CoreWeave's first-quarter revenue reached $2.078 billion, surpassing the IBES estimate of $1.965 billion.
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Adjusted EBITDA for the first quarter was $1.157 billion, compared to the market expectation of $1.15 billion. Adjusted operating profit for the first quarter was $21 million, compared to the market expectation of $24.6 million. Loss per share for the first quarter was $1.40. Adjusted EBITDA margin for the first quarter stood at 56%. Adjusted net loss for the first quarter was $589 million, compared to the market expectation of a $446 million loss. As of March 31, the company's revenue backlog reached as high as $99.4 billion.
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