CRWV is trading at $88.24, down 9.62% in pre-market trading following a Q4 earnings report that missed profitability expectations and revealed an aggressive spending outlook.
- The company reported a diluted loss of $0.89 per share, wider than the $0.61 consensus estimate, as net losses ballooned to $284M from $36M a year ago.
- Management unveiled a $30B capex plan for 2026—doubling the $14.9B spent in 2025—triggering analyst concerns over debt load, execution risk, and heavy customer concentration with Microsoft and OpenAI.
- Despite the bottom-line miss, the company beat revenue estimates at $1.57B and highlighted a record $66.8B revenue backlog.