via WSB
Here are some numbers I got from CRWV’s Q3 earning.
CRWV’s debt went from $51.2B in Q2 to $66.2B in Q3, a 28% QoQ jump.
CRWV’s interest payment jumped from 640 million to 846 million from Q2 to Q3. That is a 32% QoQ increase.
Q3’s income has a massive beat, caused by switching to higher priced short term 6 month long contracts and having a one time price increase. This results in a 25% price increase on average for Q3 compared to Q2.
Keep in mind that bond yield is only going up. Fed is hiking the rate in December. CRWV’s debt growth is constant. Can they increase the price by 25% every quarter? Can they sign more expensive 6-day contracts in the future instead of their more pricy 6-month contracts in last quarter?
I’ll leave you to judge. I just give numbers and won’t tell you if you should long or short.
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