"Yesterday, AI infrastructure company CoreWeave announced financial results for its Q3 2025, which ended on September 30. There was some good news for the quarter, including revenue of nearly $1.4 billion (up 134% year over year) and a revenue backlog of $55.6 billion (up 271% YoY). Revenue backlog is a metric that includes future revenue that CoreWeave expects from existing client deals."
"CoreWeave's main business is leasing AI hardware-mainly servers powered by Nvidia's AI GPUs-to AI software companies. Some of CoreWeave's most prominent customers include OpenAI and Meta. However, that means CoreWeave's future growth depends on two primary factors: growing its client base and building massive data centers to house advanced AI servers to meet client demands."
CoreWeave reported Q3 2025 revenue of nearly $1.4 billion, up 134% year over year, and a revenue backlog of $55.6 billion, up 271% year over year. CoreWeave’s business leases AI hardware—mainly Nvidia GPUs—to AI software companies, with prominent customers including OpenAI and Meta. CoreWeave revised fiscal 2025 revenue guidance down to $5.05–$5.15 billion from a prior target up to $5.35 billion. The guidance reduction is attributed to a delay at a third-party data center that CoreWeave was counting on. Future growth depends on expanding the client base and completing large data center builds.
Read at Fast Company
Unable to calculate read time
Collection
[
|
...
]