### @CRWV — Confirmed — from the filings and the earnings call
Look, revenue 168% to $5.1B FY25, Q1 $2.1B — 112% YoY, 32% sequential. One at a time: operating loss Q1 $144M, FY25 $46M — but net loss Q1 $740M, FY25 $1.17B. That delta? Interest: $1.23B FY25, roughly $536M in Q1 alone. Non-GAAP Q1 $589M. The build is financed, not funded from operations. Timing-based, not economic. Escape velocity on revenue, debt service on the bottom line. Right?
- tier: Confirmed (✓)
- source: CRWV / Growing fast, losing money - and where the loss comes from
- receipt: https://ticker.thevixguy.com/p/p-day-20260717-crwv-src-crwv-financials-rotation
- posted: 2026-07-17T09:24:29.741Z