CoreWeave (CRWV) Gross Margin (2024 - 2026)
CoreWeave (CRWV) reported Gross Margin of 65.54% for Q1 2026, down 778.0% on a YoY basis from 9.67% in Q1 2025, and down 3.06% sequentially from 67.61% in Q4 2025.
CoreWeave (CRWV) Gross Margin (2024 - 2026) Analysis & Trends
CoreWeave (CRWV) has 3 years of Gross Margin data on file, last reported at 65.54% in Q1 2026.
- For the quarter ending Q1 2026, Gross Margin fell 778.0% year-over-year to 65.54%; the trailing twelve-month figure through Mar 2026 stood at 69.38% (down 493.0% YoY), and the FY2025 full-year result was 71.68%, down 257.0% from the prior year.
- Gross Margin declined to 65.54% in Q1 2026, from 67.61% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 75.66% in Q4 2024 to a low of 65.54% in Q1 2026.
- A 3-year average of 71.77% and a median of 72.97% in 2025 frame the typical range for Gross Margin.
- Peak annual rise in Gross Margin reached 471 bps in 2025, while the deepest fall reached 805 bps in 2025.
- Tracing CRWV's Gross Margin over 3 years: stood at 75.66% in 2024, then slipped by 11 bps to 67.61% in 2025, then retreated by 3 bps to 65.54% in 2026.
- Business Quant data shows CRWV's Gross Margin at 65.54% in Q1 2026, 67.61% in Q4 2025, and 72.97% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 2,842.90 Bn | 2,718.46 Bn | 56.06 Bn | 67.63% |
| 2 | PagSeguro Digital | 2,572.26 Bn | 2,572.26 Bn | 358.92 Mn | 37.73% |
| 3 | Oracle | 329.59 Bn | 297.69 Bn | - | - |
| 4 | Repay Holdings | 314.63 Bn | 314.48 Bn | - | - |
| 5 | Palantir Technologies | 294.47 Bn | 286.44 Bn | 1.42 Bn | 86.78% |
| 6 | Palo Alto Networks | 227.51 Bn | 222.98 Bn | 1.91 Bn | 73.59% |
| 7 | CrowdStrike Holdings | 183.28 Bn | 180.18 Bn | 993.68 Mn | 76.12% |
| 8 | Fortinet | 112.44 Bn | 109.14 Bn | 1.49 Bn | 80.29% |
| 9 | Cloudflare | 92.78 Bn | 91.83 Bn | 455.60 Mn | 71.21% |
| 10 | CoreWeave | 37.91 Bn | 37.11 Bn | 1.36 Bn | 65.54% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 65.54% |
| Dec 31, 2025 | 67.61% |
| Sep 30, 2025 | 72.97% |
| Jun 30, 2025 | 74.22% |
| Mar 31, 2025 | 73.32% |
| Dec 31, 2024 | 75.66% |
| Sep 30, 2024 | 75.49% |
| Jun 30, 2024 | 72.47% |
| Mar 31, 2024 | 68.61% |