Every material Form 8-K CoreWeave filed with the SEC in 2025, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
On December 11, 2025, CoreWeave completed a private offering of $2,587,500,000 in 1.75% convertible senior notes due December 1, 2031, including the full exercise of the initial purchasers' $337.5 million option. The notes are convertible into cash, Class A common stock, or a mix at CoreWeave's election, with an initial conversion price of about $107.80 per share, a 25% premium to the $86.24 closing price on December 8, 2025, which means the notes could add dilution to existing shareholders if converted into shares.
Principal: $2,587,500,000, including the $337,500,000 option exercised in full; net proceeds about $2,542.2 million before offering expenses.
Initial conversion price about $107.80 per share; maximum of 30,003,356 shares could be issued on conversion at the maximum conversion rate.
Capped call transactions were funded from proceeds; remaining proceeds are for general corporate purposes.
Notes can be redeemed by CoreWeave on or after December 5, 2028 under specified stock price conditions; interest is payable June 1 and December 1, beginning June 1, 2026.
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.
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.
CoreWeave's subsidiary CCAC IV signed a September 29, 2025 amendment adding a $3.0 billion delayed draw term loan tranche to its existing DDTL 2.0 credit agreement. The borrowings are earmarked for equipment, hardware and infrastructure used to provide services to investment grade and unrated strategic customers, and the new debt carries a base rate or term SOFR-based interest rate with a 4.25% or 3.25% margin, depending on the loan type.
Incremental $3.0 billion delayed draw term loan tranche added via the Fifth Amendment, dated September 29, 2025
Tranche is available in draws until commitment termination in March 2026; each draw matures five years after funding
Term SOFR loans priced at 4.25% plus three-month term SOFR; upfront fee of 1.50% on each draw; 3.00% commitment fee on undrawn amounts up to $2.4 billion
CoreWeave entered a new order form with Meta Platforms under their existing Master Services Agreement, under which Meta has initially committed to pay up to approximately $14.2 billion through December 14, 2031. The company said the agreement is material enough to be disclosed, and Meta has the option to materially expand its commitment through 2032.
Meta has initially committed to pay up to approximately $14.2 billion through December 14, 2031
Order form signed September 25, 2025 under the MSA dated December 10, 2023
Meta has an option to materially expand its commitment through 2032
Payments are subject to termination provisions and delivery and availability requirements
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every CoreWeave filing is on SEC EDGAR ↗. 8-K briefs of other companies →