CoreWeave (CRWV) Net Margin (2024 - 2026)
CoreWeave (CRWV) posted Net Margin of 35.61% for Q1 2026, down 23.84% sequentially from 28.76% in Q4 2025, and down 68.0% YoY from 111.28% in Q1 2025.
CoreWeave (CRWV) Net Margin (2024 - 2026) Analysis & Trends
CoreWeave has reported Net Margin for 3 years, with the latest figure at 35.61% in Q1 2026.
- Quarterly Net Margin fell 68.0% year-over-year to 35.61% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 25.57% (up 1691.0% YoY) and the FY2025 annual result came in at 23.31%, up 2562.0% from the prior year.
- Net Margin eased to 35.61% in Q1 2026 per CRWV's latest filing, from 28.76% in the prior quarter.
- Over five years, Net Margin peaked at 8.07% in Q3 2025 and troughed at 85.65% in Q2 2024.
- A 3-year average of 40.31% and a median of 34.93% in 2025 frame the typical range for Net Margin.
- The widest YoY moves for Net Margin: up 6169 bps in 2025, down 1805 bps in 2025.
- Over 3 years, Net Margin stood at 10.71% in 2024, then plunged by 169 bps to 28.76% in 2025, then fell by 24 bps to 35.61% in 2026.
- According to Business Quant data, Net Margin over the past three periods registered 35.61%, 28.76%, and 8.07% for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,679.34 Bn | 3,546.58 Bn | 60.48 Bn | 36.78% |
| 2 | Oracle | 433.50 Bn | 402.15 Bn | - | 30.88% |
| 3 | Palantir Technologies | 418.20 Bn | 408.90 Bn | 1.64 Bn | 55.08% |
| 4 | Palo Alto Networks | 312.41 Bn | 309.30 Bn | 2.03 Bn | -5.90% |
| 5 | Fortinet | 117.38 Bn | 113.31 Bn | 1.64 Bn | 29.55% |
| 6 | Cloudflare | 101.74 Bn | 97.57 Bn | 499.52 Mn | -24.42% |
| 7 | Synopsys | 80.70 Bn | 78.49 Bn | 1.77 Bn | 2.69% |
| 8 | CoreWeave | 58.00 Bn | 52.46 Bn | 1.70 Bn | -24.31% |
| 9 | Block | 49.79 Bn | 43.33 Bn | 3.17 Bn | 1.32% |
| 10 | NetApp | 40.59 Bn | 37.00 Bn | 1.37 Bn | -30.24% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | -24.31% |
| Mar 31, 2026 | -35.61% |
| Dec 31, 2025 | -28.76% |
| Sep 30, 2025 | -8.07% |
| Jun 30, 2025 | -23.95% |
| Mar 31, 2025 | -34.93% |
| Dec 31, 2024 | -10.71% |
| Sep 30, 2024 | -66.64% |
| Jun 30, 2024 | -85.65% |
| Mar 31, 2024 | -68.50% |