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.
CoreWeave, Inc. is 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
$-1.09
Revenue Estimate
$3.5B
Analyst consensus from Finnhub and Financial Modeling Prep. Actual results posted within minutes of the SEC filing on the CRWV page.
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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