CoreWeave (CRWV) Cost of Revenue (2024 - 2026)
CoreWeave (CRWV) posted Cost of Revenue of $716.0 million for Q1 2026, up 40.64% sequentially from $509.1 million in Q4 2025, and up 173.28% YoY from $262.0 million in Q1 2025.
CoreWeave (CRWV) Cost of Revenue (2024 - 2026) Analysis & Trends
CoreWeave has reported Cost of Revenue for 3 years, with the latest figure at $716.0 million in Q1 2026.
- Quarterly Cost of Revenue rose 173.28% year-over-year to $716.0 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $1.9 billion (up 174.02% YoY) and the FY2025 annual result came in at $1.5 billion, up 194.73% from the prior year.
- Cost of Revenue advanced to $716.0 million in Q1 2026 per CRWV's latest filing, from $509.1 million in the prior quarter.
- Over five years, Cost of Revenue peaked at $716.0 million in Q1 2026 and troughed at $59.2 million in Q1 2024.
- A 3-year average of $295.7 million and a median of $262.0 million in 2025 frame the typical range for Cost of Revenue.
- The widest YoY moves for Cost of Revenue: up 342.42% in 2025, down 157.68% in 2025.
- Over 3 years, Cost of Revenue stood at $181.8 million in 2024, then surged by 180.03% to $509.1 million in 2025, then soared by 40.64% to $716.0 million in 2026.
- According to Business Quant data, Cost of Revenue over the past three periods registered $716.0 million, $509.1 million, and $368.8 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,679.34 Bn | 3,546.58 Bn | 60.48 Bn | 29.53 Bn |
| 2 | Oracle | 433.50 Bn | 402.15 Bn | - | - |
| 3 | Palantir Technologies | 418.20 Bn | 408.90 Bn | 1.64 Bn | 296.87 Mn |
| 4 | Palo Alto Networks | 312.41 Bn | 309.30 Bn | 2.03 Bn | 974.00 Mn |
| 5 | Fortinet | 117.38 Bn | 113.31 Bn | 1.64 Bn | 404.70 Mn |
| 6 | Cloudflare | 101.74 Bn | 97.57 Bn | 499.52 Mn | 196.54 Mn |
| 7 | Synopsys | 80.70 Bn | 78.49 Bn | 1.77 Bn | 637.38 Mn |
| 8 | CoreWeave | 58.00 Bn | 52.46 Bn | 1.70 Bn | 879.00 Mn |
| 9 | Block | 49.79 Bn | 43.33 Bn | 3.17 Bn | 3.45 Bn |
| 10 | NetApp | 40.59 Bn | 37.00 Bn | 1.37 Bn | 583.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 879.00 Mn |
| Jun 30, 2026 | 879.00 Mn |
| Mar 31, 2026 | 716.00 Mn |
| Mar 31, 2026 | 716.00 Mn |
| Dec 31, 2025 | 509.12 Mn |
| Dec 31, 2025 | 509.12 Mn |
| Sep 30, 2025 | 368.82 Mn |
| Sep 30, 2025 | 368.82 Mn |
| Jun 30, 2025 | 312.67 Mn |
| Jun 30, 2025 | 312.67 Mn |
| Mar 31, 2025 | 262.00 Mn |
| Mar 31, 2025 | 262.00 Mn |
| Dec 31, 2024 | 181.81 Mn |
| Dec 31, 2024 | 181.81 Mn |
| Sep 30, 2024 | 143.13 Mn |
| Sep 30, 2024 | 143.13 Mn |
| Jun 30, 2024 | 108.84 Mn |
| Jun 30, 2024 | 108.84 Mn |
| Mar 31, 2024 | 59.22 Mn |
| Mar 31, 2024 | 59.22 Mn |