CoreWeave, Inc (CRWV) is set to report its second-quarter results on August 12, 2025, after market close. The Zacks Consensus Estimate pegged its expected loss at 23 cents per share, with total revenue projected at $1.08 billion. In its most recent quarter, the company recorded a loss of $1.49 per share, driven by a $177 million stock-based compensation expense, leading to an adjusted net loss of $149.6 million.
As of the last reported quarter, CRWV’s revenues surged 420% year over year, culminating in a backlog of $25.9 billion. The company has secured a $11.9 billion deal with OpenAI and signed a $4 billion expansion agreement with another major AI client. Despite this growth, CRWV’s share price has declined by 27.2% in the past month and 31% since announcing a $9 billion acquisition of Core Scientific on July 7.
Looking ahead, CRWV anticipates capital expenditures between $20 billion and $23 billion for 2025, putting it at risk due to high interest expenses, projected to be $260-$300 million in Q2. Approximately 77% of its total revenues in 2024 came from its top two customers, indicating a significant customer concentration risk.
