# CoreWeave spent $14.1bn on equipment in six months, three times what it sold

![CoreWeave spent $14.1bn on equipment in six months, three times what it sold](https://aiswingx.com/static/covers/crwv-capex-2026q2_cover.jpg?v=1790366386)

**2026 Q2 10-Q: the money put into equipment was three times the money taken in. Cash from the business fell $10.5bn short, and total assets grew 56% in half a year**

CoreWeave (CRWV) paid $14,117m in cash for property and equipment in the first half of 2026. Revenue over the same six months was $4,653m. What it spent is 3.03 times what it earned.

- 종목: CRWV (CoreWeave, Inc.)
- 분기: 2026Q2 · 10-Q
- 작성: 2026-09-25 19:59 UTC · 업데이트: 2026-09-25 21:18 UTC
- 원문: https://aiswingx.com/p/crwv-capex-2026q2

## 숫자 하나
First-half capital spending of $14,117m is 3.03 times the $4,653m of revenue over the same period. Take out $3,663m of operating cash and $10,454m was left to find.

## 비유 하나
(구독자 전용)

## 출처 하나
CoreWeave, Inc. Form 10-Q (2026 second quarter, accession 0001769628-26-000366): consolidated statements of operations, balance sheet and cash flows; lease note; debt note. Quarterly and half-year figures cross-checked against SEC XBRL Company Facts.

## 다음 분기에 볼 것
(구독자 전용)

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## What happened

CoreWeave (CRWV) builds out computing equipment for artificial-intelligence work and rents it by the hour.

Two lines dominate the first-half 2026 cash flow statement.

| Line | 2026 first half |
|---|---|
| Revenue | $4,653m |
| **Capital spending** | **$14,117m** |

What it spent is **3.03 times** what it earned.

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## FAQ

**Q. Can capital spending exceed revenue?**

Yes. It is common where the building comes first and the earning later. The ratio between the two is set out in the subscriber section.

**Q. Where did the shortfall come from?**

The gap between operating cash and capital spending is tabled in the subscriber section, together with the debt and equity raised over the same half.

**Q. How much did borrowings grow?**

Total liabilities and lease obligations at the prior year end and at this quarter end are compared in the subscriber section.

**Q. Is collection slipping?**

Receivables actually fell. Both balances are in the subscriber section.

**Q. Where can I check this myself?**

On SEC EDGAR, open CoreWeave, Inc.'s 2026 second-quarter 10-Q (accession 0001769628-26-000366) and read the cash flow statement and balance sheet.