CoreWeave Q2 2026 revenue rises 112% to $2.58 billion; backlog about $104 billion

CoreWeave reported second-quarter revenue of $2,575 million, up from $1,212 million a year earlier. It still posted a GAAP net loss of $626 million, or $1.14 per share, and an operating loss of $49 million. Adjusted EBITDA reached $1,510 million and adjusted operating income $128 million, while revenue backlog stood at about $104 billion at June 30, excluding more than $25 billion of net new commitments added in early Q3.

• Revenue $2,575M, up 112% year over year; GAAP operating loss $(49)M
• GAAP net loss $(626)M; EPS $(1.14) versus $(0.60) a year earlier
• Adjusted EBITDA $1,510M; adjusted operating income $128M
• Active power up nearly 500 MW to 1.5 GW; contracted power about 3.7 GW
• Backlog about $104B at June 30, excluding more than $25B of early Q3 commitments

SEC filing 8-K · accession 0001769628-26-000362 · sec.gov ↗