CoreWeave $CRWV is guiding Q4 interest expense to $1.05B to $1.15B, up from the $860M to $940M it guided for Q3.
2026 capex guidance is $37B to $39B as it deploys infrastructure sooner than planned.
On the funding side, management expects about $9B in customer prepayments and deposits over the next three months.
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CoreWeave - FY2026 Q3 Earnings
$CRWV $51.34 [+6.50% AH]
✅ Revenue: $3.7B (Est: $3.5B) [+168% YoY]
✅ EPS: -$1.27 (Est: -$1.46), GAAP, year-ago -$0.22
Additional Metrics:
Adjusted EBITDA: $2.3B [+169% YoY]
Adjusted EBITDA Margin: 62%
Operating Income: $207M [+298% YoY]
Operating Margin: 6%
Adjusted Operating Income: $379M [+75% YoY]
Adjusted Operating Margin: 10%
Net Loss: $709M (year-ago $110M)
Adjusted Net Loss: $529M (year-ago $41M)
Interest Expense, Net: $846M [+173% YoY]
Revenue Backlog: $132.5B
Active Power: over 1.7 GW
Contracted Power: over 4.6 GW
Cash and Cash Equivalents: $4.1B
FY2026 Guidance:
Revenue: $13.0B to $13.3B (Prior: $12.4B to $13.2B)
Adjusted Operating Income: $1.275B to $1.375B (Prior: $960M to $1.15B)
Capital Expenditures: $37B to $39B (Prior: $35B to $39B)
Active Power at Year-End: more than 1.85 GW
Annualized Run-Rate Revenue Exiting 2026: $20B to $21B, raised
Q4 Interest Expense: $1.05B to $1.15B
Customer Prepayments and Deposits: about $9B expected over the next three months
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