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>>CoreWeave’s revenue rose 112% to $2.08 billion, while its losses more than doubled.

CoreWeave’s revenue rose 112% to $2.08 billion, while its losses more than doubled.

crypthub

about 5 hours ago

Revenue Surge

CoreWeave reported Q1 2026 revenue of $2.08 bn, nearly double the $982 m a year earlier and above analysts’ $1.97 bn estimate. The backlog rose to $99.4 bn, its strongest bookings quarter, and active power capacity passed 1 GW. CEO Michael Intrator said the firm aims for over 8 GW by 2030.

Losses and Expenses

Net loss widened to $740 m, with operating expenses climbing to $2.22 bn and operating loss to $144 m. Interest expense more than doubled to $536 m, reflecting heavy capital needs for GPUs, power and data‑center infrastructure. Adjusted EBITDA grew to $1.16 bn but margin fell to 56 %.

Customers, Products & Financing

CoreWeave secured deals with Meta ($21 bn commitment), Anthropic and other AI labs, and expanded power contracts to over 3.5 GW. It launched Flexible Capacity Plans, Dedicated Inference and CoreWeave Arena for workload testing. Funding includes an $8.5 bn delayed‑draw loan and a $2 bn equity investment from NVIDIA.

CoreWeave’s revenue rose 112% to $2.08 billion, while its losses more than doubled.

Revenue Surge

Losses and Expenses

Customers, Products & Financing

CoreWeave’s revenue rose 112% to $2.08 billion, while its losses more than doubled.