04:53 AM EDT, 05/15/2025 (MT Newswires) -- (Updates with the latest stock move in the headline and the last paragraph.)

CoreWeave ( CRWV ) reported a Q1 net loss late Wednesday of $1.49 per diluted share, wider than a $0.62 loss a year earlier.

Analysts polled by FactSet expected a loss of $0.18, if comparable.

Revenue for the quarter ended March 31 was $981.6 million, up from $188.7 million a year earlier.

Analysts surveyed by FactSet expected $857.1 million.

The company's shares were down 9% in recent premarket activity Thursday.