CoreWeave, Inc. (CRWV) experienced a significant after-hours plunge of 5.24% following the release of its quarterly earnings report and announcements of securities fraud class action lawsuits.
The decline comes as the company reported mixed fourth-quarter results for fiscal year 2025. While CoreWeave beat revenue estimates with $1.57 billion compared to the expected $1.55 billion, several key profitability metrics fell short of analyst expectations. The company reported an adjusted operating income of $88 million, missing the estimate of $139.7 million, and an adjusted net loss of $284 million, worse than the anticipated loss of $258.9 million.
Additionally, investors reacted negatively to multiple announcements regarding securities fraud class action lawsuits filed against CoreWeave. The lawsuits, which cover investors who purchased shares between March 28, 2025 and December 15, 2025, allege the company made misleading statements about its ability to meet customer demand and downplayed risks related to reliance on a single third-party data center supplier.
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