CoreWeave: Losses Soar In Q3, Cash Burn Is Dreadful

CoreWeave, Inc. delivered a double beat in Q3 with nearly 170% year-over-year revenue growth and raised full-year revenue guidance to $13.2 billion. Despite strong top-line growth, CRWV's net loss ballooned to $710 million in Q3 and free cash flow was negative by over $5 billion due to heavy investments. Interest expenses surged to $850 million and rapid share issuance is diluting existing shareholders, raising concerns about sustainability and capital structure.