A plain-English look at CoreWeave's revenue, losses, assets and market value in its first year as a public company.
A New Face on Nasdaq
CoreWeave is one of the newer names on the stock market, having completed its initial public offering in March 2025. The company trades on Nasdaq under the ticker CRWV and is headquartered in Livingston, New Jersey, with roughly 2,189 employees.
What CoreWeave Actually Does
CoreWeave built its business around renting out computing power. Specifically, it offers Nvidia GPUs and other specialized hardware designed to handle the heavy lifting behind AI training and inference. Its cloud platform is the plumbing behind large language models and the AI applications built on top of them, serving a market where demand for computing horsepower keeps climbing.
The Revenue Number
In fiscal year 2025, CoreWeave generated $5.1 billion in revenue. For a company that only recently went public, that's a substantial top line, and it reflects how much businesses are currently spending to access AI-ready infrastructure rather than build it themselves.
Profitability: Still in the Red
Revenue is only half the story. CoreWeave reported a net loss of $1.2 billion for the same fiscal year, meaning the company spent considerably more than it brought in once all costs were accounted for.
Gross Margin vs Net Margin
The gap between two figures tells the tale. CoreWeave's gross margin sits at 71.7%, suggesting that the core service itself—renting out computing capacity—is priced well above its direct costs. But the net margin is -22.7%, meaning that once expenses like interest, depreciation, taxes, and overhead are factored in, the company is losing money for every dollar of sales it books.
Balance Sheet Snapshot
CoreWeave's total assets stand at $49.3 billion. That figure includes the physical infrastructure—data centers, servers, and specialized hardware—needed to run an AI cloud business at scale. A large asset base like this is typical for a company that has invested heavily in the equipment underlying its services.
Market Value and Share Price
At a market capitalization of $54.8 billion, investors currently value CoreWeave above its reported asset base, a sign that expectations for future growth are baked into the price. Shares recently traded at $71.88, based on 15-minute delayed market data.
Well Below Its High
That share price is 61% below the stock's 52-week high. Swings of that size aren't unusual for a company that only recently began trading publicly, especially one operating in a fast-moving sector where sentiment can shift quickly.
What It All Means
Put together, the numbers describe a company with genuine scale—billions in revenue and assets—but one that hasn't yet turned that scale into profit. The healthy gross margin shows the underlying service can be sold at a markup; the negative net margin shows the broader cost structure still outweighs revenue. Whether that balance shifts over time will show up in future filings.
The Fine Print
This article is a factual summary drawn from public filings and market data, not investment advice.
