CoreWeave (CRWV) shares fell as much as 10% in after-hours trading following its Q4 2025 earnings report. The company reported Q4 revenue of $1.57 billion, narrowly exceeding analyst estimates. A significantly wider-than-expected net loss overshadowed the revenue beat. Management projected 2026 capital expenditures between $30 billion and $35 billion. This spending outlook represents more than double the capital expenditure recorded in 2025. CoreWeave issued Q1 2026 revenue guidance of $1.9 billion to $2.0 billion. The projected revenue range fell short of Wall Street expectations.