Tearsheet

CoreWeave (CRWV)

Market Price (12/4/2025): $79.8 | Market Cap: $38.8 Bil
Sector: Information Technology | Industry: Systems Software

CoreWeave (CRWV)

Market Price (12/4/2025): $79.8
Market Cap: $38.8 Bil
Sector: Information Technology
Industry: Systems Software

Investment Highlights Why It Matters Which of these 2 stories sounds closer for this stock?

1. Generates cash flow

The stock generated 4% or more of the share price (called cash flow yield), and shows moderate 10-15% or more growth.

2. Riding a trend

Think Tesla during the pandemic of 2020 when EVs were riding a cultural high, or Nvidia in the current AI boom, or even Figma. These companies don’t have enough yield, or, enough growth, or both - however - they are riding a trend. They have momentum. These can be more volatile - they don’t have the floor of strong cash flow

0	Attractive cash flow generation CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 18%	Expensive valuation multiples P/SPrice/Sales ratio is 23x, P/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 124x
1	Megatrend and thematic drivers Megatrends include Artificial Intelligence, and Cloud Computing. Themes include Data Centers & Infrastructure, and Infrastructure as a Service (IaaS).	Not cash flow generative FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -225%
2		Yield minus risk free rate is negative ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -5.5%

0	Attractive cash flow generation CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 18%
1	Megatrend and thematic drivers Megatrends include Artificial Intelligence, and Cloud Computing. Themes include Data Centers & Infrastructure, and Infrastructure as a Service (IaaS).
2	Expensive valuation multiples P/SPrice/Sales ratio is 23x, P/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 124x
3	Not cash flow generative FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -225%
4	Yield minus risk free rate is negative ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -5.5%

Valuation, Metrics & Events

	12/4/25	2024	2023	2022
Share Price CYE	$79.80
Market Cap CYE ($ Bil)	38.8	-	-	-
Total Debt ($ Bil)	14.6	10.6	2.0	0.0
Total Cash ($ Bil)	1.2	1.4	0.2	0.0
Enterprise Value ($ Bil)	52.2
Valuation Ratios
P/S TTM	22.6	0.0	0.0	0.0
P/EBIT TTM	-1069.2	0.0	0.0	0.0
P/E TTM	-78.5	0.0	0.0	0.0
Sector Ratios
P/S TTM (Sector)	0.0	0.0	0.0	0.0
P/EBIT TTM (Sector)	0.0	0.0	0.0	0.0
P/E TTM (Sector)	0.0	0.0	0.0	0.0

	12/4/25	2024	2023
Share Price CYE	$79.80
Market Cap CYE ($ Bil)	38.8	-	-
Total Debt ($ Bil)	14.6	10.6	2.0
Total Cash ($ Bil)	1.2	1.4	0.2
Enterprise Value ($ Bil)	52.2
Valuation Ratios
P/S TTM	22.6	0.0	0.0
P/EBIT TTM	-1069.2	0.0	0.0
P/E TTM	-78.5	0.0	0.0
Sector Ratios
P/S TTM (Sector)	0.0	0.0	0.0
P/EBIT TTM (Sector)	0.0	0.0	0.0
P/E TTM (Sector)	0.0	0.0	0.0

	CRWV	S&P 500
REVENUE GROWTH	GOOD
Rev LTM ($ Bil)	3.5
Rev Chg Q	206.7%	7.1%
Rev Chg LTM	�	6.1%
PROFITABILITY	VERY POOR
Op Inc LTM ($ Bil)	0.2
CFO LTM ($ Bil)	0.6
Net Inc LTM ($ Bil)	-1.0
Op Mgn LTM	6.3%	18.8%
CFO/Rev LTM	18.1%	20.5%
Net Inc Mgn	-28.8%	13.1%
VALUATION	VERY HIGH
P/S	22.6	3.2
P/CFO	125.1	15.8
P/FCF	-10.1	20.5
P/E	-78.5	23.5
STABILITY	GOOD
Debt/Equity	0.18	0.20
Cash/Assets	0.04	0.07

AI Generated Analysis | Feedback

Metric	Value	Date	Source
Remaining Performance Obligations (Contracted Backlog)	$15.1 billion	12312024	Link
Contracted Power	2.2 gigawatts	11042025	Link
Active Power Capacity	470 megawatts	11042025	Link
Number of GPUs	250,000	12312024	Link
Number of Data Centers	32	12312024	Link
Percentage of Revenue from Top 2 Customers	77%	12312024	Link
Percentage of Revenue from Microsoft	62%	12312024	Link
Percentage of Revenue from Long-Term Contracts	96%	3092025	Link
Contracted Revenue Backlog	$30.1 billion	8132025	Link

Recent
11/10/2025	Earnings Release	Rev: $1.0 Bil (A) vs. $1.0 Bil (E) EPS: -0.08 (A) vs. $-0.40 (E)
Upcoming
2/09/2026	Earnings Release	Rev: - EPS: -

CRWV Stock

Return (1M):

Why The Stock Moved

Qualitative Assessment

AI Generated Analysis | Feedback

Based on the information available for CoreWeave (CRWV) during the approximate time period from August 31, 2025, to December 4, 2025, the -23% stock movement can be attributed to several key factors:

1. Analyst concerns regarding high valuation and customer concentration contributed to a negative outlook. Analysts in late 2025 warned that CoreWeave's high valuation multiples and significant customer concentration, with Microsoft alone accounting for over 60% of its 2024 revenue, posed considerable risks.

2. Continued net losses and substantial expansion costs pressured investor sentiment. CoreWeave reported an $863 million net loss in 2024, driven by heavy expansion costs, and net losses were anticipated to continue for the foreseeable future.

Stock Movement Drivers

Fundamental Drivers

The -11.7% change in CRWV stock from 9/3/2025 to 12/3/2025 was primarily driven by a 0.0% change in the company's Shares Outstanding (Mil).

	9032025	12032025	Change
Stock Price ($)	89.88	79.36	-11.70%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	�	�	�
Net Income Margin (%)	�	�	�
P/E Multiple	�	�	�
Shares Outstanding (Mil)	403.73	403.73	0.00%
Cumulative Contribution			�

LTM = Last Twelve Months as of date shown

Market Drivers

9/3/2025 to 12/3/2025

	Return	Correlation
CRWV	-11.7%
Market (SPY)	6.2%	36.2%
Sector (XLK)	11.0%	56.5%

Fundamental Drivers

The -51.3% change in CRWV stock from 6/4/2025 to 12/3/2025 was primarily driven by a 0.0% change in the company's Shares Outstanding (Mil).

	6042025	12032025	Change
Stock Price ($)	163.10	79.36	-51.34%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	�	�	�
Net Income Margin (%)	�	�	�
P/E Multiple	�	�	�
Shares Outstanding (Mil)	403.73	403.73	0.00%
Cumulative Contribution			�

LTM = Last Twelve Months as of date shown

Market Drivers

6/4/2025 to 12/3/2025

	Return	Correlation
CRWV	-51.3%
Market (SPY)	15.1%	23.0%
Sector (XLK)	22.7%	35.3%

Fundamental Drivers

null
null

Market Drivers

12/3/2024 to 12/3/2025

	Return	Correlation
CRWV
Market (SPY)	14.3%	34.9%
Sector (XLK)	23.1%	39.8%

Fundamental Drivers

null
null

Market Drivers

12/4/2023 to 12/3/2025

	Return	Correlation
CRWV
Market (SPY)	53.2%	34.9%
Sector (XLK)	60.2%	39.8%

Return vs. Risk

Price Returns Compared

	2020	2021	2022	2023	2024	2025	Total [1]
Returns
CRWV Return	-	-	-	-	-	-
Peers Return	13%	13%	-38%	33%	-9%	-8%	-11%
S&P 500 Return	16%	27%	-19%	24%	23%	16%	112%
Monthly Win Rates [3]
CRWV Win Rate	-	-	-	-	-	57%
Peers Win Rate	23%	40%	30%	45%	45%	58%
S&P 500 Win Rate	58%	75%	42%	67%	75%	70%
Max Drawdowns [4]
CRWV Max Drawdown	-	-	-	-	-	-
Peers Max Drawdown	-8%	-1%	-42%	-20%	-26%	-23%
S&P 500 Max Drawdown	-31%	-1%	-25%	-1%	-2%	-15%

[1] Cumulative total returns since the beginning of 2020
[2] Peers: GEN, PATH, S, VRNT, CHOW.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 12/3/2025 (YTD)

How Low Can It Go

CRWV has limited trading history. Below is the Information Technology sector ETF (XLK) in its place.

Unique Key	Event	XLK	S&P 500
2022 Inflation Shock	2022 Inflation Shock
2022 Inflation Shock% Loss	% Loss	-34.0%	-25.4%
2022 Inflation Shock% Gain to Breakeven	% Gain to Breakeven	51.6%	34.1%
2022 Inflation ShockTime to Breakeven	Time to Breakeven	278 days	464 days
2020 Covid Pandemic	2020 Covid Pandemic
2020 Covid Pandemic% Loss	% Loss	-31.5%	-33.9%
2020 Covid Pandemic% Gain to Breakeven	% Gain to Breakeven	46.0%	51.3%
2020 Covid PandemicTime to Breakeven	Time to Breakeven	79 days	148 days
2018 Correction	2018 Correction
2018 Correction% Loss	% Loss	-24.1%	-19.8%
2018 Correction% Gain to Breakeven	% Gain to Breakeven	31.8%	24.7%
2018 CorrectionTime to Breakeven	Time to Breakeven	105 days	120 days
2008 Global Financial Crisis	2008 Global Financial Crisis
2008 Global Financial Crisis% Loss	% Loss	-53.6%	-56.8%
2008 Global Financial Crisis% Gain to Breakeven	% Gain to Breakeven	115.3%	131.3%
2008 Global Financial CrisisTime to Breakeven	Time to Breakeven	1183 days	1480 days

Compare to

In The Past

SPDR Select Sector Fund's stock fell -34.0% during the 2022 Inflation Shock from a high on 12/27/2021. A -34.0% loss requires a 51.6% gain to breakeven.

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About CoreWeave (CRWV)

CoreWeave powers the creation and delivery of the intelligence that drives innovation. We are the AI Hyperscaler™ driving the AI revolution(1). Our CoreWeave Cloud Platform consists of our proprietary software and cloud services that deliver the software and software intelligence needed to manage complex AI infrastructure at scale. Our platform supports the development and use of ground-breaking models and the delivery of the next generation of AI applications that are changing the way we live and work across the globe—our platform is trusted by some of the world’s leading AI labs and AI enterprises, including Cohere Inc. (“Cohere”), International Business Machines Corporation (“IBM”), Meta Platforms, Inc. (“Meta”), Microsoft Corporation (“Microsoft”), Mistral AI SAS (“Mistral”), NVIDIA Corporation (“NVIDIA”), and OpenAI OpCo, LLC (“OpenAI”). We believe AI is the next frontier for innovation in technology, driving productivity and efficiency gains and enabling new business models in nearly every industry and organization. According to IDC, AI will generate a cumulative global economic impact of $20 trillion, or 3.5% of global GDP, by 2030. The generalized cloud infrastructure that drove the cloud revolution beginning in the 2000s was built to host websites, databases, and SaaS apps that have fundamentally different needs than the high performance requirements of AI. As workloads and technologies evolve, so too must the infrastructure and cloud software and services that power them. We believe we are at the start of a new cloud era that will drive the AI revolution. The opportunity for a purpose-built AI cloud platform, including the infrastructure and integrated software, is massive. Based on market research from Bloomberg Intelligence, total spending on AI inference/fine-tuning, AI workload monitoring, and training infrastructure, including AI servers, AI storage, training compute, cloud workloads, and networking, will reach approximately $399 billion by 2028. For AI to reach its full potential, it needs a purpose-built AI cloud platform with infrastructure and managed cloud services that are delivered in an efficient, automated, and highly performant way. Enter CoreWeave, the AI Hyperscaler™. We purpose-built our CoreWeave Cloud Platform to be the infrastructure and application platform for AI. Our platform manages the complexity of engineering, assembling, running, and monitoring state-of-the-art infrastructure at a massive scale to deliver high performance and efficiency to AI workloads. Through our proprietary software capabilities, we enable our customers to achieve substantially higher total system performance and more favorable uptime relative to other AI offerings within existing infrastructure cloud environments and unlock speed at scale. By delivering more compute cycles to AI workloads and thereby reducing the time required to train models, our capabilities can significantly accelerate the time to solution for customers in the ongoing hyper-competitive race to build the next bleeding-edge AI models. For example, in June 2023, our NVIDIA H100 Tensor Core GPU training cluster completed the MLPerf benchmark test (which benchmarks how quickly a system can train a model from scratch) in eleven minutes—a record and 29 times faster than the next best competitor at the time of the benchmark test. These efficiencies also extend from training to inference use cases, as our CoreWeave Cloud Platform significantly improves both run-time efficiency for inference workloads and enables overall higher AI application uptime. These performance gains help to ensure lower performance-adjusted costs and a superior end-user experience. The supercomputers we build to power our platform are optimized to support many types of AI workloads, and they are augmented by our suite of cloud services to deliver meaningful time and cost savings to customers through our orchestration, automation, and monitoring capabilities. Our multidisciplinary, customer-centric team has a proven ability to conceptualize, design, and implement solutions to solve the most complex engineering challenges in the pursuit of furthering AI. We hire individuals who help contribute to and maintain a culture centered around solving the most complex AI infrastructure scaling, performance, and reliability challenges. Customers utilize our platform through a set of cloud services comprising Infrastructure Services, Managed Software Services, and Application Software Services, all augmented by our Mission Control and Observability software. Our comprehensive and integrated cloud services work together as a suite to deliver state-of-the-art compute, networking, and storage. These services enable the provisioning of infrastructure, the orchestration of workloads, and the proactive monitoring of our customers’ training and inference environments to increase performance and minimize interruptions. Our CoreWeave Cloud Platform is hosted in our distributed network of active purpose-built data centers that are interconnected using low latency connections to major metropolitan areas, and incorporate state-of-the-art data center networking equipment, enhanced access to power and, where appropriate, the latest liquid cooling technologies. As of December 31, 2024, our 32 data centers were running more than 250,000 GPUs in total, and were supported by more than 360 MW of active power. Our total contracted power extends to approximately 1.3 GW as of December 31, 2024, which we expect to roll out over the coming years. We benefit from robust collaborations with leading chipmakers, original equipment manufacturers (“OEMs”), and software providers to supply us with infrastructure components and other products. We have a proven track record of rapidly expanding our power capacity to support the growth of our data center footprint along with our collection of managed cloud services. We deploy a sophisticated financing strategy and have efficiently financed the development of additional compute capacity through the use of asset-backed debt, having raised total commitments of $12.9 billion in debt through December 31, 2024 to support the development of our platform. Our customers include some of the world’s leading AI labs and AI enterprises—the builders and integrators of AI—who depend on our platform for their core products and most promising innovations. We deliver significant benefits to our customers in terms of overall performance, time to market, and reduced cost of ownership, which results in our customers making large, long-term initial commitments and expanding those commitments with us over time. The vast majority of our revenue today is from multi-year committed contracts, whereby a customer purchases access to our platform over the contract term on a take-or-pay basis. We also sell access to our platform on an on-demand basis through a pay-as-you-go model. As of December 31, 2024, we had $15.1 billion of remaining performance obligations reflecting an increase of 53%, from $9.9 billion as of December 31, 2023. Microsoft, our largest customer for the years ended December 31, 2023 and 2024, will represent less than 50% of our expected future committed contract revenues when combining our RPO balance of $15.1 billion as of December 31, 2024 and up to $11.55 billion of future revenue from our recently signed Master Services Agreement with OpenAI, as described herein. Our ability to abstract away the complexity our customers would face in assembling, managing, and deploying this infrastructure themselves establishes us as a critical partner and leads to long-term, durable relationships that have the potential to expand over time. As evidence of this, three of our top five committed contract customers by total contract value (“TCV”) as of December 31, 2024 signed agreements for additional capacity within 12 months of their respective initial purchase dates. These agreements, measured during each respective 12-month period from the initial date of signing, represent a cumulative increase of approximately $7.8 billion in committed spend and a multiple of approximately 4x on initial contract value. Our deep relationships with customers are a competitive advantage, and our first-to-market track record with highly performant technology gives customers confidence in choosing CoreWeave. (1) Based on our exclusive focus on AI cloud computing at the scale and with the capabilities of our platform, solutions, and services as compared to competing hyperscalers and our customer relationships with leading AI labs and AI enterprises, which position us to be among the first to experience and solve the challenges facing the AI cloud computing industry at scale. We were formed in September 2017 as a Delaware limited liability company under the name The Atlantic Crypto Corporation LLC and converted to a Delaware corporation in September 2018 under the name Atlantic Crypto Corporation. In December 2019, we changed our name to “CoreWeave, Inc.” Our principal executive offices are located in Livingston, NJ 07039.

AI Generated Analysis | Feedback

Here are 1-3 brief analogies for CoreWeave:

AWS or Google Cloud, but exclusively for high-performance AI and GPU workloads.
Like NVIDIA, but instead of selling chips, CoreWeave sells access to massive clusters of their AI GPUs as a cloud service.

AI Generated Analysis | Feedback

GPU Cloud Infrastructure: Provides on-demand access to high-performance NVIDIA GPUs designed for compute-intensive workloads.
AI/Machine Learning Cloud Services: Offers specialized environments and resources within their GPU cloud for training and deploying AI models.
Visual Effects (VFX) & Rendering Cloud: Delivers scalable GPU computing power optimized for film production, animation, and graphic rendering tasks.
High-Performance Computing (HPC) Cloud: Supplies robust infrastructure for scientific research, data analytics, and other computationally demanding applications.

AI Generated Analysis | Feedback

Please note that CoreWeave is not a public company and therefore does not have a public stock symbol like CRWV. It is a privately held cloud provider specializing in high-performance computing for AI/ML workloads.

CoreWeave primarily sells its specialized cloud computing services to other companies.

Major Customers:

OpenAI: A prominent artificial intelligence research and deployment company. OpenAI is a private company. Reports indicate that OpenAI is a significant customer for CoreWeave's GPU infrastructure, supporting its large-scale AI model training and inference.
Other AI/ML Startups and Enterprises: While specific names are often subject to non-disclosure agreements, CoreWeave generally serves a broad range of AI and machine learning startups, established enterprises, and research institutions that require vast amounts of GPU computing power for training complex models, running simulations, and performing other data-intensive tasks.

AI Generated Analysis | Feedback

NVIDIA Corporation (Symbol: NVDA)
Super Micro Computer, Inc. (Symbol: SMCI)

AI Generated Analysis | Feedback

Michael Intrator, Chief Executive Officer

Michael Intrator is a co-founder of CoreWeave, which he helped establish in 2017. CoreWeave went public in March 2025. Before co-founding CoreWeave, Intrator was a co-founder and CEO of Hudson Ridge Asset Management LLC, a natural gas hedge fund, from January 2013 to January 2018. He also served as a Principal Portfolio Manager for Natsource Asset Management LLC from September 1998 to July 2014, where he specialized in investing in global environmental markets and related energy products.

Nitin Agrawal, Chief Financial Officer

Nitin Agrawal joined CoreWeave as Chief Financial Officer in March 2024. Prior to CoreWeave, he held the position of Vice President, Finance for Google Cloud from May 2021 to March 2024. He also served as Chief Financial Officer of Mapbox, Inc. from August 2019 to April 2021, and as Finance Director of the Compute Services division at Amazon Web Services, Inc. from January 2015 to July 2019. Agrawal's experience also includes various finance leadership roles at Microsoft from 2008 to 2015.

Brian Venturo, Chief Strategy Officer

Brian Venturo is a co-founder of CoreWeave. He initially served as Chief Technology Officer from October 2017 until March 2024, when he was appointed Chief Strategy Officer. Before CoreWeave, Venturo was a Partner at Hudson Ridge Asset Management LLC, a natural gas hedge fund, from January 2013 to January 2018.

Brannin McBee, Chief Development Officer

Brannin McBee is a co-founder of CoreWeave. He previously held the role of Chief Scientific Officer and was appointed Chief Development Officer in March 2024.

Sachin Jain, Chief Operating Officer

Sachin Jain joined CoreWeave as Chief Operating Officer in August 2024. Prior to CoreWeave, he was part of Oracle's AI department.

AI Generated Analysis | Feedback

Increased competition from hyperscale cloud providers (e.g., AWS, Azure, Google Cloud) intensifying their focus on high-performance GPU cloud services for AI workloads. These companies possess vast resources, existing customer bases, and are rapidly expanding their specialized offerings, directly encroaching on CoreWeave's niche.

The emergence and widespread adoption of alternative, non-NVIDIA AI accelerator hardware. CoreWeave's business heavily relies on providing NVIDIA GPUs. If competing chips from companies like AMD, Intel, Google, or Amazon gain significant market share due to superior performance, cost-efficiency, or specialized capabilities, CoreWeave's NVIDIA-centric infrastructure could face obsolescence or require substantial, costly adaptation.

NVIDIA's strategic expansion into its own direct cloud services (e.g., DGX Cloud). As the primary supplier of the critical GPU hardware, NVIDIA has the potential to become a more direct competitor to CoreWeave. If NVIDIA prioritizes its own cloud offerings for hardware allocation or aggressively competes on service terms, it could significantly impact CoreWeave's access to cutting-edge GPUs and its ability to attract and retain customers.

AI Generated Analysis | Feedback

CoreWeave (symbol: CRWV) primarily offers specialized GPU-accelerated cloud services, including GPU and CPU compute, specialized storage, high-speed networking, and managed platform services built on Kubernetes. These services are optimized for high-performance computing (HPC), artificial intelligence (AI), machine learning (ML) training and inference, and visual effects (VFX) rendering.

The addressable markets for CoreWeave's main products and services are substantial and experiencing rapid growth:

Global GPU Cloud Computing Market: This market was valued at approximately USD 3.17 billion in 2024 and is projected to reach USD 47.24 billion by 2033, demonstrating a compound annual growth rate (CAGR) of about 35% from 2025 to 2033. Another estimate values the global GPU cloud computing market at USD 4.82 billion in 2025, expecting it to reach USD 12.3 billion by 2033 with a CAGR of 10.97%. The cloud data center GPU market alone was valued at US$ 7,221.7 million in 2024 and is estimated to grow at a CAGR of 38.5% from 2024 to 2033. North America is a dominant region, holding approximately 35% of the total global cloud GPU market share and operating more than 60% of the global GPU cloud capacity in 2024.
Global Artificial Intelligence (AI) Infrastructure Market: This market was valued at USD 69.44 billion in 2024 and is expected to reach USD 1248.60 billion by 2032, growing at a CAGR of 43.50% from 2025 to 2032. Other projections show the global AI infrastructure market size at USD 46.15 billion in 2024, growing to USD 356.14 billion by 2032 with a CAGR of 29.10%, or from USD 60.23 billion in 2025 to approximately USD 499.33 billion by 2034 with a CAGR of 26.60%. Spending on AI infrastructure is globally poised to reach $758 billion USD by 2029. North America holds the largest share of the global AI infrastructure market, accounting for 41%. The U.S. AI infrastructure market alone was valued at USD 14.52 billion in 2024 and is projected to reach around USD 156.45 billion by 2034.
Global High-Performance Computing (HPC) Market: The global HPC market was valued at USD 44.3 billion in 2024 and is forecasted to reach USD 65.8 billion by 2033, exhibiting a CAGR of 4.5% from 2025-2033. Another report estimates the market at USD 60.2 billion in 2025, growing to USD 124.2 billion by 2035 at a CAGR of 7.5%. A further estimate puts the global HPC market size at USD 57.00 billion in 2024, projected to reach USD 87.31 billion by 2030 with a CAGR of 7.2% from 2025 to 2030. North America dominates this market, holding over 40.3% market share in 2024, and specifically, the U.S. HPC market holds 76.80% of the total share in North America.

AI Generated Analysis | Feedback

Here are 3-5 expected drivers of future revenue growth for CoreWeave (CRWV) over the next 2-3 years:

Surging Demand for AI Infrastructure and Specialized GPU Cloud Services: CoreWeave is positioned to capitalize on the increasing global demand for specialized, GPU-centric cloud capacity and high-performance computing (HPC) services for artificial intelligence (AI) and machine learning workloads. The company's offerings directly address the rising need for compute-intensive solutions as organizations scale their AI initiatives.
Expansion of GPU Cloud Infrastructure and Data Center Capacity: CoreWeave is actively expanding its physical infrastructure, including data center capacity and GPU fleet. The company projects an increase to over 400,000 GPUs by mid-2026, up from approximately 250,000 online today, signifying a direct increase in its ability to serve more customers and larger workloads.
Strategic Partnerships and Key Customer Relationships: CoreWeave benefits significantly from strategic partnerships with major industry players such as OpenAI and Nvidia. Microsoft is also identified as one of CoreWeave's largest customers, indicating robust and high-value client relationships that are expected to drive sustained revenue. The company's support for Nvidia's Blackwell infrastructure expansion further solidifies its position.
Technological Advancements and Service Diversification: Beyond its core GPU compute offerings, CoreWeave is enhancing its technological portfolio through initiatives like the development of chip management software and a dataset optimization tool for machine-learning developers. The acquisition of AI platform developer Weights & Biases in March 2025 further strengthens its AI platform capabilities and expands its service offerings.

AI Generated Analysis | Feedback

Share Issuance

CoreWeave completed its initial public offering (IPO) on March 28, 2025, issuing 36,590,000 shares of Class A common stock at $40.00 per share, raising $1.5 billion.
As part of a five-year cloud-computing contract, OpenAI acquired a $350 million stake in CoreWeave through a private placement of shares during the IPO.

Inbound Investments

CoreWeave secured $1.1 billion in Series C funding in May 2024, led by Coatue, with participation from Magnetar, Altimeter Capital, Fidelity Management & Research Company, and Lykos Global Management.
In August 2023, the company secured a $2.3 billion debt financing facility led by Magnetar and Blackstone, utilizing Nvidia's H100 GPUs as collateral.
CoreWeave closed a $650 million secondary share sale in November 2024, with investors including Jane Street, Magnetar Capital, Fidelity Management, and Macquarie Capital.

Outbound Investments

In March 2025, CoreWeave acquired the AI platform developer Weights & Biases for an estimated $1.7 billion.
CoreWeave launched CoreWeave Ventures in September 2025 to provide direct investment capital, technical expertise, and compute resources to AI founders.
In November 2025, CoreWeave announced the acquisition of Marimo Inc., an AI development platform.

Capital Expenditures

CoreWeave plans to invest between $20 billion and $23 billion in 2025 to expand its AI infrastructure and data center capacity.
Capital expenditures for Q2 2025 were $2.9 billion, primarily directed towards property and hardware, with Q3 2025 projected between $2.9 billion and $3.4 billion.
In 2024, the company utilized $8.7 billion in investing activities, mainly for capital expenditures to build out data center infrastructure and acquire GPUs.

Better Bets than CoreWeave (CRWV)

	CRWV	Better Performance than CRWV
Metric	Value	INDUSTRY: Systems Software
Op Mgn LTM	6.3%	MSFT (46.3%), FTNT (31.0%), AFRM (15.6%), NOW (13.9%), PANW (13.5%)
CFO/Rev LTM	18.1%	MSFT (50.0%), PANW (40.3%), NOW (38.2%), CRWD (32.0%), NET (26.8%)
FCF/Rev LTM	-225.1%	PANW (37.6%), NOW (30.8%), MSFT (26.6%), CRWD (23.9%), NET (10.4%)
Total Yield	-1.3%	MSFT (3.4%), NOW (0.9%), PANW (0.8%), NET (-0.1%), CRWD (-0.2%)
P/S	22.5	FTNT (9.7), MSFT (13.1), PANW (14.9), NOW (15.1), ZS (18.4)
P/Op Inc	358.2	MSFT (28.3), FTNT (31.2), AFRM (47.1), NOW (108.9), PANW (110.7)

	CRWV	Better Performance than CRWV
Metric	Value	SECTOR: Information Technology
Op Mgn LTM	6.3%	NVDA (58.1%), MSFT (46.3%), AVGO (39.0%), AAPL (31.9%), ORCL (31.6%)
CFO/Rev LTM	18.1%	MSFT (50.0%), NVDA (46.6%), AVGO (42.4%), ORCL (36.5%), AAPL (26.6%)
FCF/Rev LTM	-225.1%	NVDA (43.6%), AVGO (41.6%), MSFT (26.6%), AAPL (23.5%), ORCL (-10.0%)
Total Yield	-1.3%	MSFT (3.4%), AAPL (3.0%), ORCL (2.8%), NVDA (2.3%), AVGO (1.5%)
P/S	22.5	AMD (8.2), AAPL (9.3), ORCL (10.5), MSFT (13.1), AVGO (21.7)
P/Op Inc	358.2	MSFT (28.3), AAPL (29.1), ORCL (33.1), NVDA (40.1), AVGO (55.6)

	CRWV	Better Performance than CRWV
Metric	Value	ALL OTHER SECTORS
Op Mgn LTM	6.3%	META (43.2%), LLY (43.0%), GOOGL (32.2%), XOM (11.4%), AMZN (11.4%)
CFO/Rev LTM	18.1%	META (56.8%), MA (56.1%), GOOGL (39.3%), JNJ (26.3%), LLY (20.5%)
FCF/Rev LTM	-225.1%	META (23.7%), GOOGL (19.1%), TSLA (7.1%), BRK-B (4.8%), AMZN (2.0%)
Total Yield	-1.3%	BRK-B (6.2%), GOOGL (4.6%), META (3.5%), AMZN (3.0%), TSLA (0.4%)
P/S	22.5	BRK-B (2.7), AMZN (3.5), GOOGL (7.6), META (9.8), TSLA (15.0)
P/Op Inc	358.2	META (22.6), GOOGL (23.7), LLY (29.9), AMZN (30.7), TSLA (294.8)

		Best Bets In Information Technology Sector
	CRWV
What You Pay
P/E	-78.1
P/EBIT	-1063.3
What You Get
Rev Chg Q	206.7%
Rev Chg LTM	�
Rev Chg 3Y Avg	�
FCF/Rev 3Y Avg	�

[1] Choosing top 10 best bets from each sector quarterly is an alpha producing strategy vs sector benchmark
[2] Historical annualized return of 24%, alpha of 2.9%, and sharpe of 1.04

Latest Trefis Analyses

	Title	Topic	Date
0	DASHBOARDS
1	CoreWeave Stock Drop Looks Sharp, But How Deep Can It Go?	Return
2	ARTICLES
3	What Is Happening With CoreWeave Stock?		December 4th, 2025
4	What’s The Downside Risk For CoreWeave Stock?		December 2nd, 2025
5	CoreWeave Stock To $53?		November 20th, 2025
6	How Will CoreWeave Stock React To Its Upcoming Earnings?		November 7th, 2025
7	What’s Next For CoreWeave Stock?		October 1st, 2025

	Title
0	DASHBOARDS
1	CoreWeave Stock Drop Looks Sharp, But How Deep Can It Go?
2	ARTICLES
3	What Is Happening With CoreWeave Stock?
4	What’s The Downside Risk For CoreWeave Stock?
5	CoreWeave Stock To $53?
6	How Will CoreWeave Stock React To Its Upcoming Earnings?
7	What’s Next For CoreWeave Stock?

Trade Ideas

Select past ideas related to CRWV. For more, see Trefis Trade Ideas.

Unique Key	Date	Ticker	Company	Category	Trade Strategy	6M Fwd Rtn	12M Fwd Rtn	12M Max DD
ENPH_11302025_Dip_Buyer_High_CFO_Margins_ExInd_DE	11302025	ENPH	Enphase Energy	Dip Buy	DB \| CFO/Rev \| Low D/EDip Buy with High Cash Flow Margins Buying dips for companies with significant cash flows from operations and reasonable debt / market cap	0.9%	0.9%	-0.9%
PD_11262025_Dip_Buyer_High_FCF_Yield_ExInd_DE_RevG	11262025	PD	PagerDuty	Dip Buy	DB \| FCF Yield \| Low D/EDip Buy with High Free Cash Flow Yield Buying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap	0.8%	0.8%	0.0%
CRM_11212025_Dip_Buyer_FCFYield	11212025	CRM	Salesforce	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	3.3%	3.3%	-0.1%
HUBS_11212025_Dip_Buyer_High_CFO_Margins_ExInd_DE	11212025	HUBS	HubSpot	Dip Buy	DB \| CFO/Rev \| Low D/EDip Buy with High Cash Flow Margins Buying dips for companies with significant cash flows from operations and reasonable debt / market cap	5.1%	5.1%	0.0%
FIVN_11212025_Dip_Buyer_High_FCF_Yield_ExInd_DE_RevG	11212025	FIVN	Five9	Dip Buy	DB \| FCF Yield \| Low D/EDip Buy with High Free Cash Flow Yield Buying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap	4.0%	4.0%	0.0%

Unique Key	Date	Ticker	Company	Category	Trade Strategy	6M Fwd Rtn	12M Fwd Rtn	12M Max DD
ENPH_11302025_Dip_Buyer_High_CFO_Margins_ExInd_DE	11302025	ENPH	Enphase Energy	Dip Buy	DB \| CFO/Rev \| Low D/EDip Buy with High Cash Flow Margins Buying dips for companies with significant cash flows from operations and reasonable debt / market cap	0.9%	0.9%	-0.9%
PD_11262025_Dip_Buyer_High_FCF_Yield_ExInd_DE_RevG	11262025	PD	PagerDuty	Dip Buy	DB \| FCF Yield \| Low D/EDip Buy with High Free Cash Flow Yield Buying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap	0.8%	0.8%	0.0%
CRM_11212025_Dip_Buyer_FCFYield	11212025	CRM	Salesforce	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	3.3%	3.3%	-0.1%
HUBS_11212025_Dip_Buyer_High_CFO_Margins_ExInd_DE	11212025	HUBS	HubSpot	Dip Buy	DB \| CFO/Rev \| Low D/EDip Buy with High Cash Flow Margins Buying dips for companies with significant cash flows from operations and reasonable debt / market cap	5.1%	5.1%	0.0%
FIVN_11212025_Dip_Buyer_High_FCF_Yield_ExInd_DE_RevG	11212025	FIVN	Five9	Dip Buy	DB \| FCF Yield \| Low D/EDip Buy with High Free Cash Flow Yield Buying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap	4.0%	4.0%	0.0%

Recent Active Movers

1 Day Top Gainers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
MPLT	MapLight Therapeutics	0.7	31.3%
AEVA	Aeva Technologies	0.8	25.7%	188.2%
DC	Dakota Gold	0.6	19.7%	150.9%
SERV	Serve Robotics	0.7	18.2%	-12.6%
ACDC	ProFrac	0.7	17.6%	-45.0%
HY	Hyster Yale	0.6	15.6%	-29.9%
AEO	American Eagle Outfitters	4.1	15.1%	49.7%
BEAM	Beam Therapeutics	2.7	14.4%	7.8%
GOSS	Gossamer Bio	0.8	14.4%	278.1%
FTRE	Fortrea	1.3	14.4%	-21.8%

1 Day Top Losers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
PSTG	Pure Storage	22.6	-27.3%	12.1%
GTLB	GitLab	6.3	-12.8%	-32.9%
CTEV	Claritev	0.7	-11.3%
FBYD	Falcons Beyond Global	0.7	-11.2%	131.2%
ACHC	Acadia Healthcare	1.3	-10.9%	-63.0%
ULS	UL Solutions	16.0	-10.7%	60.4%
HPK	HighPeak Energy	0.7	-10.6%	-59.8%
OS	OneStream	3.5	-10.4%	-35.0%
ARE	Alexandria Real Estate Equities	8.2	-10.1%	-47.9%
THO	Thor Industries	5.3	-9.5%	6.6%

1 Week Top Gainers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
HPP	Hudson Pacific Properties	6.3	641.5%	-34.3%
TLRY	Tilray Brands	7.5	618.1%	-46.9%
TMC	TMC The Metals	2.8	42.2%	589.3%
VERA	Vera Therapeutics	2.6	40.2%	-2.4%
ARWR	Arrowhead Pharmaceuticals	9.0	39.1%	246.1%
TE	T1 Energy	0.7	37.4%
MPLT	MapLight Therapeutics	0.7	32.1%
AEVA	Aeva Technologies	0.8	31.1%	188.2%
AMKR	Amkor Technology	10.9	30.2%	73.4%
DC	Dakota Gold	0.6	30.2%	150.9%

1 Week Top Losers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
JANX	Janux Therapeutics	1.1	-50.7%	-68.0%
VTYX	Ventyx Biosciences	0.6	-25.0%	258.0%
CTEV	Claritev	0.7	-23.5%
AMBA	Ambarella	3.0	-22.9%	-3.6%
FULC	Fulcrum Therapeutics	0.6	-21.5%	92.8%
PD	PagerDuty	1.1	-20.5%	-33.9%
NTNX	Nutanix	12.7	-19.3%	-22.4%
CNK	Cinemark	2.6	-18.0%	-25.2%
PSTG	Pure Storage	22.6	-17.2%	12.1%
ZS	Zscaler	38.1	-15.9%	35.1%

1 Month Top Gainers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
OLMA	Olema Pharmaceuticals	2.3	223.6%	367.4%
COGT	Cogent Biosciences	5.4	152.6%	402.1%
CDTX	Cidara Therapeutics	5.9	115.1%	722.1%
IRWD	Ironwood Pharmaceuticals	0.6	100.5%	-15.8%
TERN	Terns Pharmaceuticals	2.5	95.9%	396.2%
FRGE	Forge Global	0.6	90.3%	217.8%
SGML	Sigma Lithium	1.1	87.3%	-10.6%
INSP	Inspire Medical Systems	4.0	82.8%	-27.3%
NPCE	NeuroPace	0.6	77.2%	48.9%
ALMS	Alumis	0.6	71.9%	-0.3%

1 Month Top Losers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
UP	Wheels Up Experience	0.4	-52.7%	-62.4%
CCOI	Cogent Communications	0.9	-51.9%	-72.9%
SMR	NuScale Power	3.0	-50.7%	12.3%
FRMI	Fermi	10.3	-47.5%
AMSC	American Superconductor	1.4	-47.2%	30.1%
TLRY	Tilray Brands	7.5	-46.1%	-46.9%
BTDR	Bitdeer Technologies	2.4	-44.8%	-41.8%
EXOD	Exodus Movement	0.4	-43.1%	-53.3%
STUB	Stubhub	3.5	-39.8%
METC	Ramaco Resources	1.0	-39.4%	66.9%

Recent Active Movers

1 Day Top Gainers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
MPLT	MapLight Therapeutics	0.7	31.3%
AEVA	Aeva Technologies	0.8	25.7%	188.2%
DC	Dakota Gold	0.6	19.7%	150.9%
SERV	Serve Robotics	0.7	18.2%	-12.6%
ACDC	ProFrac	0.7	17.6%	-45.0%
HY	Hyster Yale	0.6	15.6%	-29.9%
AEO	American Eagle Outfitters	4.1	15.1%	49.7%
BEAM	Beam Therapeutics	2.7	14.4%	7.8%
GOSS	Gossamer Bio	0.8	14.4%	278.1%
FTRE	Fortrea	1.3	14.4%	-21.8%

1 Day Top Losers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
PSTG	Pure Storage	22.6	-27.3%	12.1%
GTLB	GitLab	6.3	-12.8%	-32.9%
CTEV	Claritev	0.7	-11.3%
FBYD	Falcons Beyond Global	0.7	-11.2%	131.2%
ACHC	Acadia Healthcare	1.3	-10.9%	-63.0%
ULS	UL Solutions	16.0	-10.7%	60.4%
HPK	HighPeak Energy	0.7	-10.6%	-59.8%
OS	OneStream	3.5	-10.4%	-35.0%
ARE	Alexandria Real Estate Equities	8.2	-10.1%	-47.9%
THO	Thor Industries	5.3	-9.5%	6.6%

1 Week Top Gainers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
HPP	Hudson Pacific Properties	6.3	641.5%	-34.3%
TLRY	Tilray Brands	7.5	618.1%	-46.9%
TMC	TMC The Metals	2.8	42.2%	589.3%
VERA	Vera Therapeutics	2.6	40.2%	-2.4%
ARWR	Arrowhead Pharmaceuticals	9.0	39.1%	246.1%
TE	T1 Energy	0.7	37.4%
MPLT	MapLight Therapeutics	0.7	32.1%
AEVA	Aeva Technologies	0.8	31.1%	188.2%
AMKR	Amkor Technology	10.9	30.2%	73.4%
DC	Dakota Gold	0.6	30.2%	150.9%

1 Week Top Losers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
JANX	Janux Therapeutics	1.1	-50.7%	-68.0%
VTYX	Ventyx Biosciences	0.6	-25.0%	258.0%
CTEV	Claritev	0.7	-23.5%
AMBA	Ambarella	3.0	-22.9%	-3.6%
FULC	Fulcrum Therapeutics	0.6	-21.5%	92.8%
PD	PagerDuty	1.1	-20.5%	-33.9%
NTNX	Nutanix	12.7	-19.3%	-22.4%
CNK	Cinemark	2.6	-18.0%	-25.2%
PSTG	Pure Storage	22.6	-17.2%	12.1%
ZS	Zscaler	38.1	-15.9%	35.1%

Peer Comparisons for CoreWeave

Peers to compare with:

Financials

	CRWV	GEN	PATH	S	VRNT	CHOW	Median
Name	CoreWeave	Gen Digi.	UiPath	Sentinel.	Verint S.	ChowChow.
Mkt Price	79.36	27.19	14.86	16.96	-	9.80	16.96
Mkt Cap	38.6	16.7	8.0	5.6	-	-	12.4
Rev LTM	3,526	4,473	1,497	907	-	-	2,511
Op Inc LTM	222	1,697	-46	-328	-	-	88
FCF LTM	-7,935	1,300	310	17	-	-	163
FCF 3Y Avg	-	1,463	268	-44	-	-	268
CFO LTM	638	1,324	335	41	-	-	486
CFO 3Y Avg	-	1,480	282	-22	-	-	282

Growth & Margins

	CRWV	GEN	PATH	S	VRNT	CHOW	Median
Name	CoreWeave	Gen Digi.	UiPath	Sentinel.	Verint S.	ChowChow.
Rev Chg LTM	-	16.2%	8.3%	25.4%	-	-	16.2%
Rev Chg 3Y Avg	-	16.5%	14.6%	45.6%	-	-	16.5%
Rev Chg Q	206.7%	25.3%	14.4%	21.7%	-	-	23.5%
QoQ Delta Rev Chg LTM	30.2%	5.8%	3.1%	5.0%	-	-	5.4%
Op Mgn LTM	6.3%	37.9%	-3.1%	-36.2%	-	-	1.6%
Op Mgn 3Y Avg	-	36.7%	-12.6%	-53.2%	-	-	-12.6%
QoQ Delta Op Mgn LTM	-4.1%	-1.3%	5.8%	2.1%	-	-	0.4%
CFO/Rev LTM	18.1%	29.6%	22.4%	4.5%	-	-	20.2%
CFO/Rev 3Y Avg	-	37.1%	20.7%	-5.5%	-	-	20.7%
FCF/Rev LTM	-225.1%	29.1%	20.7%	1.8%	-	-	11.3%
FCF/Rev 3Y Avg	-	36.7%	19.6%	-8.7%	-	-	19.6%

Valuation

	CRWV	GEN	PATH	S	VRNT	CHOW	Median
Name	CoreWeave	Gen Digi.	UiPath	Sentinel.	Verint S.	ChowChow.
Mkt Cap	38.6	16.7	8.0	5.6	-	-	12.4
P/S	22.5	3.9	4.6	6.7	-	-	5.6
P/EBIT	-1,063.3	10.9	-148.1	-19.8	-	-	-83.9
P/E	-78.1	30.7	340.3	-14.1	-	-	8.3
P/CFO	124.4	13.2	20.5	148.8	-	-	72.4
Total Yield	-1.3%	5.0%	0.3%	-7.1%	-	-	-0.5%
Dividend Yield	0.0%	1.8%	0.0%	0.0%	-	-	0.0%
FCF Yield 3Y Avg	-	9.5%	3.6%	-1.0%	-	-	3.6%
D/E	0.2	0.5	0.0	0.0	-	-	0.1
Net D/E	0.2	0.5	-0.2	-0.1	-	-	0.0

Returns

	CRWV	GEN	PATH	S	VRNT	CHOW	Median
Name	CoreWeave	Gen Digi.	UiPath	Sentinel.	Verint S.	ChowChow.
1M Rtn	-37.2%	3.9%	-6.4%	-4.1%	-	11.4%	-4.1%
3M Rtn	-11.7%	-7.9%	36.6%	-5.9%	-	-	-6.9%
6M Rtn	-51.3%	-5.7%	13.9%	-5.6%	-	-	-5.7%
12M Rtn	-	-10.3%	3.3%	-38.4%	-	-	-10.3%
3Y Rtn	-	21.7%	2.3%	14.7%	-	-	14.7%
1M Excs Rtn	-37.1%	4.0%	-6.3%	-4.0%	-	11.4%	-4.0%
3M Excs Rtn	-14.6%	-12.8%	31.6%	-11.9%	-	-	-12.4%
6M Excs Rtn	-66.1%	-20.4%	-0.9%	-20.3%	-	-	-20.4%
12M Excs Rtn	-	-23.9%	-9.0%	-52.9%	-	-	-23.9%
3Y Excs Rtn	-	-47.0%	-49.8%	-67.2%	-	-	-49.8%

Financials

Annual
Quarterly

$ Mil \| FY: 12/31	LTM	2024	2023	2022
Period End	6/30/2025	12/31/2024	12/31/2023	12/31/2022
Filing Date	8/13/2025	3/31/2025	3/31/2025	3/31/2025
Key Financials
Total Revenue	3,526	1,915	229	16
EBITDA	1,548	480	-426	-14
Operating Income	222	324	-14	-23
Net Income	-1,016	-863	-594	-31
EPS	-3.01	-2.33	-1.47	-0.08
Growth Rates
Total Revenue Growth	-	736.6%	1346.3%	-
EBITDA Growth	-	212.6%	-2972.9%	-
Operating Income Growth	-	2344.5%	36.8%	-
Net Income Growth	-	-45.4%	-1811.9%	-
Margins
EBITDA Margin	43.9%	25.1%	-186.3%	-87.7%
Operating Income Margin	6.3%	16.9%	-6.3%	-144.5%
Net Income Margin	-28.8%	-45.1%	-259.3%	-196.2%
Cash & Debt
Total Cash	1,153	1,361	220	�
Total Debt	14,562	10,620	2,000	0
Net Debt / (Cash)	13,410	9,259	1,780	�
Cash Flows
Net Cash from Operations	638	2,749	1,833	1
Free Cash from Operations	-7,935	-5,953	-1,110	-71
Returns to Shareholders
Dividends	0	58	-0	-0
Share Repurchases	-0	1	32	-0

$ Mil \| FY: 12/31	2025Q2	2025Q1	2024Q4	2024Q3	2024Q2	2024Q1	2023Q4
Period End	6/30/2025	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023
Filing Date	8/13/2025	5/15/2025	3/31/2025	2/11/2025	8/13/2025	5/15/2025	3/31/2025
Key Financials Quarterly
Total Revenue	1,213	982	747	584	395	189	116
Ebitda	584	439	485	40	-52	6	-85
Operating Income	19	-27	113	117	78	17	-2
Net Income	-291	-315	-51	-360	-323	-129	-171
EPS	-0.60	-1.40	-0.17	-0.84	-0.84	-0.32	-0.42
Key Financials TTM
Total Revenue TTM	3,526	2,708	1,915	1,284	-	-	-
Ebitda TTM	1,548	912	480	-90	-	-	-
Operating Income TTM	222	280	324	210	-	-	-
Net Income TTM	-1,016	-1,049	-863	-983	-	-	-
Growth Rates Quarterly
Total Revenue Growth	206.7%	420.3%	544.4%	-	-	-	-
EBITDA Growth	1230.3%	6845.2%	670.9%	-	-	-	-
Operating Income Growth	-75.3%	-263.1%	6301.1%	-	-	-	-
Net Income Growth	10.1%	-143.4%	69.9%	-	-	-	-
Margins Quarterly
EBITDA Margin	48.1%	44.7%	64.9%	6.9%	-13.1%	3.3%	-73.3%
Operating Income Margin	1.6%	-2.8%	15.1%	20.1%	19.7%	8.9%	-1.6%
Net Income Margin	-24.0%	-32.1%	-6.9%	-61.6%	-81.7%	-68.5%	-147.1%
Cash & Debt
Total Cash	1,153	1,276	1,361	1,356	-	-	220
Total Debt	14,562	11,897	10,620	6,278	0	0	2,000
Net Debt / (Cash)	13,410	10,620	9,259	4,921	-	-	1,780
Cash Flows Quarterly
FCF from Operations	-251	61	187	641	-118	2,039	44
Cash Flows TTM
FCF from Operations TTM	638	771	2,749	2,606	-	-	-
Returns to Shareholders Quarterly
Dividends	0	0	0	0	0	0	0
Share Repurchases	-0	-0	-0	-0	-0	-0	32
Return on Invested Capital (ROIC) Quarterly
ROIC	0.4%	-0.7%	4.4%	7.8%	-	-	-0.4%
Return on Invested Capital (ROIC) TTM
ROIC TTM	1.1%	1.8%	3.2%	3.5%	-	-	-

	1M	2M	3M	6M	1Y	3Y
Beta	3.03	2.46	2.69	2.27	0.09	-0.35
Up Beta	5.31	2.94	0.16	1.65	-0.22	-0.31
Down Beta	5.08	2.05	2.72	2.85	-0.83	-1.71
Up Capture	-243%	-15%	206%	117%	337%	38%
Bmk +ve Days	12	25	38	73	141	426
Stock +ve Days	6	17	29	58	82	82
Down Capture	437%	361%	352%	252%	125%	82%
Bmk -ve Days	7	16	24	52	107	323
Stock -ve Days	13	24	33	66	85	85

Short Interest

Short Interest: As Of Date	11142025
Short Interest: Shares Quantity	32,948,281
Short Interest: % Change Since 10312025	25.7%
Average Daily Volume	35,160,669
Days-to-Cover Short Interest	1
Basic Shares Quantity	486,591,000
Short % of Basic Shares	6.8%

Returns Analyses

	Title
0	CoreWeave Stock Drop Looks Sharp, But How Deep Can It Go?

SEC Filings

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Report Date	Filing Date	Filing
6302025	8132025	10-Q 6/30/2025
3312025	5152025	10-Q 3/31/2025
12312024	3312025	424B4 12/31/2024
9302024	2112025	DRS/A 9/30/2024

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2	SeekingAlpha	ValueLine
3	Motley Fool	Robinhood
4	CNBC	Etrade
5	MarketWatch	Unusual Whales
6	YCharts	Perplexity Finance
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CoreWeave (CRWV)

Market Price (12/4/2025): $79.8 | Market Cap: $38.8 BilSector: Information Technology | Industry: Systems Software

CoreWeave (CRWV)

Market Price (12/4/2025): $79.8Market Cap: $38.8 BilSector: Information TechnologyIndustry: Systems Software

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Market Price (12/4/2025): $79.8 | Market Cap: $38.8 Bil
Sector: Information Technology | Industry: Systems Software

Market Price (12/4/2025): $79.8
Market Cap: $38.8 Bil
Sector: Information Technology
Industry: Systems Software