Coreweave reported Tuesday mixed second-quarter as revenue beat estimates, but losses came in much wider than expected following a surge in expenses.
CoreWeave Inc (NASDAQ:CRWV) fell 6% in afterhours trading following the report.
For the three months ended June 30, 2025, Coreweave reported a loss per share of $0.60 on revenue of $1.21 billion, compared with Wall Street estimates for a loss of $0.20 on revenue of $1.08 billion.
Operating expenses jumped to $1.19B from $317.7M in the prior-year period.
Motable customer wins included a $4 billion expansion deal with OpenAI, new hyperscaler partnerships, and engagements with AI labs and enterprises such as BT Group (LON:BT) and Cohere.
Source :
https://www.investing.com/news/earnings/coreweave-reports-widerthanexpected-q2-loss-as-expenses-jump-4186447
