CoreWeave (CRWV) Net Margin (2023 - 2025)

CoreWeave's (CRWV) annual Net Margin came in at 23.31% in FY2025, up 52.36% year-over-year from 48.93% in FY2024.

Analysis

CoreWeave (CRWV) Net Margin (2023 - 2025) Analysis & Trends

CoreWeave has disclosed Net Margin across 3 years of filings, most recently posting 23.31% for FY2025.

In Q2 2026, Net Margin fell 38.0% year-over-year to 24.31%; the TTM figure through Jun 2026 stood at 25.4% (up 586.0% YoY), while the FY2025 annual figure was 23.31%, up 2562.0% from the prior year.
Net Margin came in at 23.31% for FY2025 at CoreWeave, up from 48.93% in the prior year.
In the past five years, Net Margin ranged from a high of 23.31% in FY2025 to a low of 259.39% in FY2023.
Average Net Margin over 3 years is 110.54%, with a median of 48.93% recorded in 2024.
Year-over-year, Net Margin jumped 21046 bps in 2024 and jumped 2562 bps in 2025.
Over 3 years, Net Margin stood at 259.39% in 2023, then jumped by 81 bps to 48.93% in 2024, then soared by 52 bps to 23.31% in 2025.
Per Business Quant data, the three most recent Net Margin figures were 23.31% in FY2025, 48.93% in FY2024, and 259.39% in FY2023.

Peer Set

#	Company	Market Cap	Enterprise Value	Gross Profit (Qtr)	Net Margin (Yr)
1	Microsoft	3,639.54 Bn	3,506.79 Bn	60.48 Bn	39.50%
2	International Business Machines	223.82 Bn	212.46 Bn	9.91 Bn	-
3	Nebius	50.79 Bn	42.75 Bn	448.70 Mn	-
4	CoreWeave	46.01 Bn	40.47 Bn	1.70 Bn	-
5	Nutanix	18.26 Bn	16.24 Bn	610.79 Mn	-
6	DigitalOcean Holdings	12.89 Bn	12.13 Bn	154.66 Mn	-
7	Kingsoft Cloud Holdings	2.58 Bn	1.89 Bn	68.71 Mn	-
8	Tuya	1.07 Bn	90.62 Mn	43.05 Mn	-
9	SharonAI Holdings	983.15 Mn	-878.20 Mn	1.17 Mn	-
10	Backblaze	745.27 Mn	693.89 Mn	-	-

Historic Data

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