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CoreWeave reports Q2 revenue up 207% YoY to $1.21B, vs. $1.08B est., and adjusted net loss up 2,450% YoY to $130.8M, vs. $96.3M est.; CRWV drops 10%+

Earnings Could Be The Next Catalyst Jordan Novet / CNBC : CoreWeave shares drop even as revenue and guidance top estimates Angelica Ballesteros / Insider Monkey : CoreWeave (CRWV) Surges 7.9% Ahead of Q2 Earnings Today X: Ben Bajarin / @benbajarin : We have been using 5-6 years as GPU lifecycle for our GPU installed base model. If this is right the IB is even a bit bigger than we are estimating. What we do know if NVIDIA TCO gets very attractive the longer they are able to be competitive and hold up. Austin Lyons / @theaustinlyons : WOW, update your financial models!!! $CRWV implies a 7-year useful life for GPUs. H100s & A100s still earn $ after training contracts end, repurposed for inference. To be fair, Jensen has been saying this all along :) $CRWV $NVDA @CoreWeave @nvidia [image] Tae Kim / @firstadopter : After the financial results, CoreWeave CEO Michael Intrator told me said the magnitude of demand outstripping supply has deepened compared to the three months ago. He said the biggest challenge and largest bottleneck now is building out the physical infrastructure—including data Austin Lyons / @theaustinlyons : Customer diversity is good for $CRWV. Customer concentration was understandable as CoreWeave is a great bare metal cloud for massive training runs, and naturally there are only a few customers who can take advantage of that. But expansion beyond hyperscalers to large [image] @coreweave : Today, CoreWeave reported a stand out quarter, delivering record revenue of $1.2 billion and $200 million in adjusted operating income, while doubling revenue backlog since the beginning of the year. This progress underscores the robust demand and strong execution across every James Woodman / @jameswoodmanv : Coreweave is financing its “demand led capex” efficiently, lowering the cost of capital to 9.34%. But the problem is: Accounts receivable has grown by $1.5B in H1 2025, and revenue backlog has grown materially as well, with an increasing amount in the short-term (< 24 months) [image]

Bloomberg

Discussion

  • @benbajarin Ben Bajarin on x
    We have been using 5-6 years as GPU lifecycle for our GPU installed base model. If this is right the IB is even a bit bigger than we are estimating. What we do know if NVIDIA TCO gets very attractive the longer they are able to be competitive and hold up.
  • @theaustinlyons Austin Lyons on x
    WOW, update your financial models!!! $CRWV implies a 7-year useful life for GPUs. H100s & A100s still earn $ after training contracts end, repurposed for inference. To be fair, Jensen has been saying this all along :) $CRWV $NVDA @CoreWeave @nvidia [image]
  • @firstadopter Tae Kim on x
    After the financial results, CoreWeave CEO Michael Intrator told me said the magnitude of demand outstripping supply has deepened compared to the three months ago. He said the biggest challenge and largest bottleneck now is building out the physical infrastructure—including data
  • @theaustinlyons Austin Lyons on x
    Customer diversity is good for $CRWV. Customer concentration was understandable as CoreWeave is a great bare metal cloud for massive training runs, and naturally there are only a few customers who can take advantage of that. But expansion beyond hyperscalers to large [image]
  • @coreweave @coreweave on x
    Today, CoreWeave reported a stand out quarter, delivering record revenue of $1.2 billion and $200 million in adjusted operating income, while doubling revenue backlog since the beginning of the year. This progress underscores the robust demand and strong execution across every
  • @jameswoodmanv James Woodman on x
    Coreweave is financing its “demand led capex” efficiently, lowering the cost of capital to 9.34%. But the problem is: Accounts receivable has grown by $1.5B in H1 2025, and revenue backlog has grown materially as well, with an increasing amount in the short-term (< 24 months) [im…