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CoreWeave NRR

Net Revenue Retention history for CoreWeave (CRWV) - AI Infrastructure, Public stage. Sourced from SEC filings and earnings releases.

AI Infrastructure Public $500K+ ACV sales-led
Latest NRR · FY2025-Q4
168.0%
All-time peak
168.0%
FY2025-Q4
All-time low
102.0%
FY2023-Q4
Disclosures tracked
2
since FY2023-Q4
QoQ ▲ 66.0pp

NRR vs GRR over time

0%48%97%145%193% FY2023-Q4FY2025-Q4 Retention NRR (incl. expansion) GRR (excl. expansion) NRR — FY2023-Q4: 102% NRR — FY2025-Q4: 168% GRR — FY2023-Q4: 0% GRR — FY2025-Q4: 98%

Gross Retention excludes expansion - it shows pure churn / contraction loss. The gap between NRR and GRR is the expansion lift.

Currently at all-time peak NRR of 168.0%.

CoreWeave is above the AI Infrastructure Public median by +43.0pp (cell median: 125%)

What the data shows

CoreWeave (CRWV) is a ai infrastructure company at the public stage. As of its most recent disclosure (FY2025-Q4), CoreWeave reported a Net Revenue Retention rate of 168.0% - a elite-tier result for B2B SaaS at this segment.

CoreWeave is currently at or near its all-time NRR peak. The most recent quarter gained 66.0pp QoQ.

Within its peer set (ai infrastructure companies at public stage in the $500k+ acv band), CoreWeave's NRR is meaningfully above the cell median of 125%. Compare against the full peer cell aggregate for distribution and top performers.

Customer mix

Total customers
—
Over $100K ARR
142
2023-12-31
Over $1M ARR
—
US revenue mix
—
Top-10 concentration
—
Average ACV
—

Commercial structure

Contract shape and forward-booked revenue.

Multi-year contracts
—
Avg contract length
—
RPO (total)
$658M
2023-12-31
cRPO (next 12mo)
$474M
2023-12-31
New customers added
—
Subscription rev mix
92%
2023-12-31

RPO duration breakdown

Forward-booked revenue by maturity. Renewal pipeline visibility.

Next 12 months
$474M
2023-12-31
13–24 months
—
Over 24 months
—
Total RPO
$658M
2023-12-31

The post-sales motion

Pricing model
subscription
Renewal cadence
multi-year
CS team size
—
Customers per CSM
—

CS team segments: hyperscalers · AI native · enterprise

Derived signals

Computed from the data above. Shows where value comes from and where leakage hides.

Expansion contribution
70.0pp
NRR − GRR
GRR drag
2.0%
churn + contraction

What CoreWeave is doing

Named CS initiatives across recent disclosures (newest first).

What they're working through

Challenges acknowledged by management. Useful peer signals — your team is probably not alone.

What execs say about post-sales

Curated quotes about customer outcomes, retention, renewals.

"approximately 80% of CoreWeave Cloud customers paying at least $1 million per year have adopted one or more of our storage products."
Mike Intrator, CEO (Prepared Remarks)
"average weighted contract length increasing from roughly four years to roughly five years."
Nitin Agrawal, CFO (Prepared Remarks)

Competitive dynamics

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Every disclosure

Period NRR GRR Source type Filing
FY2025-Q4 168.0% 98.0% presentation-pdf source ↗
FY2023-Q4 102.0% - presentation-pdf source ↗
Last verified disclosure: 2025-12-31 · Report an inaccuracy → · How we verify →

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