CoreWeave, Inc. (CRWV) FY2026 Q1 Statement of Cash Flows

Income StatementCash FlowBalance Sheet

Statement of Cash Flows

2026-01-01 to 2026-03-31

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CoreWeave, Inc. cash flow reconciliation, Jan 1, 2026 through Mar 31, 2026One connected Sankey reconciles operating, investing and financing net cash flows through a shared cash pool, from beginning cash to ending cash. Ribbons flow left to right on one dollar scale. Activity totals are dark gray; beginning and ending cash are blue. Cash basis for beginning and ending balances and net cash change: Cash, cash equivalents, and restricted cash. Intermediate calculation bars are lighter gray. Net income is green for profit and red for loss. Identified asset purchases, sales and maturities are blue in either cash direction. Orange marks positive customer-advance and deferred-revenue changes that add to operating cash in the reconciliation. These are net changes, not gross customer receipts. Negative changes are neutral reconciliation adjustments; they do not by themselves identify cash payments. Purple identifies capital transactions such as borrowing, repayments, share issuance and dividends. Free cash flow is a separate comparison, not an added cash flow. Read chart description and values below for full signed amounts, including zero items.Depreciation and amortization → operating reconciliation: $1,147,000,000.00Accounts receivable → operating reconciliation: $1,042,000,000.00Accounts payable and accrued expenses → operating reconciliation: $960,000,000.00Deferred revenue → operating reconciliation: $575,000,000.00Non-cash lease expense → operating reconciliation: $167,000,000.00Stock-based compensation expense → operating reconciliation: $153,000,000.00Other non-cash reconciling items → operating reconciliation: $121,000,000.00Deferred income taxes → operating reconciliation: $79,000,000.00Amortization of debt discounts and issuance costs and accretion of redemption premiums → operating reconciliation: $41,000,000.00operating reconciliation → Net cash from operating activities: $2,984,000,000.00operating reconciliation → Net loss: $740,000,000.00operating reconciliation → Prepaid expenses and other assets: $471,000,000.00operating reconciliation → Lease liabilities: $90,000,000.00Proceeds from issuance of debt, net → financing reconciliation: $3,290,000,000.00Issuance of common stock in a private placement, net of issuance costs → financing reconciliation: $1,985,000,000.00financing reconciliation → Net cash from financing activities: $3,914,000,000.00financing reconciliation → Repayments of debt: $1,335,000,000.00financing reconciliation → Other financing activities: $26,000,000.00Net cash used in investing activities → investing reconciliation: $7,708,000,000.00Maturities and sales of marketable securities → investing reconciliation: $12,000,000.00investing reconciliation → Purchase of property and equipment, including capitalized internal-use software: $7,695,000,000.00investing reconciliation → Other investing activities: $25,000,000.00Beginning cash: Cash, cash equivalents, and restricted cash → Cash sources and uses: $4,130,000,000.00Net cash from operating activities → Cash sources and uses: $2,984,000,000.00Net cash from financing activities → Cash sources and uses: $3,914,000,000.00Cash sources and uses → Ending cash: Cash, cash equivalents, and restricted cash: $3,320,000,000.00Cash sources and uses → Net cash used in investing activities: $7,708,000,000.00Net loss: -$740,000,000.00Net loss−$740.00 MDepreciation and amortization: $1,147,000,000.00Depreciation & amortization+$1.15 BAmortization of debt discounts and issuance costs and accretion of redemption premiums: $41,000,000.00Debt cost amortization+$41.00 MStock-based compensation expense: $153,000,000.00Stock-based compensation+$153.00 MNon-cash lease expense: $167,000,000.00Operating lease amortization+$167.00 MDeferred income taxes: $79,000,000.00Deferred income taxes+$79.00 MGain on fair value adjustments: $0.00Other non-cash reconciling items: $121,000,000.00Other operating, net+$121.00 MAccounts receivable: $1,042,000,000.00Accounts receivable+$1.04 BPrepaid expenses and other assets: -$471,000,000.00Prepaid & other assets−$471.00 MAccounts payable and accrued expenses: $960,000,000.00Payables & accrued liabilities+$960.00 MDeferred revenue: $575,000,000.00Deferred revenue+$575.00 MLease liabilities: -$90,000,000.00Operating lease liabilities−$90.00 MNet cash from operating activities: $2,984,000,000.00Operating cash+$2.98 Boperating reconciliation: $4,285,000,000.00Proceeds from issuance of debt, net: $3,290,000,000.00Long-term debt issued+$3.29 BRepayments of debt: -$1,335,000,000.00Long-term debt repaid−$1.34 BIssuance of common stock in a private placement, net of issuance costs: $1,985,000,000.00Private placement proceeds+$1.99 BProceeds from initial public offering, net of underwriting discounts and commissions: $0.00Redeemable convertible preferred stock cash dividends paid: $0.00Payment of tax withholdings on settlement of RSUs: $0.00Other financing activities: -$26,000,000.00Other financing, net−$26.00 MNet cash from financing activities: $3,914,000,000.00Financing cash+$3.91 Bfinancing reconciliation: $5,275,000,000.00Purchase of property and equipment, including capitalized internal-use software: -$7,695,000,000.00PP&E purchases−$7.70 BMaturities and sales of marketable securities: $12,000,000.00AFS securities sales+$12.00 MIssuance of notes receivable: $0.00Other investing activities: -$25,000,000.00Other investing, net−$25.00 MNet cash used in investing activities: -$7,708,000,000.00. Cash required to fund net payments.Investing cash−$7.71 Binvesting reconciliation: $7,720,000,000.00Cash sources and uses: $11,028,000,000.00Beginning cash: Cash, cash equivalents, and restricted cash: $4,130,000,000.00Beginning cash$4.13 BEnding cash: Cash, cash equivalents, and restricted cash: $3,320,000,000.00Ending cash$3.32 BCASH RECONCILIATIONOperatingflowsFinancingflowsInvestingflowsNet loss −$740.00M + net operating adjustments $3.72B = operating cash +$2.98BFree cash flow−$4.71 BOperating cash − cash spent on PP&ECash flow / Net incomeNot meaningfulOperating cash flow ÷ net incomeNet cash change−$810.00 MEnding cash − beginning cash
Chart details

CoreWeave, Inc. cash flow reconciliation, Jan 1, 2026 through Mar 31, 2026

Cash flows for Jan 1, 2026 through Mar 31, 2026. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Dec 31, 2025. Ending cash: Mar 31, 2026. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.

Beginning cash on Dec 31, 2025
4,130,000,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
Operating activities
2,984,000,000 US dollars. Net cash provided.
Net loss
negative 740,000,000 US dollars
Depreciation and amortization
1,147,000,000 US dollars
Amortization of debt discounts and issuance costs and accretion of redemption premiums
41,000,000 US dollars
Stock-based compensation expense
153,000,000 US dollars
Non-cash lease expense
167,000,000 US dollars
Deferred income taxes
79,000,000 US dollars
Gain on fair value adjustments
0 US dollars
Other non-cash reconciling items
121,000,000 US dollars
Accounts receivable
1,042,000,000 US dollars
Prepaid expenses and other assets
negative 471,000,000 US dollars
Accounts payable and accrued expenses
960,000,000 US dollars
Deferred revenue
575,000,000 US dollars
Lease liabilities
negative 90,000,000 US dollars
Investing activities
negative 7,708,000,000 US dollars. Net cash used.
Purchase of property and equipment, including capitalized internal-use software
negative 7,695,000,000 US dollars
Maturities and sales of marketable securities
12,000,000 US dollars
Issuance of notes receivable
0 US dollars
Other investing activities
negative 25,000,000 US dollars
Financing activities
3,914,000,000 US dollars. Net cash provided.
Proceeds from issuance of debt, net
3,290,000,000 US dollars
Repayments of debt
negative 1,335,000,000 US dollars
Issuance of common stock in a private placement, net of issuance costs
1,985,000,000 US dollars
Proceeds from initial public offering, net of underwriting discounts and commissions
0 US dollars
Redeemable convertible preferred stock cash dividends paid
0 US dollars
Payment of tax withholdings on settlement of RSUs
0 US dollars
Other financing activities
negative 26,000,000 US dollars
Operating adjustment reconciliation
4,285,000,000 US dollars. Intermediate calculation joining the operating reconciliation branches. Its gross amount includes any portion of net income routed through this junction. It is not an additional cash source or use.
financing gross reconciliation
5,275,000,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
investing gross reconciliation
7,720,000,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
Exchange-rate effect
0 US dollars
Ending cash on Mar 31, 2026
3,320,000,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
Cash sources and uses
11,028,000,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
Net cash change
negative 810,000,000 US dollars. Ending cash minus beginning cash.
Cash flow / Net income
Not meaningful. Operating cash flow divided by reconciliation net income for the same period. The ratio is not meaningful when net income is zero or negative.
Operating cash flow
2,984,000,000 US dollars. Operating cash flow used in the free cash flow calculation.
Cash purchases of property, plant and equipment
7,695,000,000 US dollars. These cash purchases are already included in investing activities above.
Free cash flow
negative 4,711,000,000 US dollars. A supplemental measure; finance-lease payments are excluded from this definition.

Chart connections

  • Beginning cash plus operating, investing and financing cash flows plus the exchange-rate effect equals ending cash. Negative amounts reduce cash.
  • Financing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Investing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Operating reconciliation adjustments are not all independent cash receipts.
  • Net loss −$740.00M + net operating adjustments $3.72B = operating cash +$2.98B. The loss reduces the earnings basis of the reconciliation; it is not a cash payment. The signed loss remains a deduction at the operating reconciliation junction.
  • Each activity has one net cash bar connected to the shared cash pool. Positive activity totals enter the pool; negative activity totals leave the pool to fund that activity's net payments. The central pool does not assign a particular funding source to a particular payment.
  • The intermediate calculation bars include both sides of the displayed activity breakdowns; they are not additional cash flows.
  • Operating cash flow minus cash purchases of property, plant and equipment equals free cash flow: 2,984,000,000 US dollars minus 7,695,000,000 US dollars equals negative 4,711,000,000 US dollars.
CoreWeave, Inc. (CRWV) FY2026 Q1 Statement of Cash Flows Sankey chart
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