CoreWeave Reports Hypergrowth in FY25, Exceeds $5B Revenue, and Secures $66.8B Backlog
CRWV has more than doubled off its 52-week low of $33.515.
Summary
CoreWeave announced record financial results for fiscal year 2025, with annual revenue reaching $5.13 billion and a massive revenue backlog of $66.8 billion, reflecting strong demand for its AI cloud infrastructure.
Key Events · Earnings and Guidance · CRWV
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Record Annual Revenue
Reported $5.13 billion in revenue for fiscal year 2025, nearly tripling from $1.91 billion in fiscal year 2024, becoming the fastest cloud in history to reach $5 billion in annual revenue.
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Strong Fourth Quarter Performance
Achieved $1.57 billion in revenue for Q4 2025, more than doubling the $747 million reported in Q4 2024.
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Massive Revenue Backlog
Revenue backlog grew to $66.8 billion as of December 31, 2025, more than four times the beginning of the year, providing exceptional future revenue visibility.
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Adjusted EBITDA Growth
Fiscal year 2025 Adjusted EBITDA reached $3.09 billion, up significantly from $1.22 billion in fiscal year 2024.
Analysis · CRWV · Technology
CoreWeave, a key player in AI cloud infrastructure, reported exceptional financial results for fiscal year 2025, demonstrating hypergrowth driven by robust demand. The company's annual revenue nearly tripled to $5.13 billion, and its Adjusted EBITDA more than doubled. Critically, the revenue backlog surged to $66.8 billion, providing substantial long-term revenue visibility and underscoring intense demand for its AI infrastructure. While net losses increased, this is characteristic of a high-growth company aggressively investing in scaling its operations to capture market share in a rapidly expanding sector. The strong top-line growth and massive backlog signal significant operational momentum and future potential.
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In the 30 days to Aug 25, 2026, 43.9% of the 999 measured filings Wiseek scored 9 moved their stock by 5% or more by the next session's close. The median move was -0.15%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, CRWV was trading at $89.90 on NASDAQ in the Technology sector, with a market capitalization of approximately $50.9B. The 52-week trading range was $33.52 to $187.00. This filing was assessed with positive market sentiment and an importance score of 9 out of 10.