NVIDIA-backed cloud provider CoreWeave has announced its financial results for 2025, reporting revenue of $5.13 billion and a fourth-quarter revenue of $1.57 billion. The company also disclosed a net loss of $1.17 billion for the full year. Despite the net loss, CoreWeave reported an adjusted EBITDA of $3.09 billion for the year. The company highlighted a substantial order backlog of $66.8 billion, with over 850 MW of power capacity currently in operation and approximately 3.1 GW of contracted power capacity.

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