CoreWeave annual gross margin
2022
2023
2024
2025
CoreWeave Gross Margin Growth & History (CRWV)
CoreWeave's gross margin was 71.68% for fiscal 2025.
View full CoreWeave company overviewCoreWeave annual gross margin history
| Fiscal year | Period ended | Gross margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 71.68% | −2.57 pp |
| 2024 | 2024-12-31 | 74.26% | +4.39 pp |
| 2023 | 2023-12-31 | 69.87% | +46.45 pp |
| 2022 | 2022-12-31 | 23.42% | — |
CoreWeave quarterly gross margin
Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Gross margin | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | 65.86% | −8.31 pp |
| Q1 2026 | 2026-03-31 | 65.54% | −7.78 pp |
| Q4 2025 | 2025-12-31 | 67.62% | −8.05 pp |
| Q3 2025 | 2025-09-30 | 72.97% | −2.51 pp |
| Q2 2025 | 2025-06-30 | 74.17% | +1.70 pp |
| Q1 2025 | 2025-03-31 | 73.32% | +4.71 pp |
| Q4 2024 | 2024-12-31 | 75.66% | — |
| Q3 2024 | 2024-09-30 | 75.49% | — |
| Q2 2024 | 2024-06-30 | 72.47% | — |
| Q1 2024 | 2024-03-31 | 68.61% | — |
CoreWeave gross margin trends
Between the periods ended 2022-12-31 and 2025-12-31, CoreWeave's gross margin increased from 23.42% to 71.68%, a change of +48.26 percentage points. The latest reported quarter, Q2 2026, shows 65.86%.
About the metric
What gross margin means
Gross margin measures the percentage of revenue remaining after the direct costs of producing goods or services. It helps show how efficiently a company turns sales into gross profit before operating expenses.
Calculation and source
How gross margin is calculated
TickerStat calculates gross margin as SEC-reported gross profit divided by SEC-reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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