CoreWeave, Inc. Class A Common Stock

CoreWeave's debut earnings report as a public company told a tale of two narratives: explosive top-line growth shadowed by a deeper-than-expected loss. The AI cloud infrastructure provider posted Q1 2025 revenue of $981.63 million, up 420.3% year-over-year, as hyperscaler-scale demand for GPU compute continued to accelerate. Yet the bottom line jarred investors — CoreWeave reported a loss of $1.49 per diluted share, missing the consensus estimate of -$0.12 by 1,141.67%, with the gap driven largely by $177 million in stock-based compensation triggered by IPO-related vesting conditions. The company's March IPO, which raised approximately $1.40 billion in net proceeds, itself catalyzed the charge. Despite the GAAP shortfall, adjusted EBITDA reached $606.13 million at a 62% margin, signaling underlying operational momentum. A landmark $11.20 billion contract expansion with OpenAI pushed total revenue backlog to $25.90 billion, offering substantial forward visibility — momentum that has already sent shares sharply higher amid heavy short interest in the stock ahead of <a href="https://247wallst.com/investing/2025/11/10/live-complete-coreweave-crwv-q3-earnings-coverage/">upcoming quarterly results</a>.