Why Did CoreWeave Plunge 9.55%? Earnings Miss Overshadows Revenue Growth

On August 13, 2025, CoreWeave's stock experienced a significant drop of 9.55% in pre-market trading, reflecting investor concerns over the company's recent financial performance.

CoreWeave reported a larger-than-expected loss for the second quarter, which disappointed investors and led to a sharp decline in its stock price. The company's adjusted loss per share was $0.60, surpassing the consensus estimate of a $0.49 loss. Despite a 206% year-over-year revenue growth to $1.213 billion, the substantial loss overshadowed the positive revenue figures, causing the stock to plummet.

Analysts had anticipated a slower pace of earnings growth for the second quarter, partly due to economic uncertainties and high stock valuations. CoreWeave's earnings miss added to the overall market sentiment, contributing to the stock's decline. The company's significant expansion costs and heavy losses further weighed on investor confidence, despite the record revenue and a substantial backlog of $30.1 billion.