CoreWeave Announces $3.7 B Convertible Bond Offering as Stock Slides Over 6%

CoreWeave announces private $3.7 billion convertible bond offering

CoreWeave, Inc. (NASDAQ:CRWV) disclosed a private offering of $3.7 billion in convertible bonds.

Stock declines following the announcement

On Wednesday, October 14, 2026, CoreWeave’s shares were reported to be trading down 6.58 percent.

A later update on the same day noted the stock was trading down 7.75 percent.

The share price moved from the low $90s to the high $70s, closing around $77.81 after opening near $76.32.

Financial profile highlights leverage concerns

CoreWeave reported quarterly revenue of approximately $2.58 billion and trailing revenue of about $5.13 billion, while posting a net loss of roughly $626 million for the latest quarter.

Key leverage metrics show total debt‑to‑equity above 3 times, a leverage ratio above 15, and a current ratio of 0.5.