CoreWeave, Inc. (CRWV)
CoreWeave, Inc. operates as a cloud infrastructure technology company in the United States. The company offers CoreWeave Cloud platform that comprises proprietary software and cloud services that deliver the automation and efficiency needed to manage complex artificial intelligence (AI) infrastructure at scale. It also offers data and storage solutions, such as Local Object Transport Accelerator; infrastructure control solutions, including CoreWeave Kubernetes service; mission control services, including node, rack, and fleet lifecycle management; model and agent development tools comprising Weights & Biases, an AI developer platform; and runtime acceleration. In addition, the company offers graphics processing unit compute, CPU compute, networking services, managed services, and virtual and bare metal servers. Its services also include visual effects rendering, machine learning, pixel streaming, and batch processing. The company was formerly known as Atlantic Crypto Corporation and changed its name to CoreWeave, Inc. in December 2019. CoreWeave, Inc. was incorporated in 2017 and is based in Livingston, New Jersey.
- Symbol
- CRWV
- Exchange
- Nasdaq
- Sector
- Technology
- Industry
- Software - Infrastructure
- Market cap
- $48.54B
- 52 week range
- 60.55 - 153.2
Valuation
- Share price
- $87.72 (close of 2026-09-23)
- P/E (TTM)
- -26.78x
- Price to book
- 9.66x
- Price to free cash flow
- -3.55x
- Enterprise value
- $94.62B
- Book value per share
- $9.12
Price performance
| Period | Change |
|---|
| 1 day | +1.11% |
| 5 days | +5.24% |
| 1 month | -0.15% |
| 3 months | -17.03% |
| 6 months | +7.03% |
| Year to date | +22.50% |
| 1 year | -32.98% |
| All time | +119.30% |
Profitability and growth
- Return on equity
- -34.99%
- Return on invested capital
- -0.08%
- Return on assets
- -2.37%
- Return on capital employed
- -0.14%
- Gross margin
- 71.68%
- Net margin
- -22.74%
- EBITDA margin
- 46.93%
- Revenue growth
- 167.94%
- Net income growth
- -35.23%
- Free cash flow growth
- -21.80%
Cash flow and balance sheet
- Free cash flow yield (TTM)
- -28.13%
- Current ratio
- 0.46x
- Net debt to EBITDA
- 11.69x
Latest reported year
- Period end
- 2025-12-31
- Fiscal year
- 2025
- Revenue
- $5.13B
- Cost of revenue
- $1.45B
- Gross profit
- $3.68B
- EBITDA
- $2.41B
- Net income
- $-1.17B
- Earnings per share
- $-2.75
- Research and development
- $352.00M
- Shares outstanding
- 435.00M
Income statement by year
| Period end | Revenue | Gross profit | Net income | EPS |
|---|
| 2025-12-31 | $5.13B | $3.68B | $-1.17B | $-2.75 |
| 2024-12-31 | $1.92B | $1.42B | $-863.00M | $-4.30 |
| 2023-12-31 | $229.00M | $160.00M | $-594.00M | $-3.09 |
Margins and returns by year
| Period end | Gross margin | Net margin | Return on equity | Return on capital |
|---|
| 2025-12-31 | 71.68% | -22.74% | -34.99% | -0.08% |
| 2024-12-31 | 74.26% | -45.07% | 208.45% | 2.32% |
| 2023-12-31 | 69.87% | -259.39% | 99.50% | -1.18% |
Cash and debt by year
| Period end | Cash | Debt |
|---|
| 2025-12-31 | $3.13B | $14.66B |
| 2024-12-31 | $1.36B | $5.46B |
Free cash flow by year
| Period end | Free cash flow | Stock-based compensation |
|---|
| 2025-12-31 | $-7.25B | $630.00M |
| 2024-12-31 | $-5.95B | $31.00M |
| 2023-12-31 | $-1.11B | $15.00M |
Investor relations
Next earnings report
- Next confirmed report
- 2026-11-09
Past earnings dates
| Reported | Fiscal period | EPS estimate |
|---|
| 2026-08-11 | Jun/2026 | - |
| 2026-05-07 | - | - |
| 2026-02-26 | - | - |
| 2025-11-10 | - | - |
| 2025-08-12 | - | - |
| 2025-05-14 | - | - |
Filings and sources
- Company website
- coreweave.com
- SEC filings
- 10-K, 10-Q and 8-K on EDGAR
- Earnings calendar
- All upcoming reports
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