CoreWeave (CRWV) EBITDA Margin (2024 - 2026)
CoreWeave's (CRWV) quarterly EBITDA Margin came in at 35.37% in Q1 2026, down 329.0% year-on-year from 15.45% in Q1 2025, and down 520.6% quarter-over-quarter from 5.7% in Q4 2025.
CoreWeave (CRWV) EBITDA Margin (2024 - 2026) Analysis & Trends
CoreWeave has disclosed EBITDA Margin across 3 years of filings, most recently posting 35.37% for Q1 2026.
- EBITDA Margin for Q1 2026 came in at 35.37%, down 329.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 12.1% (down 1181.0% YoY), and the FY2025 annual result was 0.9%, down 1782.0% from the prior year.
- EBITDA Margin came in at 35.37% for Q1 2026 at CoreWeave, down from 5.7% in the prior quarter.
- In the past five years, EBITDA Margin ranged from a high of 20.06% in Q3 2024 to a low of 35.37% in Q1 2026.
- The 3-year median for EBITDA Margin is 3.8% (2025), against an average of 0.45%.
- Across the five-year window, EBITDA Margin tumbled 4101 bps in 2025 and plunged 329 bps in 2026, its largest moves.
- CoreWeave's EBITDA Margin stood at 15.04% in 2024, then tumbled by 138 bps to 5.7% in 2025, then slumped by 521 bps to 35.37% in 2026.
- The last three EBITDA Margin figures came in at 35.37% (Q1 2026), 5.7% (Q4 2025), and 3.8% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,095.86 Bn | 3,017.59 Bn | 56.06 Bn | 46.33% |
| 2 | Alarum Technologies | 1,030.32 Bn | 1,016.16 Bn | 7.23 Mn | 3.18% |
| 3 | Oracle | 614.12 Bn | 575.54 Bn | 15.14 Bn | 31.79% |
| 4 | Palantir Technologies | 324.44 Bn | 316.52 Bn | 1.42 Bn | 46.18% |
| 5 | Palo Alto Networks | 189.07 Bn | 184.54 Bn | 1.91 Bn | 15.30% |
| 6 | CrowdStrike Holdings | 168.14 Bn | 165.09 Bn | 993.68 Mn | 1.06% |
| 7 | Fortinet | 106.89 Bn | 103.59 Bn | 1.49 Bn | 31.36% |
| 8 | Cloudflare | 88.20 Bn | 87.25 Bn | 455.60 Mn | -9.69% |
| 9 | Synopsys | 88.13 Bn | 88.01 Bn | 1.77 Bn | 8.43% |
| 10 | CoreWeave | 52.91 Bn | 50.64 Bn | 2.01 Bn | -35.37% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -35.37% |
| Dec 31, 2025 | -5.70% |
| Sep 30, 2025 | 3.80% |
| Jun 30, 2025 | 1.58% |
| Mar 31, 2025 | -32.08% |
| Dec 31, 2024 | 15.04% |
| Sep 30, 2024 | 20.06% |
| Jun 30, 2024 | 19.66% |
| Mar 31, 2024 | 8.93% |