CoreWeave annual operating margin
2022
2023
2024
2025
CoreWeave Operating Margin Growth & History (CRWV)
CoreWeave's operating margin was −0.90% for fiscal 2025.
View full CoreWeave company overviewCoreWeave annual operating margin history
| Fiscal year | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | −0.90% | −17.82 pp |
| 2024 | 2024-12-31 | 16.92% | +23.03 pp |
| 2023 | 2023-12-31 | −6.11% | +138.42 pp |
| 2022 | 2022-12-31 | −144.54% | — |
CoreWeave quarterly operating 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 | Operating margin | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | −1.90% | −3.47 pp |
| Q1 2026 | 2026-03-31 | −6.93% | −4.18 pp |
| Q4 2025 | 2025-12-31 | −5.71% | −20.75 pp |
| Q3 2025 | 2025-09-30 | 3.80% | −16.26 pp |
| Q2 2025 | 2025-06-30 | 1.57% | −18.09 pp |
| Q1 2025 | 2025-03-31 | −2.75% | −11.68 pp |
| Q4 2024 | 2024-12-31 | 15.04% | — |
| Q3 2024 | 2024-09-30 | 20.06% | — |
| Q2 2024 | 2024-06-30 | 19.66% | — |
| Q1 2024 | 2024-03-31 | 8.93% | — |
CoreWeave operating margin trends
Between the periods ended 2022-12-31 and 2025-12-31, CoreWeave's operating margin increased from −144.54% to −0.90%, a change of +143.64 percentage points. The latest reported quarter, Q2 2026, shows −1.90%.
About the metric
What operating margin means
Operating margin measures the percentage of revenue left after operating costs and expenses. It shows how much operating profit a company generates from each dollar of revenue.
Calculation and source
How operating margin is calculated
TickerStat calculates operating margin as SEC-reported operating income 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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