CoreWeave Q3 revenue increased 168% year-on-year to US$3.66 billion, and net loss expanded to US$709 million
According to TheEnergyMag, AI cloud computing company CoreWeave (NASDAQ: CRWV) announced its third quarter financial report for 2026, with revenue reaching US$3.66 billion, a year-on-year increase of 168% and a quarter-on-quarter increase of 42%; operating profit was US$207 million, but affected by rising financing costs, the net loss expanded to US$709 million, compared with a loss of US$110 million in the same period last year, and quarterly net interest expenses amounted to US$207 million. $846 million. As of September 30, the company's contract revenue backlog reached $132.5 billion, an increase of approximately 27% from $104 billion at the end of the second quarter; it has more than 1.7 GW of power capacity in operation and more than 4.6 GW of power capacity under contract. Capital expenditures were approximately $9.44 billion in the third quarter, and the company's total debt was approximately $46.9 billion (excluding lease liabilities). CoreWeave raised its full-year 2026 revenue guidance to $13 billion to $13.3 billion and capital expenditure guidance to $37 billion to $39 billion, and expected fourth-quarter interest expenses to rise further to $1.05 billion to $1.15 billion.
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