CoreWeave (CRWV) Reports 2025 Revenue of $5.13B with $66.8B Backlog

CoreWeave Inc. (NASDAQ:CRWV) is one of the stocks that should double in 3 years. On February 26, CoreWeave reported results for 2025, becoming the fastest cloud provider in history to reach $5 billion in annual revenue. Total revenue for the year hit $5.13 billion, which was a massive increase from $1.92 billion in 2024. This growth is underpinned by a revenue backlog of $66.8 billion, more than 4x the amount at the start of the year, providing the company with exceptional long-term visibility.

While the company reported a GAAP net loss of $1.17 billion due to rapid scaling and interest expenses, its Adjusted EBITDA reached $3.1 billion, representing a strong 60% margin. Throughout 2025, CoreWeave expanded its ‘Purpose-Built AI Infrastructure,’ adding 260 MW of active power capacity to exceed a total of 850 MW. The company also secured ~3.1 GW of total contracted power to support future expansion.

Technology milestones included becoming the first cloud provider named an Nvidia Exemplar Cloud for GB200 NVL72 workloads and achieving the industry’s only Platinum ClusterMAX rating from SemiAnalysis. Strategic acquisitions of Monolith and Marimo further enhanced the platform’s capabilities in industrial AI and generative AI developer workflows. CoreWeave Inc. (NASDAQ:CRWV) solidified its position as a preferred partner for AI pioneers, securing wins with companies like Midjourney, Runway, and CrowdStrike, while expanding relationships with existing hyperscalers.

CoreWeave Inc. (NASDAQ:CRWV) operates as a cloud infrastructure technology company in the US. The company offers the CoreWeave Cloud platform for proprietary software and cloud services that deliver the automation and efficiency needed to manage complex AI infrastructure at scale.

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