CoreWeave reports Q1 EPS ($1.49) vs. (62c) last year

Reports Q1 revenue $981.63M, consensus $859.77M. “We’ve delivered an outstanding start to 2025 on multiple fronts. Our strong Q1 financial performance caps a string of milestones including our IPO, our major strategic deal with OpenAI as well as other customer wins, our acquisition of Weights & Biases and many technical achievements,” said CEO Michael Intrator. “Demand for our platform is robust and accelerating as AI leaders seek the highly performant AI cloud infrastructure required for the most advanced applications. We are scaling as fast as possible to capture that demand. The future runs on CoreWeave (CRWV).” “CoreWeave’s strong financial performance in Q1 highlights the large and rapidly growing opportunity,” said CFO Nitin Agrawal. “We are focused on executing, while effectively managing our capital structure to support accelerating investments in growth and maintaining flexibility to capitalize on strategic opportunities.”