CoreWeave Reports Revenue Surge But Huge Increase in Cash Burn

What happened: CoreWeave reported third quarter revenue of $3.66 billion, more than double the year earlier figure, while its net loss widened. Key numbers: Revenue $3.66 billion versus $1.365 billion a year earlier. Net loss $709 million. Interest costs on debt $846 million. Why it matters: The results show losses ballooning alongside growth, driven by a huge increase in interest costs on the company's debt.

CoreWeave reported third quarter revenue of $3.66 billion, more than double the year earlier figure, while its net loss widened.

The results show losses ballooning alongside growth, driven by a huge increase in interest costs on the company's debt.