CoreWeave, Inc. delivered exceptional Q3 2025 results, achieving $1.4 billion in revenue—a remarkable 134% year-over-year increase—while significantly expanding its revenue backlog and power capacity amid soaring demand for AI cloud services.
- Revenue backlog increased by over $25 billion in Q3, totaling more than $55 billion at quarter-end, nearly double the previous quarter.
- CoreWeave reached $50 billion in remaining performance obligations (RPO), the fastest in cloud history.
- Expanded power footprint by 120 megawatts to approximately 590 megawatts, with contracted capacity now at 2.9 gigawatts.
- Secured large-scale contracts with major clients like Meta and OpenAI, enhancing revenue diversification.
- Launched CoreWeave Federal to serve U.S. government agencies, beginning collaborations with NASA for scientific exploration.
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