CoreWeave (CRWV) Margins & Profitability 2025-2026

Gross, EBITDA, operating, and net margin trends

Margins

Profit margins across the income statement

Gross Margin: 65.9%
EBITDA Margin: 52.2%
Op. Margin: -1.9%
Net Margin: -24.3%

Op. margin of -1.9% is down 3.5% YoY — costs are rising relative to revenue. Net margin at -24.3% and gross margin of 65.9% show how much of each revenue dollar survives to profit.

Gross Margin (%)

Revenue left after direct cost of goods sold

EBITDA Margin (%)

Operating profitability independent of capital structure

Operating & Net Margins (%)

How much of each dollar becomes profit