CoreWeave Q4 Revenue Tops Estimates at $1.57B as Loss Widens to $0.56
CoreWeave’s Q4 revenue rose to $1.57B, beating the $1.55B estimate, while adjusted loss widened to $0.56 per share versus $0.50 expected, sending shares down 0.39% to $97.63 and 8.8% after hours. The company closed the quarter with a $66.8B revenue backlog and $3.13B in cash.
1. Q4 Financial Results
CoreWeave reported fourth-quarter revenue of $1.57 billion, surpassing the $1.55 billion consensus, while its adjusted loss widened to $0.56 per share compared to $0.50 expected. Shares dipped 0.39% to close at $97.63 and fell 8.8% in after-hours trading on the mixed results.
2. Balance Sheet Strength and Demand Indicators
The AI-focused provider ended the quarter with a $66.8 billion order backlog and $3.13 billion in cash and equivalents against $1.66 billion in operating expenses, reflecting strong demand for its cloud services alongside rising cost pressures.