Schulz Duggan(@Schulz_Research):$CRWV | Earnings call Large customer prepayments expected; limited parent-level funding through 2027 Management expects to collect approximately nine billion in prepayments and deposits from signed contracts over the next three months, including more than three billion from re-contracting existing infrastructure. It also expects EBITDA less interest, excluding prepayments, to more than double in 2027, and expects its funding sources to cover the significant majority of capital needs through 2027, with only limited funding raised at the parent company. These expected receipts and internally generated funds materially reduce the anticipated need for parent-level financing.

2026.11.10 22:10

$CRWV | Earnings call Large customer prepayments expected; limited parent-level funding through 2027 Management expects to collect approximately nine billion in prepayments and deposits from signed contracts over the next three months, including more than three billion from re-contracting existing infrastructure. It also expects EBITDA less interest, excluding prepayments, to more than double in 2027, and expects its funding sources to cover the significant majority of capital needs through 2027, with only limited funding raised at the parent company. These expected receipts and internally generated funds materially reduce the anticipated need for parent-level financing.