CoreWeave (CRWV) Net Margin (2024 - 2026)
CoreWeave (CRWV) recorded Net Margin of -24.31% in Q2 2026, down 0.38 percentage points from -23.93% a year earlier but up 11.30 percentage points from the prior quarter.
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Analysis
CoreWeave (CRWV) Net Margin (2024 - 2026) Analysis & Trends
On a TTM basis, CoreWeave's Net Margin came in at -25.41% as of Jun 30, 2026, up 6.63 percentage points year-over-year; for FY2025, it was -23.84%, up 25.09 percentage points from FY2024.
- Across earlier years, Net Margin came in at -48.93% in FY2024 (+210.46 pp) and -259.39% in FY2023.
- Quarterly Net Margin has ranged from -85.65% in Q2 2024 to -8.07% in Q3 2025 over the past five years.
- On a year-over-year basis, Net Margin rose in four of the last six quarters, with an average year-over-year change of +22.46 percentage points.
- Per Business Quant, the preceding three quarters came in at -35.61% (Q1 2026), -28.77% (Q4 2025) and -8.07% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,978.22 Bn | 3,913.71 Bn | 62.56 Bn | 39.69% |
| 2 | International Business Machines | 234.30 Bn | 188.91 Bn | 9.71 Bn | 12.80% |
| 3 | Equinix | 98.75 Bn | 86.64 Bn | 1.31 Bn | 19.02% |
| 4 | Cloudflare | 87.20 Bn | 70.73 Bn | 499.52 Mn | -24.42% |
| 5 | Nebius | 29.33 Bn | 2.76 Bn | 448.70 Mn | -32.70% |
| 6 | Verisign | 28.15 Bn | 25.50 Bn | 393.20 Mn | 47.99% |
| 7 | CoreWeave | 24.27 Bn | 11.36 Bn | 1.70 Bn | -24.31% |
| 8 | Nutanix | 15.78 Bn | 7.47 Bn | 651.35 Mn | 167.85% |
| 9 | GoDaddy | 15.07 Bn | 10.45 Bn | 843.00 Mn | 19.51% |
| 10 | Akamai Technologies | 11.38 Bn | 4.78 Bn | 613.75 Mn | 7.22% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -24.31% |
| Mar 31, 2026 | -35.61% |
| Dec 31, 2025 | -28.77% |
| Sep 30, 2025 | -8.07% |
| Jun 30, 2025 | -23.93% |
| Mar 31, 2025 | -37.68% |
| Dec 31, 2024 | -10.71% |
| Sep 30, 2024 | -66.64% |
| Jun 30, 2024 | -85.65% |
| Mar 31, 2024 | -68.50% |
API Access
CoreWeave Net 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=net-margin&ticker=CRWV&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-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=net-margin&ticker=CRWV&period=max&api_key=YOUR_API_KEY");
const data = await res.json();