CoreWeave (CRWV) Net Margin (2024 - 2026)
CoreWeave's (CRWV) quarterly Net Margin came in at 35.61% in Q1 2026, up 207.0% year-on-year from 11.6% in Q1 2025, and down 23.84% quarter-over-quarter from 28.76% in Q4 2025.
CoreWeave (CRWV) Net Margin (2024 - 2026) Analysis & Trends
CoreWeave has disclosed Net Margin across 3 years of filings, most recently posting 35.61% for Q1 2026.
- Net Margin for Q1 2026 came in at 35.61%, up 207.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 25.57% (up 1791.0% YoY), and the FY2025 annual result was 23.31%, up 2562.0% from the prior year.
- Net Margin came in at 35.61% for Q1 2026 at CoreWeave, down 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.
- The 3-year median for Net Margin is 35.61% (2026), against an average of 40.62%.
- Peak annual rise in Net Margin reached 6169 bps in 2025, while the deepest fall reached 1805 bps in 2025.
- CoreWeave's Net Margin stood at 10.71% in 2024, then plunged by 169 bps to 28.76% in 2025, then dropped by 24 bps to 35.61% in 2026.
- The last three Net Margin figures came in at 35.61% (Q1 2026), 28.76% (Q4 2025), and 8.07% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,095.86 Bn | 3,017.59 Bn | 56.06 Bn | 38.34% |
| 2 | Alarum Technologies | 1,030.32 Bn | 1,016.16 Bn | 7.23 Mn | 5.06% |
| 3 | Oracle | 614.12 Bn | 575.54 Bn | 15.14 Bn | 21.52% |
| 4 | Palantir Technologies | 324.44 Bn | 316.52 Bn | 1.42 Bn | 53.68% |
| 5 | Palo Alto Networks | 189.07 Bn | 184.54 Bn | 1.91 Bn | 16.65% |
| 6 | CrowdStrike Holdings | 168.14 Bn | 165.09 Bn | 993.68 Mn | 4.71% |
| 7 | Fortinet | 106.89 Bn | 103.59 Bn | 1.49 Bn | 28.90% |
| 8 | Cloudflare | 88.20 Bn | 87.25 Bn | 455.60 Mn | -3.58% |
| 9 | Synopsys | 88.13 Bn | 88.01 Bn | 1.77 Bn | 2.69% |
| 10 | CoreWeave | 52.91 Bn | 50.64 Bn | 2.01 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 | -37.68% |
| Dec 31, 2024 | -10.71% |
| Sep 30, 2024 | -66.64% |
| Jun 30, 2024 | -85.65% |
| Mar 31, 2024 | -68.50% |