CoreWeave (CRWV) Capital Expenditures (2024 - 2026)
CoreWeave's (CRWV) quarterly Capital Expenditures came in at $6.4 billion in Q2 2026, up 248.83% year-over-year from $1.8 billion in Q2 2025, and down 16.54% quarter-over-quarter from $7.7 billion in Q1 2026.
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Analysis
CoreWeave (CRWV) Capital Expenditures (2024 - 2026) Analysis & Trends
CoreWeave has disclosed Capital Expenditures across 3 years of filings, most recently posting $6.4 billion for Q2 2026.
- In Q2 2026, Capital Expenditures rose 248.83% year-over-year to $6.4 billion; the TTM figure through Jun 2026 stood at $21.4 billion (up 149.72% YoY), while the FY2025 annual figure was $11.2 billion, up 28.14% from the prior year.
- Capital Expenditures came in at $6.4 billion for Q2 2026 at CoreWeave, down from $7.7 billion in the prior quarter.
- In the past five years, Capital Expenditures ranged from a high of $7.7 billion in Q1 2026 to a low of $1.2 billion in Q3 2024.
- Average Capital Expenditures over 3 years is $3.4 billion, with a median of $2.3 billion recorded in 2024.
- Year-over-year, Capital Expenditures decreased 18.07% in 2025 and surged 281.13% in 2026.
- Over 3 years, Capital Expenditures stood at $3.5 billion in 2024, then soared by 40.14% to $4.9 billion in 2025, then surged by 31.01% to $6.4 billion in 2026.
- Per Business Quant data, the three most recent Capital Expenditures figures were $6.4 billion in Q2 2026, $7.7 billion in Q1 2026, and $4.9 billion in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Capex (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,717.88 Bn | 3,585.13 Bn | 60.48 Bn | 35.80 Bn |
| 2 | International Business Machines | 219.37 Bn | 208.10 Bn | 9.91 Bn | 229.00 Mn |
| 3 | Cloudflare | 113.46 Bn | 109.29 Bn | 499.52 Mn | 49.96 Mn |
| 4 | Equinix | 102.39 Bn | 100.19 Bn | 1.40 Bn | 1.58 Bn |
| 5 | Nebius | 57.34 Bn | 49.30 Bn | 448.70 Mn | -5.66 Bn |
| 6 | CoreWeave | 47.88 Bn | 42.34 Bn | 1.70 Bn | 6.42 Bn |
| 7 | Verisign | 26.51 Bn | 25.48 Bn | 384.60 Mn | 18.80 Mn |
| 8 | Nutanix | 18.85 Bn | 16.49 Bn | 651.35 Mn | 37.44 Mn |
| 9 | Akamai Technologies | 17.01 Bn | 13.65 Bn | 613.75 Mn | 144.93 Mn |
| 10 | DigitalOcean Holdings | 14.83 Bn | 14.06 Bn | 154.66 Mn | 33.69 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 6.42 Bn |
| Mar 31, 2026 | 7.70 Bn |
| Dec 31, 2025 | 4.06 Bn |
| Sep 30, 2025 | 2.39 Bn |
| Jun 30, 2025 | 2.45 Bn |
| Mar 31, 2025 | 1.41 Bn |
| Dec 31, 2024 | 3.50 Bn |
| Sep 30, 2024 | 1.22 Bn |
| Jun 30, 2024 | 2.25 Bn |
| Mar 31, 2024 | 1.74 Bn |
API Access
CoreWeave Capital Expenditures API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=capital-expenditures&ticker=CRWV&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "capital-expenditures", "ticker": "CRWV", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=capital-expenditures&ticker=CRWV&period=max&api_key=YOUR_API_KEY");
const data = await res.json();