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
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CoreWeave Inc. (CRWV) Altman Z-score
CoreWeave Inc.'s Altman Z-score for fiscal 2025 is 0.21, in the distress zone (below 1.81).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2025 | 0.21 | — |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | (0.18) | — | −0.22 | |
| Retained earnings / total assets | (0.05) | — | −0.08 | |
| EBIT / total assets | 0.00 | — | −0.00 | |
| Market value of equity / total liabilities | 0.68 | — | 0.41 | |
| Sales / total assets | 0.10 | — | 0.10 | |
| Altman Z-score | Distress zone | 0.21 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Distress zone | −1.30 | ||
How the Altman Z-score works
Z = 1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets (Altman, 1968). The market value of equity is the close on the last trading day of the fiscal year times weighted basic shares.
Z″ = 6.56 × working capital ÷ total assets + 3.26 × retained earnings ÷ total assets + 6.72 × EBIT ÷ total assets + 1.05 × book equity ÷ total liabilities (Altman, Hartzell and Peck, 1995), the variant for non-manufacturing and asset-light companies.
| Zone | Z | Z″ |
|---|---|---|
| Safe zone | above 2.99 | above 2.60 |
| Grey zone | 1.81–2.99 | 1.10–2.60 |
| Distress zone | below 1.81 | below 1.10 |
Not worked out for banks, insurers and REITs, whose balance sheets the model does not describe, nor when a figure is missing or there is no share price in the week to the fiscal year end.
Altman Z-score against peers
| Company | Altman Z-score |
|---|---|
| MDB MongoDB, Inc. compare | 23.0× |
| IOT Samsara Inc. compare | 8.6× |
| TWLO Twilio Inc. compare | 6.4× |
| OKTA Okta, Inc. compare | 3.4× |
| CPAY Corpay, Inc. compare | 1.5× |
| GPN Global Payments Inc. compare | 0.9× |
| RBRK Rubrik, Inc. compare | 0.9× |
| CRWV CoreWeave Inc. | 0.2× |
| VRSN VeriSign, Inc. compare | −5.1× |
What Altman Z-score is
The Altman Z-Score weighs working capital, retained earnings, operating profit, market value and sales against assets and debts to gauge the risk of distress.
1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets
More on CRWV
- 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
- The full statement