CoreWeave shares fall 4% after it misses profit estimates

Investing.com -- CoreWeave reported a wider fourth quarter loss and missed operating income estimates, even as revenue edged higher, sending shares down 4% in extended trading on Thursday.

The company posted a fourth quarter loss per share of $0.89, compared with analysts’ expectations for a loss of $0.21. Revenue rose to $1.57 billion from $1.55 billion a year earlier.

Margins face pressure from higher AI chip costs, competition for computing capacity and the expense of expanding its data center footprint.

Adjusted operating income was $88 million, below estimates of $139.7 million.

Chief Executive Michael Intrator said 2025 was a defining year as the company reached $5 billion in annual revenue, driven by growing demand from customers running AI workloads on its cloud platform.

Chief Financial Officer Nitin Agrawal said revenue backlog expanded to $66.8 billion, more than four times the level at the start of the year, providing visibility into 2026 and beyond.

CoreWeave has secured multibillion dollar agreements with major technology companies, including a $14 billion deal with Meta Platforms and a $6.5 billion contract with OpenAI, as demand for AI computing infrastructure accelerates.

You May Also Be Interested In

• Stripe’s OpenRouter deal signals a new race to control AI economics
• Premarket movers: Crypto stocks rally, Ross Stores jump on upbeat forecast
• Why this strategist thinks longer-term outlook for stocks is "unfavorable"