CoreWeave Reports Strong Q4 Revenue Growth Amid Rising Net Losses
CoreWeave (CRWV) reported a significant revenue increase of $1.57 billion in Q4, up 110.3% year-over-year, but also recorded net losses of $451.7 million due to high interest expenses and capital expenditures. The company's contracted backlog reached $66.8 billion by the end of Q4, signaling potential future revenue growth.
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Topics: AI cloud computing backlog growth CoreWeave CRWV NVIDIA operating leverage