CoreWeave (CRWV) Operating Expenses (2024 - 2026)

CoreWeave has disclosed Operating Expenses across 3 years of filings, most recently posting $2.2 billion for Q1 2026.

• Operating Expenses for Q1 2026 came in at $2.2 billion, up 120.22% year-over-year; the trailing twelve-month figure through Mar 2026 was $6.4 billion (up 163.16% YoY), and the FY2025 annual result was $5.2 billion, up 225.39% from the prior year.
• Operating Expenses came in at $2.2 billion for Q1 2026 at CoreWeave, up from $1.7 billion in the prior quarter.
• In the past five years, Operating Expenses ranged from a high of $2.2 billion in Q1 2026 to a low of $171.8 million in Q1 2024.
• The 3-year median for Operating Expenses is $1.0 billion (2025), against an average of $998.9 million.
• Across the five-year window, Operating Expenses surged 487.18% in 2025 and jumped 120.22% in 2026, its largest moves.
• CoreWeave's Operating Expenses stood at $634.7 million in 2024, then jumped by 161.78% to $1.7 billion in 2025, then soared by 33.74% to $2.2 billion in 2026.
• The last three Operating Expenses figures came in at $2.2 billion (Q1 2026), $1.7 billion (Q4 2025), and $1.3 billion (Q3 2025), per Business Quant data.