Every material Form 8-K CoreWeave filed with the SEC in 2026, 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 September 22, 2026, CoreWeave completed a private offering of $4.2 billion in 2.875% convertible senior notes due April 1, 2033, including $500 million from the full exercise of the initial purchasers' option. The notes are senior unsecured obligations, guaranteed by certain subsidiaries, and can be settled in cash, shares or a combination, at CoreWeave's election. For shareholders, the notes add debt and could dilute holders on conversion, with up to 52,578,540 shares issuable at the maximum conversion rate, while capped call transactions are intended to reduce that dilution.
Notes total $4.2 billion, including $500 million from the full exercise of the initial purchasers' option; they bear 2.875% interest, payable April 1 and October 1, beginning April 1, 2027.
Initial conversion price is approximately $97.85 per share, a premium of about 22.50% over the September 17, 2026 last reported sale price of $79.88.
A maximum of 52,578,540 Class A shares may be issued on full conversion, based on the maximum conversion rate of 12.5187 shares per $1,000 principal amount.
CoreWeave may redeem the notes for cash from April 5, 2030 under certain conditions; holders may require repurchase at par plus accrued interest after a fundamental change.
CoreWeave reported second-quarter 2026 revenue of $2,575 million, up from $1,212 million a year earlier, and a $626 million net loss, up from $290 million. Operating income swung to a $49 million loss from a $19 million profit, and the company ended the quarter with approximately $104 billion in revenue backlog. The filing contains no new guidance; management said it would provide forward-looking guidance on the earnings call.
Q2 2026 revenue was $2,575 million versus $1,212 million in Q2 2025.
Net loss was $626 million, or $1.14 per share, compared with $290 million, or $0.60 per share, a year earlier.
Operating loss was $49 million, compared with operating income of $19 million in Q2 2025.
Revenue backlog was approximately $104 billion as of June 30, 2026, excluding more than $25 billion of net new commitments added in early Q3.
CoreWeave's subsidiary CoreWeave Financing DDTL V-V, LLC entered into a credit agreement on August 7, 2026 for a $2.6 billion delayed draw term loan facility, which the company announced as closed on August 10, 2026. The facility was used primarily to finance capital expenditures for customer contracts, including GPU servers and related infrastructure, and the parent guarantees the obligations, which are secured by substantially all of the borrower's assets. The new debt adds a secured obligation with a debt service coverage covenant of at least 1.35x, which shareholders may want to weigh against the company's other borrowings.
Facility size is $2.6 billion, available in draws until the commitment termination date in December 2026
Maturity date is September 1, 2031; priced at Term SOFR plus a 5.50% margin, with a 0.50% annual undrawn fee
Parent CoreWeave, Inc. guarantees all obligations; debt service coverage ratio must be at least 1.35x starting after the earlier of full commitment reduction or December 31, 2026
Facility received Ba2 from Moody's and BB+ from Fitch, according to the press release
CoreWeave completed a private offering of $1,250 million of 9.625% senior notes and €2,000 million of 8.500% senior notes, both maturing July 15, 2032. The company says it will use the proceeds for general corporate purposes, including repaying existing indebtedness, and to pay offering costs. The notes add to CoreWeave's debt obligations, and their terms include restrictive covenants limiting additional debt, dividends and asset sales.
USD Notes: $1,250 million at 9.625%, maturing July 15, 2032
EUR Notes: €2,000 million at 8.500%, maturing July 15, 2032
Interest paid semi-annually in cash, beginning January 15, 2027; interest accrues from June 18, 2026
Notes are senior unsecured, guaranteed by certain CoreWeave subsidiaries; optional redemption before July 15, 2029 includes a make-whole premium
CoreWeave's subsidiary CoreWeave Financing DDTL V, LLC signed a $3.1 billion delayed draw term loan on May 15, 2026, and the company announced the closing on May 18, 2026. The loan is guaranteed by CoreWeave, Inc. and secured by substantially all assets of the borrower and its subsidiaries, and it carries a debt service coverage covenant, so it adds a significant secured debt obligation for shareholders to weigh against the funding it provides for customer infrastructure.
Facility size is $3.1 billion, with draws available until a commitment termination date in September 2026 and maturity on November 15, 2031.
Pricing is SOFR plus a 4.50% margin for SOFR loans, with a 0.50% annual undrawn fee.
Obligations are secured by substantially all assets of the borrower and its subsidiaries and guaranteed by CoreWeave, Inc.; a debt service coverage ratio of at least 1.35x is required starting after the earlier of commitment reduction to ze
Proceeds will fund infrastructure for two customer contracts with non-investment grade customers; the facility is rated Ba2 by Moody's and BB+ by Fitch.
CoreWeave reported first-quarter 2026 results for the period ended March 31, 2026, with revenue of $2.08 billion, up from $982 million a year earlier. The net loss widened to $740 million from $315 million, and the operating loss grew to $144 million from $27 million. Revenue backlog reached $99.4 billion, but the larger losses and higher interest expense mean shareholders face a mixed picture.
Revenue was $2,078 million for the quarter, compared with $982 million in the first quarter of 2025.
Net loss was $740 million, compared with $315 million a year earlier; diluted net loss per share was $1.40, compared with $1.49.
Adjusted EBITDA was $1,157 million, compared with $606 million, while interest expense, net, was $536 million.
Revenue backlog was $99.4 billion as of March 31, 2026, including a new $21 billion Meta commitment signed in March.
CoreWeave closed a private offering of $1 billion in additional 9.750% senior notes due 2031, issued at 102.000% of principal under the indenture it set up on April 14, 2026. Total notes outstanding under the indenture are now $2.75 billion, and the company says it will use the proceeds for general corporate purposes, including repaying indebtedness. The added debt carries a high fixed interest rate, which means higher ongoing interest payments for the company.
Closed April 21, 2026: $1 billion of 9.750% senior notes due October 1, 2031, issued at 102.000% of principal
Total notes outstanding under the indenture: $2.75 billion, including $1.75 billion issued April 14, 2026
Interest is payable semi-annually on April 1 and October 1, starting October 1, 2026
Proceeds are for general corporate purposes, including repayment of outstanding debt and offering fees and expenses
On April 14, 2026, CoreWeave completed two private debt offerings to qualified institutional buyers: $1.75 billion of 9.750% Senior Notes due 2031 and $4 billion of 1.75% Convertible Senior Notes due 2032, including a $500 million option exercised in full. CoreWeave says it will use the senior note proceeds for general corporate purposes, including repaying existing indebtedness. The convertible notes can be settled in cash, Class A shares, or a mix, at CoreWeave's election, which could add up to 43,478,000 shares to the share count if converted at the maximum rate.
Senior Notes: $1.75 billion, 9.750% coupon, mature October 1, 2031, interest paid April 1 and October 1 starting October 1, 2026
Convertible Notes: $4 billion including a $500 million option exercised in full, 1.75% coupon, mature October 1, 2032
Initial conversion price of about $119.60 per share, a 30.0% premium to the April 9, 2026 last reported sale price
Convertible notes cannot be redeemed before October 8, 2029; maximum conversion would issue up to 43,478,000 Class A shares
CoreWeave's indirect subsidiary entered into an $8.5 billion delayed draw term loan facility with MUFG Bank and others, dated March 30, 2026, to finance capital expenditures for a customer contract, including GPU servers and related infrastructure. The company said the facility received A3 and A (low) ratings and is secured by substantially all assets of the borrowing subsidiary, with the parent providing a limited guarantee. The debt adds to CoreWeave's obligations, and its terms include a debt service coverage ratio requirement of at least 1.15x.
Facility size is $8.5 billion, with draws available until a commitment termination date in June 2027 and maturity on March 31, 2032
Initial borrowing capacity is approximately $7.5 billion, rising to $8.5 billion as underlying assets reach stabilization, per the press release
Floating rate loans priced at SOFR plus 2.25%; fixed rate tranche at approximately 5.9%, per the press release; undrawn fee of 0.50% per annum
Obligations secured by substantially all assets of the borrower and guaranteed by the parent on a limited recourse basis for specified bad acts
CoreWeave reported fourth-quarter and full-year 2025 results, with revenue up sharply from a year earlier. The net loss also widened substantially, and the company reported a revenue backlog of $66.8 billion as of December 31, 2025. The company said it will give forward-looking guidance on its earnings call, so shareholders will not see guidance in this filing.
Q4 2025 revenue was $1,572 million, compared with $747 million in Q4 2024.
Q4 2025 net loss was $452 million, or $0.89 per share, compared with a net loss of $51 million, or $0.34 per share, a year earlier.
Full-year 2025 revenue was $5,131 million, compared with $1,915 million in 2024, and full-year net loss was $1,167 million.
Revenue backlog was $66.8 billion as of December 31, 2025; the company will provide guidance on its earnings call.
CoreWeave and its subsidiaries amended the DDTL 3.0 Credit Agreement and related parent guarantee, aligning the facility with the timing of deliveries the company described on its earnings call for the quarter ended September 30, 2025. The changes lower a minimum liquidity requirement and push back the first testing dates for two financial covenants, giving the company more time before those tests apply. The filing does not state new borrowing amounts, and the full amendment will be filed with the 2025 annual report on Form 10-K.
Minimum liquidity requirement reduced to $100.0 million for monthly payment dates from March 1, 2026 through April 30, 2026
Debt service coverage ratio covenant first testing date postponed to October 31, 2027
Contract realization ratio covenant first testing date postponed to February 28, 2026
Unlimited equity cures permitted for covenant failures before October 28, 2026
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 →