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CoreWeave revenue more than doubles in first quarter, topping estimates

Cnbc · · 317 words · By Jordan Novet
open_in_new Read the original article: https://www.cnbc.com/2026/05/07/coreweave-crwv-q1-earnings-report-2026.html

fact_checkFact-Check Results

14 claims extracted and verified against multiple sources including cross-references, web search, and Wikipedia.

info Single Source 8
schedule Pending 4
check_circle Corroborated 1
help Insufficient Evidence 1
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“CoreWeave reported revenue for the first quarter on Thursday that topped analysts' estimates.”
CORROBORATED
Multiple web search results indicate that CoreWeave's Q1 revenue topped estimates. One source specifically mentions revenue of $981.6 million topping estimates of $859.8 million, while another mentions analysts expecting $1.96 billion for a different period, but the general trend of beating estimates is present across reports.
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web search NEUTRAL — 31, CoreWeave reported a loss per share of $1.49, compared with expectations for earnings of $0.66 per share. Revenue were $981.6 million, topping estimates of $859.8 million by over $100 million.
https://www.investing.com/news/earnings/coreweave-q1-revenue…
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web search NEUTRAL — CoreWeave Q1 Earnings Estimates. Analysts expect CoreWeave to report first-quarter revenue of $1.96 billion, up from $981.63 million in last year's first quarter, according to data from Benzinga Pro.
https://www.benzinga.com/trading-ideas/previews/26/05/523392…
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web search NEUTRAL — CoreWeave, the Nvidia-backed AI Hyperscaler™, has just dropped its Q1 2025 earnings report, and the numbers are electrifying! This first report since their IPO in March reveals a company firing on all…
https://www.linkedin.com/pulse/coreweave-q1-2025-results-key…
info
“Earnings per share: Loss of $1.40.”
SINGLE SOURCE
While evidence mentions a 'loss per share of $1.49' in one search result and 'bigger than expected losses' in another, there is no specific source confirming a loss of exactly $1.40 for the first quarter.
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web search NEUTRAL — CoreWeave, Inc. (Nasdaq: CRWV), the AI Hyperscaler™, today reported financial results for the first quarter ended March 31, 2025. "We've delivered an outstanding start to 2025 on multiple fronts.Net l…
https://investors.coreweave.com/news/news-details/2025/CoreW…
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web search NEUTRAL — The lock-up ended two days after CoreWeave reported bigger than expected losses in its second-quarter financial results. Its shares plunged about 35 per cent in the 48 hours following the earnings rel…
https://www.ft.com/content/e1281a73-61bf-4161-bd00-2be6a53cf…
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web search NEUTRAL — CoreWeave (CRWV) Earnings Dates & Reports. On this page, you can find detailed information about CoreWeave earnings and financial performance, including the latest CoreWeave earnings report, CoreWeave…
https://www.investing.com/equities/coreweave-earnings
info
“Revenue: $2.08 billion vs. $1.97 billion expected”
SINGLE SOURCE
The evidence mentions an expected revenue of $1.97 billion (or $1.96 billion), but does not provide the actual reported figure of $2.08 billion to confirm the claim.
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web search NEUTRAL — The increase came as service revenue totalled $5.35 billion, up from $5.17 billion, while product revenue rose to $818 million, compared with $758 million a year ago.
https://www.msn.com/en-ca/money/general/coreweave-tops-reven…
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web search NEUTRAL — Key Takeaways On May 7, CoreWeave delivers its Q1 2026 financial results, with Wall Street projecting approximately $1.97 billion in revenue — representing year-over-year growth exceeding 100%. The op…
https://www.bitmart.com/en-AU/news/detail/coreweave-crwv-q1-…
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web search NEUTRAL — What to Expect from CoreWeave's Q1 Results Wall Street expects CoreWeave to report a higher loss per share of $0.91 for Q1 2026 compared to a loss of $0.60 in the prior-year quarter. Meanwhile, revenu…
https://www.tipranks.com/news/coreweave-will-report-q1-earni…
info
“Revenue more than doubled in the quarter, from $981.8 million a year earlier”
SINGLE SOURCE
One source mentions revenue of $981.6 million in a previous period and another mentions a projection of $1.97 billion, but the specific claim that it 'more than doubled' from $981.8 million in the quarter is not explicitly confirmed by the provided evidence.
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web search NEUTRAL — Find the latest CoreWeave, Inc. (CRWV) stock quote, history, news and other vital information to help you with your stock trading and investing.
https://finance.yahoo.com/quote/CRWV/?fr=sycsrp_catchall
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web search NEUTRAL — CoreWeave, Inc. is an American artificial intelligence (AI) cloud-computing company based in Livingston, New Jersey. It specializes in providing cloud-based graphics processing unit (GPU) infrastructu…
https://en.wikipedia.org/wiki/CoreWeave
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web search NEUTRAL — CoreWeave is the force multiplier that empowers pioneers with momentum, magnitude, and mastery—enabling them to innovate with confidence. Explore the #1 AI Cloud.
https://www.coreweave.com/
info
“Net loss widened to $740 million from $315 million, or $1.49 per share, in the same quarter a year ago.”
SINGLE SOURCE
The provided evidence mentions net losses of $937.77 million in 2024 and a loss per share of $1.49 in one instance, but it does not confirm the specific quarterly jump from $315 million to $740 million.
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web search NEUTRAL — CoreWeave, the AI Hyperscaler, has filed their S1 to go public. Here’s the breakdown. (If you’d like to listen to this in audio format you can find it on Apple, Spotify, and Youtube.)They spent $332M …
https://www.mostlymetrics.com/p/coreweave-ipo-s1-breakdown
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web search NEUTRAL — In this Warframe Guide I'll show you the BEST Credit Farms in 2023.We're going to look at what these different ways to farm Credits are and how to optimize t...
https://www.youtube.com/watch?v=S0xOgGHFJkY
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web search NEUTRAL — Net losses reached $937.77 million in 2024, a 57.9% increase from 2023, making investors nervous about its path to profitability.In 2024, CoreWeave generated $1.92 billion in revenue, a stunning 736.6…
https://thediningdestination.net/coreweave-stock-ultimate-gu…
info
“The company ended the quarter with about 3.5 gigawatts of total contracted power.”
SINGLE SOURCE
No evidence in the provided search results mentions '3.5 gigawatts of total contracted power'.
travel_explore
web search NEUTRAL — CoreWeave, Inc. is an American artificial intelligence (AI) cloud-computing company based in Livingston, New Jersey. It specializes in providing cloud-based graphics processing unit (GPU) infrastructu…
https://en.wikipedia.org/wiki/CoreWeave
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web search NEUTRAL — CoreWeave is the force multiplier that empowers pioneers with momentum, magnitude, and mastery—enabling them to innovate with confidence. Explore the #1 AI Cloud.
https://www.coreweave.com/
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web search NEUTRAL — Find the latest CoreWeave, Inc. (CRWV) stock quote, history, news and other vital information to help you with your stock trading and investing.
https://finance.yahoo.com/quote/CRWV/?fr=sycsrp_catchall
info
“Technology and infrastructure costs jumped 127% in the quarter to $1.27 billion”
SINGLE SOURCE
No evidence in the provided search results mentions technology and infrastructure costs of $1.27 billion or a 127% increase.
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web search NEUTRAL — CoreWeave, Inc. is an American artificial intelligence (AI) cloud-computing company based in Livingston, New Jersey. It specializes in providing cloud-based graphics processing unit (GPU) infrastructu…
https://en.wikipedia.org/wiki/CoreWeave
travel_explore
web search NEUTRAL — CoreWeave is the force multiplier that empowers pioneers with momentum, magnitude, and mastery—enabling them to innovate with confidence. Explore the #1 AI Cloud.
https://www.coreweave.com/
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web search NEUTRAL — Find the latest CoreWeave, Inc. (CRWV) stock quote, history, news and other vital information to help you with your stock trading and investing.
https://finance.yahoo.com/quote/CRWV/?fr=sycsrp_catchall
info
“sales and market costs increased more than sixfold to $69 million.”
SINGLE SOURCE
No evidence in the provided search results mentions sales and marketing costs of $69 million or a sixfold increase.
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web search NEUTRAL — Robust Demand and Focused Execution Drive Strong Results and Record Revenue Backlog LIVINGSTON, N.J.-- (BUSINESS WIRE)-- CoreWeave, Inc. (Nasdaq: CRWV), The Essential Cloud for AI™, today reported fin…
https://investors.coreweave.com/financials/quarterly-results…
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web search NEUTRAL — CoreWeave, Inc. (Nasdaq: CRWV), the AI Hyperscaler™, today reported financial results for the second quarter ended June 30, 2025. "Our strong second quarter ...
https://www.businesswire.com/news/home/20250812279284/en/Cor…
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web search NEUTRAL — In total, in 2025, we secured more than $18 billion of debt and equity, working with more than 200 investment partners and financial institutions, reflecting the depth and diversity of capital ...
https://www.fool.com/earnings/call-transcripts/2026/02/27/co…
help
“In the first quarter, CoreWeave said it raised $8.5 billion in new debt”
INSUFFICIENT EVIDENCE
No evidence was found for this claim in the provided search results.
info
“It's secured more than $20 billion in debt and equity this year”
SINGLE SOURCE
One source (Q4 2025 Earnings Call Transcript) mentions that in 2025, the company secured 'more than $18 billion of debt and equity'. This is close to the claim of 'more than $20 billion', but does not exactly match. However, since only one source provides a similar figure and it's not an exact match, it cannot be corroborated.
schedule
“closing the quarter with almost $25 billion in debt.”
PENDING
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“Nvidia said early this year it bought $2 billion in additional stock in CoreWeave”
PENDING
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“As of Thursday's close, CoreWeave shares had climbed almost 80% so far in 2026”
PENDING
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“the S&P 500 had gained 7%.”
PENDING
info Disclaimer: This analysis is generated by AI and should be used as a starting point for critical thinking, not as definitive truth. Claims are verified against publicly available sources. Always consult the original article and additional sources for complete context.