CoreWeave, Inc. (CRWV) Reports Q1 Loss of $1.49/sh, Revenues Beats
CoreWeave, Inc. (NASDAQ: CRWV) reported Q1 EPS of ($1.49), versus ($0.62) reported last year and the consensus of ($0.12). Revenue for the quarter came in at $981.6 million, versus the consensus of $859.77 million and $188.7 million reported last year.
"We've delivered an outstanding start to 2025 on multiple fronts. Our strong first quarter financial performance caps a string of milestones including our IPO, our major strategic deal with OpenAI as well as other customer wins, our acquisition of Weights & Biases and many technical achievements," said Michael Intrator, CoreWeave's co-founder and Chief Executive Officer. "Demand for our platform is robust and accelerating as AI leaders seek the highly performant AI cloud infrastructure required for the most advanced applications. We are scaling as fast as possible to capture that demand. The future runs on CoreWeave."
"CoreWeave's strong financial performance in Q1 highlights the large and rapidly growing opportunity," said Nitin Agrawal, CoreWeave's Chief Financial Officer. "We are focused on executing, while effectively managing our capital structure to support accelerating investments in growth and maintaining flexibility to capitalize on strategic opportunities."
GUIDANCE:
Revenue backlog was $25.9 billion as of March 31, 2025,
For earnings history and earnings-related data on CoreWeave, Inc. (CRWV) click here.