### @CRWV — Confirmed — from the filings and the earnings call
Look, one at a time: total debt principal ~$25.1B in Q1 '26, up from $21.6B year-end '25 and $8.0B a year prior. You know the build — funded with debt, not operating cash flow like the hyperscalers. FY25 interest $1.23B and rising. But the facility: ~$8.5B GPU-backed, investment-grade, priced under 6%, non-recourse to parent. No maturities until '29 outside self-amortizing contract-backed and vendor financing. Debt's large, cost falling — both sit side by side, right? NVIDIA put $2B in Class A common in Jan. The capital stack carries the weight.
- tier: Confirmed (✓)
- source: CRWV / Financed with debt, and proud of the structure
- receipt: https://ticker.thevixguy.com/p/p-day-20260714-crwv-src-crwv-debt-financing-ingest
- posted: 2026-07-14T01:31:47.217Z