According to CoinMeta, before the U.S. stock market opens, the cloud service provider CoreWeave is up 13.5% at $55.3 per share. CoreWeave reported third-quarter revenue of $3.66 billion, a year-on-year increase of 167%, exceeding market expectations of a loss of $0.95 per share at $3.55 billion and falling short of the expected $1.16. The company expects to achieve adjusted profitability in the first half of 2028. CoreWeave has raised its full-year revenue forecast for 2026 from $12.4 billion to $13.2 billion to $13.0 billion to $13.3 billion, and has increased the lower limit of its full-year expenditure forecast by $2 billion, with the new range being $37 billion to $39 billion. As of the end of September, the company had contracted but not yet confirmed revenue of $132.5 billion, which is higher than $104 billion at the end of June. Capital expenditures in the third quarter rose from $9.4 billion in the previous quarter to $14.5 billion.