CRWV financial statements
The full income statement, balance sheet, and cash-flow statement for CoreWeave Inc. (CRWV), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
| Line item | Trend | FY2025 | FY2024 | FY2023 |
|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | |
| Revenue | 5.13B+167.9% | 1.92B+736.2% | 229M | |
| Cost of revenue | 1.45B+194.7% | 493M+614.5% | 69.0M | |
| Research & development | 352M+528.6% | 56.0M+166.7% | 21.0M | |
| Selling, general & administrative | 651M+447.1% | 119M+296.7% | 30.0M | |
| General & administrative | 651M+447.1% | 119M+296.7% | 30.0M | |
| Selling & marketing | 144M+700.0% | 18.0M+38.5% | 13.0M | |
| Amortization of intangibles | 27.0M | 0.00 | 0.00 | |
| Operating income | -46.0M-114.2% | 324M+2414.3% | -14.0M | |
| Interest expense | 1.15B+228.9% | 349M+1192.6% | 27.0M | |
| Other non-operating income | 33.0M-32.7% | 49.0M+172.2% | 18.0M | |
| Pre-tax income | -1.22B-63.3% | -744M-33.3% | -558M | |
| Income tax | -48.0M-140.3% | 119M+230.6% | 36.0M | |
| -1.17B-35.2% | -863M-45.3% | -594M | ||
| Net income to common | -1.20B-27.6% | -937M-57.7% | -594M | |
| -$2.81+34.7% | -$4.30-39.2% | -$3.09 | ||
| EPS (basic) | -$2.75+36.0% | -$4.30-39.2% | -$3.09 | |
| Weighted-avg shares (basic) | 435M+99.5% | 218M+13.5% | 192M | |
| Weighted-avg shares (diluted) | 436M+100.0% | 218M+13.5% | 192M | |
| Dividends per share | $0.00 | $0.00 | — | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | |
| 7.49B+290.8% | 1.92B | — | ||
| Cash & equivalents | 3.13B+129.8% | 1.36B+527.2% | 217M | |
| Short-term investments | 34.0M | 0.00 | — | |
| Accounts receivable | 3.17B+660.0% | 417M | — | |
| Prepaid expenses | 339M+235.6% | 101M | — | |
| Other current assets | 140M+311.8% | 34.0M | — | |
| 49.3B+176.5% | 17.8B | — | ||
| Property, plant & equipment | 30.6B+156.5% | 11.9B | — | |
| Operating lease right-of-use | 8.23B+217.8% | 2.59B | — | |
| Goodwill | 1.10B+5405.0% | 20.0M | 0.00 | |
| Intangible assets | 235M+4600.0% | 5.00M | — | |
| Other non-current assets | 1.51B+108.9% | 721M | — | |
| 16.4B+231.3% | 4.96B | — | ||
| Accounts payable | 1.62B+87.0% | 868M | — | |
| Accrued liabilities | 5.77B+1521.6% | 356M | — | |
| Deferred revenue | 1.71B+122.2% | 769M | — | |
| Short-term & current debt | 6.71B+171.8% | 2.47B | — | |
| Current lease liability | 427M+100.5% | 213M | — | |
| Other current liabilities | 162M-29.9% | 231M | — | |
| Finance lease liability (current) | 38.0M-34.5% | 58.0M | — | |
| 46.0B+178.2% | 16.5B | — | ||
| Long-term debt | 14.7B+168.7% | 5.46B | — | |
| Deferred revenue (non-current) | 6.48B+96.5% | 3.29B | — | |
| Non-current lease liability | 7.77B+225.2% | 2.39B | — | |
| Operating lease liability (total) | 8.20B+215.0% | 2.60B | — | |
| Finance lease liability (total) | 254M+176.1% | 92.0M | — | |
| Finance lease liability | 216M+535.3% | 34.0M | — | |
| Deferred tax liabilities | 115M-22.8% | 149M | — | |
| Other non-current liabilities | 287M+675.7% | 37.0M | — | |
| 3.33B+905.6% | -414M+30.7% | -597M | ||
| Preferred stock | 0.00 | 0.00 | — | |
| Additional paid-in capital | 6.01B+448.5% | 1.10B | — | |
| Retained earnings | -2.64B-79.1% | -1.48B | — | |
| Treasury stock | 34.0M+0.0% | 34.0M | — | |
| Accumulated other comprehensive income | 0.00 | 0.00 | — | |
| Total liabilities & equity | 49.3B+176.5% | 17.8B | — | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | |
| 3.06B+11.2% | 2.75B+50.0% | 1.83B | ||
| Depreciation & amortization | 2.45B+184.4% | 863M+737.9% | 103M | |
| Intangible amortization | 27.0M | 0.00 | 0.00 | |
| Share-based compensation | 630M+1932.3% | 31.0M+106.7% | 15.0M | |
| Deferred income taxes | -53.0M-146.9% | 113M+213.9% | 36.0M | |
| Change in receivables | 2.75B+881.8% | 280M+72.8% | 162M | |
| Other operating activities | 103M+3333.3% | 3.00M+200.0% | 1.00M | |
| -10.3B-18.6% | -8.66B-175.0% | -3.15B | ||
| Capital expenditure | 10.3B+18.5% | 8.70B+195.7% | 2.94B | |
| Free cash flow | -7.25B-21.8% | -5.95B-436.3% | -1.11B | |
| Acquisitions | 108M | 0.00 | 0.00 | |
| Other investing activities | 14.0M-72.0% | 50.0M+28.2% | 39.0M | |
| 9.31B+24.7% | 7.46B+317.4% | 1.79B | ||
| Long-term debt issued | 11.8B+68.6% | 7.02B+399.9% | 1.40B | |
| Long-term debt repaid | 3.40B+477.1% | 589M+29350.0% | 2.00M | |
| Common stock issued | 0.00 | 0.00-100.0% | 15.0M | |
| Common stock repurchased | 0.00 | 0.00 | 0.00 | |
| Dividends paid | 0.00 | 0.00 | 0.00 | |
| Other financing activities | -120M-46.3% | -82.0M-57.7% | -52.0M | |
| Net change in cash | 2.10B+34.7% | 1.55B+228.8% | 473M | |
| Interest paid | 869M+372.3% | 184M | 0.00 | |
| Income taxes paid | -1.00M-107.1% | 14.0M | 0.00 | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | |
| Market cap | 39.1B | — | — | |
| P/S | 7.6× | — | — | |
| P/B | 11.7× | — | — | |
| Dividend yield | 0.00% | — | — | |
| Source filing | 10-K | 10-K | 10-K |
About this data
Source: CRWV’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all CRWV filings on SEC EDGAR → Not investment advice.