CoreWeave, Inc.
139.93+5.13 (+3.81%)
Oct 29, 4:00:01 PM EDT · NasdaqGS · CRWV · USD
Key Stats
Market Cap
69.28BP/E (TTM)
-Basic EPS (TTM)
-2.32Dividend Yield
0%Recent Filings
8-K
CoreWeave-Meta $14.2B cloud deal
CoreWeave inked a new order form with Meta Platforms on September 25, 2025, under their existing master services agreement, committing Meta to pay up to $14.2 billion for cloud computing capacity through December 14, 2031, with options to expand into 2032. This deal locks in massive reserved capacity, bolstering CoreWeave's revenue stream amid surging AI demand. Either party can terminate for cause. Revenue stability hinges on service delivery.
8-K
CoreWeave-NVIDIA $6.3B deal
CoreWeave inked a $6.3 billion order form with NVIDIA on September 9, 2025, under their existing Master Services Agreement, securing a buyer for any unsold cloud computing capacity through April 13, 2032. This deal guarantees revenue from residual datacenter resources when not utilized by CoreWeave's customers, bolstering financial stability amid GPU supply ties with NVIDIA. The pact underscores strategic alignment. Termination risks include 30-day breach notices or insolvency.
10-Q
Q2 FY2025 results
CoreWeave's Q2 FY2025 revenue surged 207% y/y to $1.21B, driven by committed contracts comprising 98% of total, while operating income flipped to a $19M profit from a $78M loss, reflecting robust demand from top customers like Microsoft (71% of revenue). Gross margin held steady at 74% q/q amid higher data center costs, but net loss narrowed to $291M from $323M y/y, with the operating-to-net gap of $310M mainly from $267M interest expense on $11.2B debt (up from $8.0B y/Y). The $1.0B Weights & Biases acquisition closed in May for $96M cash and $933M stock, adding $794M goodwill and $208M intangibles (5-12 year lives) to bolster AI developer tools. Liquidity stood at $1.2B cash plus $3.7B revolver availability, supporting $3.9B capex; free cash flow not disclosed in the 10-Q. Yet competition from hyperscalers like AWS and Azure pressures pricing and market share.
8-K
CoreWeave Q2 revenue surges
CoreWeave reported Q2 2025 revenue of $1.21 billion, up from $395 million a year ago, fueled by AI demand and key wins like a $4 billion OpenAI expansion. Adjusted EBITDA hit $753 million with a 62% margin, while GAAP net loss narrowed to $291 million amid heavy infrastructure scaling to 2.2 GW contracted power. The IPO lock-up ends August 14, 2025, potentially increasing share liquidity. Revenue backlog stands at $30.1 billion.
8-K
CoreWeave closes $2.6B AI infrastructure loan
CoreWeave's subsidiaries secured a $2.6 billion delayed draw term loan facility on July 28, 2025, maturing August 21, 2030, to fund GPU servers and infrastructure for an OpenAI contract. The SOFR-based debt, at 4.00% plus a 3.00% base rate margin, imposes covenants like a 1.40x debt service coverage ratio from April 2027 and a 0.85x contract realization ratio, backed by parent guarantees and asset pledges. This bolsters CoreWeave's AI hyperscaler edge, yet ties cash flows tightly to OpenAI's performance.
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