CoreWeave revenue jumps 168% to $3.66B but net loss balloons 6x to $709M on borrowing costs
rohanpaul_ai · x · 2026-11-11
CoreWeave's Q3 shows hypergrowth paired with deepening losses:
- Revenue hit $3.66B, up 168% YoY, but net loss grew more than sixfold to $709M
- The loss is driven by debt: net interest expense rose from $310M to $846M, exceeding the quarter's $379M adjusted operating income
- The company borrows to buy Nvidia GPUs ahead of rental income, burning $7.5B after capex, up from $1.6B a year earlier
- Contracted backlog climbed to $132.5B from $104B in June; 2026 revenue guidance raised to $13B-$13.3B and full-year capex guidance to $37B-$39B
- It ended the quarter with $4.12B cash against nearly $47B of debt, so growth depends on new borrowing or share sales. Funding worries had cut the stock over 40% in a month; shares rose 6% after hours
Related event: CoreWeave Q3 Revenue Soars 168% as Net Loss Widens Sixfold(2 posts)→
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