CoreWeave (CRWV) Company Report

Analyst Earnings Quarterly Reports

Earnings summaries and quarterly performance for CoreWeave.

Analyst Coverage

Research analysts who have asked questions during CoreWeave earnings calls.

Brad Zelnick

Credit Suisse

7 questions for CRWV

Also covers: ADBE, CFLT, CHKP +20 more

Mark Murphy

JPMorgan Chase & Co.

7 questions for CRWV

Also covers: ADBE, AKAM, CFLT +24 more

Michael Turrin

Wells Fargo

7 questions for CRWV

Also covers: ADBE, ADSK, CFLT +29 more

Bradley Sills

Bank of America

5 questions for CRWV

Also covers: ADBE, BILL, CRM +14 more

Brent Thill

Jefferies

5 questions for CRWV

Also covers: ADBE, AMZN, ASAN +27 more

Keith Weiss

Morgan Stanley

5 questions for CRWV

Also covers: ADBE, APPN, BILL +19 more

Raimo Lenschow

Barclays

5 questions for CRWV

Also covers: APPN, BASE, BIGC +35 more

Tyler Radke

Citigroup Inc.

5 questions for CRWV

Also covers: ADBE, ADSK, AMPL +23 more

Amit Daryanani

Evercore

4 questions for CRWV

Also covers: AAPL, AKAM, ANET +24 more

Kash Rangan

Goldman Sachs

4 questions for CRWV

Also covers: ADBE, CRM, DDOG +18 more

Gregg Moskowitz

Mizuho

3 questions for CRWV

Also covers: CFLT, CHKP, CRWD +13 more

Ben Reitzes

Melius Research LLC

2 questions for CRWV

Also covers: AAPL, AMD, AMKR +10 more

Gabriela Borges

Goldman Sachs

2 questions for CRWV

Also covers: AVPT, BIGC, BRZE +27 more

Josh Barron

Morgan Stanley

2 questions for CRWV

Mike Cikos

Needham & Company, LLC

2 questions for CRWV

Also covers: AKAM, BASE, BLZE +22 more

Benjamin Reitzes

Melius Research

1 question for CRWV

Also covers: AAPL, AMD, AMKR +7 more

Kasthuri Rangan

Goldman Sachs

1 question for CRWV

Also covers: ADBE, BASE, CFLT +21 more

Michael Cikos

Needham & Company

1 question for CRWV

Also covers: AI, BASE, BLZE +20 more

Latest news

Recent press releases and 8-K filings for CRWV.

CoreWeave Reports Strong Q4 and Full Year 2025 Performance, Issues Robust 2026 Guidance

CRWV

Earnings

Guidance Update

Revenue Acceleration/Inflection

CoreWeave generated $5.1 billion in revenue for the full year 2025, marking a 168% year-over-year increase, with Q4 2025 revenue reaching $1.6 billion, up 110% year-over-year.
The company's contracted revenue backlog grew to $66.8 billion as of December 31, 2025, an increase of $11.2 billion sequentially and over $50 billion year-over-year, with the average weighted contract length extending to approximately five years.
CoreWeave ended 2025 with over 850 megawatts of active power across 43 data centers and plans to double its active power capacity to more than 1.7 GW by year-end 2026.
For 2026, CoreWeave expects revenue between $12 billion and $13 billion, representing approximately 140% growth year-over-year at the midpoint, with CapEx projected at $30 billion-$35 billion. The company anticipates Q1 2026 to be the trough for margins, with a return to low double-digit levels by Q4 2026 and a long-term target of 25%-30% margins.

1 day ago

Transcript

CoreWeave Reports Strong 2025 Results and Provides Robust 2026 Guidance

CRWV

Earnings

Guidance Update

New Projects/Investments

CoreWeave reported full-year 2025 revenue exceeding $5.1 billion, marking a 168% year-over-year increase, and expanded its contracted revenue backlog to $66.8 billion.
For 2026, the company projects revenue of $12 billion-$13 billion (approximately 140% growth year-over-year) and anticipates CapEx of $30 billion-$35 billion, largely supporting already signed customer contracts.
CoreWeave expects to double its active power capacity to over 1.7 GW by year-end 2026 and plans to add more than 5 gigawatts of additional data center capacity by 2030.
Margins are forecasted to ramp sequentially throughout 2026, reaching low double-digit levels by Q4, with a long-term target of 25%-30%.
The company anticipates exiting 2026 with an annualized run rate revenue of $17 billion-$19 billion, which is projected to grow to over $30 billion by the end of 2027.

1 day ago

Transcript

CoreWeave Reports Strong 2025 Revenue and Ambitious 2026 Growth Plans

CRWV

Earnings

Guidance Update

New Projects/Investments

CoreWeave reported full-year 2025 revenue of approximately $5.1 billion, a 168% year-over-year increase, and Q4 2025 revenue of $1.6 billion, up 110% year-over-year. The company's contracted revenue backlog reached $66.8 billion by year-end 2025, with all new capacity contracts expected to generate revenue by year-end 2026.
To meet demand, CoreWeave plans 2026 capital expenditures (CapEx) of $30 billion-$35 billion, more than double the $14.9 billion spent in 2025. This investment is set to double active power capacity to over 1.7 GW by year-end 2026, from 850 MW at the end of 2025.
For 2026, CoreWeave expects revenue of $12 billion-$13 billion and adjusted operating income of $900 million-$1.1 billion. While Q4 2025 adjusted EBITDA was $898 million (57% margin), adjusted operating income was $88 million (6% margin) due to accelerated infrastructure deployment. Margins are anticipated to be low in Q1 2026, improving sequentially to low double digits by Q4 2026, with a long-term target of 25%-30%.
CoreWeave strengthened its financial position by securing over $18 billion in debt and equity in 2025, including a $2 billion investment from NVIDIA in January 2026, and reduced its weighted average interest rate by 300 basis points. The company also highlighted significant customer diversification and an expanded partnership with NVIDIA.

1 day ago

Transcript

CoreWeave Reports Strong Fourth Quarter and Fiscal Year 2025 Results

CRWV

Earnings

Revenue Acceleration/Inflection

Debt Issuance

CoreWeave reported fiscal year 2025 revenue of $5,131 million and fourth quarter 2025 revenue of $1,572 million.
The company achieved a revenue backlog of $66.8 billion as of December 31, 2025, which is more than four times the beginning of the year.
For fiscal year 2025, CoreWeave reported an Adjusted EBITDA of $3,093 million and a net loss of $(1,167) million.
CoreWeave strengthened its financial position by raising approximately $2.6 billion in convertible senior notes and expanding its revolving credit facility to $2.5 billion.
The company also expanded its total contracted power to approximately 3.1 GW and made strategic acquisitions of Monolith and Marimo.

1 day ago

Press Release

CoreWeave Reports Strong Q4 and Fiscal Year 2025 Results

CRWV

Earnings

Debt Issuance

Revenue Acceleration/Inflection

CoreWeave reported $5.131 billion in revenue for fiscal year 2025 and $1.572 billion for the fourth quarter of 2025.
The company's revenue backlog grew to $66.8 billion as of December 31, 2025, providing significant visibility for future growth.
For fiscal year 2025, Adjusted EBITDA was $3.093 billion, with $898 million in the fourth quarter.
CoreWeave strengthened its financial position by raising approximately $2.6 billion in convertible senior notes and expanding its revolving credit facility to $2.5 billion.
The company continued rapid scaling of its AI infrastructure, adding approximately 260 MW of active power capacity in Q4 2025, bringing the total to over 850 MW, and expanded total contracted power to approximately 3.1 GW.

1 day ago

8-K

CoreWeave Faces Securities Class Action Lawsuit

CRWV

Legal Proceedings

Guidance Update

New Projects/Investments

Hagens Berman is alerting investors to a pending class action against CoreWeave, Inc. (CRWV) and its executives.
The lawsuit alleges CoreWeave misled the market regarding its ability to scale AI infrastructure and meet revenue guidance.
Allegations include concealing significant delays at its Denton, Texas data center cluster and overstating revenue capacity, with a Wall Street Journal report revealing completion was pushed back by several months.
These alleged misrepresentations resulted in a $14 billion plummet in CoreWeave's market capitalization, including a 16% stock crash on November 11 after the company lowered guidance.
The Class Period for investors is March 28, 2025 – Dec. 15, 2025, and the Lead Plaintiff Deadline is March 13, 2026.

1 day ago

Press Release

CoreWeave Faces Class Action Lawsuit

CRWV

Legal Proceedings

Guidance Update

M&A

A class action lawsuit has been filed against CoreWeave, Inc. and certain officers, alleging violations of federal securities laws.
The lawsuit covers a class period from March 28, 2025, to December 15, 2025, and investors have until March 13, 2026, to seek lead plaintiff appointment.
The allegations include that defendants made materially false and misleading statements regarding CoreWeave's ability to meet customer demand and understated risks related to reliance on a single third-party data center supplier.
CoreWeave's stock price experienced significant declines following news of the Core Scientific merger termination, lowered 2025 revenue guidance, and revelations about the scope of data center delays.

1 day ago

Press Release

CoreWeave Faces Class Action Lawsuit

CRWV

Legal Proceedings

Guidance Update

Demand Weakening

Pomerantz LLP has filed a class action lawsuit against CoreWeave, Inc. and certain officers, alleging violations of federal securities laws.
The lawsuit covers the Class Period from March 28, 2025, to December 15, 2025.
Allegations include that CoreWeave overstated its ability to meet customer demand and understated risks related to its reliance on a single third-party data center supplier, which was reasonably likely to have a material negative impact on the Company's revenue.
CoreWeave's stock price experienced significant declines during the Class Period, including a 6.33% drop on October 30, 2025, following the termination of the Core Scientific merger, a 16.31% drop on November 11, 2025, after lowered 2025 revenue guidance and revelations about data center provider delays, and a 3.39% drop on December 16, 2025, after further details on data center delivery issues were reported.
Investors have until March 13, 2026, to ask the Court to appoint them as Lead Plaintiff.

3 days ago

Press Release

CoreWeave Faces Securities Fraud Lawsuit

CRWV

Legal Proceedings

Guidance Update

M&A

A class action lawsuit has been filed against CoreWeave, Inc. (CRWV) on behalf of investors who purchased securities between March 28, 2025 and December 15, 2025.
The lawsuit alleges that CoreWeave made materially false and/or misleading statements, overstating its ability to meet customer demand and understating risks related to a single third-party data center supplier, which negatively impacted revenue.
Significant events cited include the termination of the Core Scientific merger on October 30, 2025, which led to a 6.3% stock price drop, and lowered 2025 revenue guidance due to data center delays announced on November 10, 2025, causing a 16.3% stock price drop on November 11, 2025.
The deadline for investors to file a lead plaintiff motion in the class action is March 13, 2026.

3 days ago

Press Release

CoreWeave faces securities class action lawsuit

CRWV

Legal Proceedings

Guidance Update

Demand Weakening

CoreWeave, Inc. is facing a class action lawsuit for securities fraud, with allegations that the company overstated its ability to meet customer demand and concealed significant construction delays at its data centers.
The lawsuit follows a 6% stock drop on October 30, 2025, after Core Scientific terminated a merger agreement, and a 16% stock drop on November 11, 2025, after CoreWeave lowered its 2025 guidance due to temporary delays from a third-party data center developer.
An additional 3% stock drop occurred on December 16, 2025, after The Wall Street Journal reported further delays in the completion of a large data-center cluster in Denton, Texas, and other sites.
Investors have until March 13, 2026, to ask the Court to be appointed to lead the case.