CoreWeave triples revenue to 1.2 billion USD in Q2, stock tanks in after-hours trade

CoreWeave achieved impressive revenue of 1.2 billion USD in Q2 2025, tripling year-over-year. However, it faced a significant net loss of 290 million USD due to increased costs.

The company’s operating margins fell sharply from 20% to 2%, sparking a negative reaction from investors with a 10% drop in stock price after hours, reflecting concerns about its profitability.

Despite a robust revenue backlog of approximately 30 billion USD, there are worries about CoreWeave’s ability to maintain its competitive advantage as hardware improvements become more common in the market.

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