CRWV — what changed in the latest 10-Q

Text added vs the prior filing · source: 10-Q · 2026-08-12

• acquisitions, changes resulting from the amount of recorded valuation allowance, permanent differences between U.S. generally accepted accounting principles, certain one-time items, and local tax laws, and changes in tax contingencies.

• Comparison of the Three and Six Months Ended June 30, 2026 and 2025

• Revenue for the three months ended June 30, 2026 increased by $1.4 billion, or 112%, compared to the three months ended June 30, 2025. Revenue for the six months ended June 30, 2026 increased by $2.5 billion, or 112%, compared to the six months ended June 30, 2025. This substantial growth was relate…

• Cost of revenue for the three months ended June 30, 2026 increased by $566 million, or 181%, compared to the three months ended June 30, 2025. This increase was primarily attributable to the expansion of existing data centers and the significant increase in the deployment of new data centers, which …

• Technology and infrastructure expense for the six months ended June 30, 2026 increased by $1.5 billion, or 126%, compared to the six months ended June 30, 2025. This increase was primarily attributable to an increase in depreciation and amortization of approximately $1.4 billion, from $967 million f…

Text removed vs the prior filing · source: 10-Q · 2026-05-08

• Gain (loss) on fair value adjustments consists of gains and losses as a result of recording our derivatives and warrant liabilities for our 2021 Convertible Senior Secured Notes, warrant liabilities related to our 2022 Senior Secured Notes, and the option liability in connection with our Series B fi…

• We do not expect to incur additional gain (loss) on fair value adjustments as these instruments have either been settled or no longer require fair value measurement at the end of each reporting period.

• We recognized $177 million of stock-based compensation expense, net of $17 million of capitalized costs primarily related to the development of internal-use software, during the three months ended March 31, 2025, associated with vested RSUs as a result of the satisfaction of the liquidity-event perf…

• Comparison of the Three Months Ended March 31, 2026 and 2025

• Revenue for the three months ended March 31, 2026 increased by $1.1 billion, or 112%, compared to the three months ended March 31, 2025. This substantial growth was related to increased demand from both existing and new customer contracts and our fulfillment of that demand through our expanded data …

Text added vs the prior filing · source: 10-Q · 2026-08-12

• constraints and that management is required to apply judgment in evaluating the benefits of possible controls and procedures relative to their costs.

• Our management, with the participation of our Chief Executive Officer and Chief Financial Officer, conducted an evaluation of the effectiveness of the design and operation of our disclosure controls and procedures, as defined in Rules 13a-15(e) and 15d-15(e) under the Exchange Act of 1934 (the "Exch…

Text removed vs the prior filing · source: 10-Q · 2026-05-08

• Our management, with the participation of our Chief Executive Officer and Chief Financial Officer, conducted an evaluation of the effectiveness of the design and operation of our disclosure controls and procedures, as defined in Rules 13a-15(e) and 15d-15(e) under the Exchange Act of 1934 (the "Exch…

• reasonable assurance level as of March 31, 2026 due to the material weaknesses in our internal control over financial reporting described below.

Text added vs the prior filing · source: 10-Q · 2026-08-12

• •impacts on our supply chain and our production costs from increasing demand for storage and memory components that primarily are sourced from a few key suppliers, including the potential that we will be unable to obtain sufficient storage and memory components that we need to provide our solutions …

• Our technology infrastructure components suppliers fulfill our supply requirements on the basis of individual purchase orders, which we often place with lead times specified by the specific supplier. We have no control over the lead times demanded by our suppliers to fulfill our supply requirements …

• suppliers to meet our order demands (including due to the suppliers' competing commercial priorities, any geopolitical factors affecting their suppliers, or any other business disruption) could delay or disrupt our ability to procure necessary components. Further, because we often submit purchase or…

• We lease space in or otherwise license use of third-party data centers located in the United States, Canada, Europe and United Kingdom. Our current business is reliant on these data center facilities. Given that we lease or license our existing data center space, we do not control the operation of t…

• •changing sentiment by government regulators relating to data center development, including in response to public concerns regarding electricity and water use, environmental impact and development, which may result in restrictive government regulation or otherwise impact the future construction, dev…

Text removed vs the prior filing · source: 10-Q · 2026-05-08

• Our technology infrastructure components suppliers fulfill our supply requirements on the basis of individual purchase orders, which we often place with lead times specified by the specific supplier. We have no control over the lead times demanded by our suppliers to fulfill our supply requirements …

• production or shipping interruption for any reason, such as a natural disaster, epidemics, pandemics, capacity shortages, quality problems, or strike or other labor disruption at one of our supplier locations or at shipping ports or locations, could adversely affect sales of our solution and service…

• We lease space in or otherwise license use of third-party data centers located in the United States, Europe and United Kingdom. Our current business is reliant on these data center facilities. Given that we lease or license our existing data center space, we do not control the operation of these thi…

• electronic break-ins, human error, malfeasance or interference, including by employees, former employees, or contractors, as well as crime, terrorist acts and other catastrophic events. We and the data center facilities we lease space in or license use of have experienced, and may in the future expe…

• •changing sentiment by government regulators relating to data center development, including in response to public concerns regarding electricity and water use, environmental impact and development, which may result in restrictive government regulation or otherwise impact the future construction, dev…

Text added vs the prior filing · source: 10-Q · 2026-08-12

• As previously disclosed, on March 5, 2026, Brannin McBee, our Chief Development Officer, entered into a Rule 10b5-1 Plan (the "March McBee Plan") providing for the potential sales of certain shares of our Class A common stock. On May 11, 2026, Brannin McBee, our Chief Development Officer, entered in…

• On May 13, 2026, Kristen McVeety, our General Counsel and Corporate Secretary, entered into a Rule 10b5-1 Plan (the "McVeety Plan") providing for the potential sale of up to (a) 390,000 shares of our Class A common stock issuable upon the exercise of stock options held by Ms. McVeety, and (b) 8,710 …

• On May 29, 2026, Chen Goldberg, our Executive Vice President, Product & Engineering, entered into a Rule 10b5-1 Plan (the "Goldberg Plan") providing for the potential sale of up to (a) 24,247 shares of our Class A common stock directly held by Ms. Goldberg, and (b) 182,151 shares of our Class A comm…

• On June 3, 2026, Karen Boone, a member of our board of directors, entered into a Rule 10b5-1 Plan (the "Boone Plan") providing for the potential sale of up to 7,500 shares of our Class A common stock directly held by Ms. Boone, so long as the market price of our Class A common stock satisfies certai…

• As previously disclosed, on March 3, 2026, Jack Cogen, a former member of our board of directors, entered into a Rule 10b5-1 Plan (the "March Cogen Plan") providing for the potential sale of up to 6,000,000 shares of our Class A common stock directly held by CW Holding 987 LLC, of which Mr. Cogen wa…

Text removed vs the prior filing · source: 10-Q · 2026-05-08

• As previously disclosed, on September 4, 2025, Jack Cogen, a member of our board of directors, entered into a Rule 10b5-1 Plan (the "September 2025 Cogen Plan") providing for the potential sale of up to 2,000,000 shares of our Class A common stock directly held by CW Holding 987 LLC, of which Mr. Co…

• On March 3, 2026, after terminating the September 2025 Cogen Plan, Mr. Cogen entered into a Rule 10b5-1 Plan (the "March 2026 Cogen Plan") providing for the potential sale of up to 6,000,000 shares of our Class A common stock directly held by CW Holding 987 LLC so long as the market price our Class …

• On March 5, 2026, Brannin McBee, our Chief Development Officer, entered into a Rule 10b5-1 Plan (the "McBee Plan") providing for the potential sale of up to (a) 59,234 shares of our Class A common stock directly held by Mr. McBee and 3,360,766 shares of our Class A Common Stock issuable upon the con…

• Credit Agreement between CoreWeave Compute Acquisition Co. VIII, LLC, U.S. Bank National Association, as depository bank, MUFG Bank, Ltd., as administrative agent, U.S. Bank Trust Company, National Association, as collateral agent, Morgan Stanley Asset Funding, Inc. and MUFG Bank, Ltd., as coordinat…

• Limited Guarantee signed by CoreWeave, Inc., in favor of U.S. Bank Trust Company, National Association for the benefit of the lenders, dated March 30, 2026.