> CoreWeave Q2 2026: $128 million revenue against $640 million of interest expense. Sounds like a great business.

CoreWeave’s Growth Story Meets a Faster-Growing Interest Bill

The same quarter that produced that $128 million adjusted operating income also produced $640 million of interest expense, more than double the $267 million CoreWeave paid in Q2 2025. Net loss widened to $626 million from $290 million a year earlier, and adjusted net loss widened to $567 million from $130 million.

Measured against a year ago, adjusted operating income actually fell, from $200 million to $128 million, even as revenue more than doubled, because financing a much larger, much more indebted business cost more still. Guidance points to more of the same near term: CoreWeave expects Q3 interest expense of $860 million to $940 million, against a projected adjusted operating income of only $200 million to $260 million.

https://www.tikr.com/blog/coreweaves-64 … ed-to-know