Quarterly ResultMay 8, 2026, 06:09 AM
CoreWeave Q1 Revenue $2.08B, +111.6%; Net Loss $(740)M
AI Summary
CoreWeave reported a significant increase in revenue for Q1 2026, reaching $2.08 billion, up 111.6% year-over-year. Despite this strong top-line growth, the company's net loss widened to $(740) million from $(315) million in the prior year. CoreWeave also reported substantial remaining performance obligations of $98.8 billion, indicating strong future revenue potential, alongside increased debt and capital expenditures for infrastructure expansion.
Key Highlights
- Revenue surged 111.6% to $2,078 million for Q1 2026, up from $982 million in Q1 2025.
- Net loss increased to $(740) million in Q1 2026, compared to $(315) million in Q1 2025.
- Net loss per share remained at $(1.40) for Q1 2026, same as Q1 2025.
- Remaining Performance Obligations (RPO) stood at $98.8 billion as of March 31, 2026.
- Net cash provided by operating activities significantly increased to $2,984 million.
- Total assets grew to $55,573 million from $49,302 million since December 31, 2025.
- Total debt (current and non-current) increased to $24,859 million as of March 31, 2026.
- Purchases of property and equipment totaled $(7,695) million in Q1 2026.
Price Impact
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