CoreWeave (CRWV) EBT Margin (2024 - 2026)
CoreWeave's EBT Margin was -21.90% in Q2 2026, down 1.94 percentage points from -19.97% a year earlier but up 9.67 percentage points from the prior quarter.
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Analysis
CoreWeave (CRWV) EBT Margin (2024 - 2026) Analysis & Trends
On a trailing twelve-month basis, CoreWeave's EBT Margin was -25.35% through Jun 30, 2026, down 1.00 percentage points year-over-year; for FY2025, it was -23.68%, up 15.17 percentage points from FY2024.
- In earlier years, EBT Margin was -38.85% in FY2024 (+204.82 pp) and -243.67% in FY2023.
- Quarterly EBT Margin has moved between -71.55% (Q2 2024) and -3.90% (Q4 2024) over five years.
- Compared with a year earlier, EBT Margin has declined for three straight quarters, with an average year-over-year change of +14.96 percentage points over the last six quarters.
- Per Business Quant data, CRWV's EBT Margin in the three quarters before Q2 2026 was -31.57% (Q1 2026), -29.70% (Q4 2025) and -17.35% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,978.22 Bn | 3,913.71 Bn | 62.56 Bn | 49.80% |
| 2 | International Business Machines | 234.30 Bn | 188.91 Bn | 9.71 Bn | 14.60% |
| 3 | Equinix | 98.75 Bn | 86.64 Bn | 1.31 Bn | 20.89% |
| 4 | Cloudflare | 87.20 Bn | 70.73 Bn | 499.52 Mn | -24.13% |
| 5 | Nebius | 29.33 Bn | 2.76 Bn | 448.70 Mn | -0.12% |
| 6 | Verisign | 28.15 Bn | 25.50 Bn | 393.20 Mn | 63.12% |
| 7 | CoreWeave | 24.27 Bn | 11.36 Bn | 1.70 Bn | -21.90% |
| 8 | Nutanix | 15.78 Bn | 7.47 Bn | 651.35 Mn | 10.93% |
| 9 | GoDaddy | 15.07 Bn | 10.45 Bn | 843.00 Mn | 24.79% |
| 10 | Akamai Technologies | 11.38 Bn | 4.78 Bn | 613.75 Mn | 9.10% |
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();