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CoreWeave revenue more than doubles in first quarter, topping estimates

CNBC·Jordan Novet·25 days ago
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Michael Intrator, co-founder and chief executive officer of CoreWeave Inc., at the Bloomberg Tech summit in London, UK, on Tuesday, Oct. 21, 2025. Chris J. Ratcliffe | Bloomberg | Getty Images CoreWeave reported revenue for the first quarter on Thursday that topped analysts' estimates. The stock slipped after hours. Here's how the company did in comparison with LSEG consensus: Earnings per share: Loss of $1.40. That figure may not be comparable to estimates. Revenue: $2.08 billion vs. $1.97 billion expected Revenue more than doubled in the quarter, from $981.8 million a year earlier, according to a statement . Net loss widened to $740 million from $315 million, or $1.49 per share, in the same quarter a year ago. The company ended the quarter with about 3.5 gigawatts of total contracted power, along with a $99.4 billion revenue backlog. "We have reached hyperscale," CoreWeave's co-founder and CEO, Mike Intrator, said on a conference call with analysts.…

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