Coreweave, Inc CRWV

Revenue Intelligence Report • 8 quarters of SEC filing data • Updated 2026-03-15

The latest quarterly revenue stands at $1.572 billion, and eight quarters of data support a full-year forecast of $8.4 billion, a 63.1% year-over-year increase. A key revenue driver is SG&A efficiency, with every $1 of SG&A spending generating about $3.94 of long-run revenue, indicating strong ROI on operating expenditures. The model is linear with 1.5% MAPE, and a holdout test predicted $1.6B versus actual $1.6B (−0.2% error), reinforcing forecast reliability. The outlook remains robust, but investors should note the absence of R&D data and monitor whether SG&A-driven growth remains sustainable over the longer term.

Investment Thesis

Our ARDL model tracks Coreweave, Inc's revenue with exceptional precision (1.5% MAPE), indicating highly predictable cash flows. Each $1 of SG&A spending generates $3.94 in revenue, reflecting strong commercial efficiency.

Next FY Revenue
$8.37B
+63.1% YoY
SG&A Multiplier
$3.94 per $1
Model Accuracy
1.5% MAPE
Holdout validation: The model predicted $1.6B vs the actual $1.6B — an error of 0.2%.
Note: Coreweave, Inc does not report R&D expenses separately. This analysis uses SG&A spending only.

Revenue Forecast

CRWV Revenue Forecast

Quarterly Detail

QuarterModel ForecastActual95% RangeYoY GrowthStatus
Q4 2025 $1.6B $1.6B $1.5B – $1.6B +110.8% ✓ In range
Q2 2026 $1.8B $1.7B – $1.8B +81.6%
Q3 2026 $2.0B $1.9B – $2.1B +64.0%
Q4 2026 $2.2B $2.1B – $2.3B +60.9%
Q1 2027 $2.4B $2.3B – $2.5B +52.9%

How Spending Drives Revenue

CRWV Spending Timing
Reading this chart: Each line shows the cumulative revenue generated per $1 spent over subsequent quarters. The effect builds over 4-5 quarters as investments mature.

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