CoreWeave Inc. reported second-quarter fiscal 2025 revenue of $1.21 billion, more than triple the year-earlier level and ahead of analysts’ consensus near $1.08 billion, as demand for the company’s cloud infrastructure for artificial-intelligence workloads remained strong. The rapid top-line expansion was offset by a wider-than-expected diluted net loss of $0.60 a share, leaving the stock about 6% lower in extended trading. Adjusted EBITDA surged to $753.2 million, representing a 62% margin, but higher stock-based compensation and depreciation costs pushed net loss to $267 million. Operating income fell to $19.2 million, reinforcing investor concerns about profitability even as growth accelerates. The New Jersey-based company said its committed revenue backlog climbed to $30.1 billion at 30 June from $25.9 billion three months earlier, helped by a $4 billion expansion of its contract with OpenAI and the addition of a new hyperscale customer. During the quarter CoreWeave also completed a $2 billion offering of 9.25% senior unsecured notes due 2030 to fund expansion and confirmed that the first phase of its purpose-built AI data center is on track for completion in 2026.