Earnings call briefThird-quarter 2026

CoreWeave CRWV

At current yields, CoreWeave says no new unsecured parent debt through 2027

CoreWeave expects to raise less than $5 billion in incremental parent-level capital through 2027, after counting other sources.

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Chief Financial Officer Nitin Agrawal said on the third-quarter call that, based on early discussions, the company expects its next delayed draw term loan to price at a spread implying a 7% to 7.5% yield based on current SOFR, while financing more than 90% of the associated capex.

CoreWeave also said it expects approximately $9 billion of customer prepayments and deposits in the next three months alone.

Quotes from the call

“Accounting for these sources, we expect to raise less than 5 billion in incremental parent level capital through 2027.”

Nitin Agrawal, CFO

Key facts from the call

Expected incremental parent-level capital through 2027
Less than $5 billion
Expected next delayed draw term loan implied yield
7% to 7.5% based on current SOFR, per early discussions
Expected customer prepayments and deposits, next three months
Approximately $9 billion

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Source: CoreWeave's third-quarter 2026 earnings call, November 10, 2026.

Written by GetSignal with AI from the company's earnings call.

Not investment advice.

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