CRWV

Coreweave
D

CRWV

If you had invested in Coreweave ago, it would be worth $678 today, against $1,135 in SPY and $1,123 in QQQ.

Coreweave key facts

Style
Speculative (losing money)
Day range
49.255 – 56.350
52-week range
40.580 – 138.250
Market capitalization
29.15B USD
EPS
-4.70
Volume
2,968,208
Beta
7.67
ESG score
81.3/100Environment 100 · Social 72 · Governance 72
Sector
Technology
Industry
Software - Infrastructure
CEO
Michael N. Intrator
Employees
2K
IPO date
28 Mar 2025

Coreweave earnings

Next earnings · Q4 FY2026
EPS estimate
-0.64 USD
Revenue estimate
4.83B USD
Last quarter · Q3 FY2026
EPS-1.27Beat 0.0%Revenue3.66BBeat +3.3%

Revenue

ReportedEstimate

EPS

ReportedEstimate
PeriodReport dateEPS estimateReported EPSSurpriseEPS growthRevenue estimateReported revenueSurpriseRevenue growth
Q3 FY20280.50———11.72B———
Q2 FY20280.09———10.29B———
Q1 FY2028-0.27———9.37B———
Q4 FY2026-0.64———4.83B——+207.36%
Q3 FY2026-1.27-1.270.00%—3.54B3.66B+3.32%+168.27%
Q2 FY2026-1.21-1.03+14.88%—2.55B2.58B+0.80%+112.32%
Q1 FY2026-0.92-1.11-20.73%—1.97B2.08B+5.45%+111.69%
Q4 FY2025-0.50-0.56-11.66%—1.55B1.57B+1.46%—
Q3 FY2025-0.40-0.08+79.75%—1.29B1.36B+6.13%+133.70%
Q2 FY2025-0.23-0.27-16.40%—1.08B1.21B+12.11%—

Coreweave analyst forecast

12-month price target
114.04 USD
+114.72%

Analysts' 1-year price targets range from 45.00 to 200.00, with an average of 114.04.

Past year
1-year forecast
Strong sellStrong buy
Buy
27 ratings
Buy
19
Hold
6
Sell
2

12-month price target

Highest target200.00
Average target114.04
Lowest target45.00
Current price53.11

Coreweave valuation

Forward P/E (FY2028)
39.22
Price to sales (TTM)
2.95
Price to book
7.24
EV / EBITDA (TTM)
25.97

Capital structure

Market capitalization
29.15B USD
+
Total debt
66.22B USD
−
Cash and short-term investments
5.59B USD
=
Enterprise value
89.78B USD

Valuation over time

Fiscal yearP/EForward P/EP/SP/BEV/EBITDA
FY2028 (est.)39.22————
Now (TTM)——2.957.2425.97
FY2025-26.04—6.079.3423.11
FY2024-19.80—4.55-21.0837.46
FY2023-27.21—33.54-12.87-22.16
FY2022-520.16—459.230.000.00

Coreweave against its own history

Each figure in the latest fiscal year against the same figure from FY2021 to FY2025: the range, its median (the line) and the latest (the dot, green on the good side of the median). The P/E is today's against its daily readings of five years.

Its peers: Twilio, Zscaler, Okta, Corpay, VeriSign, and MongoDB, the US Software - Infrastructure companies closest to it in size, each in its own latest fiscal year: their median (the line) and its rank among them, first being the best.

  • Gross marginAbove its median71.7%
    23.4%74.3%
    Against its peers: 5 of 7Peers' median 74.3%
  • Operating marginAbove its median-0.9%
    -144.5%16.9%
    Against its peers: 5 of 7Peers' median 4.3%
  • Net marginHighest in 5 years-22.7%
    -259.4%-22.7%
    Against its peers: 7 of 7Peers' median 4.4%
  • Free cash flow marginHighest in 5 years-141.3%
    -484.9%-141.3%
    Against its peers: 7 of 7Peers' median 27.1%
  • Revenue growthLowest in 5 years167.9%
    167.9%1,346.6%
    Against its peers: 1 of 7Peers' median 13.8%
  • Current ratioAt its median0.46
    0.390.50
    Against its peers: 7 of 7Peers' median 1.53

Peers: US companies of the same industry (of its sector when the industry has too few) from a tenth to ten times its market value, the six closest in size. Updated weekly.

Coreweave growth and profitability

Revenue (TTM)
9.89B USD
Net income (TTM)
-2.53B USD
Gross margin
66.75%
Operating margin
-0.76%
Net margin
-25.56%

Revenue / Net income

Revenue Net income Net margin
PeriodRevenueGrowthNet incomeGrowthGross marginOperating marginNet marginEBITDAGrowth
FY20255.13B+167.94%-1.17B—71.68%-0.90%-22.74%2.47B+414.17%
FY20241.92B+736.24%-863.00M—74.26%16.92%-45.07%480.00M—
FY2023229.00M+1,346.62%-594.00M—69.87%-6.11%-259.39%-427.00M—
FY202215.83M—-31.06M—23.42%-144.54%-196.18%-13.88M—

Coreweave revenue breakdown

By region

FY2025
United States: 93.6%Non-US: 6.4%93.6%United States6.4%Non-US
RegionRevenueShare of revenueChange on the year
United States4.80B93.6%—
Non-US330.00M6.4%—

Coreweave financial health

Cash and short-term investments
5.59B USD
Total debt
66.22B USD
Net cash
-60.63B USD
Free cash flow (TTM)
-20.42B USD
Current ratio
0.44
Debt to equity
16.45
Piotroski score
2 / 9
Altman Z-score
0.09

Cash, debt and free cash flow

Cash and short-term investments Total debt Free cash flow
Fiscal yearCash and short-term investmentsTotal debtFree cash flow
FY20253.98B29.82B-7.25B
FY20241.36B10.62B-5.95B
FY2023219.52M2.00B-1.11B

Coreweave ownership

Institutions
75.82%
Institutional holders
1,130 (+228)
Free float
63.64%

Who owns the shares

Institutions 75.8% Others 24.2%
As of 30 Jun 2026

Shares free to trade

Free float 349.31M shares ·63.6% Closely held 199.56M shares ·36.4%

Closely held shares belong to insiders, founders and owners of more than 5%, and seldom change hands. The free float is the rest: the shares anyone can buy and sell.

Insider trading

QuarterPurchasesSalesShares acquiredShares disposed of
Q4 2026012150.02K228.12K
Q3 202607606.01M21.21M
Q2 20260153216.31M59.55M
Q1 202606625.82M12.51M

Shares outstanding

Basic shares Diluted shares Change in diluted shares
Fiscal yearBasic sharesDiluted sharesChange in diluted shares
FY2025435.00M435.00M+99.54%
FY2024218.00M218.00M+13.54%
FY2023192.00M192.00M+6.29%
FY2022181.74M180.63M—

Source: Financial Modeling Prep

Title: Coreweave Inc

Sector: Technology
Industry: Software - Infrastructure
CoreWeave is a modern cloud infrastructure company that offers Nvidia GPUs and other essential AI hardware with optimized efficiency to handle the most demanding AI training and inference workloads. Its cloud platform supports the development and use of foundational large language models and the delivery of next-generation AI applications to satisfy the growing demand for AI around the world.

Common questions about Coreweave stock