CoreWeave 2025 Q1 Earnings Misses Targets as Net Income Widens 143%

CoreWeave reported a significant 420.3% increase in total revenue for fiscal 2025 Q1, reaching $981.63 million compared to $188.68 million in 2024 Q1. Despite this impressive growth, the earnings per share fell below expectations, with a net loss of $1.40 per share, marking a 125.8% increase from the 2024 Q1 loss of $0.62 per share. CoreWeave anticipates continued growth, driven by strong demand for its AI platform, and plans to provide detailed guidance during its upcoming earnings conference call.

Revenue

Total revenue for CoreWeave in fiscal 2025 Q1 surged by 420.3%, reaching $981.63 million, a significant increase from $188.68 million in 2024 Q1.

Earnings/Net Income

CoreWeave's net loss deepened to $1.40 per share in 2025 Q1, compared to a loss of $0.62 per share in 2024 Q1, reflecting a widening loss of 125.8%.

Price Action

The stock price of CoreWeave dropped 4.50% during the latest trading day, surged 19.58% over the trading week, and increased 50.81% month-to-date.

Post-Earnings Price Action Review

The strategy of buying CRWV when revenues miss involves speculative risks, as it assumes short-term token appreciation. A hypothetical backtest starting May 12, 2025, showed a token price increase of 5% over 30 days. However, the strategy carries market, company, and regulatory risks, potentially affecting token value and investor sentiment. While positive price change is possible, caution is advised, especially for risk-averse investors. Reviewing CoreWeave's fundamentals and market conditions is recommended before investing, as the strategy's success relies on improved company performance and favorable market trends.

CEO Commentary

CoreWeave's CEO, Michael Intrator, highlighted the company's strong financial performance in 2025's first quarter, emphasizing growth from its IPO and partnerships, including a major deal with OpenAI. Intrator expressed optimism about scaling efforts to meet increasing demand for AI cloud infrastructure.

Guidance

CoreWeave anticipates ongoing growth from increasing demand for its AI platform and strategic investments. The company aims to manage its capital structure effectively, supporting investments while maintaining flexibility for future opportunities. Detailed forward-looking guidance will be provided during the earnings conference call.

Additional News

CoreWeave recently completed its acquisition of Weights & Biases on May 5, 2025, enhancing its AI cloud platform capabilities. The merger aims to accelerate AI development and deployment, maintaining interoperability for customers. CoreWeave also expanded its credit facility to $1.5 billion on May 6, 2025, to support global expansion. Additionally, CoreWeave partnered with MERLIN Edged to launch a major AI supercomputer facility in Barcelona, Spain, announced on May 13, 2025, part of a $2.2 billion European investment, emphasizing sustainability with 100% renewable energy use.