US EditionCoreWeave beats on revenue, reports over 400% growth in first earnings after IPO
- CoreWeave, Inc. Reported its first quarter 2025 financial results on May 14, 2025, showing revenue growth after its recent IPO.
- This growth followed CoreWeave’s IPO in late March and was driven by strong demand for its AI cloud platform and strategic deals like the one with OpenAI.
- The company added significant compute capacity, secured key customers including IBM, and acquired Weights & Biases to expand its AI infrastructure capabilities.
- CoreWeave posted revenue of $982 million, a 420% increase year-over-year, but recorded an operating loss of $27.5 million partly due to IPO-related expenses.
- Despite the net loss and earnings missing expectations, CoreWeave’s rapid revenue growth and $25.9 billion backlog indicate strong market demand and potential for scaling AI cloud services.
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reAlpha Tech Corp. Announces 4,432% Year-over-Year Revenue Growth for Quarter Ended March 31, 2025
DUBLIN, Ohio, May 16, 2025 (GLOBE NEWSWIRE) -- reAlpha Tech Corp. (Nasdaq: AIRE) (the “Company” or “reAlpha”), a real estate technology company developing and commercializing artificial intelligence (“AI”) technologies, today announced financial results for the quarter ended March 31, 2025.
Nvidia-backed CoreWeave beats first-quarter revenue estimate
CoreWeave on Wednesday beat Wall Street estimate for quarterly revenue in its first set of results as a public company, signaling strength in demand for the Nvidia-backed AI cloud computing startup's services.
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