CoreWeave, Inc.
For the period ended Sep 30, 2025. Filed Nov 13, 2025.
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.
Sep 30, 2025 · Filed Nov 13, 2025
CRWV$48.73-0.5%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Balance Sheets
(in thousands, except per share data)
| September 30,2025 | December 31,2024 | |
|---|---|---|
| Assets | ||
| Current assets | ||
| Cash and cash equivalents | $1,894,399 | $1,361,083 |
| Restricted cash and cash equivalents, current | 596,777 | 37,394 |
| Marketable securities | 47,449 | — |
| Accounts receivable, net | 1,659,229 | 416,526 |
| Prepaid expenses and other current assets | 533,429 | 101,246 |
| Total current assets | 4,731,283 | 1,916,249 |
| Restricted cash and cash equivalents, non-current | 477,515 | 637,356 |
| Restricted marketable securities, non-current | — | 29,308 |
| Property and equipment, net | 20,659,181 | 11,914,774 |
| Operating lease right-of-use assets | 4,677,057 | 2,589,547 |
| Intangible assets, net | 200,001 | 4,909 |
| Goodwill | 829,979 | 19,544 |
| Other non-current assets(a) | 1,335,482 | 720,912 |
| Total assets | $32,910,498 | $17,832,599 |
| Liabilities, Redeemable Convertible Preferred Stock, and Stockholders' Equity (Deficit) | ||
| Current liabilities | ||
| Accounts payable | $1,156,978 | $868,259 |
| Accrued liabilities | 3,172,274 | 355,821 |
| Debt, current(a) | 3,712,177 | 2,468,425 |
| Deferred revenue, current | 1,107,580 | 768,927 |
| Operating lease liabilities, current | 345,472 | 213,104 |
| Finance lease liabilities, current | 48,990 | 57,801 |
| Other current liabilities(a) | 171,401 | 230,244 |
| Total current liabilities | 9,714,872 | 4,962,581 |
| Debt, non-current(a) | 10,322,757 | 5,457,915 |
| Derivative and warrant liabilities | 1,710 | 200,089 |
| Deferred revenue, non-current | 4,228,222 | 3,294,977 |
| Operating lease liabilities, non-current | 4,378,869 | 2,388,912 |
| Finance lease liabilities, non-current | 12 | 34,120 |
| Deferred tax liabilities, non-current | 117,633 | 149,232 |
| Other non-current liabilities | 268,409 | 36,260 |
| Total liabilities | 29,032,484 | 16,524,086 |
| Commitments and contingencies (Note 9) | ||
| Redeemable convertible preferred stock(a) | ||
| Redeemable convertible preferred stock, $0.000005 par value per share, no and 206,169 shares authorized as of September 30, 2025 and December 31, 2024, respectively; no and 184,635 shares issued and outstanding as of September 30, 2025 and December 31, 2024, respectively | — | 1,722,111 |
| Stockholders' equity (deficit) | ||
| Preferred stock, $0.000005 par value per share, 100,000 and no shares authorized as of September 30, 2025 and December 31, 2024, respectively; no shares issued and outstanding as of September 30, 2025 and December 31, 2024 | — | — |
| Class A common stock, $0.000005 par value per share, 3,000,000 and 540,680 shares authorized as of September 30, 2025 and December 31, 2024, respectively; 391,445 and 121,277 shares issued as of September 30, 2025 and December 31, 2024, respectively; and 384,857 and 114,689 shares outstanding as of September 30, 2025 and December 31, 2024, respectively | 2 | 1 |
| Class B common stock, $0.000005 par value per share, 200,000 and 150,000 shares authorized as of September 30, 2025 and December 31, 2024, respectively; 112,733 and 118,198 shares issued and outstanding as of September 30, 2025 and December 31, 2024, respectively | 0 | 0 |
| Class C common stock, $0.000005 par value per share, 200,000 and no shares authorized as of September 30, 2025 and December 31, 2024, respectively; no shares issued and outstanding as of September 30, 2025 and December 31, 2024 | — | — |
| Treasury stock, at cost, 6,588 shares as of September 30, 2025 and December 31, 2024 | (33,524) | (33,524) |
| Additional paid-in capital | 6,104,329 | 1,096,160 |
| Accumulated other comprehensive loss | (1,284) | — |
| Accumulated deficit | (2,191,509) | (1,476,235) |
| Total stockholders' equity (deficit) | 3,878,014 | (413,598) |
| Total liabilities, redeemable convertible preferred stock, and stockholders' equity (deficit) | $32,910,498 | $17,832,599 |
(a)Refer to Note 14—Related-Party Transactions for further information on related party arrangements.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.