CoreWeave, Inc. (CRWV) AI Stock Analysis

CoreWeave, Inc. operates a cloud infrastructure platform focused on artificial intelligence. The CoreWeave Cloud platform pairs proprietary software with cloud services to automate and manage complex AI infrastructure at scale. It provides access to GPU and CPU compute, networking, alongside virtual and bare-metal servers. Offerings include storage services, managed Kubernetes, fleet lifecycle management tools, and runtime acceleration. Through Weights & Biases, CoreWeave provides an AI developer platform to build models and agents. Its infrastructure powers workloads such as machine learning, visual effects rendering, pixel streaming, and batch processing. Founded in 2017, the company is headquartered in Livingston, New Jersey.

Revenue grew from $15.8M in FY2022 to $229.0M in FY2023, representing revenue growth of 1346.6%. Top-line expansion continued in FY2024 with revenue rising 736.2% to $1.92B, and reached $5.13B in FY2025, an increase of 167.9%. Gross margin stood at 23.4% in FY2022, 69.9% in FY2023, 74.3% in FY2024, and 71.7% in FY2025. Operating margin shifted from -144.5% in FY2022 to 16.9% in FY2024 before settling at -0.9% in FY2025. Annual net income was -$31.1M in FY2022, -$594.0M in FY2023, -$863.0M in FY2024, and -$1.17B in FY2025. For the latest quarter ended June 30, 2026, quarterly revenue growth was 112.5% year-over-year, while TTM revenue stood at $7.59B with a net profit margin of -25.4%.

As of June 30, 2026, CoreWeave held cash and short-term investments of $6.41B against total debt of $51.61B, yielding net debt of $45.20B. Total assets stood at $77.07B with shareholders' equity of $5.02B, resulting in a debt-to-equity ratio of 10.27 and a current ratio of 0.46. In FY2025, operating cash flow reached $3.06B, while capital expenditures totaled $10.31B, leading to free cash flow of -$7.25B. During FY2025, the company also paid dividends of $29.0M.

CoreWeave trades at a price-to-sales multiple of 4.5x, below the median of its Nasdaq-100 Technology peers of 12.4x. Its enterprise value stands at $94.00B, reflecting an EV to EBITDA ratio of 23.9x compared to 32.8x for the peer median. The stock's price-to-book ratio is 9.5x. Over the past year, CoreWeave shares experienced a return of -56.7%, lagging the SPY 1-year return of 16.8%. The stock also trades at $61.39, which is -33.6% versus its 200-day average and close to its 52-week low of $59.51.

CoreWeave has analyst recommendations comprising 22 Strong Buy, 8 Buy, 8 Hold, 1 Sell, and 2 Strong Sell ratings. The mean price target is $140.58, representing an upside of 129.0% above the last close of $61.39. For the current fiscal year ending December 31, 2026, analysts estimate revenue of $12.87B and EPS of -$5.13. For the next fiscal year, 22 analysts project revenue of $26.34B and EPS of -$4.37. The company delivered 2 EPS beats in the last 4 quarters, with its next earnings date scheduled for November 9, 2026.

This page is an AI-written research summary of CoreWeave, Inc. (CRWV). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

Related: CRWV income statement, CRWV balance sheet, CRWV key metrics, CRWV analyst forecast, CRWV chart. See the CRWV stock overview for the latest quote and news.