Companies /Technology
CoreWeave, Inc. Class A Common Stock
NASDAQ: CRWV Software - Infrastructure
$61.39
▼ $8.30 (−11.91%) today
Markets closed · 1:03am ET

CRWV (CRWV) Q4 2025 Earnings

Reported Feb 26, 2026, 4:06pm ET · SEC source
$-0.89
Miss −29.96%
EPS · est. $-0.68
$1.6B
Beat +2.89%
Revenue · est. $1.5B
+2.6%
Beating market
CRWV vs S&P since report
1 quarter
Consecutive EPS beats

How Did CRWV Stock React to Q4 2025 Earnings?

% change · around the report
−14%−7%0+7%Feb 26Feb 27report 4:06pm ETearnings−0.8%−14.1%
−14%−7%0+7%Feb 26Feb 27earnings−0.8%−14.1%
CRWV −14.1%S&P 500 −0.8%
−14%−7%0+7%Feb 26Feb 27report 4:06pm ETearnings−0.6%−14.1%
−14%−7%0+7%Feb 26Feb 27earnings−0.6%−14.1%
CRWV −14.1%NASDAQ −0.6%
−18%−9%0+9%Feb 25Mar 6report 4:06pm ETearnings−2.3%−19.2%
−18%−9%0+9%Feb 25Mar 6earnings−2.3%−19.2%
CRWV −19.2%S&P 500 −2.3%
−18%−9%0+9%Feb 25Mar 6report 4:06pm ETearnings−1.4%−19.2%
−18%−9%0+9%Feb 25Mar 6earnings−1.4%−19.2%
CRWV −19.2%NASDAQ −1.4%
−18.51%
Day of report
−1.90%
Next session
−8.26%
One week
−2.63%
30 days

S&P 500 over the same 30 days: −5.20%.

Did CRWV Beat Earnings? Q4 2025 Results

No. CRWV reported Q4 2025 earnings of $-0.89 a share on Feb 26, 2026, missing the $-0.68 consensus estimate by 30.0%. Revenue was $1.6B against a $1.5B estimate.

CoreWeave delivered a mixed fourth quarter that underscored the company's defining tension: explosive revenue growth shadowed by deepening losses. The AI cloud infrastructure provider posted Q4 2025 revenue of $1.57 billion, edging past the $1.56 billion consensus by 1.05% and more than doubling the $747 million recorded a year earlier — a 110.3% year-over-year surge that helped push full-year 2025 revenue to $5.13 billion. But the bottom line told a harder story: adjusted EPS of -$0.89 missed the -$0.68 consensus by 30.88%, as interest expense ballooned to $388 million and net losses widened to $452 million from just $51 million in Q4 2024, the direct cost of financing a GPU infrastructure buildout that consumed $4.06 billion in capital expenditures in the quarter alone. <a href="https://247wallst.com/investing/2026/02/15/coreweave-jumps-7-this-week-ahead-of-february-26-earnings/">Investor anticipation heading into the print</a> has since given way to concern over a securities fraud class action alleging concealed data center construction delays, adding another layer of uncertainty even as the company's $66.8 billion revenue backlog signals substantial long-term demand.

Key Takeaways
  • Robust demand from AI labs, hyperscalers, and enterprises
  • Rapid scaling of purpose-built AI infrastructure to over 850 MW active power capacity
  • Revenue backlog grew to $66.8 billion, more than four times where it began the year
  • Expanded relationships with both existing hyperscaler cloud customers

“2025 was a defining year for CoreWeave as we became the fastest cloud in history to reach $5 billion in annual revenue. Demand continues to intensify as a broader set of customers adopt CoreWeave Cloud to run a diverse and growing set of workloads. The opportunity ahead is significant, and we are ready to capture it.”

CRWV CEO, on the earnings call

What Was CRWV's Outlook in Q4 2025?

CoreWeave stated it would provide forward-looking guidance on its earnings conference call and webcast rather than in the press release. The company highlighted its $66.8 billion revenue backlog as providing exceptional visibility into 2026 and beyond, and noted it is well positioned for sustained hypergrowth.

CRWV YoY Financials

Q4 2025 vs Q4 2024 · SEC filings Q4 2024 Q4 2025
$0$500.0M$1.0B$1.5B$747.4M$1.6BRevenue
$0$500.0M$1.0B$1.5BRevenue
CRWV income statement, Q4 2025 versus Q4 2024
Metric Q4 2025 Q4 2024 Year over year
Revenue $1.6B $747.4M +110.3%

Figures from SEC filings and company reports. Not investment advice.