NASDAQ$CRWV
CoreWeave Inc · Q4 2025 earnings
Q4 2025 earnings · · After market close · Investor relations
Briefing
CoreWeave reported Q4 2025 revenue of $1.57B with a net loss of $(452)M and adjusted EBITDA of $898M.
Q4 2025 revenue was $1.572 billion with net loss of $(452) million, or $(0.89) per share, and adjusted EBITDA of $898 million. Revenue backlog grew to $66.8 billion as AI cloud demand accelerated; full-year revenue reached $5.131 billion.
- Revenue $1.57B in Q4.
- Net loss $(452)M; EPS $(0.89).
- Adjusted EBITDA $898M.
- Revenue backlog $66.8B.
Headline financials
Revenue & EPS history
CoreWeave Inc · Revenue · Quarterly
$1.57B
Forward guidance
Hypergrowth capex plan supported by contracted backlog and GPU infrastructure expansion.
Tailwinds
- Fastest cloud to $5B annual revenue.
- Massive contracted backlog visibility.
Headwinds
- Large GAAP losses from depreciation and interest.
- Execution risk scaling data centers.
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 Q4 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
| Quarter | Report date | Reaction (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
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