News
CoreWeave Reports Q3 Revenue of $3.66 Billion and Raises Full-Year Guidance
CoreWeave reported its third-quarter financial results, with revenue surging 168% year-over-year to $3.661 billion, exceeding market expectations. Adjusted EBITDA reached $2.256 billion with a 62% margin, while adjusted operating profit doubled from the second quarter to $379 million. The company's revenue backlog expanded by $28 billion quarter-over-quarter to approximately $132.5 billion, and active power capacity doubled year-to-date to over 1.7 GW. CoreWeave raised its full-year revenue guidance to between $13.0 billion and $13.3 billion. Company debt reached approximately $46.9 billion at quarter-end, while shares rose roughly 5% following the earnings call.