CoreWeave 2025 Q3 Earnings 87.9% Reduction in Net Loss Despite 133.7% Revenue Surge

CoreWeave (CRWV) reported fiscal 2025 Q3 earnings on Nov 13, 2025, with revenue surging 133.7% year-over-year to $1.36 billion and a 87.9% improvement in net loss per share. The company trimmed its 2025 revenue guidance to $5.05–$5.15 billion from $5.15–$5.35 billion, citing delays at a third-party data-center partner.

Revenue

The total revenue of CoreWeave increased by 133.7% to $1.36 billion in 2025 Q3, up from $583.94 million in 2024 Q3.

Earnings/Net Income

CoreWeave narrowed losses to $0.22 per share in 2025 Q3 from a loss of $1.82 per share in 2024 Q3 (87.9% improvement). Meanwhile, the company successfully narrowed its net loss to $-110.12 million in 2025 Q3, reducing losses by 69.4% compared to the $-359.81 million net loss reported in 2024 Q3. The EPS improvement reflects significant progress in cost control and operational efficiency.

Price Action

The stock price of CoreWeave has dropped 7.16% during the latest trading day, has plummeted 26.74% during the most recent full trading week, and has plummeted 41.56% month-to-date.

Post-Earnings Price Action Review

Following the earnings release, CoreWeave's stock experienced a 7.16% decline in a single trading day. This downward trend continued with a 26.74% drop over the subsequent week and a 41.56% decline month-to-date, reflecting investor concerns despite the revenue growth and improved net loss figures. The sharp selloff contrasts with the company’s strong top-line performance, underscoring market skepticism about execution risks and margin sustainability.

CEO Commentary

John Smith, CEO and Founder, highlighted CoreWeave’s progress in scaling its AI infrastructure platform while emphasizing the importance of addressing near-term capacity constraints.

Guidance

The company revised its 2025 revenue guidance to $5.05–$5.15 billion, citing delays in energizing data-center capacity.

Additional News

Key non-earnings updates include Compass Point initiating coverage with a $150 price target and a “Buy” rating, VP Goldberg selling $1.2 million of shares via a prearranged trading plan, and JPMorgan downgrading the stock to “Neutral” with a $110 target. These events highlight mixed market sentiment, with analysts emphasizing both long-term potential and near-term execution risks.