CoreWeave Inc (MEX:CRWV)

Q3 2025 CoreWeave Inc Earnings Call Transcript

Nov 10, 2025 / 10:00 PM GMT

Release Date Price: MXN1929.95 (+1.00%)

Transcript 10-Q8-K

Key Points

Positve

CoreWeave Inc (CRWV) reported a significant revenue increase of 134% year-over-year, reaching $1.4 billion in Q3 2025.
The company has a substantial revenue backlog of $55.6 billion, almost doubling in the third quarter alone.
CoreWeave Inc (CRWV) expanded its active power footprint by 120 megawatts sequentially to approximately 590 megawatts, with contracted power capacity growing to 2.9 gigawatts.
The company executed large-scale compute contracts with major clients like Meta and OpenAI, showcasing strong customer trust and relationship expansion.
CoreWeave Inc (CRWV) is diversifying its customer base, with no single customer representing more than 35% of its revenue backlog, down from 85% at the beginning of the year.

Negative

CoreWeave Inc (CRWV) is facing delays related to a third-party data center developer, impacting Q4 expectations.
The company reported a net loss of $110 million in Q3 2025, although this is an improvement from the $360 million net loss in Q3 2024.
Interest expenses increased to $311 million in Q3 2025 due to increased debt to support infrastructure scaling.
The company reduced its 2025 CapEx guidance due to delays, with most of the anticipated CapEx now expected to be recognized in Q1 2026.
CoreWeave Inc (CRWV) operates in a highly supply-constrained environment, which is expected to persist, posing challenges to meeting the surging global demand for its cloud services.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

CRWV.OQ - CoreWeave Inc
Q3 2025 CoreWeave Inc Earnings Call
Nov 10, 2025 / 10:00PM GMT

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Presentation
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Unidentified_1 [1]
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Thank you for standing by. My name is Tina, and I will be your conference operator today. At this time, I would like to welcome everyone to the core 3rd quarter 2025 earnings call. All lines have been placed on mute to prevent any background noise.

After the speaker's remarks, there will be a question-and-answer session. To ask a question, press 1 on your telephone keypad. To withdraw your question, press 1 again.

Thank you. It is now my pleasure to turn the calls over to Crewe.

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Unidentified_2 [2]
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Thank you. Good afternoon and welcome to Core

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