CoreWeave reported third-quarter 2026 revenue of $3.661 billion, up from $1.365 billion a year earlier, the company said in a filing.
The company posted operating income of $207 million, or a 6% margin, compared with $52 million a year earlier. Net loss widened to $709 million from $110 million, with diluted net loss per share of $1.27 versus $0.22 in the prior-year quarter. Adjusted EBITDA reached $2.256 billion, a 62% margin, and adjusted operating income was $379 million.
Revenue backlog stood at approximately $132.5 billion as of September 30, 2026. CoreWeave said it added more than 200 megawatts of active power during the quarter to reach over 1.7 gigawatts, doubling its active footprint since the start of the year, while total contracted power grew more than 900 megawatts to over 4.6 gigawatts. International contracted power broadened to more than 1.3 gigawatts, including capacity in India, Indonesia, and Spain.
During the quarter, CoreWeave raised approximately $4.2 billion through an upsized offering of convertible senior notes, established an at-the-market equity program for up to 35 million shares of Class A common stock, and closed a $2.6 billion financing facility designed to support shorter-duration customer contracts. The company also launched CoreWeave Forge, an AI development environment integrating training, inference, evaluation, and agent development workflows, and brought online multi-rack NVIDIA Vera Rubin NVL72 deployments.
CoreWeave raised its full-year 2026 revenue guidance to a range of $13.0 billion to $13.3 billion and increased its adjusted operating income guidance to between $1.275 billion and $1.375 billion. The company now expects full-year 2026 capital expenditures of $37 billion to $39 billion, raising the low end of its prior range, and raised its annualized run-rate revenue guidance to $20 billion to $21 billion to exit 2026. CoreWeave said it expects approximately $9 billion in customer prepayments and deposits in the next three months.