Filing Flows › CoreWeave (CRWV) › Q1 2026
CoreWeave (CRWV) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 8, 2026
CoreWeave (CRWV) reported revenue of $2.1B for the first quarter 2026 (Q1 2026), +112% from a year earlier and +32% from the quarter before. Operating margin was -6.9%, net loss $740M (35.6% of revenue).
CoreWeave, Q1 2026: revenue $2.1B (+112% year over year), operating margin -6.9%, net loss $740M, operating cash flow $3.0B. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.1B | +32% | +112% |
| Operating profit | −$144M | — | — |
| Net earnings | −$740M | — | — |
| Operating cash flow | $3.0B | +91% | 49× |
What changed
Revenue was $2.1B in Q1 2026, up 112% year over year and up 32% from the previous quarter.
Operating costs exceeded revenue by $0.14B, an operating margin of -6.9%. Total costs grew 120% against revenue growth of 112%. The fastest-growing cost line was Sales & marketing (+527%). The quarter ended with a net loss of $0.74B, wider than the previous quarter's $0.45B loss. Net interest and other expense of $0.51B was the main reason.
Operating cash flow was $3.0B (up 4792% year over year). Non-cash charges added back $1.1B of depreciation and amortization and $0.15B of share-based compensation. Working capital and other items added $2.4B. Capital expenditures of $7.7B exceeded it, leaving free cash flow of −$4.7B.
Questions
What was CoreWeave's revenue in the first quarter 2026?
CoreWeave (CRWV) reported revenue of $2.1B for the first quarter 2026 (Q1 2026), +112% from a year earlier and +32% from the quarter before.
Was CoreWeave profitable in the first quarter 2026?
Operating loss was $144M (-6.9% of revenue) and net loss $740M.
Source: CoreWeave 10-Q on SEC EDGAR.