CoreWeave earned $207 million from operations and paid $846 million in interest.

CoreWeave, Inc. filed a Form 8-K on November 10, 2026, accession 0001769628-26-000461, accepted at 21:05:53 Universal Time, carrying its third quarter results as Exhibit 99.1. We read the exhibit at sec.gov. Revenue for the 3 months ended September 30, 2026 was $3,661 million against $1,365 million a year earlier, a rise of 168%. Total operating expenses were $3,454 million, leaving operating income of $207 million and an operating margin of 6%. Interest expense, net was $846 million against $310 million a year earlier. Net loss was $709 million against $110 million, a net loss margin of 19%, and diluted net loss per share was $1.27. Adjusted EBITDA was $2,256 million at a 62% margin. For the 9 months, operating income was $14 million and interest expense, net was $2,022 million. The balance sheet at September 30 shows total assets of $91,481 million, total liabilities of $87,456 million and total stockholders' equity of $4,025 million. Recourse debt is $9,183 million current and $32,417 million non-current; non-recourse debt is $1,389 million current and $3,884 million non-current. Property and equipment, net is $56,778 million against $30,557 million at December 31, 2025. For the 9 months, proceeds from issuance of debt were $27,048 million and purchases of property and equipment were $23,558 million. Deferred revenue rose $3,492 million over 9 months. Revenue backlog was approximately $132.5 billion at September 30. Chief executive Michael Intrator is quoted on "approximately $9 billion in customer prepayments and deposits expected in the next three months alone." The company added more than 200 megawatts of active power to exceed 1.7 gigawatts and grew contracted power past 4.6 gigawatts. Guidance was raised: full year 2026 revenue of $13.0 billion to $13.3 billion, adjusted operating income of $1.275 billion to $1.375 billion, capital expenditure of $37 billion to $39 billion, and annualised run-rate revenue of $20 billion to $21 billion to exit 2026. Fourth quarter interest expense is guided to $1.05 billion to $1.15 billion. Investing.com reported the shares rose 5.7% after hours to $51.51, still 57% below a 52-week high of $138.25. Not in the filing: the after-hours price, the blended cost of the debt, and the identity of the prepaying customers.

1. Oct 14

   CoreWeave shares fall 15.46% to $65.78 as the yield on its bonds approaches 15%, the first time the market priced its debt as distressed. Edition 051.

2. Oct 16

   Asia buys the dip and New York sells it; CoreWeave falls another 11.91%. Edition 053.

3. Sep 29

   Tesla arranges $30 billion of bank credit naming AI compute among the uses, 8 days after SoftBank borrowed $11.1 billion at junk coupons. Editions 031 and 037.

4. Nov 10

   CoreWeave reports $846 million of quarterly interest against $207 million of operating income, raises capital expenditure guidance to as much as $39 billion, and guides fourth quarter interest above $1 billion.