CoreWeave, Inc.

NasdaqGS-CRWV

Operating Activities	Jun '25	Dec '24	Jun '24
Net Income	-605.2	-1,274.6	-452.3
Net Income
Net Income from Continuing Operations
Depreciation & Amortization	1,213.8	717.9	301.6
Depreciation and Amortization
Non-Cash Lease Expense
Amortization of Debt Issuance and Discounts and Issuance Costs and Accretion of Redemption Premiums
Stock Based Compensation	329	15.6	15.8
Stock-Based Compensation
Other Adjustments	315	535.1	504.7
Amortization of Debt Issuance and Discounts and Issuance Costs and Accretion of Redemption Premiums
Gain (Loss) on Fair Value Adjustments
Debt Extinguishment Loss
Deferred Income Taxes
Other Non-Cash Reconciling Items
Non-Cash Lease Expense
Changes in Trade Receivables	-1,504.7	-99	-180.7
Change in Accounts Receivable
Changes in Accounts Payable	-289.2	-187.3	697.8
Change in Accounts Payable and Accrued Expenses
Changes in Unearned Revenue	742.9	-1,886.4	1,524.5
Deferred Revenue
Change in Deferred Revenue
Changes in Other Operating Activities	-180.9	-169.4	-432.6
Change in Prepaid Expenses and Other Current Assets
Change in Lease Liabilities
Change in Other Non-Current Assets
Change in Other Liabilities
Cash from Operating Activities	-190.1	2,749.2	1,921.2
Net Cash Provided by Continuing Operations

Investing Activities	Jun '25	Dec '24	Jun '24
Capital Expenditure	-3,860.4	-4,713	-3,989.1
Purchase of Property and Equipment, Including Capitalized Internal-Use Software
Purchases of Investments	—	-4.7	-79.3
Purchase of Restricted Marketable Securities
Purchase of Strategic Investments
Proceeds from Sale of Investments	29.3	139	48.7
Sale of Available-for-Sale Marketable Securities
Maturities of Marketable Securities
Payments for Business Acquisitions	-45.7	—	—
Business Combinations, Net of Cash Acquired
Other Investing Activities	1.5	-58.2	-1.4
Sale of Warrants Received as Lease Incentive
Issuance of Notes Receivable
Other Investing Activities
Cash from Investing Activities	-3,875.2	-8,658.1	-4,021.2
Net Cash Provided by Investing Activities by Continuing Operations

Financing Activities	Jun '25	Dec '24	Jun '24
Issuance of Long-Term Debt	4,432.7	5,200.8	1,821.5
Proceeds from Issuance of Debt
Repayments of Long-Term Debt	-1,574.9	-514.1	-74.4
Repayment of Debt
Net Issuance / (Repayments) of Long-Term Debt	2,857.9	4,686.6	1,747.1
Issuance of Common Shares	1,494.8	2.2	0.6
Proceeds from Exercise of Stock Options
Proceeds from Initial Public Offering, Net of Underwriting Discounts and Commissions
Issuance of Common Stock, Net of Underwriting Discounts and Commissions
Repurchases of Common Shares	-132.6	-1.5	—
Common Stock Repurchased
Payment of Tax Withholdings on Settlement of RSUs
Net Issuance / (Repurchases) of Common Shares	1,362.3	0.8	0.6
Issuance of Preferred Shares	—	—	1,172.5
Issuance of Redeemable Convertible Preferred Stock, Net of Issuance Costs
Net Issuance / (Repurchases) of Preferred Shares	—	—	1,172.5
Preferred Share Dividends Paid	-28.7	-57.7	—
Redeemable Convertible Preferred Stock Cash Dividends Paid
Other Financing Activities	-108.4	-24.8	-60.5
Payment of Debt Issuance Costs
Deferred Offering Costs Paid
Other Financing Activities
Cash from Financing Activities	4,083	4,604.9	2,859.8
Net Cash Provided by Financing Activities

Free Cash Flow	Jun '25	Dec '24	Jun '24
Free Cash Flow	-4,050.4	-1,963.8	-2,067.9
NOPAT	-9.8	271.9	107.8
Levered Free Cash Flow	-754.9	-2,432.6	-1,070.8
Unlevered Free Cash Flow	-2,383.5	-5,966.2	-1,790
Net Change in Cash	17.8	-1,304	759.8