# CoreWeave Plans Customer-Linked Loans as Debt Reaches $46.9 Billion

By John Kim

Canonical URL: https://www.tokenpost.com/news/business/57437
Published: 2026-11-14T15:27:41.000Z
Updated: 2026-11-14T15:27:41.000Z
Section: Business

> The AI cloud provider posted $3.66 billion in third-quarter revenue, up 168% from a year earlier, and a $709 million net loss.

CoreWeave plans to fund further expansion with loans tied to customer contracts, an alternative to unsecured debt as the AI cloud provider carries about $46.9 billion in debt.

The financing approach is intended to reduce risks tied to construction underway at the company’s sites.

Revenue for the third quarter reached $3.66 billion, up 168% from a year earlier. CoreWeave also posted a $709 million net loss.

The company’s revenue backlog stood at $132.5 billion as of Sept. 30. The backlog reflects expected revenue from existing customer contracts; CoreWeave must deliver services and have capacity available before recognizing that revenue.