CoreWeave Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Net Income	-766.65	-863.45	-593.75	-31.06
Depreciation & Amortization	1,999	863.41	103.21	11.7
Other Amortization	98.15	33.38	16.53	3.8
Stock-Based Compensation	481.43	31.49	15.15	1.49
Other Operating Activities	318.82	1,006	590.8	1.81
Change in Accounts Receivable	-1,200	-279.72	-162.41	-1.89
Change in Accounts Payable	507.43	510.57	26.81	1.4
Change in Unearned Revenue	1,034	2,049	1,986	9.35
Change in Other Net Operating Assets	-786.62	-602.03	-150	-0.96
Operating Cash Flow	1,686	2,749	1,833	0.91
Operating Cash Flow Growth	-35.31%	50.01%	201290.11%	-
Capital Expenditures	-9,747	-8,702	-2,943	-72.4
Investment in Securities	107.9	137.69	-27.31	7
Other Investing Activities	-114.44	-93.67	-177.27	-13.78
Investing Cash Flow	-9,810	-8,658	-3,148	-79.18
Long-Term Debt Issued	-	7,022	1,416	90
Long-Term Debt Repaid	-	-588.56	-2.18	-3.06
Net Debt Issued (Repaid)	8,053	6,434	1,414	86.95
Issuance of Common Stock	1,509	2.89	16.51	-
Repurchase of Common Stock	-144.04	-1.47	-32.05	-
Preferred Dividends Paid	-57.11	-57.75	-	-
Dividends Paid	-57.11	-57.75	-	-
Other Financing Activities	-190.41	-85.24	-31.15	-5.49
Financing Cash Flow	9,170	7,465	1,788	81.45
Net Cash Flow	1,047	1,556	472.69	3.18
Free Cash Flow	-8,061	-5,953	-1,110	-71.49
Free Cash Flow Margin	-187.19%	-310.79%	-485.05%	-451.64%
Free Cash Flow Per Share	-21.91	-27.32	-5.78	-0.40
Cash Interest Paid	643.36	183.66	0.11	5.12
Cash Income Tax Paid	14.33	14.33	0.21	0.26
Levered Free Cash Flow	-6,952	-6,629	-	-
Unlevered Free Cash Flow	-6,431	-6,437	-	-
Change in Working Capital	-444.85	1,678	1,701	7.91

Source: S&P Global Market Intelligence. Standard template. Financial Sources.