"CoreWeave borrows heavily, buys NVIDIA GPUs, and rents them to a concentrated set of AI customers. Revenue hit $1.57 billion (+110.3% YoY) and beat consensus, but adjusted EPS came in at -0.89, missing estimates."
"Shares are up 52.52% in the past month and 75.16% year to date. New customer signings include Cognition, CrowdStrike, Cursor, Mercado Libre, Midjourney, and Runway."
"CEO Michael Intrator said '2025 was a defining year for CoreWeave as we became the fastest cloud in history to reach $5 billion in annual revenue. Demand continues to intensify...'"
"Operating income flipped negative again in Q4 at -$89.6M. Gross margin held near 71.7% for the year, but FY2025 interest expense ran $1.23 billion, up 241% from FY2024."
CoreWeave has faced criticism for its heavy borrowing and reliance on a concentrated customer base. Despite a net loss of $451.7 million and negative adjusted EPS, the company reported a 110.3% year-over-year revenue increase to $1.57 billion. Recent contract wins have led to a 52.52% increase in shares over the past month. The backlog reached $66.8 billion, driven by new agreements with major clients. Key metrics to watch include backlog growth, margins, and operational capacity as the company aims to strengthen its financial position.
Read at 24/7 Wall St.
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