CoreWeaveCRWV
一家云服务商:提供 AI 模型训练与推理所需的算力基础设施、存储与管理软件,卖给企业和 AI 实验室1。
About the company: Wikipedia · Annual report
最近发生的事
- Ennoble Care 选用 CoreWeave 云服务Open the card ›
- CoreWeave 交付英伟达 Vera Rubin NVL72 系统Open the card ›
- CoreWeave 调通多机柜英伟达 Vera Rubin 集群Open the card ›
Multiples and amounts are computed from the company's own published figures.
谁在付钱给它
CoreWeave 2025 年收入Source: CoreWeave 2025 财年年报(10-K)1
Meta 与 CoreWeave 签下的合同金额最多约 142 亿美元(2025 年 9 月)。
“Similarly, in September 2025, we entered into an order form under an existing master services agreement pursuant to which Meta Platforms, Inc. ("Meta") initially committed to pay us up to approximately $14.2 billion through December 2031 and, as a result, we also expect Meta to be a significant customer in future periods.”
OpenAI 与 CoreWeave 签下的合同金额最多约 65 亿美元(2025 年 9 月)。
“In May 2025, we entered into a master services agreement with OpenAI OpCo, LLC ("OpenAI") and in September 2025, we entered into an order form under this master services agreement pursuant to which OpenAI has committed to pay us up to approximately $6.5 billion through May 31, 2031 and, as a result, we expect OpenAI to be a significant customer in future periods.”
它付钱给谁
CoreWeave 年报所述的这类采购全部来自英伟达。
“For example, as a result of our obligations in our current customer contracts, all of the GPUs used in our infrastructure today are NVIDIA GPUs.”
它自己公布的数字
从 2025 年一季度到 2026 年二季度,收入涨到原来的 2.6 倍,利息涨到原来的 2.4 倍;每 100 美元收入一直要付 22 到 27 美元利息。
Unit: 百万美元. Source: CoreWeave 2025 年一季度至 2026 年二季度业绩公告(最近一份 2026-08-11)5 「每 100 美元收入付的利息」是两个数相除算出的。
已经能确定的事
接下来要看什么
Still waitingCoreWeave 2026 年三季度的未完成合同(backlog)金额是多少?
What we found so far
CoreWeave 还没有公布 2026 年三季度的收入未完成合同(backlog)金额7,5。截至 2026 年 6 月 30 日,公司的收入 backlog 约为 1040 亿美元5。公司在 2026 年三季度初增加了超过 250 亿美元的净新增客户承诺,该金额未计入截至 2026 年 6 月 30 日的收入 backlog 中7,5。
When it will be settled
When the 2026 年三季度业绩公告 comes out, usually in 11 月上旬 (last time: Nov 10, 2025).
资料来源
- CoreWeave 2025 财年年报(10-K), 2026-03-02
- CoreWeave Brings Up Multi-Rack NVIDIA Vera Rubin NVL72 Cluster, 2026-09-16
- Ennoble Care Selects CoreWeave to Power AI Inference Across Its Home-Based Care Network, 2026-09-30
- CoreWeave Delivers NVIDIA Vera Rubin NVL72 Performance at Production Scale, Starting With Cognition, 2026-09-30
- CoreWeave 2025 年一季度至 2026 年二季度业绩公告(最近一份 2026-08-11), 2026-08-11
- CoreWeave Reports Strong Second Quarter 2025 Results, 2025-08-12
- CoreWeave Continues to Contract New Compute Capacity at Higher Prices, 2026-09-17