CoreWeave, Inc. Class A Common Stock
- Open
- 70.71
- Day high
- 74.50
- Day low
- 68.51
- Prev close
- 72.91
- Volume
- 35.4M
- Mkt cap
- $39.8B
- P/E (TTM)
- —
- EPS (TTM)
- —
- P/B
- 8.4
- P/S
- 6.4
- Yield
- —
- Per share
- —
- ▼Insiders net selling -$159.0M over the last 3 months (0 open-market buys, 188 sales)
- 🏛Institutions accumulating (13F)
CoreWeave, Inc. Class A Common Stock (CRWV) is a Technology company listed on NASDAQ. The stock is down 40% over the past year. Over the trailing 3 months, insiders filed 0 open-market buys and 188 sales (SEC Form 4). Drillr has 5 published research articles covering CRWV.
CoreWeave, Inc. Class A Common Stock (CRWV) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 13 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
CRWV earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| May 7, 2026 | $-0.92 | $-1.11 | -20.7% | $2.1B | +5.5% |
| Aug 12, 2025 | $-0.23 | $-0.27 | -16.4% | $1.2B | +12.1% |
| May 14, 2025 | — | $-0.78 | — | $982M | — |
CRWV insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jul 8, 2026 | Boone Karendirector | Option | 1,480 | — |
| Jul 8, 2026 | McBee Branninofficer: Chief Development Officer | Sell | 39 | $87.11 |
| Jul 8, 2026 | McBee Branninofficer: Chief Development Officer | Sell | 664 | $85.75 |
| Jul 8, 2026 | McBee Branninofficer: Chief Development Officer | Sell | 5,526 | $85.75 |
| Jul 8, 2026 | McBee Branninofficer: Chief Development Officer | Sell | 1,896 | $83.09 |
| Jul 8, 2026 | McBee Branninofficer: Chief Development Officer | Sell | 2,763 | $85.75 |
| Jul 8, 2026 | McBee Branninofficer: Chief Development Officer | Sell | 15,979 | $86.40 |
| Jul 8, 2026 | McBee Branninofficer: Chief Development Officer | Sell | 31,833 | $85.75 |
| Jul 8, 2026 | McBee Branninofficer: Chief Development Officer | Sell | 25,566 | $86.40 |
| Jul 8, 2026 | McBee Branninofficer: Chief Development Officer | Sell | 40 | $84.31 |
| Jul 8, 2026 | McBee Branninofficer: Chief Development Officer | Sell | 24 | $83.07 |
| Jul 8, 2026 | McBee Branninofficer: Chief Development Officer | Sell | 1,917 | $86.40 |
| Jul 8, 2026 | McBee Branninofficer: Chief Development Officer | Sell | 319 | $86.40 |
| Jul 8, 2026 | McVeety Kristen Jofficer: GC and Secretary | Sell | 7 | $85.59 |
| Jul 8, 2026 | McVeety Kristen Jofficer: GC and Secretary | Sell | 2 | $83.36 |
Source: CRWV SEC Form 4 filings, latest Jul 8, 2026. For informational purposes only — not investment advice.
See the full CRWV insider & 13F page →CRWV research & analysis
CRWV Stock: GPU Rental Yield Economics Explained
CRWV unit economics under pressure as SMCI capital stress + TSM price hikes + DeepSeek benchmark all tighten GPU rental yield math.
NVDAMETA's $21B CoreWeave Deal Sends CRWV Up 15% — Is the Debt Risk Worth It?
CoreWeave stock surged 15% in five days after a $21B Meta infrastructure deal announcement on April 9, 2026, highlighting Meta's AI capex surge but raising execution risks amid CRWV's debt raises and lawsuits. Meta's robust $201B FY2025 revenue and $46B FCF position it well, trading at 25x P/E.
METACan Oracle's multi-cloud and sovereign cloud strategy take AI workload share from AWS and Azure?
Oracle's 66% cloud infrastructure growth, $523B RPO backlog, and 147+ sovereign cloud regions give it a differentiated wedge against AWS and Azure in the AI workload race. At 21.7x forward P/E — the cheapest among the five cloud players examined — ORCL offers the best risk/reward, though massive capex and negative free cash flow make execution the key risk.
ORCLAMZNMSFTHow does CoreWeave's GPU-as-a-service model threaten traditional hyperscaler economics?
CoreWeave's 168% revenue growth and $66.8B backlog make it a real force in GPU-as-a-service, but its model primarily threatens Oracle's similar GPU rental strategy rather than the broader hyperscaler ecosystem. AWS, Azure, and Google Cloud are insulated by platform breadth, custom silicon (Trainium, TPUs), and software lock-in — CoreWeave's $15B debt load and GPU depreciation risk remain its biggest vulnerabilities.
AMZNMSFTGOOGLWhich data center REITs benefit most as hyperscalers race to lock up AI-ready capacity?
Data center REITs are experiencing unprecedented demand as hyperscalers and GPU cloud providers race to lock up AI-ready capacity, with CoreWeave alone planning $30-35B in 2026 capex. Digital Realty offers the best risk-reward with its 5 GW power pipeline and record backlog, while Iron Mountain is the highest-upside dark horse with 30%+ data center revenue growth at a meaningful valuation discount to peers.
DLREQIXIRM
CoreWeave, Inc. Class A Common Stock company profile
Overview
CoreWeave, Inc. (NASDAQ:CRWV) is a cloud computing infrastructure company that emerged from an unusual origin story in the cryptocurrency mining space. Originally incorporated as Atlantic Crypto Corporation in 2017, the company pivoted from cryptocurrency mining to cloud computing and changed its name to CoreWeave in December 2019. Based in Livingston, New Jersey, CoreWeave has transformed into a specialized cloud platform provider focused on GPU-accelerated computing workloads, particularly those supporting generative artificial intelligence applications. The company went public in March 2025, capitalizing on the massive demand for AI infrastructure that has driven explosive revenue growth from $16 million in 2022 to nearly $2 billion in 2024.
Business
CoreWeave operates in the cloud computing infrastructure sector, specifically focusing on GPU-accelerated computing services that power artificial intelligence and high-performance computing workloads. Unlike traditional cloud providers that primarily offer general-purpose CPU computing, CoreWeave specializes in providing access to powerful Graphics Processing Units (GPUs) that are essential for training and running AI models, particularly large language models used in generative AI applications. The company's core offering centers around GPU compute services, which provide customers with on-demand access to high-performance graphics processors without requiring them to purchase and maintain expensive hardware. GPUs are particularly well-suited for AI workloads because they can perform thousands of calculations simultaneously, making them dramatically more efficient than traditional CPUs for machine learning tasks. CoreWeave's platform also includes CPU compute services, storage solutions, networking infrastructure, and managed services that help enterprises deploy and scale their AI applications. Beyond basic infrastructure, CoreWeave offers specialized services including AI model training and inference, which involves both the initial development of AI models and their deployment for real-world use. The company also provides services for visual effects and rendering workloads, which require similar high-performance computing capabilities. Their platform includes proprietary tools like fleet lifecycle controllers for managing hardware resources, tensorizer for optimizing AI model deployment, and comprehensive observability tools for monitoring system performance. The company operates primarily as a single business segment focused on cloud infrastructure, though their services span multiple use cases from AI development to high-performance computing applications across various industries.
Revenue model
CoreWeave generates revenue primarily through a usage-based pricing model for its cloud computing services. Customers pay for the computing resources they consume, including GPU hours, storage capacity, data transfer, and additional managed services. This model is similar to other cloud providers but specialized for high-performance computing workloads that command premium pricing due to the expensive underlying hardware. The company's primary customers are enterprises developing AI applications, including technology companies building large language models, startups creating AI-powered products, and established corporations integrating AI capabilities into their operations. These customers typically require significant computing power for training AI models or running inference at scale, making them willing to pay premium rates for specialized GPU infrastructure. Several factors can significantly impact CoreWeave's margins and profitability. GPU hardware costs represent a major expense, and the company's ability to secure favorable pricing from suppliers like NVIDIA directly affects profitability. The rapid pace of hardware innovation means CoreWeave must continuously invest in newer, more powerful GPUs to remain competitive, creating ongoing capital expenditure pressure. Utilization rates are critical since the company must maintain expensive hardware whether it's being used or not - higher utilization directly translates to better margins. Market demand for AI computing has been a significant tailwind, allowing CoreWeave to command premium pricing, but this could face pressure as more competitors enter the market or as hardware becomes more commoditized. Energy costs also play a crucial role since GPU computing is extremely power-intensive, making the company sensitive to electricity prices and the availability of efficient data center locations. The company's ability to secure long-term customer contracts and maintain high switching costs through specialized services and integrations helps protect margins from competitive pressure.
Competitive moat
CoreWeave's competitive moat appears moderately strong but potentially vulnerable to well-funded competition over time. The company's primary defensive advantage lies in its specialized expertise and early-mover advantage in GPU-accelerated cloud computing. Having pivoted early from cryptocurrency mining to AI infrastructure, CoreWeave developed deep technical knowledge about GPU optimization and management before the current AI boom, allowing them to build purpose-built infrastructure rather than retrofitting general-purpose cloud services. The company benefits from significant switching costs once customers integrate their AI workflows with CoreWeave's platform. Moving large AI models and associated data between cloud providers is expensive and time-consuming, and customers often develop dependencies on specific tools and optimizations. CoreWeave's proprietary management tools and specialized services create additional stickiness by making their platform more efficient for AI workloads than generic alternatives. However, the moat faces substantial threats from well-capitalized hyperscale cloud providers like Amazon Web Services, Microsoft Azure, and Google Cloud Platform, all of whom are aggressively expanding their AI infrastructure offerings. These giants have vastly superior financial resources to invest in cutting-edge hardware and can potentially offer competitive pricing through economies of scale. Additionally, hardware suppliers like NVIDIA could potentially integrate vertically or favor larger customers with better pricing and allocation priority. The company's moat is also challenged by the commoditization risk inherent in infrastructure services. As GPU cloud computing becomes more standardized and tooling improves, the technical barriers to entry may decrease. New entrants with innovative approaches to hardware efficiency, cooling, or software optimization could potentially leapfrog CoreWeave's current advantages. The company's long-term defensibility will likely depend on maintaining technological leadership and building deeper customer relationships through specialized services rather than just providing raw computing power.
Risks & safety
CoreWeave's margin of safety appears concerning from a traditional financial perspective despite strong revenue growth, reflecting the capital-intensive nature of scaling cloud infrastructure during a growth phase. **Cash and Solvency Concerns:** - Current ratio of 0.39 indicates potential short-term liquidity challenges with current liabilities significantly exceeding current assets - Free cash flow of negative $5.95 billion in 2024 demonstrates massive capital expenditure requirements for infrastructure buildout - Total liabilities of $18.2 billion exceed total assets of $17.8 billion, resulting in negative book value - However, $1.36 billion in cash provides some operational runway **Valuation Metrics:** - EV/EBITDA of 53x for full year 2024 represents extremely high valuation relative to current profitability - Revenue growth from $229 million (2023) to $1.92 billion (2024) shows explosive 737% year-over-year growth - Positive EBITDA of $480 million in 2024 indicates operational profitability despite net losses **Other Considerations:** - High growth trajectory and strong market demand for AI infrastructure may justify premium valuation - Capital-intensive business model typical for infrastructure companies during rapid expansion phases - Recent IPO provides access to public markets for additional capital raising if needed
Recent development
Based on the available financial data, CoreWeave has undergone dramatic transformation and scaling over the past few years, though specific strategic details are limited due to the absence of earnings call transcripts. The most striking development has been the company's explosive revenue growth, jumping from just $16 million in 2022 to $229 million in 2023, and then surging to nearly $2 billion in 2024 - representing over 700% year-over-year growth. This growth trajectory suggests CoreWeave successfully positioned itself at the center of the generative AI infrastructure boom that began gaining momentum in 2022-2023. The company appears to have made massive investments in expanding its GPU computing capacity, as evidenced by the substantial increase in total assets from $5 billion in 2023 to $17.8 billion in 2024, primarily reflecting significant capital expenditures on computing infrastructure. The transition from negative EBITDA of -$426 million in 2023 to positive EBITDA of $480 million in 2024 indicates that CoreWeave has achieved operational leverage as it scaled, suggesting their infrastructure investments are generating strong returns. The company's decision to go public in March 2025 represents a major strategic milestone, providing access to public capital markets to fund continued expansion and compete with well-funded hyperscale cloud providers. The dramatic improvement in financial metrics suggests CoreWeave has successfully evolved from a small cryptocurrency mining operation into a significant player in the AI infrastructure space, though the sustainability of this growth rate and the company's ability to maintain market position against larger competitors remains to be proven.
CRWV company profile · for informational purposes only — not investment advice.
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