CoreWeave, Inc.
For the period ended Jun 30, 2026. Filed Aug 12, 2026.
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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.
Jun 30, 2026 · Filed Aug 12, 2026
CRWV$48.73-0.5%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows
(in millions)
| Six Months Ended June 30, | ||
|---|---|---|
| 2026 | 2025 | |
| Cash flows from operating activities: | ||
| Net loss | $(1,366) | $(605) |
| Adjustments to reconcile net loss to net cash provided by operating activities | ||
| Depreciation and amortization | 2,540 | 1,003 |
| Amortization of debt discounts and issuance costs and accretion of redemption premiums | 86 | 67 |
| Stock-based compensation expense | 318 | 329 |
| Non-cash lease expense | 365 | 144 |
| Deferred income taxes | 140 | 91 |
| Gain on fair value adjustments | — | (27) |
| Other non-cash reconciling items | 97 | 39 |
| Changes in operating assets and liabilities, net of effect of business acquisitions: | ||
| Accounts receivable | 607 | (1,505) |
| Prepaid expenses and other assets | (611) | (70) |
| Accounts payable and accrued expenses | 304 | (289) |
| Deferred revenue | 1,365 | 743 |
| Lease liabilities | (182) | (110) |
| Net cash provided by (used in) operating activities | $3,663 | $(190) |
| Cash flows from investing activities: | ||
| Purchase of property and equipment, including capitalized internal-use software | $(14,117) | $(3,860) |
| Maturities and sales of marketable securities | 18 | 29 |
| Investments related to joint ventures | (550) | (32) |
| Purchase of strategic investments | (138) | — |
| Sales of warrants received as lease incentive | — | 101 |
| Issuance of notes receivable | — | (73) |
| Business combination, net of cash acquired | — | (46) |
| Other investing activities | (87) | 6 |
| Net cash used in investing activities | $(14,874) | $(3,875) |
| Cash flows from financing activities: | ||
| Proceeds from issuance of debt, net | $16,747 | $4,396 |
| Repayments of debt | (5,219) | (1,575) |
| Purchase of capped calls related to convertible senior notes | (492) | — |
| Issuance of common stock in private placements, net of issuance costs | 2,982 | — |
| Payment of tax withholdings on settlement of restricted stock units | — | (133) |
| Proceeds from initial public offering, net of underwriting discounts and commissions | — | 1,491 |
| Redeemable convertible preferred stock cash dividends paid | — | (29) |
| Other financing activities | (33) | (66) |
| Net cash provided by financing activities | $13,985 | $4,084 |
| Net increase (decrease) in cash, cash equivalents, and restricted cash | $2,774 | $19 |
| Cash, cash equivalents, and restricted cash—beginning of period | 4,130 | 2,035 |
| Cash, cash equivalents, and restricted cash—end of period | $6,904 | $2,054 |
| Supplemental disclosures of cash flow information: | ||
| Cash paid for interest, net of capitalized amounts | $806 | $362 |
| Non-cash investing and financing activities: | ||
| Liabilities related to property and equipment additions, including OEM financed additions | $9,796 | $2,155 |
| Reclassification of liabilities related to property and equipment additions to debt upon execution of OEM financing arrangements | 1,469 | — |
| Operating lease right-of-use assets acquired through lease liability | 8,359 | 969 |
| Conversion of convertible promissory notes | 195 | — |
| Conversion of redeemable convertible preferred stock in connection with initial public offering | — | 1,722 |
| Issuance of common stock, restricted stock units, and restricted stock awards for business combinations | — | 933 |
| Issuance of common stock for contract incentive | — | 350 |
| Reclassification of warrant liabilities to equity | — | 173 |
| Reclassification of customer deposit to debt | — | 230 |
| Warrants received as lease incentive | — | 90 |
| Non-cash investments | — | 72 |
| Reconciliation of cash, cash equivalents, and restricted cash to condensed consolidated balance sheets: | ||
| Cash and cash equivalents | $5,524 | $1,153 |
| Restricted cash and cash equivalents, current | 873 | 560 |
| Restricted cash and cash equivalents, non-current | 507 | 341 |
| Total cash, cash equivalents, and restricted cash | $6,904 | $2,054 |
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