CoreWeave reported revenue of $3,661 million for the third quarter ended September 30, 2026, against $1,365 million a year earlier, with operating income of $207 million and a net loss of $709 million after $846 million of net interest expense. Adjusted EBITDA was $2,256 million, a 62 percent margin, and the company put its revenue backlog at approximately $132.5 billion as of September 30.
The release pointed to about $9 billion in customer prepayments and deposits expected in the next three months, a $4.2 billion upsized convertible senior notes offering, and the close of the $2.6 billion DDTL 5.5 facility, its first financing designed for shorter-duration customer contracts. Active power passed 1.7 GW after more than 200 MW was added in the quarter, and contracted power rose above 4.6 GW.
CoreWeave raised full-year 2026 revenue guidance to $13.0 billion to $13.3 billion and adjusted operating income guidance to $1.275 billion to $1.375 billion, a 26 percent increase at the midpoint, while lifting expected 2026 capital expenditures to $37 billion to $39 billion.