CoreWeave Q2 EBITDA Surges 101% YoY, Stock Jumps 15%

CoreWeave Q2 revenue hits $2.58B, beating estimates. EBITDA doubles to $1.51B with 59% margin. Backlog grows to $104B, driving after-hours rally.

Woofun AI data shows CoreWeave reported second-quarter revenue of $2.58 billion, surpassing the $2.56 billion consensus. Operating income reached $128 million with a 5% margin, while EBITDA totaled $1.51 billion, marking a 101% year-on-year increase and a 59% margin. The company recorded a net loss of $626 million, or $1.14 per diluted share, against an expected loss of $1.20. Unrecovered revenue backlog expanded to approximately $104 billion from $99 billion, a gain exceeding 25% since the prior report, excluding $25 billion in new Q3 commitments. Shares climbed nearly 15% in after-hours trading.