CoreWeave (CRWV) Operating Expenses (2024 - 2026)
CoreWeave (CRWV) posted Operating Expenses of $2.2 billion for Q1 2026, up 33.74% sequentially from $1.7 billion in Q4 2025, and up 120.22% YoY from $1.0 billion in Q1 2025.
CoreWeave (CRWV) Operating Expenses (2024 - 2026) Analysis & Trends
CoreWeave has reported Operating Expenses for 3 years, with the latest figure at $2.2 billion in Q1 2026.
- Quarterly Operating Expenses rose 120.22% year-over-year to $2.2 billion in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $6.4 billion (up 163.16% YoY) and the FY2025 annual result came in at $5.2 billion, up 225.39% from the prior year.
- Operating Expenses advanced to $2.2 billion in Q1 2026 per CRWV's latest filing, from $1.7 billion in the prior quarter.
- Over five years, Operating Expenses peaked at $2.2 billion in Q1 2026 and troughed at $171.8 million in Q1 2024.
- A 3-year average of $998.9 million and a median of $1.0 billion in 2025 frame the typical range for Operating Expenses.
- The sharpest annual moves came in 2025 and 2026: Operating Expenses jumped 487.18% in 2025, then soared 120.22% in 2026.
- Over 3 years, Operating Expenses stood at $634.7 million in 2024, then soared by 161.78% to $1.7 billion in 2025, then surged by 33.74% to $2.2 billion in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $2.2 billion, $1.7 billion, and $1.3 billion for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
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|---|---|---|---|---|---|
| 1 | Microsoft | 3,679.34 Bn | 3,546.58 Bn | 60.48 Bn | 12.28 Bn |
| 2 | Oracle | 433.50 Bn | 402.15 Bn | - | 13.05 Bn |
| 3 | Palantir Technologies | 418.20 Bn | 408.90 Bn | 1.64 Bn | 726.59 Mn |
| 4 | Palo Alto Networks | 312.41 Bn | 309.30 Bn | 2.03 Bn | 2.21 Bn |
| 5 | Fortinet | 117.38 Bn | 113.31 Bn | 1.64 Bn | 953.90 Mn |
| 6 | Cloudflare | 101.74 Bn | 97.57 Bn | 499.52 Mn | 705.21 Mn |
| 7 | Synopsys | 80.70 Bn | 78.49 Bn | 1.77 Bn | 1.57 Bn |
| 8 | CoreWeave | 58.00 Bn | 52.46 Bn | 1.70 Bn | 2.62 Bn |
| 9 | Block | 49.79 Bn | 43.33 Bn | 3.17 Bn | 2.72 Bn |
| 10 | NetApp | 40.59 Bn | 37.00 Bn | 1.37 Bn | 833.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 2.62 Bn |
| Mar 31, 2026 | 2.22 Bn |
| Dec 31, 2025 | 1.66 Bn |
| Sep 30, 2025 | 1.31 Bn |
| Jun 30, 2025 | 1.19 Bn |
| Mar 31, 2025 | 1.01 Bn |
| Dec 31, 2024 | 634.69 Mn |
| Sep 30, 2024 | 466.83 Mn |
| Jun 30, 2024 | 317.65 Mn |
| Mar 31, 2024 | 171.84 Mn |