CoreWeave capex, CY2025 Q2

CoreWeave reported $2.5B of capex for CY2025 Q2, the quarter covering April to June 2025.

CoreWeave sells GPU cloud infrastructure and software to AI labs, hyperscalers and enterprises. Cash PP&E purchases are shown here; its broader management CapEx measure can differ materially.

Capex, CY2025 Q2$2.5B

Announced12 Aug 2025

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Verified 11 Nov 2026

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Reported quarter: CY2025 Q2 1
Calendar quarter: 2025 Q2 1
Quarter end: 2025-06-30 1
Announced: 2025-08-12 1
“August 12, 2025”
Capex (USD million): 2,452.992 1
“(2,452,992”
Capex definition: Cash-flow-statement PP&E purchases, including capitalized internal-use software, as originally reported; includes OEM financing subsequently reclassified as noncash. 1
Revision note: The Q3 2025 release says Q2 2025 PP&E purchases and debt issuance were reduced by approximately USD 689 million for OEM financing determined to be noncash. The amount above preserves the original quarterly announcement. 2

Sources

CoreWeave investor relations: CoreWeave CY2025 Q2 accessed 2026-11-11
CoreWeave investor relations: CoreWeave CY2025 Q2 accessed 2026-11-11

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