NASDAQ$CRWV

CoreWeave Inc · Q3 2025 earnings

Q3 2025 earnings · · After market close · Investor relations

Briefing

CoreWeave reported Q3 2025 revenue of $1.36B with a net loss of $110.1M and diluted EPS of $(0.22).

Third-quarter revenue surged 134% to $1.36 billion as AI cloud demand scaled. Net loss narrowed to $110.1 million from $359.8 million a year ago; diluted EPS was $(0.22) versus $(1.82). Revenue from customer commitments represented 98% of total revenue in the quarter.

  • Q3 revenue $1.36B (+134% YoY).
  • Net loss $110.1M; diluted EPS $(0.22).
  • 98% of revenue from committed cloud contracts.
  • Continued data-center and GPU capacity expansion.

Headline financials

Total Revenue

$1.36B

No prior period
EPS (adj)

-$0.22

No prior period
Adjusted EBITDA

$838M

No prior period
Adjusted EBITDA Margin

61.0%

No prior period
Adjusted Operating Income

$217M

No prior period
Adjusted Net Loss

-$41M

No prior period
Revenue Backlog

$55.6B

No prior period
Capital Expenditures

-$6.25B

No prior period
Free Cash Flow

-$6.36B

No prior period
Net Income

-$110M

No prior period
Operating Income

$51.9M

No prior period
Gross Profit

$996M

No prior period
Cash & Equivalents

$1.89B

No prior period
Total Assets

$32.9B

No prior period

Revenue & EPS history

CoreWeave Inc · Revenue · Quarterly

$1.36B

Q3 2025
Beat estimate in 3 of 3 quarters(100%)
ActualEstimate

Forward guidance

The filing discusses CoreWeave's outlook, capital deployment, and key risks without relying solely on numeric EPS guidance.

Tailwinds

  • CoreWeave cited execution on strategic priorities in the filing.
  • Balance sheet and liquidity support continued operations.

Headwinds

  • GAAP profitability remained under pressure in the quarter.
  • Macro, competitive, and cost pressures may affect margins.
  • Segment mix and one-time items can affect comparability.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 5 quarterly earnings reports · overlaid with Q3 2025

Historical avgQ3 2025

-11.7%

Avg return

Earnings day

-13.8%

Avg return

5 days after

+5.1%

Avg return

30 days after

0%

0 / 5 earnings

Positive

-2.5%

Q1 2025

Best reaction

-20.7%

Q2 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-6.6%-22.3%-27.3%
Q4 2025-12.1%-18.6%-23.4%
Q3 2025-16.5%-26.7%-17.3%
Q2 2025-20.7%-34.9%-24.7%
Q1 2025-2.5%+33.8%+118.2%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro