CoreWeave, Inc.
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CRWV FY 2025 request
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/api/financials?ticker=CRWV&year=2025&quarter=4&full_year_mode=true
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| Metric | FY 2025 | FY 2024 | YoY |
|---|---|---|---|
| Revenue | 5,131 | 1,915 | +167.9% |
Show Geography breakouts |
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| Non Us | 330 | 118 | +179.7% |
| US | 4,801 | 1,797 | +167.2% |
| Cost of Revenue | 1,453 | 493 | +194.7% |
| Technology And Infrastructure | 2,929 | 961 | +204.8% |
| Sales & Marketing | 144 | 18 | +700.0% |
| General & Administrative | 651 | 119 | +447.1% |
| Total Costs & Expenses | 5,177 | 1,591 | +225.4% |
| Operating Income | -46 | 324 | -114.2% |
| Unrealized Gain Loss On Derivatives | 27 | -756 | +103.6% |
| Interest Income Expense Nonoperating Net | -1,229 | -361 | -240.4% |
| Other Non-Operating Income (Expense) | 33 | 49 | -32.7% |
| Income Before Taxes | -1,215 | -744 | -63.3% |
| Income Tax Expense (Benefit) | -48 | 119 | -140.3% |
| Net Income | -1,167 | -863 | -35.2% |
Show Equity Components breakouts |
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| Retained Earnings | -1,167 | -863 | -35.2% |
| Net Income Loss Available To Common Stockholders Basic | -1,196 | -937 | -27.6% |
| Net Income Loss Available To Common Stockholders Diluted | -1,223 | -937 | -30.5% |
| EPS (Basic) | -2.75 | -4.3 | +36.0% |
| EPS (Diluted) | -2.81 | -4.3 | +34.7% |
| Wtd Avg Shares (Basic) | 435 | 218 | +99.5% |
| Wtd Avg Shares (Diluted) | 436 | 218 | +100.0% |
| Research & Development | 352 | 56 | +528.6% |
| Interest Income (FY) | — | — | — |
Show Finance Lease, Transaction [Axis] breakouts |
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| DCSP Financing Obligation | 28 | — | — |
| Preferred Stock Dividends Income Statement Impact | -29 | -74 | +60.8% |
Balance Sheet
| Metric | FY 2025 | FY 2024 | YoY |
|---|---|---|---|
| Current Assets | |||
| Cash & Cash Equivalents | 3,127 | 1,361 | +129.8% |
| Restricted Cash And Cash Equivalents At Carrying Value | 819 | 37 | +2113.5% |
| Marketable Securities (Current) | 34 | — | — |
Show Financial Instrument breakouts |
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| Commercial Paper | 12 | — | — |
| Corporate bonds | 22 | — | — |
| Accounts Receivable | 3,169 | 417 | +660.0% |
| Prepaid Expenses & Other Current Assets | 339 | 101 | +235.6% |
| Total Current Assets | 7,488 | 1,916 | +290.8% |
| Non-Current Assets | |||
| Restricted Cash And Cash Equivalents Noncurrent | 184 | 637 | -71.1% |
| Operating Lease Right-of-Use Assets | 8,231 | 2,590 | +217.8% |
| Goodwill | 1,101 | 20 | +5405.0% |
| Other Non-Current Assets | 1,506 | 721 | +108.9% |
| Total Assets | 49,302 | 17,833 | +176.5% |
| Property, Plant & Equipment | 30,557 | 11,915 | +156.5% |
| Intangible Assets | 235 | 5 | +4600.0% |
Show Finite Lived Intangible Assets By Major Class breakouts |
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| Other Intangible Assets | 56 | 3 | +1766.7% |
| Technology Based Intangible Assets | 179 | 2 | +8850.0% |
| Other Assets | |||
| Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization | 30,557 | 11,915 | +156.5% |
| Intangible Assets Net Excluding Goodwill | 235 | 5 | +4600.0% |
| Current Liabilities | |||
| Accounts Payable | 1,623 | 868 | +87.0% |
| Accrued Liabilities | 5,773 | 356 | +1521.6% |
| Current Portion of Long-Term Debt | 6,708 | 2,468 | +171.8% |
| Deferred Revenue (Current) | 1,709 | 769 | +122.2% |
| Operating Lease Liability Current | 427 | 213 | +100.5% |
| Finance Lease Liability Current | 38 | 58 | -34.5% |
Show Finance Lease, Transaction [Axis] breakouts |
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| DCSP Financing Obligation | 3 | — | — |
| Finance Lease | 3 | — | — |
| Other Liabilities Current | 162 | 231 | -29.9% |
| Total Current Liabilities | 16,440 | 4,963 | +231.3% |
| Debt Current (Q) | — | — | — |
Show Debt Instrument breakouts |
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| Convertible Promissory Notes | 168 | — | — |
| Magnetar Loan | 273 | — | — |
| Non-Current Liabilities | |||
| Long-Term Debt | 14,665 | 5,458 | +168.7% |
| Derivative Liabilities Noncurrent | 1 | 200 | -99.5% |
| Contract With Customer Liability Noncurrent | 6,476 | 3,295 | +96.5% |
| Operating Lease Liabilities | 7,768 | 2,389 | +225.2% |
| Finance Lease Liability Noncurrent | 216 | 34 | +535.3% |
Show Finance Lease, Transaction [Axis] breakouts |
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| DCSP Financing Obligation | 110 | — | — |
| Finance Lease | 118 | — | — |
| Deferred Tax Liabilities | 115 | 149 | -22.8% |
| Other Non-Current Liabilities | 286 | 37 | +673.0% |
| Total Liabilities | 45,967 | 16,525 | +178.2% |
| Long-Term Debt | 21,373 | 7,926 | +169.7% |
Show Debt Instrument breakouts |
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| 2030 Senior Notes | 2,000 | — | — |
| 2031 Convertible Senior Notes | 2,588 | — | — |
| 2031 Senior Notes | 1,750 | — | — |
| DDTL 2.1 Facility | 3,000 | — | — |
| DDTL 3.0 Facility | 2,600 | — | — |
| Stockholders' Equity | |||
| Treasury Stock Common Value | -34 | -34 | 0.0% |
| Additional Paid-In Capital | 6,012 | 1,096 | +448.5% |
| Retained Earnings | -2,643 | -1,476 | -79.1% |
| Total Stockholders' Equity | 3,335 | -414 | +905.6% |
Show Equity Components breakouts |
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| Additional Paid In Capital | 6,012 | 1,096 | +448.5% |
| Retained Earnings | -2,643 | -1,476 | -79.1% |
| Treasury Stock Common | -34 | -34 | 0.0% |
| Total Liabilities & Equity | 49,302 | 17,833 | +176.5% |
| Treasury Stock Common Shares | 7 | 7 | 0.0% |
Cash Flow Statement
| Metric | FY 2025 | FY 2024 | YoY |
|---|---|---|---|
| Operating Activities | |||
| Depreciation & Amortization | 2,454 | 863 | +184.4% |
| Amortization Of Financing Costs And Discounts | 110 | 33 | +233.3% |
| Stock-Based Compensation | 630 | 31 | +1932.3% |
| Operating Lease Right Of Use Asset Amortization Expense | 357 | 123 | +190.2% |
| Deferred Income Taxes | -53 | 113 | -146.9% |
| Fair Value Adjustments Of Warrants And Derivatives | -27 | 756 | -103.6% |
| Gains Losses On Extinguishment Of Debt | 19 | 12 | +58.3% |
| Other Operating Activities Cash Flow Statement | 103 | 3 | +3333.3% |
| Change in Accounts Receivable | -2,749 | -280 | -881.8% |
| Change in Prepaid & Other Assets | -784 | -514 | -52.5% |
| Increase Decrease In Accounts Payable And Accrued Liabilities | 253 | 511 | -50.5% |
| Change in Deferred Revenue | 4,174 | 2,049 | +103.7% |
| Increase Decrease In Operating Lease Liability | -262 | -88 | -197.7% |
| Net Cash from Operations | 3,058 | 2,749 | +11.2% |
| Investing Activities | |||
| Capital Expenditures | -10,309 | -8,702 | -18.5% |
| Payments To Acquire Marketable Securities | -47 | -34 | -38.2% |
| Proceeds From Sale Of Available For Sale Securities Debt | 43 | 188 | -77.1% |
| Proceeds From Sale Of Warrants Received As Lease Incentive | 254 | — | — |
| Payments To Acquire Businesses Net Of Cash Acquired | -108 | — | — |
| Payments To Acquire Notes Receivable | -90 | -60 | -50.0% |
| Other Investing Activities | -14 | -50 | +72.0% |
| Net Cash from Investing | -10,271 | -8,658 | -18.6% |
| Right Of Use Asset Obtained In Exchange For Operating Lease Liability | 5,836 | 2,222 | +162.6% |
| Right Of Use Asset Obtained In Exchange For Finance Lease Liability | 343 | 142 | +141.5% |
Show Finance Lease, Transaction [Axis] breakouts |
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| DCSP Financing Obligation | 123 | — | — |
| Warrants Received As Lease Incentive | 222 | — | — |
| Conversion Of Stock Amount Converted1 | 1,722 | — | — |
| Debt Conversion Converted Instrument Reclassification Of Redeemable Class A Common Stock To Class A Common Stock Amount | 1,163 | — | — |
| Noncash Or Part Noncash Acquisition Noncash Financial Or Equity Instrument Consideration Shares Issued Value | 1,013 | — | — |
| Notes Issued1 | 167 | — | — |
| Stock Issued1 | 350 | — | — |
| Reclassification Of Warrant Liabilities To Equity | 173 | — | — |
| Reclassification Of Customer Deposits To Debt | 230 | — | — |
| Interest Paid Capitalized | 69 | 32 | +115.6% |
| Share Based Compensation Capitalized As Internal Use Software | 59 | 7 | +742.9% |
| Non Cash Investments | 77 | 10 | +670.0% |
| Financing Activities | |||
| Proceeds From Issuance Of Long Term Debt | 11,829 | 7,018 | +68.6% |
| Repayments Of Long Term Debt | -3,399 | -589 | -477.1% |
| Purchase Of Capped Calls | -340 | — | — |
| Proceeds From Issuance Initial Public Offering | 1,491 | — | — |
| Payments Of Dividends Preferred Stock And Preference Stock | -29 | -58 | +50.0% |
| Tax Withholding for Share Compensation | -144 | — | — |
| Proceeds From Stock Options Exercised | 20 | 3 | +566.7% |
| Proceeds From Payments For Other Financing Activities | -120 | -82 | -46.3% |
| Net Cash from Financing | 9,308 | 7,464 | +24.7% |
| Supplemental | |||
| Interest Paid | 869 | 184 | +372.3% |
| Unpaid Capital Expenditures | 11,151 | 893 | +1148.7% |
| Income Taxes Paid | -1 | 14 | -107.1% |
| Other Cash Flow | |||
| Net Change in Cash | 2,095 | 1,555 | +34.7% |
| Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents | 4,130 | 2,035 | +102.9% |
Values in millions USD. Source: SEC EDGAR 10-K filing.