CoreWeave, Inc. (CRWV) experienced a significant after-hours plunge of 8.85% on Thursday, following the release of its fourth-quarter 2025 earnings report. The AI cloud infrastructure provider reported results that revealed a substantial widening of net losses and soaring interest expenses, overshadowing revenue growth that beat analyst expectations.
The stock decline was driven by multiple negative factors from the earnings report. CoreWeave posted a net loss of $452 million for the quarter, significantly worse than analysts anticipated. The company also missed key adjusted profitability metrics, with adjusted EPS of $(0.56) falling short of the $(0.50) estimate, and adjusted operating income of $88 million missing the $139.7 million expectation. Furthermore, net interest expense surged 160% year-over-year to $388 million, weighing heavily on the bottom line.
Investors reacted negatively to the company's forward guidance, which included a first-quarter revenue forecast of $1.9-$2.0 billion that fell below the $2.24 billion consensus estimate. Additionally, CoreWeave projected capital expenditures of $30-$35 billion for 2026, more than double its 2025 spending levels, raising concerns about the cost of its aggressive expansion. The decline was also compounded by announcements of securities class action lawsuits filed against the company alleging misleading statements about its ability to meet customer demand.
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