Coreove (CRWV) Q2 2025

Coruv The shares decreased by 9 % in trading on Tuesday, even when the artificial intelligence infrastructure provider and directives overcame expectations.

Here’s how the company compared to the consensus of LSEG:

• Arrow’s profits: Loss of 21 cents
• profit: $ 1.21 billion for $ 1.08 billion expected

Corweef said the revenues more than three times from 395.4 million dollars in the previous year. statement. The company recorded a net loss of $ 290.5 million, compared to a loss of $ 323 million in the second quarter of 2024. Korween’s profits per share were not immediately compared to LSEG estimates.

Nitin Agrouwal, head of the company’s financing, said at a phone conference with analysts that the growth of revenue is still bound by the ability, as the demand for the offer exceeds. The company competes with cloud service providers such as Amazon To rent Nafidia Corporate chips.

Coreave’s operating margin of 2 % from 20 % a year ago due to $ 145 million in stock compensation costs. The debt is now sitting at $ 11.1 billion. This is the second quarter of the full financial results of Coreweave as a public company after the public subscription in March.

In a phone call with analysts, Coreweave Mike Intrator pointed out to an expansion in the field of business with Openai, a major customer and investor, and said that Goldman Sachas and Morgan Stanley became customers. Both banks were guarantees in the Corpical career The first general offering.

During a quarter, Coreweave acquired Weights and biases, startup with a program to monitor artificial intelligence models, for $ 1.4 billion.

In May, the administration described 420 % revenue growthBesides expanding losses and about $ 9 billion of debt. The arrow is still Double anyway Over the course of next month.

For the third quarter, Coreweave expects $ 1.26 billion to $ 1.30 billion from the second -quarter revenue. The survey analysts by LSEG were looking for $ 1.25 billion.

Coreave now sees 5.15 billion dollars to $ 5.35 billion of revenue for all 2025, indicating a growth rate of 174 %. The new range rises from $ 4.9 billion to $ 5.1 billion, expectations that the administration gave in May. Analysts of LSEG $ 5.05 billion in 2025 expected.

The shares of the company appeared for the first time on the Nasdak Stock Exchange at the end of the first quarter, after they sold 37.5 shares at a price of $ 40 each, achieving $ 1.5 billion of revenues. As of the closure of Tuesday, the stock was traded at $ 148.75 for the market ceiling of more than $ 72 billion.

The company said in the statement that the Coreweave Data Center project in New Jersey, which reaches 250 megawatts of capacity is delivered in 2026.

Intrator said later this year, Corewave said to start allowing people to rent graphics processing units on the basis of point. This means that Couffeav can regain graphics processing units quickly from clients if the company decides that another place is needed, but the costs are less than it will be upon purchase upon request.

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