CoreWeave reported revenue of $3.66 billion in the third quarter of 2026, up 168% year over year. Despite this strong growth, the company posted a net loss of $709 million and carries approximately $46.9 billion in debt. To finance further expansion, CoreWeave is shifting toward customer-linked loans rather than unsecured debt, aiming to limit the risks associated with constructing its data centers. Its expanding backlog and lower bankruptcy expectations indicate an improved outlook, although debt management remains a major challenge.
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