CoreWeave posts $3.661 billion Q3 revenue as net loss widens to $709 million

Revenue grows, but the net loss widens

CoreWeave reported third-quarter 2026 revenue of $3.661 billion, compared with $1.365 billion a year earlier. Its net loss increased to $709 million from $110 million.

The unaudited results cover the quarter ended September 30 and were announced November 10. CoreWeave’s SEC Form 8-K confirms the release date and reporting period.

Keep operating and adjusted figures separate

GAAP operating income was $207 million. Net interest expense was $846 million, and the company still recorded an overall net loss.

Adjusted operating income was $379 million, with a 10% margin. That company-defined non-GAAP measure is not net profit and should be read alongside the GAAP figures.

Higher forecasts for revenue and spending

CoreWeave raised its 2026 revenue outlook to $13.0 billion-$13.3 billion. It now expects $37 billion-$39 billion in full-year capital expenditures, increasing the lower end from $35 billion.

Those ranges are management forecasts, rather than completed sales or spending. The results release and its reconciliation tables provide the detail behind the headline measures.