CoreWeave (CRWV) Operating Income (2024 - 2026)
CoreWeave's (CRWV) quarterly Operating Income came in at -$49.0 million in Q2 2026, down 357.89% year-over-year from $19.0 million in Q2 2025, and up 65.97% quarter-over-quarter from -$144.0 million in Q1 2026.
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Analysis
CoreWeave (CRWV) Operating Income (2024 - 2026) Analysis & Trends
CoreWeave has disclosed Operating Income across 3 years of filings, most recently posting -$49.0 million for Q2 2026.
- In Q2 2026, Operating Income fell 357.89% year-over-year to -$49.0 million; the TTM figure through Jun 2026 stood at -$230.7 million (down 204.2% YoY), while the FY2025 annual figure was -$46.0 million, down 114.2% from the prior year.
- Operating Income came in at -$49.0 million for Q2 2026 at CoreWeave, up from -$144.0 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.
- Average Operating Income over 3 years is $8.5 million, with a median of $17.9 million recorded in 2024.
- Year-over-year, Operating Income plunged 55.73% in 2025 and plunged 433.33% in 2026.
- Over 3 years, Operating Income stood at $112.3 million in 2024, then slumped by 179.77% to -$89.6 million in 2025, then surged by 45.31% to -$49.0 million in 2026.
- Per Business Quant data, the three most recent Operating Income figures were -$49.0 million in Q2 2026, -$144.0 million in Q1 2026, and -$89.6 million in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,717.88 Bn | 3,585.13 Bn | 60.48 Bn | 40.60 Bn |
| 2 | International Business Machines | 219.37 Bn | 208.10 Bn | 9.91 Bn | 2.62 Bn |
| 3 | Cloudflare | 113.46 Bn | 109.29 Bn | 499.52 Mn | -205.70 Mn |
| 4 | Equinix | 102.39 Bn | 100.19 Bn | 1.40 Bn | 665.00 Mn |
| 5 | Nebius | 57.34 Bn | 49.30 Bn | 448.70 Mn | -175.90 Mn |
| 6 | CoreWeave | 47.88 Bn | 42.34 Bn | 1.70 Bn | -49.00 Mn |
| 7 | Verisign | 26.51 Bn | 25.48 Bn | 384.60 Mn | 296.30 Mn |
| 8 | Nutanix | 18.85 Bn | 16.49 Bn | 651.35 Mn | 69.99 Mn |
| 9 | Akamai Technologies | 17.01 Bn | 13.65 Bn | 613.75 Mn | 80.28 Mn |
| 10 | DigitalOcean Holdings | 14.83 Bn | 14.06 Bn | 154.66 Mn | 29.37 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -49.00 Mn |
| Mar 31, 2026 | -144.00 Mn |
| Dec 31, 2025 | -89.59 Mn |
| Sep 30, 2025 | 51.85 Mn |
| Jun 30, 2025 | 19.00 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 |
API Access
CoreWeave Operating Income API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-income&ticker=CRWV&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-income", "ticker": "CRWV", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-income&ticker=CRWV&period=max&api_key=YOUR_API_KEY");
const data = await res.json();