Revenue Growth Driven Almost Entirely by Existing Customers
Approximately 93% of the $1.4B revenue increase in Q2 FY2026 came from expansion within the existing customer base, with the remainder from new customers.
At the archive date, CoreWeave, Inc. was expected to release its Q3 2026 10-Q filing on November 11, 2026. Last quarter: CoreWeave's Q2 FY2026 revenue more than doubled, but surging infrastructure costs led to a $626M net loss, even as operating cash flow turned strongly positive.
EPS Estimate
$-1.19
Revenue Estimate
$3.57B
Analyst consensus captured from Finnhub and Financial Modeling Prep. This archived preview is no longer updated with later results; see the CRWV page for retained reports.
Drawn from management commentary in the Q2 2026 10-Q:
Approximately 93% of the $1.4B revenue increase in Q2 FY2026 came from expansion within the existing customer base, with the remainder from new customers.
Cost of revenue surged 181% YoY, primarily from rent expenses up ~$335M, utilities and power up ~$87M, and depreciation of power systems up ~$79M, reflecting new data center deployments.
Technology & infrastructure expense jumped 125% YoY, driven by a $752M increase in depreciation and amortization, reaching ~$1.3B in the quarter, as more GPU and networking assets were placed in service.
Revenue
$2.58B
+112.46% YoY
EPS (Diluted)
-$1.14
-90.00% YoY
Operating Income
-$49M
-357.89% YoY
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