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CoreWeave Shares Drop as Growing Losses Eclipse AI Demand Surge

CoreWeave's revenue more than tripled year-over-year to $1.21 billion but posted a $290.5 million net loss due to high stock-based compensation costs, shrinking its operating margin to 2%.

  • CoreWeave reported second-quarter 2025 revenue of $1.21 billion and a net loss of $290.5 million as an AI infrastructure provider on August 12, 2025.
  • This performance followed rapid revenue growth driven by expanding demand for GPU-based AI cloud services and included acquisitions such as Weights and Biases.
  • CoreWeave's contracted backlog reached $30.1 billion, up $4 billion from Q1, supported by large deals with OpenAI and diversified enterprise customers.
  • Executives announced a raised 2025 revenue guidance to $5.15 billion–$5.35 billion and highlighted $6.4 billion raised during the quarter to fund expansion, while CEO Mike Intrator spoke at Nasdaq earlier in March.
  • These results underscore strong AI-related demand outpacing supply but also reflect increasing operating expenses and debt, signaling ongoing investment in scaling the cloud platform.
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247wallst.com broke the news in New York, United States on Tuesday, August 12, 2025.
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