CRWV Technology

CoreWeave, Inc.

$53.74+7.16%

Price as of close on Nov 3, 2026 · Financials updated Oct 8, 2026

Basics

Sector: Technology
Industry: Software - Infrastructure
Country: United States
Market cap: 29.6B USD
Enterprise value: 53.1B USD
Full-time employees: 2,189

Overall health

Strength: growing faster than most peersgrowing faster than peers
Drawback: less profitable than most peersless profitable than peers
Drawback: higher risk than most peers: less short-term liquidity (current ratio 0.46 vs a peer median of 1.83) and more debt relative to equity (5.22× vs a peer median of 0.25×)higher risk: less liquidity (current ratio 0.46 vs peers 1.83) and more debt vs equity (5.22× vs peers 0.25×)
About average: valuation

Ranks #1,166 of 1,612 technology companies (bottom 28%)

See how it ranks against its peers

Worth knowing

Much more borrowing than peers. Debt is 5.2× equity vs a peer median of 0.2×.Debt is 5.2× equity vs peers 0.2×.
Debt is 5.2× shareholders' equity, against a peer median of 0.2×, among the highest 10% of its peer group.Debt is 5.2× shareholders' equity, vs peers 0.2×, among the highest 10% of its peer group.
Valuation signals disagree. Cheaper than 71% of peers on operating cash profit (EBITDA), but only 0% on earnings.Cheaper than 71% of peers on operating cash profit, but only 0% on earnings.
Relative to its operating cash profit (EBITDA), CoreWeave looks cheaper than 71% of peers; relative to its earnings, cheaper than only 0%. The valuation score blends the two, so look at which measure fits this business best.Relative to its operating cash profit, CoreWeave looks cheaper than 71% of peers; relative to its earnings, cheaper than only 0%. The valuation score blends the two, so look at which measure fits this business best.
Growing fast, still losing money. Revenue grew faster than 95% of peers, at an operating loss.
Revenue grew faster than 95% of peers, but the business runs at an operating loss (margin -3.0%).

StockQuotient Score

39/ 100

Oct 5 38 → Nov 4 39 (+1)

Valuation

Is the price right?

46/100

Moderate

3/3 inputs reported · High confidence

Since last quarter: No major changeValuation also moves with the share price every day.

Why

Mixed versus peers:

▲ EBITDA yield
▼ Earnings yield
▼ FCF yield

Compare with peers

Behind the score

Sector-normalized EBITDA, earnings, and free cash flow yields.

Earnings yield-6.5%

SEC filings · 12 months to Jun 2026Negative (a loss or cash outflow), so it counts as zero whatever the share price30% base weight · Z-score -1.00Sector median: 0.0225 · MAD: 0.0225

EBITDA yield7.5%

SEC filings · 12 months to Jun 2026Reported value50% base weight · Z-score 0.90Sector median: 0.0423 · MAD: 0.0361

Free cash flow yield-46.1%

SEC filings · 12 months to Jun 2026 · operating cash flow − capital spendingNegative (a loss or cash outflow), so it counts as zero whatever the share price20% base weight · Z-score -1.00Sector median: 0.0274 · MAD: 0.0274

Other data (not scored)

Book yield17.0%

SEC filings · latest balance sheetReported valueInformational · 0% composite weightSector median: 0.3292 · MAD: 0.1754

Growth

Is it growing?

89/100

Strong

3/3 inputs reported · High confidence

Since last quarter: ▲ Stronger

12-month revenue up 21.9%

Why

Stronger than most peers on:

▲ 3-yr revenue
▲ Revenue growth

Compare with peers

Behind the score

Revenue and earnings-per-share growth over one year, and revenue growth over three years.

Earnings per share growthUnavailable

The loss per share widened33% base weight · Z-score -1.13Sector median: 0.1108 · MAD: 0.3050

3-year revenue growth586.9%

Yahoo Finance fallback · SEC figure unavailable or out of date · 3 fiscal years to Dec 2025Outlier capped at sector 5th/95th percentile33% base weight · Z-score 3.42Sector median: 0.0483 · MAD: 0.0793

Revenue growth115.3%

SEC filings · 12 months to Jun 2026Outlier capped at sector 5th/95th percentile33% base weight · Z-score 4.89Sector median: 0.0853 · MAD: 0.1017

Profitability

Does it earn well?

21/100

Weak

3/3 inputs reported · High confidence

Since last quarter: No major change

Why

Weaker than most peers on:

▼ ROA
▼ Operating margin
▼ ROIC

Compare with peers

Behind the score

Return on invested capital, operating margin, and return on assets.

Operating margin-3.0%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score -1.32Sector median: 0.0631 · MAD: 0.0710

Return on assets-2.5%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score -1.50Sector median: 0.0293 · MAD: 0.0362

Return on invested capital-0.7%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score -0.88Sector median: 0.0676 · MAD: 0.0857

Other data (not scored)

Gross margin67.4%

SEC filings · 12 months to Jun 2026Reported valueInformational · 0% composite weightSector median: 0.3343 · MAD: 0.1632

Return on equity-38.4%

SEC filings · 12 months to Jun 2026Reported valueInformational · 0% composite weightSector median: 0.0753 · MAD: 0.0889

Risk

Debt, liquidity, price swings

Higher

Higher relative risk

2/3 inputs reported · Partial data

Since last quarter: No major change

Why

Weaker than most peers on:

▼ Current ratio
▼ Debt / equity

Compare with peers

Behind the score

Relative to sector peers: 0 = lower relative risk · 1 = moderate · 2 = higher. Based on leverage, beta and liquidity.

BetaUnavailable

Missing · left out of the score · no sector data, so not countedNot counted · remaining weights rescaledSector median: 0.8710 · MAD: 0.3700

Current ratio0.46×

SEC filings · latest balance sheetOutlier capped at sector 5th/95th percentile33% base weight · Z-score -1.53Sector median: 1.8295 · MAD: 0.6848

Debt / equity5.22×

SEC filings · latest balance sheetOutlier capped at sector 5th/95th percentile33% base weight · Z-score -7.82Sector median: 0.2495 · MAD: 0.2270

Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.

Questions investors ask about CoreWeave

Is CoreWeave getting weaker?: Its latest SEC filing (Aug 12, 2026) showed no major changes. Its overall score is unchanged at 39/100 since Oct 28, 2026.
How is CoreWeave valued vs its peers?: Priced about in line with its peers. Valuation scores 46/100 against 1,711 technology peers. EBITDA yield 7.5% vs a peer median of 4.2% (stronger than 71% of peers).EBITDA yield 7.5% vs peers 4.2% (stronger than 71% of peers). Earnings yield -6.5% vs a peer median of 2.2% (weaker than 100% of peers).Earnings yield -6.5% vs peers 2.2% (weaker than 100% of peers).
Is CoreWeave growing?: Yes, faster than most of its peers. Growth scores 89/100 against 1,711 technology peers. 3-year revenue growth 586.9% vs a peer median of 4.8% (stronger than 95% of peers).3-year revenue growth 586.9% vs peers 4.8% (stronger than 95% of peers).
How profitable is CoreWeave?: Less profitable than most of its peers. Profitability scores 21/100 against 1,711 technology peers. Return on assets -2.5% vs a peer median of 2.9% (weaker than 83% of peers).Return on assets -2.5% vs peers 2.9% (weaker than 83% of peers).
How risky is CoreWeave?: Higher risk relative to 1,711 technology peers, judged on debt, liquidity and share-price swings. Current ratio 0.46× vs a peer median of 1.83× (weaker than 100% of peers).Current ratio 0.46× vs peers 1.83× (weaker than 100% of peers). A relative measure, not a bankruptcy probability.

Latest filing: what changed

Quarter ended Jun 30, 2026 · filed Aug 12, 2026 · compared with the quarter ended Mar 31, 2026

No major changes

	Previous quarter	Latest quarter	Change
Revenue (12 months)	6.2B USD	7.6B USD	+21.9%
Net income (12 months)	−1.6B USD	−1.9B USD	+21.1%
Operating margin	-2.6%	-3.0%	−0.4 pts
Free cash flow (12 months)	−10.6B USD	−13.7B USD	+28.6%
Debt	24.9B USD	24.9B USD	0.0%
Cash	2.2B USD	5.5B USD	+146.2%

From the company’s own SEC filings, as filed. Twelve-month figures roll forward one quarter at a time.

Industry valuation context

Industry: Software - Infrastructure · 71 companies

Valuations in Software - Infrastructure are above their usual range since 2016.

61% of months since 2016 were valued lower than now.
22% of companies are in the most expensive fifth of their own price-to-sales history.
Over 24 months, company values +19% and earnings +22% (medians): prices and earnings moved broadly together.
Median price-to-sales is +97% vs the whole market, against a usual +103%.

2016Shaded: most expensive fifth of its range2026

Financials

Fiscal years from SEC annual filings · change vs the prior year

Key ratios	FY 2023	FY 2024	FY 2025	Change
Gross margin	69.9%	74.3%	71.7%	▼ 2.6 pts
Operating margin	-6.1%	16.9%	-0.9%	▼ 18 pts
Net margin	-259.4%	-45.1%	-22.7%	▲ 22 pts
Return on assets (ROA)	—	-4.8%	-2.4%	▲ 2.5 pts
Return on equity (ROE)	—	—	-35.0%	—
Free cash flow margin	-484.7%	-310.9%	-141.3%	▲ 170 pts
Current ratio	—	0.39×	0.46×	▲ 18%
Debt to equity	—	—	6.41×	—
Interest coverage	-0.52×	0.93×	-0.04×	▼ 104%

CRWV price history

Price history is added with the daily price update and will appear after the next one.

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Bringing the fundamentals into focus…

Overall health

Strength: growing faster than most peersgrowing faster than peers

Drawback: less profitable than most peersless profitable than peers

Drawback: higher risk than most peers: less short-term liquidity (current ratio 0.46 vs a peer median of 1.83) and more debt relative to equity (5.22× vs a peer median of 0.25×)higher risk: less liquidity (current ratio 0.46 vs peers 1.83) and more debt vs equity (5.22× vs peers 0.25×)

About average: valuation

Ranks #1,166 of 1,612 technology companies (bottom 28%)

See how it ranks against its peers

Worth knowing

Much more borrowing than peers. Debt is 5.2× equity vs a peer median of 0.2×.Debt is 5.2× equity vs peers 0.2×.

Debt is 5.2× shareholders' equity, against a peer median of 0.2×, among the highest 10% of its peer group.Debt is 5.2× shareholders' equity, vs peers 0.2×, among the highest 10% of its peer group.

Valuation signals disagree. Cheaper than 71% of peers on operating cash profit (EBITDA), but only 0% on earnings.Cheaper than 71% of peers on operating cash profit, but only 0% on earnings.

Relative to its operating cash profit (EBITDA), CoreWeave looks cheaper than 71% of peers; relative to its earnings, cheaper than only 0%. The valuation score blends the two, so look at which measure fits this business best.Relative to its operating cash profit, CoreWeave looks cheaper than 71% of peers; relative to its earnings, cheaper than only 0%. The valuation score blends the two, so look at which measure fits this business best.

Growing fast, still losing money. Revenue grew faster than 95% of peers, at an operating loss.

Revenue grew faster than 95% of peers, but the business runs at an operating loss (margin -3.0%).

Questions investors ask about CoreWeave

Is CoreWeave getting weaker?

Its latest SEC filing (Aug 12, 2026) showed no major changes. Its overall score is unchanged at 39/100 since Oct 28, 2026.

How is CoreWeave valued vs its peers?

Priced about in line with its peers. Valuation scores 46/100 against 1,711 technology peers. EBITDA yield 7.5% vs a peer median of 4.2% (stronger than 71% of peers).EBITDA yield 7.5% vs peers 4.2% (stronger than 71% of peers). Earnings yield -6.5% vs a peer median of 2.2% (weaker than 100% of peers).Earnings yield -6.5% vs peers 2.2% (weaker than 100% of peers).

Is CoreWeave growing?

Yes, faster than most of its peers. Growth scores 89/100 against 1,711 technology peers. 3-year revenue growth 586.9% vs a peer median of 4.8% (stronger than 95% of peers).3-year revenue growth 586.9% vs peers 4.8% (stronger than 95% of peers).

How profitable is CoreWeave?

Less profitable than most of its peers. Profitability scores 21/100 against 1,711 technology peers. Return on assets -2.5% vs a peer median of 2.9% (weaker than 83% of peers).Return on assets -2.5% vs peers 2.9% (weaker than 83% of peers).

How risky is CoreWeave?

Higher risk relative to 1,711 technology peers, judged on debt, liquidity and share-price swings. Current ratio 0.46× vs a peer median of 1.83× (weaker than 100% of peers).Current ratio 0.46× vs peers 1.83× (weaker than 100% of peers). A relative measure, not a bankruptcy probability.

Previous quarter

Latest quarter

Change

Revenue (12 months)

6.2B USD

7.6B USD

+21.9%

Net income (12 months)

−1.6B USD

−1.9B USD

+21.1%

Operating margin

-2.6%

-3.0%

−0.4 pts

Free cash flow (12 months)

−10.6B USD

−13.7B USD

+28.6%

Debt

24.9B USD

24.9B USD

0.0%

Cash

2.2B USD

5.5B USD

+146.2%

Key ratios

FY 2023

FY 2024

FY 2025

Change

Gross margin

69.9%

74.3%

71.7%

▼ 2.6 pts

Operating margin

-6.1%

16.9%

-0.9%

▼ 18 pts

Net margin

-259.4%

-45.1%

-22.7%

▲ 22 pts

Return on assets (ROA)

—

-4.8%

-2.4%

▲ 2.5 pts

Return on equity (ROE)

—

-35.0%

—

Free cash flow margin

-484.7%

-310.9%

-141.3%

▲ 170 pts

Current ratio

—

0.39×

0.46×

▲ 18%

Debt to equity

—

6.41×

—

Interest coverage

-0.52×

0.93×

-0.04×

▼ 104%