CoreWeave Q1 revenue doubles to $2.08B, backlog nears $100B; net loss widens to $740M

CoreWeave, Inc.

2026-Q1 EPS reported -$1.40 revenue$2,078,000,000

Revenue of $2,078M for Q1 2026, up from $982M YoY, more than doubling.
Net loss widened to $740M ($1.40 diluted loss) vs $315M ($1.49 loss) a year ago.
Operating loss margin was 7%, compared to 3% in prior-year quarter.
Revenue backlog reached nearly $100 billion, strongest bookings quarter ever.
Active power surpassed 1 GW; management targets over 8 GW by 2030.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

CoreWeave, Inc. reported Three Months Ended March 31, 2026 results: revenue $2,078, net income $(740), EPS $(1.40).

Period: Three Months Ended March 31, 2026
Revenue: $2,078
Net income: $(740)
EPS: $(1.40)
Result: reported results

Exact text from the filing

First Quarter 2026 Financial Highlights (In millions, except percentages and per share amounts) Three Months Ended March 31, 2026 2025 Revenue $ 2,078 $ 982 Operating expenses 2,222 1,009 Operating loss $ (144) $ (27) Operating loss margin (7) % (3) % Interest expense, net $ (536) $ (264) Net loss $ (740) $ (315) Net loss margin (36) % (32) % Basic net loss per share $ (1.40) $ (1.40) Diluted net loss per share $ (1.40) $ (1.49)

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CoreWeave, Inc. filing history →

Source: SEC EDGAR

accession 0001769628-26-000220

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