[OC] Gewinn- und Verlustrechnung von CoreWeave für das zweite Quartal des Geschäftsjahres 2026 – 2,6 Milliarden US-Dollar Umsatz, 640 Millionen US-Dollar Nettozinsaufwand, ein Nettoverlust von 626 Millionen US-Dollar

    Von Master-Cat6980

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    1. Master-Cat6980 on

      Source: [CoreWeave Q2 FY26 10-Q](https://www.sec.gov/Archives/edgar/data/1769628/000176962826000366/crwv-20260630.htm) (quarter ended June 30, 2026), via SEC EDGAR.

      Tool: Python for extraction, my own SVG renderer for the chart.

      All expense and income amounts are GAAP and as filed. CoreWeave reported $2,575M of revenue, $2,624M of operating expenses, a $49M operating loss, $640M of net interest expense, $125M of other income, a $564M pre-tax loss, a $62M income tax provision, and a $626M net loss.

      The customer amounts marked † are estimates derived from percentages disclosed in the 10-Q, because CoreWeave does not report the corresponding dollar amounts. Applying the filed shares to revenue gives approximately $927M for Customer A (36%), $670M for Customer B (26%), $258M for Customer C (10%), and $721M for all other customers (28%). The underlying flows use the unrounded calculations; the displayed whole-million labels sum to $2,576M because two half-million amounts round upward.

      One customer-label caveat: CoreWeave states that Customers A through D may represent different customers from those shown in a previous period. The 71% → 36% comparison therefore shows the change in the largest disclosed customer concentration, not necessarily a decline in revenue from the same underlying customer.

      For the flat reconciliation, $2,575M of revenue, $125M of other income, and the $626M net-loss shortfall total $3,326M. On the other side, cost of revenue of $879M, technology and infrastructure expense of $1,507M, general and administrative expense of $178M, sales and marketing expense of $60M, net interest expense of $640M, and income taxes of $62M sum to the same $3,326M.

      The percentages beside the expense labels are shares of revenue. CoreWeave recorded a $62M income tax provision despite a $564M pre-tax loss, primarily because limitations on realizing certain tax benefits resulted in a valuation allowance on its U.S. deferred tax assets.

      Technology and infrastructure expense included approximately $1.3B of depreciation and amortization, largely associated with servers, switches, and other infrastructure placed in service. CoreWeave separately reported $1,510M of adjusted EBITDA and a 59% adjusted EBITDA margin, but I left non-GAAP measures out of the flow.

    2. NighthawK1911 on

      Is the losses shrinking since the previous years?

      If Operating Cost is increasing faster than Revenue is increasing, I don’t see how there’s a path to profitability.

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