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
Fiscal year by fiscal year
| Fiscal year | Net margin | Operating margin | Gross margin |
|---|---|---|---|
| FY2025 | −22.7% | −0.9% | 71.7% |
| FY2024 | −45.1% | 16.9% | 74.3% |
Quarter by quarter
| Quarter | Ended | Net margin, 12 months | Change on a year | Operating 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/a | 3.6% | |
| Q2 FY25 | −28.8% | n/a | 6.3% | |
| Q1 FY25 | −38.7% | n/a | 10.3% | |
| Q4 FY24 | −45.1% | n/a | 16.9% | |
| Q3 FY24 | n/a | n/a | n/a | |
| Q2 FY24 | n/a | n/a | n/a | |
| Q1 FY24 | n/a | n/a | n/a |
Against its peers
Companies in Software - Infrastructure nearest CoreWeave's size, closest first, today.
| Company | Profit margin |
|---|---|
| CRWVCoreWeave | −25.4% |
| MDBMongoDB | 2.1% |
| VRSNVeriSign | 49.8% |
| CPAYCorpay | 22.7% |
| RBRKRubrik | −16.5% |
| IOTSamsara | 4.9% |
| FFIVF5 | 22.0% |
| OKTAOkta | 9.6% |
| TWLOTwilio | 20.6% |
| ZSZscaler | −1.9% |
| PTCPTC | 41.4% |
| Peer median | 15.1% |
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.