Michael Intrator, co-founder and chief executive officer of CoreWeave Inc., at the Bloomberg Tech summit in London, UK, on Tuesday, Oct. 21, 2025.

Chris J. Ratcliffe | Bloomberg | Getty Images

CoreWeave reported revenue for the first quarter on Thursday that topped analysts' estimates. The stock slipped after hours.

Here's how the company did in comparison with LSEG consensus:

Earnings per share: Loss of $1.40. That figure may not be comparable to estimates.

Revenue: $2.08 billion vs. $1.97 billion expected

Revenue more than doubled in the quarter, from $981.8 million a year earlier, according to a statement . Net loss widened to $740 million from $315 million, or $1.49 per share, in the same quarter a year ago.

The company ended the quarter with about 3.5 gigawatts of total contracted power, along with a $99.4 billion revenue backlog.

"We have reached hyperscale," CoreWeave's co-founder and CEO, Mike Intrator, said on a conference call with analysts.…