Cloud-based Nvidia GPU provider CoreWeave files for an IPO on the Nasdaq under CRWV and says 2024 revenue was up 737% YoY to $1.92B and it had an $863M net loss
CoreWeave, a provider of cloud-based Nvidia processors to companies including Meta and Microsoft, is headed for the public market.
CNBC Jordan Novet
Related Coverage
- FORM S-1 — PROSPECTUS SUMMARY This summary highlights selected information that is presented … U.S. Securities and Exchange Commission
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Discussion
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@edzitron.com
Ed Zitron
on bluesky
Coreweave lost $800m last year and their revenue is contingent on the AI boom continuing — www.theinformation.com/articles/ cor... [embedded post]
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@stevekovach
Steve Kovach
on bluesky
CoreWeave started as a bitcoin mining company. Then pivoted to AI. Then filed to go public on the same day Nvidia fell more than 8%, taking the Nasdaq down with it. [embedded post]
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@julianklymochko
Julian Klymochko
on x
CoreWeave filed its S-1 to go public, which will be a huge barometer for the strength (or lack thereof) of AI sentiment. If the IPO fails, look out below on AI-related names. Congrats to MS for getting lead left [image]
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@darinfeinstein
Darin Feinstein
on x
The most remarkable fact about the Coreweave IPO is that Coreweave's revenue is growing at astronomical levels, increasing 124x in 2 years from $16 Million to $2 Billion. A 12,400% revenue increase. 🚀🚀 $Corz infrastructure was built for that increase. [image]
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@chiraag_deora
@chiraag_deora
on x
CoreWeave's revenue ramp is insane, but even more impressive that they're doing it with 74% non-GAAP gross margins and de minimis S&M! [image]
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@josephjacks_
@josephjacks_
on x
So @CoreWeave founders own < 3% of company and sold $500M in secondary before IPO. Classic pump and dump. Public investors will hold a heavily inflated bag of financial engineering. Hard pass. S1 from earlier: https://www.sec.gov/... [image]
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@shaig
Shai Goldman
on x
$0 to $2B in revenue in 4 years 👀 CoreWeave [image]
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@everettrandle
Everett Randle
on x
Excitedly waiting for CoreWeave S-1 tweets to see who doesn't actually understand financial statements
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@byrnehobart
Byrne Hobart
on x
Happy CoreWeave S-1 Day to all who observe/celebrate. https://www.sec.gov/... 121x increase in capex from 2022-24
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@andrewbenson
Andrew Benson
on x
One of the companies we follow just filed for IPO! Huge moment. Congratulations to the @CoreWeave team for standing up the first AI hyperscaler! AI chips are finicky and take special handling which big tech can't do! [image]
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r/wallstreetbets
r
on reddit
Nvidia-Backed CoreWeave Files for IPO, Revealing Growing Revenue