Superworth

CoreWeave profit margin CRWV

Gross, operating and net profit as a share of revenue over the last twelve months, from 2024.

Net margin, 12 months
−25.4%
Operating margin, 12 months
−3.0%
Net margin on a year earlier
+3.4 pts
Peer median
15.1%

Over the twelve months to Jun 30, 2026, CoreWeave kept −25.4% of its revenue as net profit, with an operating margin of −3.0% and a gross margin of 67.4%.

The median for 10 infrastructure software stocks of a similar size is 15.1%.

Profit margin over time

GrossOperatingNet

Open the interactive chart, with overlays and comparisons

Fiscal year by fiscal year

Fiscal yearNet marginOperating marginGross margin
FY2025−22.7%−0.9%71.7%
FY2024−45.1%16.9%74.3%

Quarter by quarter

QuarterEndedNet margin, 12 monthsChange on a yearOperating margin
Q2 FY26−25.4%+3.4 pts−3.0%
Q1 FY26−25.6%+13.2 pts−2.6%
Q4 FY25−22.7%+22.3 pts−0.9%
Q3 FY25−17.8%n/a3.6%
Q2 FY25−28.8%n/a6.3%
Q1 FY25−38.7%n/a10.3%
Q4 FY24−45.1%n/a16.9%
Q3 FY24n/an/an/a
Q2 FY24n/an/an/a
Q1 FY24n/an/an/a

Against its peers

Companies in Software - Infrastructure nearest CoreWeave's size, closest first, today.

CompanyProfit margin
CRWVCoreWeave−25.4%
MDBMongoDB2.1%
VRSNVeriSign49.8%
CPAYCorpay22.7%
RBRKRubrik−16.5%
IOTSamsara4.9%
FFIVF522.0%
OKTAOkta9.6%
TWLOTwilio20.6%
ZSZscaler−1.9%
PTCPTC41.4%
Peer median15.1%

What the profit margin tells you

Profit as a share of revenue at three levels: gross (after making the product), operating (after running the business) and net (after everything, including tax and interest).

Compare within an industry. 10% is superb for a retailer and poor for a software company.

More on CoreWeave

Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.