CoreWeave Inc
NASDAQ:CRWV
CoreWeave Inc
CoreWeave Inc is a US-based company operating in industry. The company is headquartered in Springfield, New Jersey. The company went IPO on 2025-03-28. CoreWeave, Inc. is a cloud infrastructure technology company. The firm offers the CoreWeave Cloud Platform, which consists of software and cloud services that deliver the automation and efficiency needed to manage complex artificial intelligence (AI) infrastructure. Its CoreWeave Cloud Platform is an integrated solution that is purpose-built for running AI workloads such as model training and inference. Its solutions include infrastructure services, managed software services, and application software services. Its Infrastructure Services provide its customers with access to advanced graphics processing unit (GPU) and central processing unit (CPU) compute, highly performant networking, and storage. Its Managed Software Services include CKS, a flexible virtual private cloud and a bare metal service that runs kubernetes directly on high-performance servers. Its Application Software Services build on top of its infrastructure and managed software services, integrating additional tools.
CoreWeave Inc is a US-based company operating in industry. The company is headquartered in Springfield, New Jersey. The company went IPO on 2025-03-28. CoreWeave, Inc. is a cloud infrastructure technology company. The firm offers the CoreWeave Cloud Platform, which consists of software and cloud services that deliver the automation and efficiency needed to manage complex artificial intelligence (AI) infrastructure. Its CoreWeave Cloud Platform is an integrated solution that is purpose-built for running AI workloads such as model training and inference. Its solutions include infrastructure services, managed software services, and application software services. Its Infrastructure Services provide its customers with access to advanced graphics processing unit (GPU) and central processing unit (CPU) compute, highly performant networking, and storage. Its Managed Software Services include CKS, a flexible virtual private cloud and a bare metal service that runs kubernetes directly on high-performance servers. Its Application Software Services build on top of its infrastructure and managed software services, integrating additional tools.
Revenue Surge: CoreWeave reported full-year 2025 revenue of over $5.1 billion, up 168% year-over-year, with Q4 revenue at $1.6 billion (up 110% YoY).
Massive Backlog: Contracted revenue backlog soared to $66.8 billion, increasing $11.2 billion sequentially and over $50 billion year-over-year.
Capacity Expansion: Ended 2025 with 850 megawatts of active power and 3.1 gigawatts of contracted capacity, planning to double active capacity to 1.7 gigawatts in 2026.
CapEx Acceleration: Capital expenditures hit $14.9 billion in 2025, with guidance for $30–35 billion in 2026, driven by contracted demand.
Margin Dynamics: Q4 adjusted EBITDA margin was 57%, but Q4 adjusted operating margin was only 6% due to rapid capacity investments; long-term margin targets remain 25–30%.
2026 Guidance: Expected 2026 revenue of $12–13 billion (about 140% growth YoY) and adjusted operating income of $900 million to $1.1 billion.
Customer Diversification: Nearly 150% growth in $1M+ customers, with strong adoption across AI, enterprise, and hyperscaler clients.
Lower Cost of Capital: Weighted average interest rate declined 300 basis points in 2025, saving nearly $700 million annually.
