CoreWeave, Inc.CRWV

CoreWeave, Inc. Goodwill & Intangibles Disclosure

10-KFiled Mar 2, 20261 min read
Goodwill and Intangible Assets
Goodwill
The following table summarizes the changes to goodwill (in millions):
Amount
Balance at January 1, 2024$— 
Additions20 
Balance at December 31, 2024$20 
Additions
1,081 
Balance at December 31, 2025$1,101 
There were no impairment charges recorded to goodwill for any of the periods presented.
Intangible Assets, Net
Intangible assets, net consisted of the following (in millions, except years):
December 31, 2025 December 31, 2024
Weighted-Average Remaining Useful Lives (in years)
Acquired
Intangibles,
Gross 		Accumulated
Amortization 		Acquired
Intangibles,
Net		Acquired
Intangibles,
Gross 		Accumulated
Amortization 		Acquired
Intangibles,
Net
Acquired technologies5$206 $(27)$179 $5 $(3)$2 
Other (1)
961 (5)56 4 (1)3 
Total$267 $(32)$235 $9 $(4)$5 
(1) Includes customer relationships and trade names.
Amortization expenses for intangible assets were $27 million for the year ended December 31, 2025 and not material for the years ended December 31, 2024 and 2023.
As of December 31, 2025, the expected future amortization expense related to intangible assets was as follows (in millions):
Years Ending December 31,Amount
2026$45 
202745 
202843 
202943 
203023 
Thereafter36 
Total expected future amortization expense$235 

About Goodwill & Intangibles Disclosures

Goodwill and intangible asset disclosures reveal the premium paid in acquisitions and how management assesses whether that premium retains its value. Since goodwill is no longer amortized under US GAAP, the annual impairment test is the only mechanism that adjusts carrying values downward — making the assumptions behind that test critically important for investors.

Key signals: a history of goodwill impairments suggests management consistently overpays for acquisitions. Watch the gap between reporting unit fair value and carrying amount — when fair value exceeds carrying amount by less than 10-20%, a small decline in business performance could trigger a write-down. For finite-lived intangibles, examine useful life assumptions across customer relationships, technology, and trade names; aggressive estimates inflate near-term earnings. Compare total intangibles-to-total-assets ratios against peers to assess acquisition dependency. Rising goodwill as a percentage of equity can signal balance sheet fragility.

Other Available Disclosures

Income TaxesRevenueFair ValuePP&ELeasesDebtCommitmentsNew Standards