CoreWeave just posted a breakout quarter. 🚀
📈 Revenue: Q3 revenue hit $3.66 billion, up 168% year over year and ahead of the $3.54 billion consensus. Backlog reached a record $132.5 billion.
🎯 Guidance: Full-year revenue guidance was raised to $13-13.3 billion, from $12-13 billion.
📊 Market: Shares closed at $60.77, up 24.7% on the day, after plunging about 60% in six months on debt fears.
⚠️ Reality: The quarter still lost $709 million, with $846 million in net interest expense and about $47 billion in debt. The growth is real, and so is the leverage.
$CRWV #CoreWeaveJumps10%On168%RevenueGrowth
📈 Revenue: Q3 revenue hit $3.66 billion, up 168% year over year and ahead of the $3.54 billion consensus. Backlog reached a record $132.5 billion.
🎯 Guidance: Full-year revenue guidance was raised to $13-13.3 billion, from $12-13 billion.
📊 Market: Shares closed at $60.77, up 24.7% on the day, after plunging about 60% in six months on debt fears.
⚠️ Reality: The quarter still lost $709 million, with $846 million in net interest expense and about $47 billion in debt. The growth is real, and so is the leverage.
$CRWV #CoreWeaveJumps10%On168%RevenueGrowth
