Q1 2026 earningsThu, May 7, 2026
CoreWeave reports first quarter 2026 results
Total Revenue2.08B USD
Adjusted EBITDA1.16B USD
Net Income (Loss)-740M USD
Revenue Backlog99.4B USD
Key points
- Revenue ~$2.1B, up 112% YoY and 32% QoQ
- Adjusted EBITDA ~$1.2B (56% margin); net loss $740M
- Capex $6.8B in the quarter
- Active power surpassed 1GW; total contracted power >3.5GW (+400MW)
- Revenue backlog nearly $100B ($99.4B), strongest bookings quarter in company history (>$40B new commitments)