CoreWeave, Inc.

For the period ended Mar 31, 2026. Filed May 8, 2026.

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, 2026 · Filed May 8, 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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Contents

Condensed Consolidated Statements of Operations and Comprehensive Loss

(in millions, except per share data)

	Three Months Ended March 31,
	2026	2025
Revenue	$2,078	$982
Operating expenses:
Cost of revenue	716	262
Technology and infrastructure	1,273	561
Sales and marketing	69	11
General and administrative	164	175
Total operating expenses	2,222	1,009
Operating loss	(144)	(27)
Gain (loss) on fair value adjustments	—	27
Interest expense, net	(536)	(264)
Other income (expense), net	24	(5)
Loss before income taxes	(656)	(269)
Provision for income taxes	84	46
Net loss	(740)	(315)
Other comprehensive income	5	—
Total comprehensive loss	$(735)	$(315)
Net loss attributable to common stockholders, basic	$(740)	$(343)
Net loss attributable to common stockholders, diluted	$(740)	$(370)
Net loss per share attributable to common stockholders, basic	$(1.40)	$(1.40)
Net loss per share attributable to common stockholders, diluted	$(1.40)	$(1.49)
Weighted-average shares used in computing net loss per share attributable to common stockholders, basic	527	246
Weighted-average shares used in computing net loss per share attributable to common stockholders, diluted	527	249

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 (loss)	—	—		—	—	5	—	5
Net loss	—	—		—	—	—	(740)	(740)
Balance, March 31, 2026	532		$—		$(34)	$8,171		$5	$(3,383)	$4,759

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

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.