CoreWeave Q3 revenue $1.365B, backlog tops $55B; net loss narrows

CoreWeave, Inc.

2025-Q3 EPS reported -$1.87 revenue$3,559,096,000

Revenue $1.365B, up 134% YoY from $583.9M.
Operating income $51.9M (4% margin), down from $117.1M (20% margin) a year ago.
Net loss $110.1M ($0.22 loss per share), improved from $359.8M loss ($1.82 loss) in Q3 2024.
Revenue backlog nearly doubled to over $55B, driven by demand for AI cloud services.
Interest expense rose to $310.6M from $104.4M, reflecting infrastructure investment.

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