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โข Adj. EPS: -$1.20 (Est. -$1.20)
โข Revenue: $2.58B (Est. $2.56B) โ
โข Adj. EBITDA: $1.51B, +101% YoY, with a 59% margin.
โข Adj. Operating Income: $128M with a 5% margin.
โข Net Loss: $626M, or -$1.14 per diluted share.
โข Revenue Backlog: ~$104B.
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โข Revenue surged 112% YoY to a record $2.58B as demand for CoreWeaveโs AI cloud infrastructure continued to accelerate.
โข Revenue backlog reached ~$104B at quarter-end, excluding more than $25B of net new customer commitments added in early Q3.
โข Active power expanded by nearly 500 MW to 1.5 GW, while total contracted power reached approximately 3.7 GW.
โข CoreWeave completed the industryโs first bring-up and validation of NVIDIA Vera Rubin NVL72 and launched new cross-cloud and agentic AI capabilities.
โข The company raised more than $10B of unsecured debt and convertible bonds and secured a $3.1B term loan alongside a $1B strategic investment from Jane Street.
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"CoreWeave reached an important inflection point this quarter as our scale began to translate into expanding operating leverage. Customer demand is accelerating, as enterprise adoption broadens and we continue to deepen our technology platform."