CoreWeave (CRWV) Capital Expenditures (2023 - 2025)
CoreWeave's (CRWV) annual Capital Expenditures came in at $11.2 billion in FY2025, up 28.14% year-over-year from $8.7 billion in FY2024.
Analysis
CoreWeave (CRWV) Capital Expenditures (2023 - 2025) Analysis & Trends
CoreWeave has disclosed Capital Expenditures across 3 years of filings, most recently posting $11.2 billion for FY2025.
- 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 $11.2 billion for FY2025 at CoreWeave, up from $8.7 billion in the prior year.
- In the past five years, Capital Expenditures ranged from a high of $11.2 billion in FY2025 to a low of $2.9 billion in FY2023.
- Average Capital Expenditures over 3 years is $7.6 billion, with a median of $8.7 billion recorded in 2024.
- Year-over-year, Capital Expenditures soared 195.68% in 2024 and grew 28.14% in 2025.
- Over 3 years, Capital Expenditures stood at $2.9 billion in 2023, then soared by 195.68% to $8.7 billion in 2024, then advanced by 28.14% to $11.2 billion in 2025.
- Per Business Quant data, the three most recent Capital Expenditures figures were $11.2 billion in FY2025, $8.7 billion in FY2024, and $2.9 billion in FY2023.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Capital Expenditures (Yr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,681.04 Bn | 3,548.29 Bn | 60.48 Bn | 115.95 Bn |
| 2 | International Business Machines | 229.16 Bn | 217.90 Bn | 9.91 Bn | - |
| 3 | Nebius | 56.81 Bn | 48.77 Bn | 448.70 Mn | - |
| 4 | CoreWeave | 49.03 Bn | 43.49 Bn | 1.70 Bn | - |
| 5 | Nutanix | 17.82 Bn | 15.80 Bn | 610.79 Mn | - |
| 6 | DigitalOcean Holdings | 12.89 Bn | 12.13 Bn | 154.66 Mn | - |
| 7 | Kingsoft Cloud Holdings | 2.97 Bn | 2.28 Bn | 68.71 Mn | - |
| 8 | SharonAI Holdings | 2.13 Bn | 263.45 Mn | 1.17 Mn | - |
| 9 | Tuya | 1.10 Bn | 120.87 Mn | 43.05 Mn | - |
| 10 | Backblaze | 715.48 Mn | 664.10 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | 11.15 Bn |
| Dec 31, 2024 | 8.70 Bn |
| Dec 31, 2023 | 2.94 Bn |