Quarterly ResultAug 12, 2026, 06:07 AM
CoreWeave Q2 Revenue $2.58B, Net Loss $(626)M
AI Summary
CoreWeave reported a significant increase in revenue for the second quarter of 2026, reaching $2.575 billion, up 112.5% year-over-year. However, the company's net loss widened to $(626) million from $(290) million in the same period last year. Despite increased losses, CoreWeave demonstrated strong operational cash flow, turning positive with $3.663 billion for the first six months of 2026, and reported substantial Remaining Performance Obligations of $103.7 billion, indicating future revenue potential. The company continues to invest heavily in infrastructure, with $14.117 billion spent on property and equipment, and committed up to $1.7 billion in new data center joint ventures.
Key Highlights
- Revenue for Q2 2026 increased 112.5% to $2.575 billion from $1.212 billion in Q2 2025.
- Net loss for Q2 2026 was $(626) million, compared to $(290) million in Q2 2025.
- Basic net loss per share for Q2 2026 was $(1.14), up from $(0.60) in Q2 2025.
- Total assets grew to $77.07 billion as of June 30, 2026, from $49.30 billion at December 31, 2025.
- Net cash provided by operating activities for the six months ended June 30, 2026, was $3.663 billion, compared to $(190) million used in the prior year.
- Remaining Performance Obligations (RPO) totaled $103.7 billion as of June 30, 2026.
- Committed to invest up to $1.7 billion in two joint ventures for data center development.
- Purchases of property and equipment, including capitalized internal-use software, were $(14.117) billion for the six months ended June 30, 2026.
Price Impact
More from CRWV