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%
Market cap
$24.1B
P/E
0.0×
Fwd P/E
−10.6×
Dividend yield
—
F-score
n/a
Altman Z
0.21
Beneish M
0.09
Dividend safety
n/a

Insider Decisions last twelve months

Sold, $m 5,209.49
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell 19 18 18 23 42 39 32 16 32 18 4 —
Insider Ownership 36.60%

Capital & Financial Ratios $m

Size
Market Cap 24,080.00
Revenue ttm 7,590.00
Net income ttm (1,928.00)
Free cash flow ttm (13,655.00)
Net debt Q 28,870.00
Valuation
P/E 0.00
Forward P/E (10.60) (negative: loss-making)
Price / sales 3.21
Forward P/S Powerpack
Price / FCF 0.00
Price / book 4.85
Financial health
Current ratio Q 0.46 (below 1: weak)
Debt / equity Q 7.02 (above 2: weak)
Interest coverage Q (0.08)
Growth
Revenue growth Q +112.46% (above 0%: growing)
Operating income growth Q −357.89% (below 0%: shrinking)
EPS, this year −171.43% (below 0%: weak)
EPS, next year A +46.93% (at or above 15%: strong)
Revenue, next year A +150.87% (at or above 10%: strong)
EPS, past 5 yrs —
EPS, next 5 yrs A —

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

Dividends

Yield
—
Annual rate
—
Payout ratio
—

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash — 1,398 3,980 6,412
Receivables — 417 3,169 2,541
Inventory — — — —
Other — — — —
— 1,916 7,488 9,520
2023 2024 2025 Q'26
Payables — 868 1,623 3,633
ST’ Debt — 2,468 6,708 7,513
Other — 231 162 70
— 4,963 16,440 20,917

Compound Annual Growth %

10y 5y 3y
Sales — — —
Cash Flow — — —
Earnings — — —
Book Value — — —

Earnings Trends EPS, adjusted, against the consensus

EPS $

Mar Jun Sep Dec Year
’26 (1.40) (1.14) — — —
’25 (1.49) (0.60) (0.22) (0.89) (2.81)
’24 (0.62) (1.54) (1.82) (0.33) (4.30)
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 2,078 2,575 — — —
’25 982 1,212 1,365 1,572 5,131
’24 189 395 584 747 1,915
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 2,984 679 — — —
’25 61 (251) 1,689 1,559 3,058
’24 2,039 (118) 641 187 2,749
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (4,711) (5,743) — — —
’25 (1,346) (2,704) (700) (2,501) (7,251)
’24 297 (2,365) (574) (3,311) (5,953)
Fiscal quarters ending in the months shown.

Valuation

The price implies free cash flow after share-based pay growing 48.4% a year for ten years.

Implied
48.4%
Open the model

Target Price Range

Analyst price targets

Recommendation Rating

1.7
1Buy 2 3Hold 4 5Sell

Ten 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

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026 · fundamentals updated 26 Oct 2026

Business profile

Updated

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.

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%

All 183 Software Infrastructure stocks →

Analyst rating changes each firm’s latest, last six months

Firm Date Action Rating Target
BNP Paribas Nov 4, 2026 Target cut — —
Mizuho Nov 4, 2026 Target cut — —
Piper Sandler Nov 4, 2026 Target cut — —
Morgan Stanley Nov 4, 2026 Target cut — —
UBS Nov 4, 2026 Target cut — —
Goldman Sachs Oct 29, 2026 Upgrade Hold → Buy —
Bank of America Oct 26, 2026 Reiterated — 140.00
Bernstein Oct 22, 2026 Target cut Underperform —
Cantor Fitzgerald Oct 20, 2026 Reiterated Buy 176.00
Wells Fargo Oct 20, 2026 Reiterated — 160.00

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

CRWV metrics, ten years each

stockrow.com/CRWV · Data as of Oct 26, 2026 · For information only; not investment advice. · © 2026 stockrow.com