$CRWV

🔹 Revenue: $981.6M (Est. $857.1M) 🟢; UP +420% YoY

🔹 Diluted EPS: -$1.49 (Est. -$0.12) 🔴

🔹 Adj EBITDA: $606.1M; UP +480% YoY

🔹 Adj EBITDA Margin: 62% (vs. 55% YoY)

🔹 Adj Operating Income: $162.6M; UP +550% YoY

🔹 Adj Net Loss: -$149.6M (vs. -$23.6M YoY)

🔹 Revenue Backlog: $25.9B (includes $14.7B RPO + $11.2B under contract)

GAAP Financials

🔹 Operating Loss: -$27.5M (vs. +$16.8M YoY)

🔹 Net Loss: -$314.6M (vs. -$129.2M YoY)

🔹 Net Loss Margin: -32%

🔹 Operating Expenses: $1.01B; UP +487% YoY

🔹 Interest Expense: $263.8M; UP +549% YoY

🔹 Stock-Based Comp: $177M (IPO-triggered vesting)

Strategic & Operational Updates

🔸 Secured $11.2B deal with OpenAI; drove surge in revenue backlog

🔸 Partnered with IBM to deliver compute for Granite models

🔸 Expanded to 420 MW of active compute power, 1.6 GW contracted

🔸 IPO raised $1.4B; $17.2B total raised to date

🔸 Launched CoreWeave AI Object Storage (CAIOS) and on-demand cluster scaling

🔸 Only cloud provider to earn Platinum rating from SemiAnalysis ClusterMAX™

🔸 GB200 support live across platform; MLPerf Inference v5.0 benchmark leader

🔸 Supporting NVIDIA AI Enterprise software and Cloud Functions

CEO & CFO Commentary

🔸 CEO Michael Intrator: “Strong Q1 caps off a string of milestones—IPO, OpenAI deal, and accelerating demand for our AI platform.”

🔸 CFO Nitin Agrawal: “Financials highlight the scale and opportunity; we’re investing for long-term leadership while managing capital structure efficiently.”

What is going on? $HIMS (-4.03%) is shooting to the moon, halfway back to its $96 highs. $PLTR (-1.41%) has disappointed investors with its meek guidance.

One of my favorite IPOs this year, $CRWV , has been doing well.

$F (+0.84%) recovered! I am still looking at a significant loss regarding it though...

One of my favorite dividend payers, $MAIN (+0.77%) , announced a dividend increase from $0.250 to $0.255 per share and a June special dividend of $0.3. I definitely will be trying to increase my position in it. Comment with how many shares you want me to get!

Last but never least, $ASML (-1.16%) has paid its quarterly dividend today. I am slowly but surely trying to build up my position while decreasing my average cost per share.

I discuss all of this and more in today's market recap! Let me know if I have left anything important out.

https://youtu.be/KX_BeUDyj-o

$CRWV , is it time for longer and promising investment? What is your opinion? Thanks.