CoreWeave, an artificial intelligence data center provider, has posted wider-than-expected second-quarter losses despite beating revenue estimates. The company’s stock price sank 20% after the announcement. A lock-up period following its IPO is set to expire on Thursday, potentially adding volatility to shares.
CoreWeave reported a loss of 27 cents per share, compared to analysts’ expectations of 21 cents. Revenue more than tripled from last year to $1.21 billion, surpassing forecasts. The company also lifted its revenue guidance for 2025 to between $5.15 billion and $5.35 billion.
Analysts expressed cautious optimism, citing a strong demand for AI services but concerns over potential dilution due to recent acquisitions. CoreWeave’s acquisition of Weights and Biases for $1.4 billion was announced during the quarter. The company finished the period with a $30.1 billion revenue backlog.
The post-IPO lock-up period is set to expire on Thursday, which may impact shares. Despite this, analysts remain constructive long-term, citing the potential for growth in the AI infrastructure market.
Source: https://www.cnbc.com/2025/08/13/coreweave-stock-loss-lockup.html