CoreWeave beats and raises, but debt and capex dominate
CoreWeave posted Q3 revenue of $3.66B and raised full-year guidance, with shares up about 7% after hours. Attention quickly turned to its heavy debt, capex and interest costs.
What we know
Market news accounts report Q3 revenue of $3.66B versus about $3.56B expected and adjusted EBITDA of $2.26B. Guidance was raised to $13.0-13.3B for the full year, and backlog reached $132.5B. Capex was $14.5B in the quarter, with a full-year range of $37-39B. Critics point to a roughly $1.1B quarterly interest bill and $47B of debt, and Q3 interest expense of $846M versus $207M of operating income (unconfirmed figures from market commentators). Traders note the results gave only a small lift to broader sentiment.
What people are posting
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“Revenue: $3.66B (Est. $3.55B); +168% YoY”
View post →“Guides to a $1.1 billion quarterly interest bill as debt hits $47 billion”
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