CoreWeave's Q2 revenue hits $2.58 billion, net loss widens

QNT -3.01%

1. 1CoreWeave (CRWV) posted Q2 revenue of $2.58 billion, more than double the $1.21 billion reported in the year-ago quarter.
2. 2Net loss widened to $626 million, driven mainly by net interest expense of $640 million, which more than doubled year over year.
3. 3Revenue backlog stood at roughly $104 billion as of the end of June, and shares rose 11% in after-hours trading following the results.

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