CoreWeave, Inc.
CRWVQ2 2024(CRWV Q1 FY2024)Derived94% AI
AI Revenue %
94%
AI Fair Value
$18.8B
AI Revenue (Q)
$177.4M
Total Revenue (Q)
$188.7M
Source: SEC EDGAR 10-Q Filing
Browse 10-Q filings on SEC.govAnalysis
CoreWeave operates as a single-segment GPU cloud infrastructure provider 'optimized for AI and high-performance computing.' Q1 FY2024 revenue was $188.7M. Customer concentration was split across multiple customers (Customer B at 18%, Customer C at 32%, Customer A at 33%). All major customers are known AI labs and enterprises. No separate AI vs non-AI breakdown disclosed. 94% derived by assuming nearly all cloud compute revenue serves AI workloads, with a 6% haircut for potential non-AI HPC (rendering, VFX, scientific computing). $188,684K × 94% = $177,363K AI revenue.
Analyzed by claude-opus-4-6
Quoted Figures
Revenue $188,684 [thousands] for Three Months Ended March 31, 2024
Condensed Consolidated Statements of Operations, 10-Q for Q1 FY2025 (comparative period)
Revenue recognized related to customer commitments...represented 94% of total revenue for the three months ended March 31, 2024
Note 2 Revenue, 10-Q for Q1 FY2025
AI Products Identified (Ring 1)
CoreWeave Cloud PlatformGPU cloud compute (AI training & inference)Committed capacity contracts
AI-Enabled Items (Ring 2 — Not Counted)
These items use AI but are not counted in the AI revenue estimate because they primarily serve non-AI functions.
Non-AI HPC workloads (rendering, VFX, scientific computing)
Confidence Tier
DerivedCalculated from reported segments primarily serving AI