Overview

• CoreWeave posted second-quarter revenue of $1.21 billion, surpassing the $1.08 billion consensus and more than tripling year-over-year sales.
• The company recorded a net loss of $290.5 million and an EPS loss of $0.21, marginally narrower than the $323 million loss in Q2 2024.
• Operating margin fell from 20 percent a year ago to 2 percent, largely driven by $145 million in stock-based compensation costs.
• During the quarter CoreWeave completed its $1.4 billion acquisition of Weights & Biases and unveiled plans for a 250 MW data-center project slated for 2026.
• Shares declined about 6 percent in extended trading despite a market capitalization near $72 billion, and executives have scheduled a conference call to discuss results and guidance.