CoreWeave (CRWV) Gross Margin (2024 - 2026)
CoreWeave's Gross Margin came in at 65.86% for Q2 2026, down 8.31 percentage points from 74.17% a year earlier but up 0.32 percentage points from the prior quarter.
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Analysis
CoreWeave (CRWV) Gross Margin (2024 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, CoreWeave reported Gross Margin of 67.42%, down 7.05 percentage points year-over-year; for FY2025, it was 71.68%, down 2.57 percentage points from FY2024.
- Going back by year, Gross Margin was 74.26% in FY2024 (+4.39 pp) and 69.87% in FY2023.
- The five-year range for quarterly Gross Margin is 65.54% (Q1 2026) to 75.66% (Q4 2024).
- Year-over-year, Gross Margin has declined for four consecutive quarters, with an average year-over-year change of -3.37 percentage points over the last six quarters.
- Business Quant data shows CRWV's Gross Margin at 65.54% (Q1 2026), 67.61% (Q4 2025) and 72.97% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,932.24 Bn | 3,855.40 Bn | 60.48 Bn | 67.20% |
| 2 | International Business Machines | 219.04 Bn | 169.85 Bn | 9.91 Bn | 57.73% |
| 3 | Cloudflare | 104.70 Bn | 88.23 Bn | 499.52 Mn | 71.76% |
| 4 | Equinix | 97.19 Bn | 85.75 Bn | 1.40 Bn | 53.14% |
| 5 | Nebius | 40.23 Bn | 13.66 Bn | 448.70 Mn | 77.06% |
| 6 | CoreWeave | 33.76 Bn | 20.85 Bn | 1.70 Bn | 65.86% |
| 7 | Verisign | 27.46 Bn | 24.67 Bn | 384.60 Mn | 88.50% |
| 8 | Nutanix | 17.98 Bn | 9.67 Bn | 651.35 Mn | 86.03% |
| 9 | GoDaddy | 13.83 Bn | 9.41 Bn | 828.20 Mn | 63.81% |
| 10 | Akamai Technologies | 12.69 Bn | 6.10 Bn | 613.75 Mn | 55.81% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 65.86% |
| Mar 31, 2026 | 65.54% |
| Dec 31, 2025 | 67.61% |
| Sep 30, 2025 | 72.97% |
| Jun 30, 2025 | 74.17% |
| 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% |
API Access
CoreWeave Gross 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=gross-margin&ticker=CRWV&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-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=gross-margin&ticker=CRWV&period=max&api_key=YOUR_API_KEY");
const data = await res.json();