**CoreWeave, Inc. Reports Significant Revenue Growth Amidst Continued Investments in AI Infrastructure**
CoreWeave, Inc., a specialized cloud provider for AI compute, reported revenue of $5.1 billion for the year ended December 31, 2025, a substantial increase from $1.9 billion in 2024 and $229 million in 2023. This growth was primarily driven by increased demand from both existing and new customer contracts, facilitated by the company's expanded data center footprint. Despite this impressive revenue surge, CoreWeave incurred a net loss of $1.2 billion in 2025, compared to net losses of $863 million in 2024 and $594 million in 2023, reflecting significant ongoing investments in infrastructure and operations.
The company's strategic focus on AI workloads has led to key operational developments, including a significant expansion of its data center footprint. As of December 31, 2025, CoreWeave operated 43 data centers with over 850 MW of active power, a considerable increase from 32 data centers with approximately 360 MW in 2024 and 10 data centers with 70 MW in 2023. The company also reported $60.7 billion in remaining performance obligations (RPO) as of December 31, 2025, a substantial increase from $15.1 billion in 2024, with committed contracts having a weighted-average duration of approximately five years. This growth in RPO underscores the company's success in securing long-term commitments from its customer base.
CoreWeave has also been active in strategic acquisitions to enhance its platform capabilities. In 2025, the company acquired Weights & Biases, Inc., OpenPipe Inc., Marimo Inc., and Monolith AI Limited, integrating their respective technologies and expertise into its AI-native cloud platform. These acquisitions are expected to provide AI researchers and developers with enhanced tools for model training, agent development, and industrial innovation. The company's go-to-market strategy focuses on multi-year committed contracts with leading enterprises, AI labs, and technology companies, as well as on-demand access through a pay-as-you-go model.
Looking ahead, CoreWeave intends to continue investing in talent and platform infrastructure to support its growth and maintain its competitive advantage. The company acknowledges the competitive landscape of the AI cloud market and the need to adapt to rapidly changing technology, evolving industry standards, and changing customer needs. CoreWeave also recognizes the importance of managing risks related to power availability, supply chain disruptions, data center operations, and cybersecurity incidents. The company's future financial performance will depend on its ability to effectively manage these risks, as well as its ability to attract new customers, retain existing customers, and expand sales of its platform.
About CoreWeave, Inc.
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