CoreWeave, Inc.
CRWVQ3 2024(CRWV Q2 FY2024)Derived94% AI
AI Revenue %
94%
AI Fair Value
$19.7B
AI Revenue (Q)
$371.6M
Total Revenue (Q)
$395.4M
Source: SEC EDGAR 10-Q Filing
Browse 10-Q filings on SEC.govAnalysis
CoreWeave Q2 FY2024 standalone revenue was $395.4M, a 109% increase over Q1 FY2024. Customer concentration: Customer A at 59%, Customer B at 20%. The company describes its revenue as 'cloud computing services, including compute enabled by our software and infrastructure optimized for AI and high-performance computing.' Revenue from committed contracts was 96% of total. No explicit AI vs non-AI revenue split. 94% derived from near-total AI focus of customer base and product description, with 6% haircut for residual non-AI HPC. $395,371K × 94% = $371,649K AI revenue.
Analyzed by claude-opus-4-6
Quoted Figures
Revenue $395,371 [thousands] for Three Months Ended June 30, 2024
Condensed Consolidated Statements of Operations, 10-Q for Q2 FY2025 (comparative period)
Revenue recognized related to customer commitments...represented 96% of total revenue for the three months ended June 30, 2024
Note 2 Revenue, 10-Q for Q2 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