Cloud and compute · Starter · Team Microsoft and OpenAI

CoreWeave

GPU cloud that rents Nvidia capacity to the biggest AI buyers.

83OVRStarterDraft · rated on 4 of 6

Ratings

CoreWeave's Q2 2026 revenue was $2.575bn with a backlog of about $104bn, and Microsoft was about 67% of its 2025 revenue beside a $640m net interest bill.

Dominance90draft
Leads the neocloud row with Q2 2026 revenue of $2.575bn and a backlog of about $104bn.
sourced investors.coreweave.com
Momentum96draft
Q2 2026 revenue of $2.575bn was more than double a year earlier.
sourced investors.coreweave.com
Leverage78draft
Rents GPUs by the contract to Meta, OpenAI and Microsoft, buyers that cannot build fast enough.
sourced investors.coreweave.comreported datacenterdynamics.comreported nextplatform.com
Network base 66, judgment +12.
Durability56draft
Microsoft was about 67% of its 2025 revenue, and net interest expense was $640m.
sourced investors.coreweave.com
Firepowerunrated
The Atlas states CoreWeave's interest bill and backlog and no cash, raise or spending commitment.
Deal Heatunrated
The Atlas reports no deal talks, pending deal, listing plan or stated acquisition plan for this company.

Badges

Single-Customer Risk draft
Microsoft was about 67% of CoreWeave's 2025 revenue.

Key figures

$2.575bnQ2 2026 revenue $104bnBacklog $640mNet interest expense

From the Atlas key figure: Q2 2026 revenue $2.575bn. Backlog about $104bn plus more than $25bn added in early Q3. Net interest expense $640m. Source: investors.coreweave.com.

TickerNASDAQ: CRWV

ListedPublic

HQLivingston, New Jersey

Founded2017

CEOMichael Intrator

Profile

GPU cloud that rents Nvidia capacity to the biggest AI buyers.

Cloud and compute · GPU clouds and inference platforms · Starter

Key figure Q2 2026 revenue $2.575bn. Backlog about $104bn plus more than $25bn added in early Q3. Net interest expense $640m.

Why it leads Rents GPUs by the contract to buyers that cannot build fast enough, including Meta, OpenAI and Microsoft.

What could change it Customer concentration (Microsoft was about 67% of 2025 revenue) and the interest bill.

sourced investors.coreweave.com

Connections

Allies and partners

Meta in AI models and platforms
About $21bn of AI cloud capacity through December 2032, on top of a $14.2bn agreement from September 2025. datacenterdynamics.com
On the map
OpenAI in AI models and platforms
Contracts with OpenAI total about $22.4bn. nextplatform.com
On the map
Microsoft
Microsoft was about 67% of CoreWeave's 2025 revenue. sacra.com
On the map
Nvidia in Silicon
CoreWeave rents Nvidia systems and is among the first to run Vera Rubin NVL72 racks in production. investors.coreweave.com
On the map

See CoreWeave and its connections on the map →

Sector standing

No. 4 of 13 rated in Cloud and compute

Ratings by Claude (draft), 2026-11-02, read from the Atlas data under the ratings rubric. Logo: commons.wikimedia.org. Wikimedia Commons: public domain, with a trademark restriction. The mark is a trademark of its owner.