CoreWeave reports stronger revenue expansion despite a -36% net income margin, while Applied Digital lags with a -78% margin post-cloud spin-off.
CoreWeave (NASDAQ:CRWV) demonstrated robust revenue growth in the quarter ended March 31, 2026, though it posted a -36% net income margin. The company provides specialized cloud computing services, including bare-metal servers and advanced networking for enterprises.
Applied Digital (NASDAQ:APLD), which completed the separation of its cloud business on May 5, 2026, recorded a -78% net income margin for the quarter ended February 28, 2026. The firm focuses on digital infrastructure and data center solutions for high-performance computing industries.
Revenue disparities highlight CoreWeave’s stronger operational scale, while Applied Digital’s cloud spin-off may impact near-term financial performance. Both companies serve interconnected markets, with Applied Digital leasing data centers to CoreWeave.