CoreWeave (CRWV) Operating Margin (2024 - 2026)
CoreWeave (CRWV) posted Operating Margin of 6.93% for Q1 2026, down 21.59% sequentially from 5.7% in Q4 2025, and down 418.0% YoY from 2.18% in Q1 2025.
CoreWeave (CRWV) Operating Margin (2024 - 2026) Analysis & Trends
CoreWeave has reported Operating Margin for 3 years, with the latest figure at 6.93% in Q1 2026.
- Quarterly Operating Margin fell 418.0% year-over-year to 6.93% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 2.61% (down 1295.0% YoY) and the FY2025 annual result came in at 0.9%, down 1782.0% from the prior year.
- Operating Margin eased to 6.93% in Q1 2026 per CRWV's latest filing, from 5.7% in the prior quarter.
- Over five years, Operating Margin peaked at 20.06% in Q3 2024 and troughed at 6.93% in Q1 2026.
- A 3-year average of 5.96% and a median of 3.8% in 2025 frame the typical range for Operating Margin.
- The sharpest annual moves came in 2025 and 2026: Operating Margin slumped 2073 bps in 2025, then plunged 418 bps in 2026.
- Over 3 years, Operating Margin stood at 15.04% in 2024, then tumbled by 138 bps to 5.7% in 2025, then decreased by 22 bps to 6.93% in 2026.
- According to Business Quant data, Operating Margin over the past three periods registered 6.93%, 5.7%, and 3.8% for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,576.39 Bn | 3,443.64 Bn | 60.48 Bn | 45.11% |
| 2 | Palantir Technologies | 412.58 Bn | 403.17 Bn | 1.64 Bn | 47.12% |
| 3 | Oracle | 407.66 Bn | 375.77 Bn | - | 31.97% |
| 4 | Palo Alto Networks | 299.27 Bn | 296.16 Bn | 2.03 Bn | -6.10% |
| 5 | Fortinet | 115.83 Bn | 111.76 Bn | 1.64 Bn | 33.66% |
| 6 | Cloudflare | 106.65 Bn | 102.48 Bn | 499.52 Mn | -29.55% |
| 7 | Synopsys | 76.61 Bn | 74.41 Bn | 1.77 Bn | 8.43% |
| 8 | CoreWeave | 51.53 Bn | 45.99 Bn | 1.70 Bn | -1.90% |
| 9 | Block | 47.55 Bn | 41.12 Bn | 3.17 Bn | 6.75% |
| 10 | NetApp | 40.73 Bn | 37.15 Bn | 1.37 Bn | 27.31% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | -1.90% |
| Mar 31, 2026 | -6.93% |
| Dec 31, 2025 | -5.70% |
| Sep 30, 2025 | 3.80% |
| Jun 30, 2025 | 1.58% |
| Mar 31, 2025 | -2.75% |
| Dec 31, 2024 | 15.04% |
| Sep 30, 2024 | 20.06% |
| Jun 30, 2024 | 19.66% |
| Mar 31, 2024 | 8.93% |