Video explainer: CoreWeave reported $3.66 billion in Q3 revenue last night. That is up 168% from a year ago and the revenue backlog grew to $132.5 billion from about $104 billion in June. The stock wa
CoreWeave reported $3.66 billion in Q3 revenue last night. That is up 168% from a year ago and the revenue backlog grew to $132.5 billion from about $104 billion in June. The stock was up about 15% before the open.
The worry is still the debt. CoreWeave owes about $47 billion and expects more than $1 billion of interest expense in Q4 alone. I think demand is not really the question anymore because the backlog keeps growing. The real test is whether @CoreWeave can keep funding the buildout at a cost that makes sense. $CRWV @nvidia
Not financial advice
CoreWeave's quarter in 3 pictures. Revenue was up 168% and the backlog reached $132.5 billion while the company carries about $47 billion of debt. I think the most important number in this report was the interest expense and not the revenue. @CoreWeave $CRWV
Sources: Trending on X Wed Nov 11 ~9:36 AM ET: "CoreWeave" and "$CRWV" in US trends; X trending story · Inspiration post: "Demand isn't the question. Financing is." · investors.coreweave.com · www.cnbc.com · www.cnbc.com · money.usnews.com
Not financial advice. For informational and educational purposes only.
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