CoreWeave (CRWV) Operating Margin (2024 - 2026)

CoreWeave has disclosed Operating Margin across 3 years of filings, most recently posting 6.93% for Q1 2026.

• Operating Margin for Q1 2026 came in at 6.93%, down 418.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 2.61% (down 1295.0% YoY), and the FY2025 annual result was 0.9%, down 1782.0% from the prior year.
• Operating Margin came in at 6.93% for Q1 2026 at CoreWeave, down from 5.7% in the prior quarter.
• In the past five years, Operating Margin ranged from a high of 20.06% in Q3 2024 to a low of 6.93% in Q1 2026.
• The 3-year median for Operating Margin is 3.8% (2025), against an average of 5.96%.
• Across the five-year window, Operating Margin slumped 2073 bps in 2025 and plunged 418 bps in 2026, its largest moves.
• CoreWeave's Operating Margin stood at 15.04% in 2024, then tumbled by 138 bps to 5.7% in 2025, then fell by 22 bps to 6.93% in 2026.
• The last three Operating Margin figures came in at 6.93% (Q1 2026), 5.7% (Q4 2025), and 3.8% (Q3 2025), per Business Quant data.