 FY2025$982.0M420.4%$-315.0M
Q4 FY2024$747.0M$-50.9M
Q3 FY2024$583.9M$-359.8M

Latest 8 reported quarters, from company XBRL filings on SEC EDGAR.

Company facts

ExchangeNasdaq
SectorTechnology
SIC industryServices-Prepackaged Software
Latest annual periodFY2025 (ended December 31, 2025)
Latest reported quarterQ2 FY2026 (ended June 30, 2026)
Oldest indexed filing2025
SEC CIK1769628

Selected SEC filings

10-K2026-03-02
View on EDGAR →
10-Q2026-08-12
View on EDGAR →
10-Q2026-05-08
View on EDGAR →
10-Q2025-11-13
View on EDGAR →
10-Q2025-08-13
View on EDGAR →
8-K2026-08-11
View on EDGAR →
8-K2026-08-10
View on EDGAR →
8-K2026-06-18
View on EDGAR →

Largest software peers

All software stocksAll Technology companies →

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Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.