CoreWeave Stock Falls On Q4 Earnings As Order Backlog Grows 20%

CoreWeave (CRWV) stock fell on Thursday after the cloud computing services provider reported a wider-than-expected loss while revenue slightly topped estimates.

Further, the CoreWeave earnings report was released after the market close. The company, in a news release, said it will provide a 2026 business outlook on its earnings call with Wall Street analysts Thursday afternoon.

				    ↑
					X

This video file cannot be played.(Error Code: 102630)

								IREN Has Surged More Than 400% On Its AI Power Pivot. Here's Where The Bitcoin Miner Sees The Industry Headed Next.
							

							

								See All Videos
							

						

					
					
						NOW PLAYING
						IREN Has Surged More Than 400% On Its AI Power Pivot. Here's Where The Bitcoin Miner Sees The Industry Headed Next.

In the December quarter, CoreWeave said it lost 89 cents per share versus a 34-cent per share loss a year earlier. Revenue rose 110% to $1.572 billion, the company said. Wall Street analysts predicted a 67-cent loss for CoreWeave stock on revenue of $1.549 billion.

A newcomer to the cloud computing market, CoreWeave rents out servers equipped with Nvidia (NVDA) artificial intelligence accelerators.

CoreWeave said remaining performance obligations, or RPO, came in at $66.8 billion, up 20% from $55.6 billion the previous quarter. RPO represents total revenue a company expects to recognize in the future from customer contracts that have not yet been fulfilled. Cloud firms can only recognize revenue as they deliver services.

The IBD Methodology: How To Invest In Stocks While Managing Risks

On the stock market today, CoreWeave stock fell more than 5% in extended trading. Heading into the CoreWeave earnings report, shares had jumped 36% in 2026. Shares hit an all-time high of 187 on June 20, then retreated in the back half of 2025.

CoreWeave and other cloud infrastructure startups rent Nvidia chip-equipped computer servers mainly to artificial intelligence model builders as well as app developers. CoreWeave’s data centers are designed from scratch for crunching AI workloads. Nvidia owns a 7% stake in CoreWeave and is a strategic partner.

CoreWeave’s biggest customer has been Microsoft (MSFT). It’s also ramping up data center capacity for ChatGPT developer OpenAI, a leader in building AI models

See The Latest Updates To IBD Watchlists

While some analysts project a big AI market opportunity for CoreWeave, others fret about customer concentration and high debt. CoreWeave was founded as a cryptocurrency miner in 2017 before its move into cloud computing services. Also, CoreWeave last year terminated its proposed acquisition of Core Scientific.

CoreWeave Stock Technical Ratings

Meanwhile, CoreWeave stock owns a Composite Rating of 44 out of a best-possible 99, according to IBD Stock Checkup. Also, CoreWeave stock has a relatively small float, making it more volatile. The Composite Rating is a blend of key fundamental and technical metrics to help investors gauge a stock’s strengths.

CoreWeave stock holds an Accumulation/Distribution Rating of B-plus. That rating analyzes price and volume changes in a stock over the past 13 weeks of trading. (A+ signifies heavy institutional buying; E means heavy selling. Think of a C grade as neutral.)

Follow Reinhardt Krause on X, formerly Twitter, @reinhardtk_tech for updates on artificial intelligence, quantum computing, cybersecurity and cloud computing.

YOU MAY ALSO LIKE:

AI Jobs Disruption Is Here. What It Means For The S&P 500 And You.

Build Custom Stock Screens With MarketSurge

Join IBD Live For Stock Ideas Each Morning Before The Open

Nvidia Hits AI Stocks, But S&P 500 Holds Key Support