CoreWeave Inc.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| Revenue | $5.13B | $1.92B | $229.0M |
| Cost of Revenue | $1.45B | $493.0M | $69.0M |
| Gross Profit | $3.68B | $1.42B | $160.0M |
| Gross Margin | 71.7% | 74.3% | 69.9% |
| Operating Expenses | |||
| Research & Development | $352.0M | $56.0M | $21.0M |
| SG&A Expense | $651.0M | $119.0M | $30.0M |
| Operating Income | $-46.0M | $324.0M | $-14.0M |
| Operating Margin | -0.9% | 16.9% | -6.1% |
| Interest Expense | $1.15B | $349.0M | $27.0M |
| Pretax Income | $-1.22B | $-744.0M | $-558.0M |
| Income Tax Expense | $-48.0M | $119.0M | $36.0M |
| Net Income | $-1.17B | $-863.0M | $-594.0M |
| Net Margin | -22.7% | -45.1% | -259.4% |
| EPS (Basic) | $-2.75 | $-2.15 | $-1.55 |
| EPS (Diluted) | $-2.81 | $-2.15 | $-1.55 |
| Shares Outstanding (Basic) | 435.0M | 436.0M | 384.0M |
| Shares Outstanding (Diluted) | 436.0M | 436.0M | 384.0M |
| Dividends Per Share | $0.00 | $0.00 | — |