CoreWeave Delivers Another Blowout Quarter. Is It Enough To Save the AI Trade?
CoreWeave reported strong Q3 results with 168% revenue growth to $3.66B and improved operating margins, but concerns persist about its balance sheet. The company carries $47B in debt with interest expenses jumping to $846M per quarter and a free cash flow loss of $7.7B. While management pledged to avoid unsecured debt and expects $9B in customer prepayments in Q4, investors remain cautious given rising interest rates and the company's current ratio below 0.5.