CoreWeave says second-quarter revenue rose to $2.575 billion from $1.212 billion

CoreWeave reported results for the quarter ended June 30, 2026, on August 11, 2026. It posted an operating loss of $49 million, compared with operating income of $19 million in the same quarter of 2025.

The net loss was $626 million, or $1.14 per share, compared with $290 million, or $0.60 per share, a year earlier. Adjusted EBITDA was $1.51 billion, up from $753 million. Interest expense, net, was $640 million, compared with $267 million.

CoreWeave said its revenue backlog excludes more than $25 billion of net new customer commitments added in early third quarter. It said backlog includes remaining performance obligations, plus other amounts it estimates will be recognized as revenue in future periods under committed customer contracts, subject to the satisfaction of delivery and availability of service requirements.

CoreWeave said it expanded active power by nearly 500 megawatts to reach 1.5 gigawatts and grew total contracted power to approximately 3.7 gigawatts. It also reported a $3.1 billion term loan, a $1 billion strategic investment from Jane Street following the expansion of their commercial relationship in Q1 2026, and more than $10 billion of unsecured debt and convertible bonds. CoreWeave was also selected for inclusion in the Nasdaq-100 Index.

CoreWeave said it will provide forward-looking guidance on its earnings conference call and webcast on August 11, 2026, at 2:00 pm PT, or 5:00 pm ET.