CoreWeave reports 168% revenue growth—and a $709M loss

According to SiliconANGLE, CoreWeave’s Q3 revenue rose 168% year over year to $3.66 billion, beating expectations, while its net loss widened to $709 million from $110 million a year earlier. The company now forecasts $13 billion–$13.3 billion in full-year revenue and says its revenue backlog reached $132.5 billion. The sales boom hasn’t erased the red ink.