Friday 6 November 2026
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CoreWeave Inc.
CRWV Technology Software Infrastructure
CoreWeave Inc.’s revenue for fiscal 2025 (year ended December 2025) was $5.1 billion, up 167.9% from fiscal 2024.
- Revenue
- +112.5%
- EPS
- −90.0%
- Free cash flow
- −112.4%
- Total debt
- +219.2%
Quarter to June 2026, against a year earlier
44.23
4.19
−8.65%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Ten-year view | Analyst estimates Powerpack | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM Jun ’26 | Trend | 10 yrs | 2026e | 2027e | 2028e | Next 3/yr |
| Income, $m | ||||||||||||||||||
| Income, $m | Revenue | — | — | — | — | — | — | — | 229 | 1,915 | 5,131 | 7,590 | +373.4% | 12,872 | 26,468 | 43,549 | +104.0% | |
| Gross margin, % | — | — | — | — | — | — | — | 69.87 | 74.26 | 71.68 | 67.42 | +1.8 pt | ||||||
| EBT | — | — | — | — | — | — | — | (558) | (744) | (1,215) | (1,924) | +47.6% | ||||||
| EBT margin, % | — | — | — | — | — | — | — | (243.67) | (38.85) | (23.68) | (25.35) | +220.0 pt | ||||||
| Net income | — | — | — | — | — | — | — | (594) | (863) | (1,167) | (1,928) | +40.2% | ||||||
| Per share, $ | ||||||||||||||||||
| Per share, $ | Revenue | — | — | — | — | — | — | — | 1.19 | 8.78 | 11.80 | 13.78 | +214.5% | |||||
| Earnings | — | — | — | — | — | — | — | (3.09) | (4.30) | (2.75) | (3.65) | (5.7%) | ||||||
| Cash flow | — | — | — | — | — | — | — | 9.55 | 12.61 | 7.03 | 12.54 | (14.2%) | ||||||
| Capex | — | — | — | — | — | — | — | (15.33) | (39.92) | (23.70) | (37.32) | +24.3% | ||||||
| Free cash flow | — | — | — | — | — | — | — | (5.78) | (27.31) | (16.67) | (24.78) | +69.8% | ||||||
| Book value | — | — | — | — | — | — | — | 0.00 | (1.90) | 7.67 | 9.12 | n/m | ||||||
| Shares, m | — | — | — | — | — | — | — | 192 | 218 | 435 | 503 | +50.5% | ||||||
| Valuation, × | ||||||||||||||||||
| Valuation, × | P/E | — | — | — | — | — | — | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.0 | |||||
| P/S | — | — | — | — | — | — | — | 4.55 | 4.55 | 6.07 | 3.21 | 5.1 | ||||||
| P/B | — | — | — | — | — | — | — | 0.00 | 0.00 | 9.34 | 4.85 | 3.1 | ||||||
| EV/Sales | — | — | — | — | — | — | — | 7.98 | 7.98 | 9.50 | 7.01 | 8.5 | ||||||
| EV/FCF | — | — | — | — | — | — | — | (2.57) | (2.57) | (6.72) | (3.90) | (4.0) | ||||||
| Cash, $m | ||||||||||||||||||
| Cash, $m | Operating cash flow | — | — | — | — | — | — | — | 1,833 | 2,749 | 3,058 | 6,911 | +29.2% | |||||
| Capex | — | — | — | — | — | — | — | (2,943) | (8,702) | (10,309) | (20,566) | +87.2% | ||||||
| Free cash flow | — | — | — | — | — | — | — | (1,110) | (5,953) | (7,251) | (13,655) | +155.6% | ||||||
| Balance, $m | ||||||||||||||||||
| Balance, $m | Working capital | — | — | — | — | — | — | — | — | (3,047) | (8,952) | (11,397) | +193.8% | |||||
| Net debt | — | — | — | — | — | — | — | — | 6,562 | 17,609 | 28,870 | +168.3% | ||||||
| Shareholders’ equity | — | — | — | — | — | — | — | — | (414) | 3,335 | 5,024 | n/m | ||||||
| Returns, % | ||||||||||||||||||
| Returns, % | ROA | — | — | — | — | — | — | — | 0.00 | (10.51) | (3.56) | (3.73) | (3.6) pt | |||||
| ROIC | — | — | — | — | — | — | — | 0.00 | 3.29 | (0.14) | (0.43) | (0.1) pt | ||||||
| ROE | — | — | — | — | — | — | — | 0.00 | 0.00 | (81.89) | (50.22) | (81.9) pt | ||||||
| People | ||||||||||||||||||
| People | Employees | — | — | — | — | — | — | — | — | 881 | 2,189 | — | +148.5% | |||||
| Revenue/emp, $m | — | — | — | — | — | — | — | 0.00 | 2.17 | 2.34 | — | n/m | ||||||
Negative figures in brackets.
estimates
Fiscal years to Dec 2025 · latest quarter Jun 2026 · fundamentals updated 26 Oct 2026
Business profile
CoreWeave Inc. vs peers in Software Infrastructure (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| TWLO Twilio Inc. | $31.1B | 24.3× | 22.8× | +19.93% (above 0%: growing) | +333.33% (above 0%: growing) | +54.25% (above 0%: growing) | 48.77% | 9.53% | Compare |
| OKTA Okta, Inc. | $29.9B | 102× | 105× | +10.58% (above 0%: growing) | +76.32% (above 0%: growing) | +38.89% (above 0%: growing) | 79.63% | 13.29% | Compare |
| CPAY Corpay, Inc. | $29.4B | 24.5× | 20.1× | +17.86% (above 0%: growing) | +45.06% (above 0%: growing) | −71.00% (below 0%: shrinking) | 100.00% | 44.96% | Compare |
| VRSN VeriSign, Inc. | $28.0B | 33.5× | 32.3× | +5.70% (above 0%: growing) | +3.51% (above 0%: growing) | −13.96% (below 0%: shrinking) | 88.76% | 66.93% | Compare |
| GPN Global Payments Inc. | $25.1B | — (loss-making) | — (loss-making) | +68.63% (above 0%: growing) | −94.95% (below 0%: shrinking) | −35.83% (below 0%: shrinking) | 61.04% | 10.15% | Compare |
| MDB MongoDB, Inc. | $24.5B | 413× | 544× | +30.50% (above 0%: growing) | n/m | +94.79% (above 0%: growing) | 73.83% | 3.68% | Compare |
| CRWV CoreWeave Inc. | $24.1B | — (loss-making) | — (loss-making) | +112.46% (above 0%: growing) | n/m | −112.39% (below 0%: shrinking) | 65.86% | (1.90%) | |
| IOT Samsara Inc. | $24.1B | 253× | 223× | +29.88% (above 0%: growing) | n/m | +46.50% (above 0%: growing) | 77.21% | 0.96% | Compare |
| RBRK Rubrik, Inc. | $21.9B | — (loss-making) | — (loss-making) | +37.89% (above 0%: growing) | n/m | +14.13% (above 0%: growing) | 78.44% | (16.83%) | Compare |
| Median of peers | $26.6B | 67.6× | 68.7× | +24.91% | +45.06% | +26.51% | 77.83% | 9.84% |
Largest institutional holders 13F, quarter to 30 June 2026
Held by institutions
71.93%
Held by the ten largest
42.31%
| Holder | Shares | Stake | Change |
|---|---|---|---|
| Magnetar Financial LLC | 52.06m | 9.44% | −16.50m |
| NVIDIA CORP | 47.21m | 8.56% | 0.00 |
| Vanguard | 35.55m | 6.45% | +8.19m |
| BlackRock | 24.11m | 4.37% | +14.73m |
| Goldman Sachs | 18.10m | 3.28% | +226.30k |
| Jane Street | 13.89m | 2.52% | +5.03m |
| Invesco | 12.41m | 2.25% | +11.42m |
| Alyeska Investment Group, L.P. | 10.89m | 1.97% | +3.90m |
| Value Aligned Research Advisors, LLC | 10.89m | 1.97% | +2.61m |
| Bank of America | 8.27m | 1.50% | +2.62m |
13F filings for the quarter to 30 June 2026: long positions in US-listed shares reported by managers with $100m or more, ~45 days after the quarter.
Pay and ownership Proxy statement filed 22 April 2026
Chief executive’s pay
| Year | Total pay | Actually paid | $100 invested |
|---|---|---|---|
| 2025 | 3.45m | 146.70m | 179.03 |
Ownership
Directors and executive officers, together
72.32% of the votes
Michael Intrator
38.70% of the votes
Brian Venturo
20.30% of the votes
Brannin McBee
14.59% of the votes
Funds or accounts managed or advised by Magnetar Financial LLC
5.34% of the votes
NVIDIA Corporation
3.27% of the votes
Jane Street Group LLC
2.00% of the votes
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards
at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s
shares at the start of the earliest year shown was worth at each year’s end.
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more.
Read the proxy statement
CoreWeave Inc. (CRWV) Latest News
5 Nov
4 Nov
2 Nov
1 Nov
30 Oct
29 Oct
28 Oct
CRWV metrics, ten years each
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Shares outstanding
- Book value per share
CoreWeave provides cloud computing infrastructure and software designed for artificial intelligence. Its customers include AI research labs, technology companies and enterprises that need computing capacity to build and run AI models and applications. Michael Intrator is its chief executive officer.
The CoreWeave Cloud platform supports training, when a model learns from data, and inference, when a trained model is used to produce results. It also supports moving data, refining models and running agentic workflows. Rather than requiring customers to assemble the entire system themselves, CoreWeave combines computing hardware, networking, storage, software and managed services.