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Inside CoreWeave's $66.8BBacklog: Why Take-or-Pay Is a Game ChangerKey HighlightsCoreWeave's contractedRevenuebacklog reached $66.8 billion as of December 31, 2025, up more than 4x during the year.Remaining performance obligations stood at $60.7 billion at year-end 2025, up from $15.1 billion at year-end 2024.Committed contracts accounted …
5 GW by 2030: CoreWeave's Long-Term Infrastructure Bet on AIKey HighlightsCoreWeave announced plans to add more than 5 GW of additionalData Centercapacity beyond its already contracted footprint by 2030.Total contracted power at end of 2025 was 3.1 GW, with virtually all expected online by …
A persistent concern in AI infrastructure investing has been that pricing for older GPU generations, specifically NVIDIA's H100 and A100, would collapse as GB200Supplyincreased. CoreWeave's 2025 data challenges that narrative directly.
CoreWeave began as a hyperscaler-dependentBusiness, with Microsoft accounting for 67% of 2025Revenue. TheDiversificationstory is now becoming real, with Q4 2025 customer additions representing a meaningful acceleration in the breadth of its customer base.
CoreWeave Cut Borrowing Costs by 600 bps: How and Why It MattersKey HighlightsCoreWeave's weighted averageInterest Ratedeclined approximately 300 basis points during 2025 and approximately 600 basis points since 2023.The 300 basis point improvement in 2025 represents approximately $700 million in annualized interest savings on …
CoreWeave and NVIDIA's Deeper Tie-Up: What the $2B Deal Really MeansKey HighlightsIn January 2026, NVIDIA announced a $2 billionInvestmentin CoreWeave alongside an expansion of their commercialPartnership.NVIDIA intends to test and validate CoreWeave's platform, including SKI and Mission Control, for inclusion in NVIDIA's reference architecture.The …
CoreWeave's margin profile can appear contradictory at first glance. A 57% EBITDA margin alongside a 6% operating margin in the same quarter. A near-zeroOperating Incomeguide for Q1 2026 alongside a long-term target of 25% to 30%. Understanding how these figures coexist requires unpacking the …
CRWV's $30B CapEx Plan: Why the Spending Is a Signal, Not a WarningKey HighlightsCoreWeave guided 2026Capital-expenditure/">Capital Expenditureof $30 billion to $35 billion, more than double the $14.9 billion spent in 2025.Substantially all of the 2026 CapEx is tied to already-signed customer contracts.Q4 2025 CapEx …
Five-Year GPU Contracts: Why Customers Are Locking In with CoreWeaveKey HighlightsThe weighted-average contract duration of CoreWeave's committed contracts increased from approximately four years to approximately five years during 2025.Committed contracts accounted for over 98% of CoreWeave's 2025Revenue.Customer contracts include take-or-pay provisions, meaning customers pay …
CoreWeave's Software Could Become NVIDIA's Standard: Here Is What That MeansKey HighlightsNVIDIA intends to test and validate CoreWeave's SKI and Mission Control platforms for potential inclusion in NVIDIA's reference architecture.Select customers are already licensing SKI as their default research cluster management platform across multi-cloud …
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