Filing Flows › CoreWeave (CRWV) › Q1 2026 › vs Q1 2025
CoreWeave (CRWV) Q1 2026 vs Q1 2025 (year over year)
CoreWeave's revenue rose $1.1B (+112%) from $982M in Q1 2025 to $2.1B in Q1 2026.
CoreWeave, Q1 2026: revenue $2.1B (+112% year over year), operating margin -6.9%, net loss $740M, operating cash flow $3.0B. The chart draws each line against Q1 2025, the increases inside each band.
Every line
| Line | Q1 2026 | Q1 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $2.1B | $982M | $1.1B | +112% |
| Net loss | $740M | $315M | $425M | +135% |
| Costs & expenses | $2.8B | $1.3B | $1.5B | +117% |
| Operating costs | $2.2B | $1.0B | $1.2B | +120% |
| Interest & other, net | $512M | $242M | $270M | +112% |
| Income tax | $84.0M | $46.0M | $38.0M | +83% |
| Cost of revenue | $716M | $262M | $454M | +173% |
| Research & development | $104M | $70.0M | $34.0M | +49% |
| Sales & marketing | $69.0M | $11.0M | $58.0M | +527% |
| General & admin | $164M | $175M | −$11.0M | -6% |
| Other operating costs | $1.2B | $491M | $678M | +138% |
| Operating cash sources | $3.7B | $376M | $3.3B | +890% |
| Depreciation & amortization | $1.1B | $444M | $703M | +158% |
| Share-based compensation | $153M | $184M | −$31.0M | -17% |
| Working capital & other | $2.4B | −$252M | $2.7B | — |
| Net loss absorbed | $740M | $315M | $425M | +135% |
| Operating cash flow | $3.0B | $61.0M | $2.9B | 49× |
| Capital expenditures | $7.7B | $1.4B | $6.3B | +447% |
| Negative free cash flow (OCF − capex) | $4.7B | $1.3B | $3.4B | +250% |
Questions
How much did CoreWeave's revenue grow year over year in Q1 2026?
CoreWeave's revenue rose $1.1B (+112%) from $982M in Q1 2025 to $2.1B in Q1 2026.