Citable filing context
CRWV's research view summarizes recent SEC filing context, starting with earnings from Aug 11, 2026.
| Filed | Item | Context |
|---|---|---|
| Aug 11, 2026 | earnings | CoreWeave reported Q2 2026 revenue of $2.575 billion and a net loss of $626 million. |
| Aug 10, 2026 | debt_offering | CoreWeave entered into a $2.6 billion delayed draw term loan facility to finance GPU server acquisitions. |
| Jun 18, 2026 | debt_offering | CoreWeave completed a private offering of $1.25 billion in USD notes and €2.0 billion in EUR notes. |
| Jan 26, 2026 | Guidance: ai_factory_capacity | not reported to 5.00 |
| Jul 7, 2025 | Guidance: cost_savings | 500.00 to not reported |
| Aug 12, 2026 | mda_quarterly | CoreWeave experienced substantial growth in the first half of 2026, with revenue reaching $4.65 billion, a 112% increase year-over-year. This performance was driven primarily by expansion within the existing customer base, which accounted for 93% of the revenue growth. The company provides a specialized cloud platform for AI, featuring GPU clusters, high-speed networking, and proprietary orchestration tools like CoreWeave Mission Control. To support this demand, the company significantly scaled its data center footprint, leading to a 177% increase in cost of revenue and a 126% rise in technology and infrastructure expenses, largely due to depreciation of servers and networking equipment. Despite strong top-line growth, CoreWeave reported a net loss of $1.37 billion for the six months ended June 30, 2026, exacerbated by $1.18 billion in net interest expense from heavy debt financing. Liquidity remains a priority, with $15.55 billion in total available liquidity as of June 30, 2026. The company continues to fund its aggressive infrastructure build-out through a combination of equity private placements—including significant investments from NVIDIA—and extensive debt facilities, including $16.6 billion in Senior and Convertible Notes. Capital expenditures for property and equipment reached $14.1 billion for the six-month period. |
| May 8, 2026 | mda_quarterly | CoreWeave experienced significant growth in the first quarter of 2026, with revenue reaching $2.08 billion, a 112% increase year-over-year. This surge was driven by robust demand for its AI-native cloud platform, which provides specialized infrastructure including GPU clusters, high-speed networking, and exascale storage. While revenue expanded rapidly, the company reported a net loss of $740 million, compared to $315 million in the prior-year period, largely due to heavy capital investment and rising interest expenses. Operating costs rose sharply, with cost of revenue increasing 173% to $716 million, reflecting higher rent, power, and utility expenses associated with an expanded data center footprint. Technology and infrastructure expenses also climbed to $1.27 billion, primarily due to increased depreciation from massive investments in GPU fleets and networking hardware. To fund this aggressive expansion, CoreWeave relies on a mix of debt and equity, including a $2.0 billion private placement with NVIDIA in January 2026 and $11.8 billion in outstanding delayed draw term loans. Despite an accumulated deficit of $3.4 billion, management maintains that current liquidity—totaling $11.1 billion—is sufficient to support ongoing capital expenditures and operational requirements as the company continues to scale its AI infrastructure. |
| Mar 2, 2026 | business | CoreWeave operates a vertically integrated, AI-native cloud platform designed specifically for high-performance computing, including large-scale model training, inference, and agentic workflows. Unlike general-purpose cloud providers, CoreWeave’s infrastructure is purpose-built for high-density GPU clusters, utilizing proprietary orchestration software, "CoreWeave Mission Control," and advanced networking to manage distributed AI systems. The company maintains a competitive advantage by being among the first to deploy cutting-edge hardware, such as NVIDIA’s GB200, GB300, and upcoming Rubin platforms, supported by liquid cooling and high-speed interconnects like 800Gbps networking. The business model relies on multi-year, take-or-pay contracts with leading AI labs and enterprises, resulting in significant remaining performance obligations ($60.7 billion as of year-end 2025). Revenue has scaled rapidly, reaching $5.1 billion in 2025, though the company continues to report net losses due to heavy capital investment in infrastructure. CoreWeave’s footprint expanded to 43 data centers with 850 MW of active power by the end of 2025. Key risks include the necessity of maintaining strong supply chain relationships with semiconductor manufacturers, the capital-intensive nature of financing infrastructure through asset-level debt, and the operational challenges of scaling high-density, power-hungry data centers globally. |
Source: SEC EDGAR filing text and events; period Aug 11, 2026; filed Aug 11, 2026.
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