Companies /Technology

CoreWeave, Inc. Class A Common Stock

NASDAQ: CRWV Software - Infrastructure
$89.36
▲ $4.80 (+5.68%) today
Markets closed · 1:31pm ET

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

Market Reaction

% change · around the report
−16%−8%0+8%Feb 26Feb 27report 4:06pm ETearnings−0.8%−14.1%
−16%−8%0+8%Feb 26Feb 27earnings−0.8%−14.1%
CRWV −14.1%S&P 500 −0.8%
−16%−8%0+8%Feb 26Feb 27report 4:06pm ETearnings−0.6%−14.1%
−16%−8%0+8%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

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

Forward Guidance & Outlook

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

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