CoreWeave, an AI-native cloud provider, reached US$ 5.13 billion in revenue for 2025, as per its recent earnings announcement. This was on the back of strategic expansion of purpose-built AI infrastructure, adding 260 MW of active power capacity for a total of over 850 MW and increasing contracted power to 3.1 GW.
CoreWeave has broadened adoption across AI labs, hyperscalers, and enterprise clients, including Cognition, Crowdstrike, Cursor, Mercado Libre, Midjourney, and Runway, aiming to cement its position as a specialized AI cloud provider with high growth potential for 2026.
Michael Intrator, Chairman and CEO, CoreWeave, said, “2025 was a defining year for CoreWeave as we became the fastest cloud in history to reach US$ 5 billion in annual revenue, demand continues to intensify as a broader set of customers adopt CoreWeave Cloud to run a diverse and growing set of workloads. The opportunity ahead is significant, and we are ready to capture it.”
Nitin Agrawal, CFO, CoreWeave, said, “This year’s performance reflects disciplined execution against the strategy we outlined at our IPO to develop one of the largest AI Cloud footprints in the world.”
Though the company reported a net loss of US$ 1.17 billion, or US$ 2.75 per share, compared with a US$ 863 million loss in 2024, Coreweave highlighted that the US$ 66.8 billion revenue backlog reflects disciplined execution on its AI strategy.
CoreWeave also launched AI Object Storage, upgraded CoreWeave Mission Control, and introduced Serverless RL for reinforcement learning, making AI adoption faster and more cost-effective for customers.
Strategic acquisitions, including Monolith and Marimo, strengthened CoreWeave’s generative AI and industrial AI offerings. The company also secured US$ 2.6 billion via convertible senior notes and expanded its US$ 2.5 billion revolving credit facility to support ongoing growth.