CoreWeave Q3 revenue rises to $1.36 billion; net loss narrows to $110.1 million
CoreWeave reported third-quarter 2025 results for the period ended September 30, 2025, with revenue of $1.36 billion, up from $583.9 million a year earlier. Net loss narrowed to $110.1 million, or $0.22 per share, from $359.8 million, or $1.82 per share, in the prior-year quarter. Operating income fell to $51.9 million from $117.1 million, and the company did not provide guidance in the release, saying it would give forward-looking guidance on its earnings call.
Key points
- Revenue was $1.36 billion, compared with $583.9 million in the third quarter of 2024.
- Net loss was $110.1 million, or $0.22 per share, compared with a net loss of $359.8 million, or $1.82 per share, a year earlier.
- Operating income was $51.9 million, compared with $117.1 million, and adjusted EBITDA was $838.1 million.
- Revenue backlog was $55.6 billion as of September 30, 2025; the release gives no forward guidance, which is to be provided on the earnings call.
The filing
Written by AI on Nov 8, 2026, 1:10 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 10, 2025.
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