Earnings Releases·Nov 10, 2026, 4:05 PM ET

CoreWeave — Third Quarter 2026 Earnings Summary

Revenue surged 168% year-over-year to $3.66 billion for Q3 2026, while Adjusted EBITDA rose 169% to $2.26 billion; however, net loss widened to $709 million from $110 million in the prior year period.
Management raised full-year 2026 revenue guidance to $13.0–$13.3 billion and adjusted operating income guidance to $1.275–$1.375 billion, alongside an increased capital expenditure outlook of $37–$39 billion.
Strategic capital activities included raising approximately $4.2 billion via convertible senior notes, establishing a $35 million equity program, and closing a $2.6 billion facility for shorter-duration contracts, resulting in $10.3 billion in net debt proceeds.
Operational scale expanded significantly with active power exceeding 1.7 GW (doubling since year-start) and a revenue backlog of $132.5 billion, supported by new product launches including CoreWeave Forge and NVIDIA Vera Rubin deployments.
Total assets grew to $91.5 billion and recourse debt increased to $41.6 billion as of September 30, 2026, reflecting aggressive infrastructure build-out and financing to meet surging demand.