CoreWeave posted a internet lack of $452m for the fourth quarter ended 31 December 2025 (This autumn 2025), in comparison with internet lack of $51m in the identical quarter of 2024.
The US-based AI cloud computing firm reported diluted internet loss per share of $0.89 for This autumn 2025, in comparison with diluted internet loss per share of $0.34 in This autumn 2024.
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Nonetheless, CoreWeave’s income for the reported quarter elevated to $1.57bn, representing development of about 110% from the $747m recorded in This autumn 2024.
For the twelve-month interval, CoreWeave’s annual income reached $5.13bn, up by about 168% from $1.92bn within the earlier 12 months. The agency recorded a full-year internet lack of $1.17bn for 2025, in contrast with a internet lack of $863m in 2024.
Working bills for the fourth quarter rose to $1.66bn from $634m, marking an approximate improve of 162%. The corporate moved from an working revenue of $113m in This autumn 2024 to an working lack of $89m in This autumn 2025.
For the 12 months, working bills grew by about 225% to succeed in $5.18bn, whereas working revenue shifted from a revenue of $324m to a lack of $46m.
CoreWeave chairman and CEO Michael Intrator stated: “2025 was a defining 12 months for CoreWeave as we turned the quickest cloud in historical past to succeed in $5bn in annual income.
“Demand continues to accentuate as a broader set of shoppers undertake CoreWeave Cloud to run a various and rising set of workloads. The chance forward is important, and we’re able to seize it.”
The corporate reported a income backlog of $66.8bn on the finish of December, greater than 4 instances its place in the beginning of the 12 months, which suggests ongoing commitments underneath buyer contracts for upcoming durations.
Non-GAAP measures confirmed adjusted EBITDA for 2025 at $3.09bn, up by roughly 154% from $1.22bn the prior 12 months. Adjusted internet loss stood at $606m for the 12 months in opposition to $65m in 2024.
CoreWeave chief monetary officer Nitin Agrawal stated: “This 12 months’s efficiency displays disciplined execution in opposition to the technique we outlined at our IPO to develop one of many largest AI Cloud footprints on this planet.
“Our income backlog grew to $66.8bn, greater than 4 instances the place we started the 12 months, offering distinctive visibility as we scale into 2026 and past. CoreWeave is properly positioned for sustained hypergrowth.”
In the course of the reported fourth quarter, CoreWeave secured new buyer wins throughout AI laboratories, hyperscalers, and enterprises equivalent to Cognition, Crowdstrike, Cursor, Mercado Libre, Midjourney and Runway.
CoreWeave expanded partnerships with present hyperscale cloud clients and elevated its AI infrastructure by including roughly 260MW of lively energy capability through the quarter. This introduced whole lively capability to over 850MW and raised whole contracted energy to about 3.1GW.
In This autumn 2025, the corporate additionally launched merchandise for AI workloads, accomplished acquisitions together with Monolith and Marimo. On this interval, CoreWeave additionally raised capital by way of convertible senior notes totalling about $2.6bn and enlarged its revolving credit score facility to $2.5bn.
Further updates for the reported quarter included launching CoreWeave Federal for presidency use circumstances, becoming a member of the Genesis Mission initiative with the US Division of Power and saying a world partnership with CrowdStrike.
In the course of the earnings name, CEO Michael Intrator stated that demand indicators from hyperscalers, AI-native corporations, and enterprise clients had been intensifying as AI workloads turned extra complicated and fashions scaled quickly.
Intrator defined that this broadening demand was resulting in deeper engineering relationships with main clients and progress in diversification. With almost all new 2026 capability already allotted, CoreWeave deliberate to broaden its information centre footprint to handle each rapid and future necessities.
The corporate goals so as to add over 5GW of extra information centre capability past its contracted footprint by 2030. Intrator additionally indicated that capital expenditure for 2026 was anticipated to succeed in a minimum of $30bn, which is greater than double the earlier 12 months, and reflecting the excessive quantity of contracted demand.
CoreWeave intends to strategically supply land, energy, and infrastructure whereas leveraging its expanded collaboration with Nvidia to speed up development initiatives, stated Intrator.
