CoreWeave Announces Impressive Q3 2025 Financial Results
CoreWeave, Inc. (Nasdaq: CRWV) has announced outstanding financial results for the third quarter ending September 30, 2025. The company reported a revenue backlog exceeding $55 billion, nearly doubling their previous figures. Michael Intrator, Co-Founder and CEO, emphasized the importance of innovation and infrastructure expansion in achieving this success. CoreWeave’s reputation as a leading cloud provider for artificial intelligence (AI) continues to grow.
Third Quarter 2025 Financial Results
During the third quarter, CoreWeave achieved several significant milestones:
- Revenue backlog was reported at $55.6 billion.
- Secured a multi-year contract with Meta valued up to $14.2 billion.
- Expanded the partnership with OpenAI to an estimated $22.4 billion.
- Entered into agreements with notable organizations, including NASA JPL and Mizuho Bank.
Infrastructure and Technological Advancements
CoreWeave continues to enhance its Purpose-Built AI Infrastructure:
- Added approximately 120 megawatts (MW) of active power, totaling around 590 MW.
- Expanded total contracted power to approximately 2.9 gigawatts (GW).
- Introduced new technology, becoming the first to deploy NVIDIA GB300 NVL72 systems.
Financial Growth and Strategic Collaborations
The financial position of CoreWeave strengthened significantly:
- Raised $1.75 billion through 9.0% Senior Unsecured Notes due in 2031.
- Closed a $2.6 billion delayed draw term loan facility.
- Announced a $6.3 billion partnership with NVIDIA to enhance GPU infrastructure.
Commitment to AI Innovation
CoreWeave is dedicated to fostering innovation within the AI landscape. Recently, the company:
- Founded CoreWeave Ventures to support emerging AI technologies.
- Committed to an investment of up to $6 billion for a new data center in Lancaster, Pennsylvania.
- Increased its commitment in the UK to a total of £2.5 billion for sustainable computing growth.
CoreWeave plans to discuss its earnings and provide additional updates in a conference call set for today at 2:00 PM PT / 5:00 PM ET. Investors should keep an eye on the results as CoreWeave continues to position itself at the forefront of the AI cloud services market.
