Overview
- Revenue rose to $1.36 billion with a loss of 22 cents per share, and net loss narrowed to $110 million versus about $360 million a year earlier.
- Revenue backlog nearly doubled to $55.6 billion, with management saying the affected customer extended contract terms so total value remains intact.
- Guidance was set at $5.05 billion to $5.15 billion for 2025 revenue, below consensus, citing timing impacts from a partner’s construction delay.
- CoreWeave projected $12 billion to $14 billion of capex in 2025 and said 2026 spending is expected to be well in excess of double that level.
- Shares slipped roughly 6% after hours following the update and had fallen about 22% last week as AI‑trade sentiment weakened and balance‑sheet pressure drew scrutiny, including $9.7 billion due within 12 months and $14 billion in total debt.