Overview
- CoreWeave posted Q3 revenue of $1.36 billion, more than doubling year over year, with a significantly narrower net loss.
- Management lowered 2025 revenue guidance to $5.05 billion–$5.15 billion, citing delays at a third‑party data‑center provider that push some revenue out.
- CEO comments highlighted operational constraints across multiple sites, including power and building availability, according to Jim Cramer’s recap.
- The company reported a $55.6 billion revenue backlog supported by multi‑year commitments from Meta and an expanded partnership with OpenAI.
- Shares fell 25.4% this week and roughly 36% from a prior peak, leaving a market cap near $38–$43 billion and about 10 times sales as a 4% operating margin, heavy cash burn and debt pressured sentiment.