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CoreWeave down after second-quarter losses widen

ReutersAug 12, 2025 9:58 PM

** Shares of AI data center operator CoreWeave CRWV.O fall 10.8% to $132.90 in extended trading

** CRWV reports adj net loss of $130.8 million, compared with adj net loss of $5.1 million a year ago

** Analysts had forecast adj net loss of $100.6 million, according to data compiled by LSEG

** "We are scaling rapidly as we look to meet the unprecedented demand for AI" — CEO Michael Intrator

** CRWV reports second-quarter revenue of $1.21 billion, beating analysts' average estimate of $1.08 billion

** Co says revenue backlog was $30.1 billion as of June 30

** CRWV's operating expenses rise to $1.19 billion in reported quarter, compared to $317.7 million a year ago

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