CoreWeave, Inc. (Nasdaq: CRWV), a leading provider of cloud infrastructure for artificial intelligence, reported strong financial results for the third quarter of 2025, marking a record period of growth and demand. The company reported revenue of $1.36 billion for the quarter ended September 30, 2025, a significant increase from $583.9 million in the same period in 2024. Revenue backlog reached $55.6 billion as of the end of the quarter, nearly doubling from the prior year. Michael Intrator, Co-Founder, Chairman of the Board, and CEO of CoreWeave, highlighted the company’s exceptional performance, stating, “We delivered an exceptional third quarter, setting new records for revenue and almost doubling our revenue backlog to more than $55 billion.” He emphasized that the results reflect disciplined execution across infrastructure scaling, customer expansion, and innovation in software and services. Despite a net loss of $110.1 million for the quarter, or $0.22 per share, CoreWeave reported strong non-GAAP metrics. Adjusted EBITDA reached $838.1 million, representing a 61% margin, up from $378.8 million and 65% in the prior-year quarter. Adjusted operating income was $217.2 million, or 16% of revenue, demonstrating improved profitability despite heavy reinvestment in growth. The company’s cash flow from operations totaled $1.69 billion, driven by robust revenue and efficient working capital management. Cash, cash equivalents, and restricted cash ended the quarter at $2.97 billion, up from $1.92 billion at the end of 2024. Financing activities generated $2.59 billion in net cash, primarily from debt issuances, supporting continued infrastructure expansion. CoreWeave continues to scale rapidly to meet surging demand for AI compute. The company has expanded its data center footprint and invested heavily in next-generation GPU infrastructure to support leading AI labs, startups, and enterprises. Its platform, described as “The Essential Cloud for AI™,” enables clients to build and deploy AI models at scale with high performance and reliability. The company plans to provide forward-looking guidance during its earnings conference call on the same day, with a live webcast available on the investor relations website. CoreWeave also noted that it remains focused on innovation, talent acquisition, and strategic partnerships to maintain its leadership in the AI infrastructure market. The results underscore the growing importance of specialized cloud providers in the AI era, as demand for high-performance compute continues to outpace supply. CoreWeave’s performance reflects broader market trends, with enterprise and research organizations increasingly relying on dedicated AI cloud platforms to accelerate development and deployment.