CoreWeave (CRWV) EBT Margin (2024 - 2026)
CoreWeave's (CRWV) quarterly EBT Margin came in at 21.9% in Q2 2026, down 194.0% year-over-year from 23.3% in Q2 2025, and up 30.62% quarter-over-quarter from 31.57% in Q1 2026.
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Analysis
CoreWeave (CRWV) EBT Margin (2024 - 2026) Analysis & Trends
CoreWeave has disclosed EBT Margin across 3 years of filings, most recently posting 21.9% for Q2 2026.
- In Q2 2026, EBT Margin fell 194.0% year-over-year to 21.9%; the TTM figure through Jun 2026 stood at 25.35% (down 100.0% YoY), while the FY2025 annual figure was 23.68%, up 1517.0% from the prior year.
- EBT Margin came in at 21.9% for Q2 2026 at CoreWeave, up from 31.57% in the prior quarter.
- In the past five years, EBT Margin ranged from a high of 3.9% in Q4 2024 to a low of 71.55% in Q2 2024.
- Average EBT Margin over 3 years is 33.82%, with a median of 28.55% recorded in 2025.
- The largest YoY upside for EBT Margin was 5158 bps in 2025 against a maximum downside of 2580 bps in 2025.
- Over 3 years, EBT Margin stood at 3.9% in 2024, then slumped by 662 bps to 29.7% in 2025, then climbed by 26 bps to 21.9% in 2026.
- Per Business Quant data, the three most recent EBT Margin figures were 21.9% in Q2 2026, 31.57% in Q1 2026, and 29.7% in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,717.88 Bn | 3,585.13 Bn | 60.48 Bn | 48.94% |
| 2 | International Business Machines | 219.37 Bn | 208.10 Bn | 9.91 Bn | 14.44% |
| 3 | Cloudflare | 113.46 Bn | 109.29 Bn | 499.52 Mn | -24.13% |
| 4 | Equinix | 102.39 Bn | 100.19 Bn | 1.40 Bn | 19.92% |
| 5 | Nebius | 57.34 Bn | 49.30 Bn | 448.70 Mn | -0.12% |
| 6 | CoreWeave | 47.88 Bn | 42.34 Bn | 1.70 Bn | -21.90% |
| 7 | Verisign | 26.51 Bn | 25.48 Bn | 384.60 Mn | 64.80% |
| 8 | Nutanix | 18.85 Bn | 16.49 Bn | 651.35 Mn | 10.93% |
| 9 | Akamai Technologies | 17.01 Bn | 13.65 Bn | 613.75 Mn | 9.10% |
| 10 | DigitalOcean Holdings | 14.83 Bn | 14.06 Bn | 154.66 Mn | 9.65% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -21.90% |
| Mar 31, 2026 | -31.57% |
| Dec 31, 2025 | -29.70% |
| Sep 30, 2025 | -17.35% |
| Jun 30, 2025 | -19.97% |
| Mar 31, 2025 | -27.39% |
| Dec 31, 2024 | -3.90% |
| Sep 30, 2024 | -54.48% |
| Jun 30, 2024 | -71.55% |
| Mar 31, 2024 | -60.34% |
API Access
CoreWeave EBT Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ebt-margin&ticker=CRWV&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebt-margin", "ticker": "CRWV", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ebt-margin&ticker=CRWV&period=max&api_key=YOUR_API_KEY");
const data = await res.json();