Overview

• CoreWeave reported Q1 revenue of $981.6 million, a 420% increase year-over-year, surpassing analyst estimates of $853 million.
• The company revealed a $25.9 billion revenue backlog, including $11.2 billion from a five-year deal with OpenAI.
• CoreWeave's net loss widened to $314.6 million, driven by IPO-related stock-based compensation and rising operating costs.
• The firm forecast $20–23 billion in capital expenditures for 2025, significantly exceeding analyst expectations of $18.3 billion.
• Shares initially rose 11% post-earnings but fell over 13% as investors reacted to concerns about profitability and cash-intensive growth.