CoreWeave reported $5.13 billion in revenue for 2025, marking a 168% increase compared to the previous year. For 2026, the company has raised its revenue forecast to a range of $12.4 billion to $13.2 billion, surpassing its initial guidance of $12 billion to $13 billion.
The company's financial performance in the second quarter of 2026 reached $2.58 billion, representing a 112% year-over-year growth. CoreWeave now anticipates an exit annualized run-rate revenue between $18.5 billion and $19.5 billion by the end of 2026.
The contracted revenue backlog surged to $104.2 billion as of June 30, 2026, up from $66.8 billion at the end of 2025. This 246% year-over-year increase is supported by major clients including Microsoft and OpenAI.
CoreWeave plans capital expenditures of $30 billion to $39 billion for 2026. The company, which operated 43 data centers with over 850 MW of power capacity at the end of 2025, aims to approximately double this capacity by the end of 2026.
