CoreWeave Q1 2026 earnings call transcript

Key points

CoreWeave reported Q1 2026 revenue of $2.1 billion, up 112% year-over-year, with adjusted EBITDA of $1.2 billion and a net loss of $740 million. The company signed more than $40 billion of new customer commitments, lifting contracted revenue backlog to nearly $100 billion, including Anthropic as a new customer and additional Meta orders. CoreWeave surpassed 1 GW of active power and secured over $20 billion in debt and equity year-to-date, including an $8.5 billion term loan priced below 6%.