Filing Flows › CoreWeave (CRWV) › Q4 2025
CoreWeave (CRWV) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Mar 2, 2026
CoreWeave (CRWV) reported revenue of $1.6B for the fourth quarter 2025 (Q4 2025), +110% from a year earlier and +15% from the quarter before. Operating margin was -5.7%, net loss $452M (28.7% of revenue).
CoreWeave, Q4 2025: revenue $1.6B (+110% year over year), operating margin -5.7%, net loss $452M, operating cash flow $1.6B. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.6B | +15% | +110% |
| Operating profit | −$89.6M | -273% | — |
| Net earnings | −$452M | — | — |
| Operating cash flow | $1.6B | -8% | +736% |
What changed
Revenue was $1.6B in Q4 2025, up 110% year over year and up 15% from the previous quarter.
Operating costs exceeded revenue by $0.09B, an operating margin of -5.7%. Total costs grew 162% against revenue growth of 110%. The fastest-growing cost line was Sales & marketing (+896%). The quarter ended with a net loss of $0.45B, wider than the previous quarter's $0.11B loss. Net interest and other expense of $0.38B was the main reason.
Operating cash flow was $1.6B (up 736% year over year). Non-cash charges added back $0.82B of depreciation and amortization and $0.16B of share-based compensation. Working capital and other items added $1.0B. Capital expenditures of $4.1B exceeded it, leaving free cash flow of −$2.5B.
Questions
What was CoreWeave's revenue in the fourth quarter 2025?
CoreWeave (CRWV) reported revenue of $1.6B for the fourth quarter 2025 (Q4 2025), +110% from a year earlier and +15% from the quarter before.
Was CoreWeave profitable in the fourth quarter 2025?
Operating loss was $89.6M (-5.7% of revenue) and net loss $452M.
Source: CoreWeave 10-K on SEC EDGAR.