CoreWeave, Inc. Class A Common Stock Q3 2025 Earnings Recap

CRWV Q3 2025 November 11, 2025

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.

Earnings Per Share Beat

$-0.08 vs $-0.40 est.

+79.7% surprise

Revenue Beat

1364676000 vs 1285913026 est.

+6.1% surprise

Market Reaction

1-Day +0.0%

5-Day -12.48%

30-Day -0.1%

Key Takeaways

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.

This summary was generated by AI from the official earnings call transcript and is provided for informational purposes only. It does not constitute financial advice. For the complete transcript and financial data, visit CRWV on AllInvestView.