CoreWeave, Inc.
For the period ended Jun 30, 2026. Filed Aug 12, 2026.
View on SEC.govAbout 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.
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 Operations and Comprehensive Loss
(in millions, except per share data)
| Three Months Ended June 30, | Six Months Ended June 30, | |||
|---|---|---|---|---|
| 2026 | 2025 | 2026 | 2025 | |
| Revenue | $2,575 | $1,212 | $4,653 | $2,194 |
| Operating expenses: | ||||
| Cost of revenue | 879 | 313 | 1,595 | 575 |
| Technology and infrastructure | 1,507 | 670 | 2,780 | 1,231 |
| Sales and marketing | 60 | 36 | 129 | 47 |
| General and administrative | 178 | 174 | 342 | 349 |
| Total operating expenses | 2,624 | 1,193 | 4,846 | 2,202 |
| Operating income (loss) | (49) | 19 | (193) | (8) |
| Gain (loss) on fair value adjustments | — | — | — | 27 |
| Interest expense, net | (640) | (267) | (1,176) | (531) |
| Other income (expense), net | 125 | 6 | 149 | 1 |
| Loss before income taxes | (564) | (242) | (1,220) | (511) |
| Provision for income taxes | 62 | 48 | 146 | 94 |
| Net loss | (626) | (290) | (1,366) | (605) |
| Other comprehensive loss | (23) | — | (18) | — |
| Total comprehensive loss | $(649) | $(290) | $(1,384) | $(605) |
| Net loss attributable to common stockholders, basic | $(626) | $(290) | $(1,366) | $(634) |
| Net loss attributable to common stockholders, diluted | $(626) | $(290) | $(1,366) | $(661) |
| Net loss per share attributable to common stockholders, basic | $(1.14) | $(0.60) | $(2.53) | $(1.73) |
| Net loss per share attributable to common stockholders, diluted | $(1.14) | $(0.60) | $(2.53) | $(1.79) |
| Weighted-average shares used in computing net loss per share attributable to common stockholders, basic | 551 | 487 | 539 | 367 |
| Weighted-average shares used in computing net loss per share attributable to common stockholders, diluted | 551 | 487 | 539 | 369 |
CONDENSED CONSOLIDATED STATEMENTS OF REDEEMABLE CONVERTIBLE PREFERRED STOCK, REDEEMABLE COMMON STOCK, AND STOCKHOLDERS' EQUITY (DEFICIT)
(in millions)
| Common Stock · TreasuryStock · AdditionalPaid-inCapital · Accumulated Other Comprehensive Income · AccumulatedDeficit · Total Stockholders' Equity | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Shares · Amount | ||||||||||
| Balance, December 31, 2025 | 502 | $— | $(34) | $6,012 | $— | $(2,643) | $3,335 | |||
| Issuance of common stock in a private placement, net of issuance costs | 23 | — | — | 1,985 | — | — | 1,985 | |||
| Issuance of common stock upon vesting of restricted stock units | 2 | — | — | — | — | — | — | |||
| Exercise of stock options | 5 | — | — | 8 | — | — | 8 | |||
| Stock-based compensation expense | — | — | — | 166 | — | — | 166 | |||
| Other comprehensive income | — | — | — | — | 5 | — | 5 | |||
| Net loss | — | — | — | — | — | (740) | (740) | |||
| Balance, March 31, 2026 | 532 | $— | $(34) | $8,171 | $5 | $(3,383) | $4,759 | |||
| Issuance of common stock in a private placement, net of issuance costs | 9 | — | — | 997 | — | — | 997 | |||
| Issuance of common stock upon vesting of restricted stock units | 3 | — | — | — | — | — | — | |||
| Exercise of stock options | 4 | — | — | 6 | — | — | 6 | |||
| Conversion of convertible promissory notes | 2 | — | — | 195 | — | — | 195 | |||
| Issuance of common stock under ESPP | — | — | — | 8 | — | — | 8 | |||
| Purchase of capped calls related to convertible senior notes | — | — | — | (492) | — | — | (492) | |||
| Exercise of non-employee option and warrants | 1 | — | — | 15 | — | — | 15 | |||
| Stock-based compensation expense | — | — | — | 185 | — | — | 185 | |||
| Other comprehensive loss | — | — | — | — | (23) | — | (23) | |||
| Net loss | — | — | — | — | — | (626) | (626) | |||
| Balance, June 30, 2026 | 551 | $— | $(34) | $9,085 | $(18) | $(4,009) | $5,024 | |||
| Redeemable ConvertiblePreferred Stock · Redeemable Class A CommonStock · Common Stock · TreasuryStock · AdditionalPaid-inCapital · AccumulatedDeficit · Total Stockholders' Equity (Deficit) | |||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Shares · Amount · Shares · Amount · Shares · Amount | |||||||||||||||||||
| Balance, December 31, 2024 | 185 | $1,722 | — | $— | 233 | $— | $(34) | $1,096 | $(1,476) | $(414) | |||||||||
| Cash dividend on Series C redeemable convertible preferred stock | — | — | — | — | — | — | — | (29) | — | (29) | |||||||||
| Reclassification of warrant liabilities to equity | — | — | — | — | — | — | — | 173 | — | 173 | |||||||||
| Issuance of common stock in connection with initial public offering, net of underwriting discounts and commissions and offering costs | — | — | — | — | 36 | — | — | 1,392 | — | 1,392 | |||||||||
| Conversion of redeemable convertible preferred stock in connection with initial public offering | (185) | (1,722) | 30 | 1,163 | 155 | — | — | 559 | — | 559 | |||||||||
| Issuance of common stock for contract incentive | — | — | — | — | 9 | — | — | 350 | — | 350 | |||||||||
| Tax withholdings on settlement of restricted stock units | — | — | — | — | — | — | — | (16) | — | (16) | |||||||||
| Exercise of stock options | — | — | — | — | 2 | — | — | 3 | — | 3 | |||||||||
| Stock-based compensation expense | — | — | — | — | — | — | — | 203 | — | 203 | |||||||||
| Net loss | — | — | — | — | — | — | — | — | (315) | (315) | |||||||||
| Balance, March 31, 2025 | — | $— | 30 | $1,163 | 435 | $— | $(34) | $3,731 | $(1,791) | $1,906 | |||||||||
| Issuance of common stock upon underwriters' exercise of over-allotment option, net of underwriting discounts and commissions | — | — | — | — | 2 | — | — | 68 | — | 68 | |||||||||
| Issuance of common stock and restricted stock awards for business combination | — | — | — | — | 19 | — | — | 929 | — | 929 | |||||||||
| Issuance of replacement restricted stock units for business combination | — | — | — | — | — | — | — | 4 | — | 4 | |||||||||
| Tax withholdings on issuance of common stock and restricted stock awards for business combination | — | — | — | — | — | — | — | (24) | — | (24) | |||||||||
| Issuance of common stock upon settlement of restricted stock units | — | — | — | — | 2 | — | — | — | — | — | |||||||||
| Redeemable ConvertiblePreferred Stock · Redeemable Class A CommonStock · Common Stock · TreasuryStock · AdditionalPaid-inCapital · AccumulatedDeficit · Total Stockholders' Equity (Deficit) | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Shares · Amount · Shares · Amount · Shares · Amount | ||||||||||
| Tax withholdings on settlement of restricted stock units | — | — | — | — | (1) | — | — | (93) | — | (93) |
| Exercise of stock options | — | — | — | — | 1 | — | — | 1 | — | 1 |
| Stock-based compensation expense | — | — | — | — | — | — | — | 157 | — | 157 |
| Net loss | — | — | — | — | — | — | — | — | (290) | (290) |
| Balance, June 30, 2025 | — | $— | 30 | $1,163 | 458 | $— | $(34) | $4,773 | $(2,081) | $2,658 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.