CRWV is trading at $92.25 (-5.51%) in after-hours following Q4 earnings where a wider-than-expected loss overshadowed record revenue and backlog figures.
- Revenue grew 110% YoY to $1.57B, beating estimates, while revenue backlog reached a record $66.8B.
- EPS loss of -$0.89 missed the -$0.61 consensus, triggering a sell-off amid concerns over profitability and broader market weakness.
- The post-earnings move aligns with options market expectations, which had implied a 10% price swing.