Growth Metrics

CoreWeave (CRWV) Cost of Revenue (2024 - 2026)

CoreWeave's Cost of Revenue history spans 2 years, with the latest figure at $1.4 billion for Q4 2025.

  • On a quarterly basis, Cost of Revenue rose 183.41% to $1.4 billion in Q4 2025 year-over-year; TTM through Dec 2025 was $2.3 billion, a 191.24% increase, with the full-year FY2025 number at $1.5 billion, up 194.73% from a year prior.
  • Cost of Revenue hit $1.4 billion in Q4 2025 for CoreWeave, up from $368.8 million in the prior quarter.
  • Over the last five years, Cost of Revenue for CRWV hit a ceiling of $1.4 billion in Q4 2025 and a floor of $59.2 million in Q1 2024.