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CoreWeave (CRWV)
NASDAQ:CRWV
Earnings Data
Report Date
May 20, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
-0.85Last Year’s EPS
-0.6Same Quarter Last Year
Moderate Buy
Based on 21 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a strongly positive growth narrative: exceptional top-line growth (FY revenue +168% YoY), an enormous contracted backlog ($66.8B), rapid capacity additions, high adjusted EBITDA, meaningful customer diversification, and deepening partnerships (notably with NVIDIA). These positives are balanced by expected near-term financial headwinds—large and accelerating CapEx, rising interest expense, widening GAAP losses, and margin pressure due to depreciation and timing of revenue recognition as new capacity is brought online. Management framed the negatives as deliberate, contract-backed investments to monetize a long-duration backlog. Given the scale of demand, backlog visibility, and progress on monetization and financing, the highlights materially outweigh the lowlights, though execution and financing risks remain in the near term.Company Guidance
Record Revenue Growth
Full-year 2025 revenue of $5.1 billion, up 168% year-over-year; Q4 2025 revenue of $1.6 billion, up 110% year-over-year.
Massive Contracted Backlog
Revenue backlog expanded to $66.8 billion (up more than $11.2 billion sequentially and more than $50 billion year-over-year); backlog grew more than 4x during the year.
Rapid Capacity Expansion
More than 850 megawatts of active power at year-end; added ~260 megawatts in Q4 (43 active data centers vs 32 at start of year); contracted nearly 2 GW of additional power in 2025 and ended year with >3.1 GW contracted.
Strong Adjusted EBITDA and Margin
Q4 adjusted EBITDA of $898 million (nearly 2x YoY) with an adjusted EBITDA margin of 57%.
Customer Diversification and Enterprise Adoption
Number of customers committed to spending at least $1M on CoreWeave Cloud grew nearly 150% year-over-year; Q4 added ~2x as many new reserved instance customers as any prior quarter, including customers like Cognition, Cursor, Mercado Libre, Midjourney, and Runway.
Platform Monetization Progress and Attach Rates
Approximately 80% of CoreWeave Cloud customers paying ≥$1M have adopted one or more storage products; strong cross-sell momentum with Weights & Biases adding hundreds of millions of TCV in H2.
Strategic Partnerships and Industry Recognition
Expanded relationship with NVIDIA (including a $2 billion NVIDIA investment announced in January); CoreWeave reached NVIDIA Exemplar Cloud Status for GB200 and was SemiAnalysis' sole platinum-ranked AI cloud.
Liquidity and Capital Markets Access
Raised >$18 billion of debt and equity in 2025, including $2.6 billion convertible notes and expansion of revolving credit to $2.5 billion; cash, cash equivalents, restricted cash and marketable securities totaled $4.2 billion as of Dec 31.
CRWV Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
CRWV Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 26, 2026 | $97.63 | $79.56 | -18.51% |
Aug 12, 2025 | $148.75 | $117.76 | -20.83% |
May 14, 2025 | $67.46 | $65.77 | -2.51% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does CoreWeave (CRWV) report earnings?
CoreWeave (CRWV) is schdueled to report earning on May 20, 2026, After Close (Confirmed).
What is CoreWeave (CRWV) earnings time?
CoreWeave (CRWV) earnings time is at May 20, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CRWV EPS forecast?
CRWV EPS forecast for the fiscal quarter 2026 (Q1) is -0.85.
