Josh Barron

Josh Barron asked about the dynamics between CoreWeave's CapEx coming in ahead of guidance, active power being in line, and revenue guidance being below typical upside, seeking clarification on why faster deployment didn't translate to higher active power and revenue. He also inquired about the size, duration, prepayment, and pricing structure of contracts with new enterprise customers.

Answer

CFO Nitin Agrawal explained that much of the deployed capacity came online late in Q4 2025, with monetization expected in 2026. CEO Mike Intrator stated that enterprise contracts largely resemble hyperscale contracts in tenure, with structures tailored to individual client business models.

Josh Barron asked about the dynamics between CoreWeave's higher CapEx and resolved delivery delays versus active power and revenue guidance, and sought details on enterprise customer contracts including size, duration, prepayment, and pricing.

Answer

CFO Nitin Agrawal explained that much of the deployed capacity came online late in Q4 2025, with monetization expected in 2026. CEO Mike Intrator noted that enterprise contracts largely resemble hyperscaler agreements in tenure, with structures tailored to individual client business models.