CoreWeave (CRWV) Net Margin (2024 - 2026)
CoreWeave (CRWV) reported Net Margin of 35.61% for Q1 2026, down 68.0% on a YoY basis from 111.28% in Q1 2025, and down 23.84% sequentially from 28.76% in Q4 2025.
CoreWeave (CRWV) Net Margin (2024 - 2026) Analysis & Trends
CoreWeave (CRWV) has 3 years of Net Margin data on file, last reported at 35.61% in Q1 2026.
- For the quarter ending Q1 2026, Net Margin fell 68.0% year-over-year to 35.61%; the trailing twelve-month figure through Mar 2026 stood at 25.57% (up 1691.0% YoY), and the FY2025 full-year result was 23.31%, up 2562.0% from the prior year.
- Net Margin eased to 35.61% in Q1 2026, from 28.76% in the prior quarter.
- In the past five years, Net Margin ranged from a high of 8.07% in Q3 2025 to a low of 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.
- Peak annual rise in Net Margin reached 6169 bps in 2025, while the deepest fall reached 1805 bps in 2025.
- Tracing CRWV's Net Margin over 3 years: stood at 10.71% in 2024, then sank by 169 bps to 28.76% in 2025, then slipped by 24 bps to 35.61% in 2026.
- Business Quant data shows CRWV's Net Margin at 35.61% in Q1 2026, 28.76% in Q4 2025, and 8.07% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 2,842.90 Bn | 2,718.46 Bn | 56.06 Bn | 38.34% |
| 2 | PagSeguro Digital | 2,572.26 Bn | 2,572.26 Bn | 358.92 Mn | 13.90% |
| 3 | Oracle | 329.59 Bn | 297.69 Bn | - | 30.88% |
| 4 | Repay Holdings | 314.63 Bn | 314.48 Bn | - | - |
| 5 | Palantir Technologies | 294.47 Bn | 286.44 Bn | 1.42 Bn | 53.68% |
| 6 | Palo Alto Networks | 227.51 Bn | 222.98 Bn | 1.91 Bn | 16.65% |
| 7 | CrowdStrike Holdings | 183.28 Bn | 180.18 Bn | 993.68 Mn | 4.71% |
| 8 | Fortinet | 112.44 Bn | 109.14 Bn | 1.49 Bn | 28.90% |
| 9 | Cloudflare | 92.78 Bn | 91.83 Bn | 455.60 Mn | -3.58% |
| 10 | CoreWeave | 37.91 Bn | 37.11 Bn | 1.36 Bn | -35.61% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |