CoreWeave's Income Statement Analysis: Revenue to Profit Breakdown
CoreWeave's Income Statement Analysis: Revenue to Profit Breakdown
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FY22
Dec 31, 2022
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FY23
Dec 31, 2023
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FY24
Dec 31, 2024
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FY25
Dec 31, 2025
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TTM
Trailing 12M
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Revenue
Total sales generated. |
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$15.83 M | $228.94 M | $1.92 B | $5.13 B | $6.23 B |
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Cost of Revenue Direct cost of goods/services. |
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$12.12 M | $68.78 M | $493.35 M | $1.45 B | $1.91 B |
Gross Profit Revenue minus cost of revenue. |
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$3.71 M | $160.16 M | $1.42 B | $3.68 B | $4.32 B |
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Operating Expense
Costs to run business. |
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$26.59 M | $174.61 M | $1.10 B | $3.72 B | $4.48 B |
Research and Development Investment in innovation. |
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- | - | - | - | - |
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Sales, General and Administrative
Selling and admin costs. |
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$8.48 M | $42.76 M | $137.03 M | $795.00 M | $842.69 M |
General and Administrative Corporate overhead costs. |
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$6.00 M | $29.84 M | $118.64 M | $651.00 M | $640.24 M |
Sales and Marketing Customer acquisition costs. |
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$2.48 M | $12.92 M | $18.39 M | $144.00 M | $202.45 M |
Other Expenses Other operating costs. |
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$18.11 M | $131.86 M | $960.69 M | $2.93 B | $3.64 B |
Operating Income Profit from operations. |
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-$22.88 M | -$14.45 M | $324.36 M | -$46.00 M | -$162.53 M |
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Net Interest Income
Interest income minus expense. |
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-$9.44 M | -$28.40 M | -$360.82 M | -$1.23 B | -$429.17 M |
Interest Income Income from investments. |
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- | - | - | - | - |
Interest Expense Cost of borrowing. |
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$9.44 M | $28.40 M | $360.82 M | $1.23 B | $429.17 M |
Non-Operating Income (ex-Int) Income outside core operations. |
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$2.69 M | $515.19 M | $707.74 M | -$60.00 M | -$61.30 M |
Total Other Income (Net) Net non-operating items. |
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-$12.14 M | -$543.60 M | -$1.07 B | -$1.17 B | -$1.44 B |
Income Before Tax Profit before taxes. |
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-$35.02 M | -$558.05 M | -$744.20 M | -$1.22 B | -$1.60 B |
Income Tax Expense Taxes on income. |
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-$4.15 M | $35.70 M | $119.25 M | -$48.00 M | -$10.04 M |
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Net Income
Final profit. |
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-$31.06 M | -$593.75 M | -$863.45 M | -$1.17 B | -$1.59 B |
Net Income From Continuing Operations Profit from core business. |
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-$30.87 M | -$593.75 M | -$863.45 M | -$1.17 B | -$1.59 B |
Net Income From Discontinued Operations Profit/loss from sold units. |
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-$189.00 K | - | - | - | - |
Other Adjustments to Net Income Additional accounting adjustments. |
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- | - | - | - | - |
Net Income Deductions Reductions from net income. |
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- | - | - | - | - |
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Earnings Per Share
Company profit allocated to each outstanding share. |
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EPS Earnings per share. Formula: Net Income ÷ Shares |
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-$0.08 | -$1.47 | -$2.33 | -$2.75 | -$3.11 |
Diluted EPS EPS including dilution. Formula: Net Income ÷ Diluted Shares |
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-$0.08 | -$1.47 | -$2.33 | -$2.81 | -$3.11 |
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Shares for EPS
Number of shares used to calculate EPS. |
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Weighted Average Shares Outst. Avg shares used for EPS. |
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403.73 M | 403.73 M | 404.41 M | 435.00 M | 527.00 M |
Diluted Average Shares Outst. Shares including dilution. |
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403.73 M | 403.73 M | 404.41 M | 436.00 M | 527.00 M |
| Supplemental Items | ||||||
EBIT Earnings before interest and tax. |
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-$25.57 M | -$529.64 M | -$383.38 M | $14.00 M | -$101.23 M |
EBITDA Earnings before interest, tax, D&A. |
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-$13.88 M | -$426.43 M | $480.04 M | $2.47 B | $3.06 B |
Depreciation and Amortization Non-cash expense for assets. |
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$11.70 M | $103.21 M | $863.41 M | $2.45 B | $3.16 B |
| Company Report |
CoreWeave's Assets vs Liabilities & Equity
CoreWeave's Assets vs Liabilities & Equity
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