CoreWeave's interest bill took 23 cents of every revenue dollar in Q3 and the Q4 guide implies about 30
CoreWeave reported Q3 results on Tuesday: revenue up 168% to $3.66 billion and a $132.5 billion backlog.
The backlog grew by 7.7x the quarter's revenue. Interest was $846 million, or 23 cents of every revenue dollar. The Q4 guide works out to about 30 cents. Demand is not the problem here. Financing is.
https://investors.coreweave.com/news/news-details/2026/CoreWeave-Reports-Strong-Third-Quarter-2026-Results/default.aspx
Sources: CNBC: revenue $3.66B vs $3.55B expected, up 168%; backlog $132.5B up from $104B in June · Reuters: CoreWeave beats, raises 2026 revenue view to $13.0B to $13.3B; about $46.9B total debt · @CoreWeave: Q3 earnings, $3.7B revenue up 168% YoY, $379M adjusted operating income · @StockSavvyShay: $CRWV is now staring down a nearly $1B quarterly interest bill
Not financial advice. For informational and educational purposes only.