CoreWeave Revenue Increases by 168 Percent in Q3 2026, While Losses Rise to $709 Million

In the third-quarter 2026 financial results of US-based AI infrastructure company CoreWeave, revenues increased by 168 percent year-over-year; however, soaring interest expenses pushed the company's net loss to $709 million.

According to CoreWeave's third-quarter data shared on November 10, quarterly revenue rose from $1.365 billion in the same period of the previous year to $3.661 billion. The company's adjusted EBITDA reached $2.256 billion from $838 million, and operating profit increased from $52 million to $207 million.

Despite the improvement in operational profitability, the net interest expense jumped from $310 million to $846 million, putting pressure on net profitability. Consequently, the net loss, which was $110 million in the third quarter of last year, exceeded six times that amount and was recorded at $709 million.

Updating its year-end targets, CoreWeave increased its 2026 capital expenditure forecast to a range of $37 billion to $39 billion. The company, which had a contract backlog of approximately $132.5 billion as of the end of September, raised its total 2026 revenue forecast to a range of $13 billion to $13.3 billion.