CoreWeave, Inc.

For the period ended Mar 31, 2025. Filed May 15, 2025.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2025 · Filed May 15, 2025

CRWV$48.73-0.5%Stored close · as of Nov 10, 2026

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Contents

Condensed Consolidated Statements of Operations

(in thousands, except per share data)

	Three Months Ended March 31,
	2025	2024
Revenue	$981,632	$188,684
Operating expenses:
Cost of revenue	262,394	59,220
Technology and infrastructure	561,402	92,881
Sales and marketing	10,549	4,050
General and administrative	174,757	15,686
Total operating expenses	1,009,102	171,837
Operating income (loss)	(27,470)	16,847
Gain (loss) on fair value adjustments	26,837	(97,500)
Interest expense, net(a)	(263,835)	(40,656)
Other income (expense), net	(4,137)	7,460
Loss before provision for (benefit from) income taxes	(268,605)	(113,849)
Provision for (benefit from) income taxes	46,036	15,399
Net loss	$(314,641)	$(129,248)
Net loss attributable to common stockholders, basic	$(343,363)	$(129,248)
Net loss attributable to common stockholders, diluted	$(370,208)	$(129,248)
Net loss per share attributable to common stockholders, basic	$(1.40)	$(0.62)
Net loss per share attributable to common stockholders, diluted	$(1.49)	$(0.62)
Weighted-average shares used in computing net loss per share attributable to common stockholders, basic	245,608	209,228
Weighted-average shares used in computing net loss per share attributable to common stockholders, diluted	249,293	209,228

(a)Refer to Note 14—Related-Party Transactions for further information on related party arrangements.

ContentsView on SEC.gov

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