CoreWeave reported second-quarter results showing revenue of $2.58 billion, slightly above the $2.56 billion market expectation. Operating income came in at $128 million, with an operating margin of 5%, while EBITDA reached $1.51 billion, up 101% from a year earlier, for a 59% margin. The company posted a net loss of $626 million and diluted loss per share of $1.14. Its earnings per share loss was $1.20, matching market expectations. CoreWeave also said revenue backlog rose to about $104 billion from $99 billion previously, marking an increase of more than 25% since the prior quarter’s earnings report. The backlog figure does not include more than $25 billion in net new customer commitments added at the start of the third quarter. According to MSX.COM data, CoreWeave shares rose nearly 15% in after-hours trading.
CoreWeave reported second-quarter earnings with revenue of $2.58 billion, above the market expectation of $2.56 billion. Operating income was $128 million, and the operating margin was 5%.
EBITDA reached $1.51 billion in the quarter, up 101% year over year, with a margin of 59%. Net loss came to $626 million, while diluted loss per share was $1.14. Earnings per share showed a loss of $1.20, in line with the market expectation of a $1.20 loss.
CoreWeave said revenue backlog stood at about $104 billion, up from the previous $99 billion and more than 25% higher since the last quarter’s earnings report. That backlog figure does not include more than $25 billion in net new customer commitments added at the beginning of the third quarter.
According to MSX.COM data, CoreWeave shares rose nearly 15% in after-hours trading.
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