CoreWeave (CRWV) Operating Income (2024 - 2026)
CoreWeave (CRWV) reported Operating Income of -$144.0 million for Q1 2026, down 433.33% on a YoY basis from $43.2 million in Q1 2025, and down 60.73% sequentially from -$89.6 million in Q4 2025.
CoreWeave (CRWV) Operating Income (2024 - 2026) Analysis & Trends
CoreWeave (CRWV) has 3 years of Operating Income data on file, last reported at -$144.0 million in Q1 2026.
- For the quarter ending Q1 2026, Operating Income fell 433.33% year-over-year to -$144.0 million; the trailing twelve-month figure through Mar 2026 stood at -$162.5 million (down 158.01% YoY), and the FY2025 full-year result was -$46.0 million, down 114.2% from the prior year.
- Operating Income fell to -$144.0 million in Q1 2026, from -$89.6 million in the prior quarter.
- In the past five years, Operating Income ranged from a high of $117.1 million in Q3 2024 to a low of -$144.0 million in Q1 2026.
- A 3-year average of $14.9 million and a median of $19.2 million in 2025 frame the typical range for Operating Income.
- Across the five-year window, Operating Income tumbled 55.73% in 2025 and tumbled 433.33% in 2026, its largest moves.
- Tracing CRWV's Operating Income over 3 years: stood at $112.3 million in 2024, then sank by 179.77% to -$89.6 million in 2025, then tumbled by 60.73% to -$144.0 million in 2026.
- Business Quant data shows CRWV's Operating Income at -$144.0 million in Q1 2026, -$89.6 million in Q4 2025, and $51.8 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 2,842.90 Bn | 2,718.46 Bn | 56.06 Bn | 38.40 Bn |
| 2 | PagSeguro Digital | 2,572.26 Bn | 2,572.26 Bn | 358.92 Mn | 722.41 Mn |
| 3 | Oracle | 329.59 Bn | 297.69 Bn | - | 6.13 Bn |
| 4 | Repay Holdings | 314.63 Bn | 314.48 Bn | - | - |
| 5 | Palantir Technologies | 294.47 Bn | 286.44 Bn | 1.42 Bn | 754.00 Mn |
| 6 | Palo Alto Networks | 227.51 Bn | 222.98 Bn | 1.91 Bn | 397.00 Mn |
| 7 | CrowdStrike Holdings | 183.28 Bn | 180.18 Bn | 993.68 Mn | 13.79 Mn |
| 8 | Fortinet | 112.44 Bn | 109.14 Bn | 1.49 Bn | 580.00 Mn |
| 9 | Cloudflare | 92.78 Bn | 91.83 Bn | 455.60 Mn | -61.99 Mn |
| 10 | CoreWeave | 37.91 Bn | 37.11 Bn | 1.36 Bn | -144.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -144.00 Mn |
| Dec 31, 2025 | -89.59 Mn |
| Sep 30, 2025 | 51.85 Mn |
| Jun 30, 2025 | 19.21 Mn |
| Mar 31, 2025 | -27.00 Mn |
| Dec 31, 2024 | 112.32 Mn |
| Sep 30, 2024 | 117.12 Mn |
| Jun 30, 2024 | 77.72 Mn |
| Mar 31, 2024 | 16.85 Mn |