NASDAQ$CRWV

CoreWeave Inc · Q1 2026 earnings

Q1 2026 earnings · · Investor relations

Briefing

CoreWeave reported Q1 2026 revenue of $2.08B and a net loss of $740M ($1.40 per share) amid AI cloud capacity build-out.

Q1 2026 revenue surged to $2.08 billion from $982 million as GPU cloud demand accelerated. Operating loss was $144 million versus $27 million; net loss was $740 million ($1.40 basic and diluted EPS). Cost of revenue was $716 million with heavy sales and marketing and infrastructure investment.

  • Revenue $2.08B (+112% YoY).
  • Net loss $(740)M; EPS $(1.40).
  • Operating loss $(144)M.
  • Cost of revenue $716M on capacity scale-up.
  • AI infrastructure capex and customer concentration risks.

Headline financials

Total Revenue

$2.08B

Previous: $982M+111.7%
EPS (adj)

-$1.40

Previous: -$1.49+6.0%
Capital Expenditures

-$7.7B

Previous: -$1.41B-446.8%
Free Cash Flow

-$4.71B

Previous: -$1.72B-173.6%
Net Income

-$740M

Previous: -$315M-135.2%
Operating Income

-$144M

Previous: -$27.5M-424.2%
Gross Profit

$1.36B

Previous: $719M+89.4%
Cash & Equivalents

$2.24B

Previous: $1.28B+75.8%
Total Assets

$55.6B

Previous: $21.9B+154.2%

Revenue & EPS history

CoreWeave Inc · Revenue · Quarterly

$2.08B

Q1 2026+111.7%vs Q1 2025
Beat estimate in 3 of 3 quarters(100%)
ActualEstimate

Forward guidance

Filings emphasize data-center expansion, customer contracts, and funding needs rather than near-term profitability guidance.

Tailwinds

  • Hypergrowth revenue on AI cloud demand.
  • Large addressable market for GPU compute.

Headwinds

  • Substantial net loss and operating loss.
  • Capital intensity and debt/funding requirements.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 5 quarterly earnings reports · overlaid with Q1 2026

Historical avgQ1 2026

-11.7%

Avg return

Earnings day

-13.8%

Avg return

5 days after

+5.1%

Avg return

30 days after

0%

0 / 5 earnings

Positive

-2.5%

Q1 2025

Best reaction

-20.7%

Q2 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-6.6%-22.3%-27.3%
Q4 2025-12.1%-18.6%-23.4%
Q3 2025-16.5%-26.7%-17.3%
Q2 2025-20.7%-34.9%-24.7%
Q1 2025-2.5%+33.8%+118.2%

Discussion

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