CoreWeave, Inc. (CRWV) Financial Statements
CoreWeave financial statements at a glance
CoreWeave reported revenue of $5.13 billion for fiscal year 2025 (ended December 31, 2025), up 167.9% from fiscal year 2024. Net income was -$1.20 billion, a net margin of 23.3% loss, and diluted earnings per share were -$2.81.
At the end of fiscal year 2025 it had total assets of $49.30 billion, total liabilities of $45.97 billion and shareholders' equity of $3.34 billion, with cash and short-term investments of $3.16 billion and total debt of $29.82 billion.
Its operations brought in $3.06 billion of cash; capital spending was $10.31 billion, leaving free cash flow of -$7.25 billion.
The tables below show the income statement, balance sheet and cash flow statement; the key figures of the last 4 fiscal years are at the bottom of the page.
Figures from company filings, in USD; latest fiscal year ended December 31, 2025.
CoreWeave, Inc.
Income Statement
Annual • USD
CoreWeave key figures by fiscal year
| FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|
| Revenue | $5.1B | $1.9B | $228.9M | $15.8M |
| Gross profit | $3.7B | $1.4B | $160.2M | $3.7M |
| Operating income | -$46.0M | $324.4M | -$14.5M | -$22.9M |
| Net income | -$1.2B | -$937.8M | -$593.7M | -$31.1M |
| Diluted EPS | -$2.81 | -$2.33 | -$1.47 | -$0.08 |
| Total assets | $49.3B | $17.8B | $5.0B | – |
| Total liabilities | $46.0B | $18.2B | $5.6B | – |
| Shareholders' equity | $3.3B | -$413.6M | -$596.6M | – |
| Cash and short-term investments | $3.2B | $1.4B | $219.5M | – |
| Total debt | $29.8B | $10.6B | $2.0B | – |
| Operating cash flow | $3.1B | $2.7B | $1.8B | $910,000 |
| Capital spending | $10.3B | $8.7B | $2.9B | $72.4M |
| Free cash flow | -$7.3B | -$6.0B | -$1.1B | -$71.5M |
In USD. Fiscal years as reported by the company; statements on this page go back to fiscal year 2022.
Questions and answers
What was CoreWeave's revenue in fiscal year 2025?
$5.13 billion, up 167.9% from $1.92 billion in fiscal year 2024.
How much profit does CoreWeave make?
CoreWeave reported net income of -$1.20 billion for fiscal year 2025 (23.3% of revenue); operating income was -$46.00 million.
How much cash and debt does CoreWeave have?
At the end of fiscal year 2025: cash and short-term investments of $3.16 billion and total debt of $29.82 billion.
What is CoreWeave's free cash flow?
-$7.25 billion in fiscal year 2025 (operating cash flow of $3.06 billion minus capital spending of $10.31 billion).
