AI cloud infrastructure company providing GPU compute capacity, managed software, and cloud services for machine learning workloads.MoreShow less
Profile & Fundamentals
CoreWeave (CRWV.NASDAQ) Profile & Fundamentals
Review CoreWeave reported earnings, valuation, balance sheet and ownership, with source tables and separate AI assessments.
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Company and Market Context
CoreWeave: Company Profile & Ownership
CoreWeave, Inc. operates as a cloud infrastructure technology company in the United States. The company offers CoreWeave Cloud platform that comprises proprietary software and cloud services that deliver the automation and efficiency needed to manage complex artificial intelligence (AI) infrastructure at scale. It also offers data and storage solutions, such as Local Object Transport Accelerator; infrastructure control solutions, including CoreWeave Kubernetes service; mission control services, including node, rack, and fleet lifecycle management; model and agent development tools comprising Weights & Biases, an AI developer platform; and runtime acceleration. In addition, the company offers graphics processing unit compute, CPU compute, networking services, managed services, and virtual and bare metal servers. Its services also include visual effects rendering, machine learning, pixel streaming, and batch processing. It has a collaboration with AdaniConneX to operate a data center in India. The company was formerly known as Atlantic Crypto Corporation and changed its name to CoreWeave, Inc. in December 2019. CoreWeave, Inc. was incorporated in 2017 and is based in Livingston, New Jersey.
Company profile record
CoreWeave, Inc. Class A Common Stock
Common Stock · Information Technology · Internet Services & Infrastructure
Company
- Company / asset
- CoreWeave, Inc. Class A Common Stock
- Security type
- Common Stock
- Sector
- Information Technology
- Industry
- Internet Services & Infrastructure
- HQ
- 🇺🇸 United States
- Head office
- 290 West Mount Pleasant Avenue, Livingston, NJ, United States, 07039
Leadership & scale
- Chief executive
- Mr. Michael N. Intrator
- CEO year born
- 1970
- Full-time employees
- 2.2K
- Fiscal year end
- December
- IPO date
- 2025-03-28
Fundamentals snapshot
- Market Cap
- USD 25.6B
- P/E
- --
- Revenue (Q2 26)
- USD 2.6B
- Profit (Q2 26)
- USD -626.0M
- Dividend Yield
- --
- Revenue (FY 25)
- USD 5.1B
- Shares in public float
- 328.3M
- Insider ownership
- 18.62%
Reporting & identifiers
- Symbol
- CRWV.NASDAQ
- Listing
- 🇺🇸 United States | Dividend Tax: 30%
- Ticker Currency
- USD
- Income Statement Currency
- USD
- Balance Sheet Currency
- USD
- Cash Flow Currency
- USD
- EPS Currency
- USD
- Contract Type
- SPOT
- ISIN
- US21873S1087
- Asset ID
- equity_70a7c71e-84a6-50f3-becc-6ffb19ddb1cf
CoreWeave: Ownership
Shares Outstanding
Latest: 551.0M | Max: 551.0M | Min: 197.7M
Latest reported ownership snapshot
Float Shares
59.59%
328.3M latest reported shares
Insider Ownership
18.62%
Latest reported insider stake
Short Float
0.22%
Latest reported short interest / float
Top Holders
Source tablesView ownership tables
Shares Outstanding
Annual reported shares outstanding; up to 10 reporting dates.
Scroll the table to see every column.
| Reporting date | Shares outstanding |
|---|---|
| 2023-01-01 | 197,696,000 |
| 2024-01-01 | 239,333,000 |
| 2025-01-01 | 506,000,000 |
| 2026-01-01 | 551,000,000 |
Top Holders
Available reported ownership records.
Scroll the table to see every column.
| Holder | Shares | Ownership | Reported date |
|---|---|---|---|
| Magnetar Financial LLC | 52,062,927 | 9.44% | 2026-06-30 |
| NVIDIA Corp | 47,213,353 | 8.56% | 2026-06-30 |
| BlackRock Inc | 24,105,966 | 4.37% | 2026-06-30 |
| The Goldman Sachs Group Inc | 18,103,949 | 3.28% | 2026-06-30 |
| Vanguard Portfolio Management, LLC | 17,063,815 | 3.09% | 2026-06-30 |
| Vanguard Capital Management, LLC | 15,789,271 | 2.86% | 2026-06-30 |
| Jane Street Group LLC | 13,885,024 | 2.52% | 2026-06-30 |
| Amvescap Plc. | 12,408,675 | 2.25% | 2026-06-30 |
| Vanguard MStar Total Stk Mkt Idx Invest | 12,384,168 | 2.25% | 2026-09-30 |
| Alyeska Investment Group, L.P. | 10,891,267 | 1.97% | 2026-06-30 |
| Value Aligned Research Advisors LLC | 10,886,110 | 1.97% | 2026-06-30 |
| Invesco QQQ Trust | 9,546,349 | 1.73% | 2026-10-30 |
| Vanguard MStar Mid Cap Index Instl | 8,352,080 | 1.51% | 2026-09-30 |
| Bank of America Corp | 8,272,471 | 1.5% | 2026-06-30 |
| Aspex Management (HK) Ltd | 7,960,201 | 1.44% | 2026-06-30 |
CoreWeave: Earnings, Profitability & Valuation
Latest Financials Filed On
Earnings & Revenue
Earnings and Revenue Trajectory
AI Review
CoreWeave displays an extraordinary contrast between soaring top-line revenue and deeply negative accounting earnings. Second-quarter 2026 revenue doubled year over year to 2.58 billion dollars, bringing trailing twelve-month revenue to 7.59 billion dollars as artificial intelligence developers rented specialized server clusters. However, net losses deepened to 626 million dollars for the quarter and 1.93 billion dollars over the trailing year. This gap exists because rapid hardware expansion carries enormous overhead. Quarterly depreciation charges reached 1.15 billion dollars, while interest payments on borrowed funds climbed to 640 million dollars. Until operating income outgrows these financing costs, surging top-line numbers will not translate into positive profits.
CoreWeave displays an extraordinary contrast between soaring top-line revenue and deeply negative accounting earnings. Second-quarter 2026 revenue doubled year over year to 2.58 billion dollars, bringing trailing twelve-month revenue to 7.59 billion dollars as artificial intelligence developers rented specialized server clusters. However, net losses deepened to 626 million dollars for the quarter and 1.93 billion dollars over the trailing year. This gap exists because rapid hardware expansion carries enormous overhead. Quarterly depreciation charges reached 1.15 billion dollars, while interest payments on borrowed funds climbed to 640 million dollars. Until operating income outgrows these financing costs, surging top-line numbers will not translate into positive profits.
Revenue, Net Income, and Free Cash Flow
Latest: USD 5.1B | Max: USD 5.1B | Min: USD -7.3B
Valuation
P/E Ratio (TTM)iPublished valuation snapshots use the earnings basis recorded with each observation. Source tables retain that basis.
Latest: --
No history available.
Profitability & Margins
Margins and Operating Efficiency
AI Review
CoreWeave's profit margins tell two completely different stories depending on which accounting line is examined. Gross margins appear remarkably strong at 71.7 percent in 2025, proving that clients pay premium rental prices for high-performance computing clusters. This strong spread demonstrates healthy demand for specialized machine-learning infrastructure. However, profitability completely evaporates down the income statement. Operating margins fell to negative 0.9 percent in 2025, while net profit margin sank to negative 22.7 percent. Heavy equipment depreciation and escalating loan interest completely wipe out gross gains, showing that true bottom-line profitability remains out of reach for now.
CoreWeave's profit margins tell two completely different stories depending on which accounting line is examined. Gross margins appear remarkably strong at 71.7 percent in 2025, proving that clients pay premium rental prices for high-performance computing clusters. This strong spread demonstrates healthy demand for specialized machine-learning infrastructure. However, profitability completely evaporates down the income statement. Operating margins fell to negative 0.9 percent in 2025, while net profit margin sank to negative 22.7 percent. Heavy equipment depreciation and escalating loan interest completely wipe out gross gains, showing that true bottom-line profitability remains out of reach for now.
Profitability Margins
Latest: 71.7% | Max: 74.3% | Min: <-100.0%
Latest Profitability Ratios as of 2025-12-31
Gross Margin
71.7%
Gross profit / revenue
Operating Margin
-0.9%
Operating income / revenue
Net Margin
-22.7%
Net income / revenue
FCF Margin
-141.3%
Free cash flow / revenue
Source tablesView earnings, profitability & valuation tables
Revenue, Net Income, and Free Cash Flow
Annual reported results, using the source statement's recorded USD conversion. Up to 10 reporting periods; missing values are not estimated.
Scroll the table to see every column.
| Period end | Revenue (USD) | Net income (USD) | Free cash flow (USD) |
|---|---|---|---|
| 2022-12-31 | 15,830,000 | -31,055,000 | -71,494,000 |
| 2023-12-31 | 229,000,000 | -594,000,000 | -1,110,480,000 |
| 2024-12-31 | 1,915,000,000 | -863,000,000 | -5,952,910,000 |
| 2025-12-31 | 5,131,000,000 | -1,167,000,000 | -7,251,000,000 |
Published P/E Ratio
Published valuation snapshots retain each observation's earnings basis.
No reported records are available in this preview.
Profitability Margins
Matching annual reporting dates. Values are percentages.
Scroll the table to see every column.
| Period end | Gross margin (%) | Operating margin (%) | Net margin (%) | Free cash flow margin (%) |
|---|---|---|---|---|
| 2022-12-31 | 23.42 | -144.54 | -196.18 | -451.64 |
| 2023-12-31 | 69.87 | -6.11 | -259.39 | -484.93 |
| 2024-12-31 | 74.26 | 16.92 | -45.07 | -310.86 |
| 2025-12-31 | 71.68 | -0.9 | -22.74 | -141.32 |
Public data excerpt created by iPulse AI and published by Future Edge Group FZE. Snapshot retrieved 2026-11-05.
Use is subject to the iPulse AI Terms of Service and applicable source rights. Missing inputs are not estimated. Full access includes the remaining records, research and interactive tools.
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