CoreWeave (CRWV) Gross Margin (2024 - 2026)
CoreWeave (CRWV) posted Gross Margin of 65.54% for Q1 2026, down 3.06% sequentially from 67.61% in Q4 2025, and down 778.0% YoY from 9.67% in Q1 2025.
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Analysis
CoreWeave (CRWV) Gross Margin (2024 - 2026) Analysis & Trends
CoreWeave has reported Gross Margin for 3 years, with the latest figure at 65.54% in Q1 2026.
- Quarterly Gross Margin fell 778.0% year-over-year to 65.54% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 69.38% (down 493.0% YoY) and the FY2025 annual result came in at 71.68%, down 257.0% from the prior year.
- Gross Margin declined to 65.54% in Q1 2026 per CRWV's latest filing, from 67.61% in the prior quarter.
- Over five years, Gross Margin peaked at 75.66% in Q4 2024 and troughed at 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.
- The widest YoY moves for Gross Margin: up 471 bps in 2025, down 805 bps in 2025.
- Over 3 years, Gross Margin stood at 75.66% in 2024, then fell by 11 bps to 67.61% in 2025, then dropped by 3 bps to 65.54% in 2026.
- According to Business Quant data, Gross Margin over the past three periods registered 65.54%, 67.61%, and 72.97% for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,713.76 Bn | 3,581.01 Bn | 60.48 Bn | 67.20% |
| 2 | Oracle | 450.04 Bn | 418.14 Bn | - | - |
| 3 | Palantir Technologies | 418.31 Bn | 408.90 Bn | 1.64 Bn | 84.66% |
| 4 | Palo Alto Networks | 267.65 Bn | 264.54 Bn | 2.03 Bn | 67.55% |
| 5 | CrowdStrike Holdings | 216.60 Bn | 211.59 Bn | 1.10 Bn | 74.57% |
| 6 | Fortinet | 114.71 Bn | 110.64 Bn | 1.64 Bn | 80.24% |
| 7 | Cloudflare | 99.23 Bn | 95.07 Bn | 499.52 Mn | 71.76% |
| 8 | Synopsys | 75.15 Bn | 71.55 Bn | 1.80 Bn | 72.57% |
| 9 | Block | 49.78 Bn | 43.36 Bn | 3.17 Bn | 47.84% |
| 10 | CoreWeave | 48.53 Bn | 42.99 Bn | 1.70 Bn | 65.86% |
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% |