CoreWeave Q1 2026 revenue $2.08 billion; backlog $99.4 billion

CoreWeave reported first-quarter 2026 revenue of $2,078 million, a GAAP net loss of $740 million, or $1.40 per share, and adjusted EBITDA of $1,157 million. Backlog reached $99.4 billion at March 31, and active power passed 1 gigawatt with more than 3.5 gigawatts contracted. The release gave no new guidance, which management provided on the earnings call.

• Q1 2026 revenue $2,078 million; GAAP net loss $740 million, or $1.40 per share
• Adjusted EBITDA $1,157 million; adjusted operating income $21 million
• Revenue backlog $99.4 billion at March 31, 2026
• Active power above 1 GW; contracted power above 3.5 GW
• Q1 release says the new $21 billion Meta commitment was signed in March

SEC filing 8-K · accession 0001769628-26-000220 · sec.gov ↗