CoreWeave Nears $100B Backlog as Q1 2026 Revenue Rockets
CoreWeave posted Q1 2026 revenue of $2.08B (versus $0.98B a year earlier) with a net loss of $740M and adjusted EBITDA of $1.16B, while reporting a record $99.4B revenue backlog and more than 1 GW of active power contracted to over 3.5 GW. The quarter featured major wins with Meta (a $21B commitment) and Anthropic, plus a $2B NVIDIA investment and an $8.5B DDTL facility, underscoring rapid AI-infrastructure scale and expanded offerings such as Dedicated Inference and ARENATM.
