CoreWeave, Inc.

For the period ended Jun 30, 2026. Filed Aug 12, 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.

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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Contents

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

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.