CoreWeave generated $5.13 billion in revenue for 2025, a 168% increase year over year, and projects 2026 revenues between $12.4 billion and $13.2 billion, more than doubling last year’s figure. Its contracted revenue backlog reached $104.2 billion as of June 30, 2026, up from $66.8 billion at the end of 2025, representing a 246% year-over-year increase. The company plans capital expenditures of $30 billion to $39 billion for 2026, having ended 2025 with over 850 MW of power capacity across 43 data centers. CoreWeave, which went public on Nasdaq under the ticker CRWV in March 2025, counts Microsoft and OpenAI among its key customers.
Source: Read the original article
