CRWV Q1 2026 Earnings — Income Statement Breakdown
For its Q1 2026 period (ending 2026-03-31), CRWV reported revenue of $2.1B, gross profit of $1.4B (65.5% gross margin), operating income of −$144M, and net income of −$740M (-35.6% net margin). The flow of revenue into costs and profit is visualized below.
What changed
CRWV reported a net loss; revenue grew 32.2% quarter over quarter.
| Comparison | Revenue | Net income | Net margin |
|---|---|---|---|
| Year over year | Not available | Not available | Not available |
| Quarter over quarter | +32.2% | −63.7% | −6.9 pp |
Consensus estimate data is not available for this report.
CRWV Q1 2026 Income Statement
| Line item | Amount (USD) | % of revenue |
|---|---|---|
| Revenue | $2.1B | 100% |
| Cost of Revenue | −$716M | 34.5% |
| Gross Profit | $1.4B | 65.5% |
| Research & Development | — | 0.0% |
| Selling, General & Administrative | −$233M | 11.2% |
| Other Operating Expenses | −$1.3B | 61.3% |
| Operating Income | −$144M | -6.9% |
| Interest Expense | −$536M | 25.8% |
| Other Income, net | $24M | 1.2% |
| Income Tax Expense | −$84M | 4.0% |
| Net Income | −$740M | -35.6% |
Source: original SEC filing (filed 2026-05-07). Accession 0001769628-26-000220. Data normalized by EarningsFyi.