It is early 2026 and everyone is staring at the ticker CRWV. If you’ve been following the madness of the AI infrastructure boom, you know CoreWeave isn't just another cloud provider. They are "the" Nvidia-backed behemoth that basically turned GPUs into a high-stakes utility. But with the stock swinging like a pendulum, the question on every trader's lips is simple: when does CoreWeave report earnings next?
Honestly, the schedule is finally settling into a rhythm after a wild post-IPO year. Based on the latest data from the Nasdaq and company filings, CoreWeave is estimated to report its fourth-quarter and full-year 2025 results on February 9, 2026.
Write that down. February 9.
The Timeline You Actually Need to Know
Since going public on March 28, 2025, CoreWeave has stayed pretty consistent with its reporting windows. They usually drop the news about 40 to 45 days after a quarter ends. This upcoming February report is the big one. It’s not just a quarterly update; it’s the full post-mortem on 2025 and, more importantly, the roadmap for their massive 2026 expansion.
If you look back at their 2025 track record, they’ve been reporting like clockwork:
- Q1 2025: Reported on May 14.
- Q2 2025: Reported on August 12.
- Q3 2025: Reported on November 10.
It is almost always a Monday or Tuesday. They tend to wait until the market closes, usually around 5:00 PM ET, followed by a conference call where CEO Michael Intrator tries to calm the nerves of analysts worried about their debt load.
Why the Market is Terrified (and Excited) for February 9
CoreWeave is currently sitting on a mountain of debt—we’re talking north of $18 billion. When they report in February, the numbers won't just be about "revenue" in the traditional sense. Everyone is going to be hyper-focused on the revenue backlog.
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As of their last report in November, that backlog was a staggering $55.6 billion.
That is a "wow" number. But there’s a catch. A lawsuit filed just yesterday (January 12, 2026) by investor Raymond Masaitis alleges that CoreWeave might have overhyped its actual data center capacity. The suit claims they promised more than they could actually deliver.
So, when the earnings hit in February, the "beats" or "misses" on EPS (earnings per share) might actually take a backseat to the management’s commentary on their physical build-outs. If they can't turn that $55 billion backlog into actual billable compute hours because they can't get enough power to their Arizona or Texas facilities, the stock could get messy.
What Most People Get Wrong About CRWV Financials
Most folks see a "net loss" and run for the hills. Don't be that person.
CoreWeave is a capital expenditure (CapEx) machine. In Q3 2025, they reported a net loss of $110 million. On paper, that looks bad. But their Adjusted EBITDA for that same period was $838 million.
The disconnect is simple: They are spending billions to buy Nvidia Blackwell chips and build data centers. Because they depreciate those assets so fast, it kills their "net income" while their actual cash flow from operations is actually quite beefy.
Analysts like those at Zacks and Nasdaq have been forecasting a consensus EPS of roughly $-0.61 for the upcoming December 2025 quarter. If they come in significantly better than that—say, closer to $-0.45—it could spark a massive short squeeze, especially since the stock has been hammered recently by those construction delay rumors.
The 2026 Outlook: It’s All About the Power
When the report drops, skip the first page of the press release. Flip straight to the section on contracted power.
CoreWeave has been gobbling up power capacity like a hungry hippo. They currently have about 2.9 GW of power secured. For context, that is enough to run a small country, or a whole lot of LLMs for OpenAI and Meta.
If that 2.9 GW number hasn't moved up in the February report, or if they mention "delays in utility interconnection," expect the bears to come out in force. The stock has been trading around $89.93 lately, but it has a 52-week range of $33 to $187. It’s a volatile beast.
Actionable Steps for Investors
Don't just wait for the headline. If you're serious about tracking CoreWeave's earnings, here is how you should play it:
- Monitor the "Report of Proposed Sale of Securities" (Form 144): Just last week (January 7, 2026), several filings hit the SEC. Watch if insiders are dumping shares right before the February 9 date. That’s usually a tell.
- Listen for the "Rubin" Architecture: Nvidia is their lifeblood. During the earnings call, listen for when they expect to receive the next-generation Rubin chips. Any delay there is a delay in CoreWeave's revenue.
- The $12.1 Billion Target: Consensus for full-year 2026 revenue is roughly $12.1 billion. If management gives 2026 guidance that falls below $11.5 billion, the "overhyped capacity" narrative will gain legs.
- Watch the Debt-to-Equity: With $18.5 billion in debt and quarterly interest payments of $310 million, they need to keep growing at 100% year-over-year just to stay comfortable.
The February 9 report is basically a "show me" moment for the AI cloud model. You’ve got the date, you’ve got the context. Now you just have to see if the reality matches the $55 billion hype.
Check the CoreWeave Investor Relations site (investors.coreweave.com) about a week before February 9. They will usually post an official "Save the Date" press release confirming the exact time of the call.