CoreWeave reported Q4 FY2025 revenue of USD 1.6 billion and a net loss of USD 452 million, with operating loss of USD 89 million and interest expense, net of USD 388 million. Q4 adjusted EBITDA was USD 898 million (57% margin), and adjusted operating income was USD 88 million (6% margin). For FY2025, revenue was USD 5.1 billion, net loss was USD 1.2 billion, operating loss was USD 46 million, and interest expense, net was USD 1.2 billion; FY adjusted EBITDA was USD 3.1 billion (60% margin) and adjusted operating income was USD 666 million (13% margin). Revenue backlog was USD 66.8 billion as of December 31, 2025. Business updates for the quarter included customer wins and expansions across AI labs, hyperscalers and enterprises (including Cognition, CrowdStrike, Cursor, Mercado Libre, Midjourney and Runway), adding about 260 MW of active power capacity to more than 850 MW and expanding contracted power to about 3.1 GW. CoreWeave highlighted being named an NVIDIA Exemplar Cloud for training workloads on NVIDIA GB200 NVL72, launching AI Object Storage and zero egress migration, and launching Serverless RL. The company also announced acquisitions of Monolith and Marimo, launched CoreWeave Federal, raised about USD 2.6 billion in convertible senior notes, expanded its revolving credit facility to USD 2.5 billion, and announced a global partnership with CrowdStrike.

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