@rohanpaul_ai: axios on CoreWeave: "CoreWeave's losses doubled, its spending soared and it devoured almost $6 billion more in cash tha…
Summary
CoreWeave's losses doubled and cash burn soared, but investors remain optimistic due to massive AI demand and a $104B backlog, with revenue growing 112% year-over-year.
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Cached at: 08/15/26, 03:52 PM
axios on CoreWeave: “CoreWeave’s losses doubled, its spending soared and it devoured almost $6 billion more in cash than it generated last quarter. Investors loved it.”
Stock still rose 19%
CoreWeave is burning extraordinary amounts of cash, but investors are looking at the $103.7B backlog and seeing demand arriving faster than capacity can be built.
CoreWeave’s AI demand remains enormous, Revenue rose 112% year over year, and the company reported about $104B in backlog plus more than $25B of new customer commitments added early in Q3.
Meeting that demand is consuming cash much faster. quarterly free cash flow at -$5.74B while CoreWeave raised 2026 capex guidance to 35 B-39B.
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