CRWV Q4 2025 Earnings — Income Statement Breakdown
For its Q4 2025 period (ending 2025-12-31), CRWV reported revenue of $1.6B, gross profit of $1.1B (67.6% gross margin), operating income of −$89M, and net income of −$452M (-28.8% net margin). The flow of revenue into costs and profit is visualized below.
What changed
CRWV reported a net loss; revenue grew 15.2% quarter over quarter.
| Comparison | Revenue | Net income | Net margin |
|---|---|---|---|
| Year over year | Not available | Not available | Not available |
| Quarter over quarter | +15.2% | −310.4% | −20.7 pp |
Consensus estimate data is not available for this report.
CRWV Q4 2025 Income Statement
| Line item | Amount (USD) | % of revenue |
|---|---|---|
| Revenue | $1.6B | 100% |
| Cost of Revenue | −$509M | 32.4% |
| Gross Profit | $1.1B | 67.6% |
| Research & Development | — | 0.0% |
| Selling, General & Administrative | −$202M | 12.8% |
| Other Operating Expenses | −$950M | 60.4% |
| Operating Income | −$89M | -5.7% |
| Other Income, net | −$378M | 24.0% |
| Income Tax Expense | $15M | 1.0% |
| Net Income | −$452M | -28.8% |
Source: original SEC filing (filed 2026-02-26). Accession 0001769628-26-000094. Data normalized by EarningsFyi.