CoreWeave, Inc.
Financial Performance
CoreWeave Revenue & Financials
Revenue
$5.1B (FY2025)
Market Cap
$44B
Employees
2,189
What is CoreWeave's revenue?
CoreWeave had $5.1B in revenue for fiscal year 2025, up 167.9% from 2024. It reported a net loss of $1.2B.
- Latest revenue
- $5.1B (FY2025)
- Year-over-year
- +167.9%
- Growth rate (CAGR)
- 373.4% over 2 years
- Peak revenue
- $5.1B (FY2025)
- Years of data
- 3
- Employees
- 2,189
Financial Analysis
CoreWeave's revenue was $229 million in 2023, $1.92 billion in 2024 and $5.13 billion in 2025, with a 2025 net loss of about $1.17 billion. Q2 2026 revenue was $2.575 billion versus $1.212 billion a year earlier; adjusted EBITDA was $1.51 billion (59% margin) but GAAP net loss widened to $626 million because of $640 million of net interest expense. The company raised 2026 revenue guidance to $12.4-$13.2 billion and expects an annualized revenue run-rate of $18.5-$19.5 billion by year-end. Total debt was roughly $35.1 billion at June 30, 2026, and market capitalization was about $44 billion in mid-September 2026. CoreWeave is one of the highest-valued AI infrastructure startups in the world, reaching a private market valuation of approximately $19 billion.
Revenue Trend Analysis
YoY Change
+167.9%
2-Year CAGR
+373.4%
Peak Year
2025
Trend
Not enough comparable years
CoreWeave, Inc. has 3 full fiscal year figures on this page, compounding at +373.4% annually over 2 years. The most recent year saw a 167.9% increase versus the prior year. Annual revenue peaked in fiscal year 2025 at $5.1B. Of 2 comparable year-over-year steps, 2 showed growth and 0 showed a decline.
Annual revenue history
| Fiscal Year | Revenue | Operating Income | Net Income | YoY Change | Source |
|---|---|---|---|---|---|
| FY2025 | $5.1B | -$46M | -$1.2B | +167.9% | CoreWeave, Inc. annual report (SEC EDGAR, filed 2026-03-02) Fiscal year ended 2025-12-31. |
| FY2024 | $1.9B | $324M | -$863M | +736.2% | CoreWeave, Inc. annual report (SEC EDGAR, filed 2026-03-02) Fiscal year ended 2024-12-31. |
| FY2023 | $229M | -$14M | -$594M | — | CoreWeave, Inc. annual report (SEC EDGAR, filed 2026-03-02) Fiscal year ended 2023-12-31. |
Click any row to see year details.
CoreWeave, Inc. balance sheet and cash flow
Balance-sheet figures are as of each fiscal year end; cash-flow figures cover the fiscal year. Taken from the company's annual report on Form 10-K, linked on each row. Free cash flow here is operating cash flow less capital expenditures, calculated by CorpDigest. In some years total assets exceed liabilities plus shareholders' equity because the company reported redeemable preferred stock or non-controlling interests outside both.
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CoreWeave Revenue and Financial FAQ
What was CoreWeave's revenue in 2025?
CoreWeave reported revenue of $5.13 billion for 2025, up from $1.92 billion in 2024 and $229 million in 2023, with a 2025 net loss of about $1.17 billion.
What were CoreWeave's Q2 2026 results?
Revenue was $2.575 billion, up 112% from $1.212 billion a year earlier. Net loss was $626 million, adjusted EBITDA was $1.51 billion, and revenue backlog was about $104 billion.
What is CoreWeave's 2026 guidance?
In August 2026 CoreWeave guided to $12.4-$13.2 billion of revenue, $960 million-$1.15 billion of adjusted operating income and $35-$39 billion of capital expenditure, with a year-end revenue run-rate of $18.5-$19.5 billion.
How much debt does CoreWeave have?
About $35.1 billion as of June 30, 2026, roughly $31.4 billion recourse and $3.7 billion non-recourse; net interest expense was $640 million in Q2 2026.
What is CoreWeave's market cap?
Roughly $44 billion in mid-September 2026, based on a share price in the high $80s; the figure moves daily with the stock.
How much is CoreWeave worth?
In 2024, CoreWeave reached a staggering private valuation of $19 billion. More insanely, they secured over $7 billion in massive debt financing simply by using their physical Nvidia H100 chips as literal collateral.
Cite or embed this data
Using these figures? Please credit CorpDigest with a link.
CorpDigest. "CoreWeave Revenue & Financials." CorpDigest, https://corpdigest.com/company/coreweave/financials.<div style="font-family:system-ui,sans-serif;font-size:14px;line-height:1.5;border:1px solid #e2e8f0;border-radius:8px;padding:12px 16px;max-width:520px"><strong>CoreWeave reported $5.1B in revenue (FY2025).</strong><br>Source: <a href="https://corpdigest.com/company/coreweave/financials" target="_blank" rel="noopener">CorpDigest — CoreWeave financials</a></div>Related Financial Audits
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