CoreWeave, Inc. Class A Common Stock (CRWV) Revenue — Quarter Ended Sep 30, 2025
Revenue for the reported quarter increased compared to both the previous quarter and the same quarter a year ago. The trailing twelve-month revenue also reflected strong growth.
Key takeaway
Quarter ended Sep 30, 2025 · FY2025 Q3
Revenue for the reported quarter increased compared to both the previous quarter and the same quarter a year ago. The trailing twelve-month revenue also reflected strong growth.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1.4B
Revenue reported for this quarter.
Quarter-over-quarter
+12.5%
Change from the immediately preceding quarter.
Year-over-year
+133.7%
Change from the comparable year-ago quarter.
Trailing four quarters
$4.3B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Dec 31, 2024 | $747M | n/a |
| Mar 31, 2025 | $982M | +420.4% |
| Jun 30, 2025 | $1.2B | +206.7% |
| Sep 30, 2025 | $1.4B | +133.7% |
Revenue performance
The reported revenue showed an upward trend, driven by continued demand for the company's cloud platform services.
Quarterly comparison
Compared to the immediately preceding quarter, revenue rose. Relative to the same quarter one year earlier, the increase was even more substantial.
What to watch
The company's accumulated deficit and negative cash flows from investing activities, as noted in the filing, remain areas to monitor.