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Is CoreWeave Profitable? AI Cloud Revenue, Debt, and the Cost of GPU Scale
CoreWeave has enormous AI-cloud revenue and positive adjusted EBITDA, but heavy depreciation, interest, and infrastructure spending still keep GAAP net income negative.
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CoreWeave has enormous AI-cloud revenue and positive adjusted EBITDA, but heavy depreciation, interest, and infrastructure spending still keep GAAP net income negative.
Together AI is scaling an open-model training and inference platform, but its public disclosures establish rapid growth and funding rather than net profitability.
Nebius has reached strongly positive adjusted EBITDA in its AI cloud, but adjusted net income remains negative and expansion requires billions in capital spending.