AI REVENUE WARS ● 2026-10-30

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public · CRWV · SEC filings · AI compute & GPU cloudIPO March 2025; earlier periods come from the S-1 where tagged.

Filed revenue and year-over-year growth

Grey bars: fourth quarters derived as fiscal-year revenue minus the first nine months (Q4 is rarely filed as a three-month figure). Growth is the company's own comparison inside each filing; gaps mean the filing did not print a comparable prior-year figure.

Disclosed ARR / run-rate / reported revenue (point-in-time)

Each series is one metric basis exactly as disclosed. Points are not connected across bases and are not comparable with recognized revenue.

All observations (23)

PeriodMetricValueYoYQualityHowSource
Q2 FY2026 · 2026-04-01→2026-06-30filed revenue$2.58B+112.5%verifiedreported · us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax10-Q
Q2 FY2026 · 2026-04-01→2026-06-30capex$6.42B+161.8%verifiedderived · us-gaap:PaymentsToAcquirePropertyPlantAndEquipment
Derived: 6-month year-to-date (10-Q filed 2026-08-12) minus 3-month year-to-date (10-Q filed 2026-05-08).
10-Q
Q1 FY2026 · 2026-01-01→2026-03-31filed revenue$2.08B+111.6%verifiedreported · us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax10-Q
Q1 FY2026 · 2026-01-01→2026-03-31capex$7.70B+446.9%verifiedreported · us-gaap:PaymentsToAcquirePropertyPlantAndEquipment10-Q
FY2025 · 2025-01-01→2025-12-31filed revenue$5.13B+167.9%verifiedreported · us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax10-K
Q4 FY2025 · 2025-10-01→2025-12-31filed revenue$1.57B+110.4%verifiedderived · us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax
Derived: fiscal-year revenue (10-K filed 2026-03-02) minus nine-month year-to-date revenue (10-Q filed 2025-11-13). Q4 is not filed as a three-month figure.
10-K
Q4 FY2025 · 2025-10-01→2025-12-31capex$4.06B+16.1%verifiedderived · us-gaap:PaymentsToAcquirePropertyPlantAndEquipment
Derived: 12-month year-to-date (10-K filed 2026-03-02) minus 9-month year-to-date (10-Q filed 2025-11-13).
10-K
Q3 FY2025 · 2025-07-01→2025-09-30filed revenue$1.36B+133.7%verifiedreported · us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax10-Q
Q3 FY2025 · 2025-07-01→2025-09-30capex$2.39B+96.6%verifiedderived · us-gaap:PaymentsToAcquirePropertyPlantAndEquipment
Derived: 9-month year-to-date (10-Q filed 2025-11-13) minus 6-month year-to-date (10-Q filed 2025-08-13).
10-Q
Q2 FY2025 · 2025-04-01→2025-06-30filed revenue$1.21B+206.8%verifiedreported · us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax · restated in a later filing10-Q
Q2 FY2025 · 2025-04-01→2025-06-30capex$2.45B+9.2%verifiedderived · us-gaap:PaymentsToAcquirePropertyPlantAndEquipment
Derived: 6-month year-to-date (10-Q filed 2025-08-13) minus 3-month year-to-date (10-Q filed 2025-05-15).
10-Q
Q1 FY2025 · 2025-01-01→2025-03-31filed revenue$981.63M+420.3%verifiedreported · us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax · restated in a later filing10-Q
Q1 FY2025 · 2025-01-01→2025-03-31capex$1.41B-19.2%verifiedreported · us-gaap:PaymentsToAcquirePropertyPlantAndEquipment10-Q
FY2024 · 2024-01-01→2024-12-31filed revenue$1.92B+736.2%verifiedreported · us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax10-K
Q4 FY2024 · 2024-10-01→2024-12-31filed revenue$747.00M—verifiedderived · us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax
Derived: fiscal-year revenue (10-K filed 2026-03-02) minus nine-month year-to-date revenue (10-Q filed 2025-11-13). Q4 is not filed as a three-month figure.
10-K
Q4 FY2024 · 2024-10-01→2024-12-31capex$3.50B—verifiedderived · us-gaap:PaymentsToAcquirePropertyPlantAndEquipment
Derived: 12-month year-to-date (10-K filed 2026-03-02) minus 9-month year-to-date (10-Q filed 2025-11-13).
10-K
Q3 FY2024 · 2024-07-01→2024-09-30filed revenue$583.94M—verifiedreported · us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax10-Q
Q3 FY2024 · 2024-07-01→2024-09-30capex$1.22B—verifiedderived · us-gaap:PaymentsToAcquirePropertyPlantAndEquipment
Derived: 9-month year-to-date (10-Q filed 2025-11-13) minus 6-month year-to-date (10-Q filed 2025-08-13).
10-Q
Q2 FY2024 · 2024-04-01→2024-06-30filed revenue$395.37M—verifiedreported · us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax10-Q
Q2 FY2024 · 2024-04-01→2024-06-30capex$2.25B—verifiedderived · us-gaap:PaymentsToAcquirePropertyPlantAndEquipment
Derived: 6-month year-to-date (10-Q filed 2025-08-13) minus 3-month year-to-date (10-Q filed 2025-05-15).
10-Q
Q1 FY2024 · 2024-01-01→2024-03-31filed revenue$188.68M—verifiedreported · us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax10-Q
Q1 FY2024 · 2024-01-01→2024-03-31capex$1.74B—verifiedreported · us-gaap:PaymentsToAcquirePropertyPlantAndEquipment10-Q
FY2023 · 2023-01-01→2023-12-31filed revenue$229.00M—verifiedreported · us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax10-K