CoreWeave (CRWV) Q2 earnings report 2025
Mike Intrator, Founding Partner and CEO of Coreweave, speaks at the Nasdaq center in New York on March 28, 2025.
Michael M. Santiago | Getty Images News | Getty Images
Sunflower seed Artificial Intelligence Infrastructure Provider, even when making estimates for the second quarter income, on Tuesday, the stocks fell by 9%
The company did this compared to the LSEG consensus:
- Earning per share: 21 cents loss
- Revenues: Expected 1.21 billion dollars and 1.08 billion dollars
Coreweave earned more than $ 395.4 million a year ago. expression. The company recorded a net loss of $ 290.5 million in the second quarter of 2024 compared to a loss of $ 323 million. Coreweave’s earnings per share could not be compared with estimates from LSEG.
The company’s finance chief Nitin Agrawal said in a conference meeting with analysts that the income increase continues to restrict capacity. The company competes with cloud providers: Amazon hire Nvidia plugs to companies.
Coreweave’s operating margin, primarily, fell from 20% to 2% compared to the previous year, according to stock -based compensation costs. The debt is now 11.1 billion dollars. This is the second quarter of full financial results as a public company following Coreweave’s public offering in March.
Coreweave pointed out an expansion in the business world with Openai, a large customer and investor. Also Coreweave for a quarter bought Weights and prejudices, which are a starting start to monitor AI models, are $ 1.4 billion.
In May, management increased by 420% revenue with expanding losses and approximately $ 9 billion debt. The stock has doubled for next month.
For the third quarter, Coreweave predicts $ 1.26 billion to $ 1.30 billion in the second quarter income. Analysts who participated in the survey by LSEG were looking for $ 1.25 billion.
At the end of the first quarter of Coreweave shares, the company earned $ 1.5 billion in revenue after selling 37.5 shares each at $ 40. From the closing of Tuesday, the stock is trading at $ 148.75 for a market value of over $ 72 billion.
The company said that a Coreweave data center project will be provided in New Jersey, which has a capacity of 250 Megawatt in 2026.
Executives will discuss the results and will guide a conference meeting that started at 7:00.
This is the last minute news. Please check again for updates.
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