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

CoreWeave has disclosed Cost of Revenue across 3 years of filings, most recently posting $69.0 million for Q1 2026.

• Cost of Revenue for Q1 2026 came in at $69.0 million, down 73.66% year-over-year; the trailing twelve-month figure through Mar 2026 was $1.5 billion (up 6827.73% YoY), and the FY2025 annual result was $1.5 billion, up 7972.22% from the prior year.
• Cost of Revenue came in at $69.0 million for Q1 2026 at CoreWeave, down from $1.4 billion in the prior quarter.
• In the past five years, Cost of Revenue ranged from a high of $1.4 billion in Q4 2025 to a low of -$293.2 million in Q4 2024.
• The 3-year median for Cost of Revenue is $36.8 million (2025), against an average of $165.9 million.
• Across the five-year window, Cost of Revenue jumped 6369.14% in 2025 and slumped 73.66% in 2026, its largest moves.
• CoreWeave's Cost of Revenue stood at -$293.2 million in 2024, then jumped by 564.2% to $1.4 billion in 2025, then slumped by 94.93% to $69.0 million in 2026.
• The last three Cost of Revenue figures came in at $69.0 million (Q1 2026), $1.4 billion (Q4 2025), and $44.6 million (Q3 2025), per Business Quant data.