In today’s rapidly evolving technology landscape, CoreWeave, Inc. and Veritone, Inc. stand out as innovative players in the software infrastructure sector. Both companies leverage artificial intelligence to drive their growth—CoreWeave through cloud computing for AI workloads and Veritone via AI-powered data insights. This comparison explores their market positions and strategies to help you decide which stock could be the smarter addition to your investment portfolio. Let’s uncover which company holds the greatest promise for investors.
Table of contents
Companies Overview
I will begin the comparison between CoreWeave and Veritone by providing an overview of these two companies and their main differences.
CoreWeave Overview
CoreWeave, Inc. operates a cloud platform specializing in scaling, support, and acceleration for generative AI workloads. Positioned in the software infrastructure industry, it offers GPU and CPU compute, storage, networking, and managed services. Founded in 2017 and based in Livingston, NJ, CoreWeave supports compute-intensive tasks like AI model training and VFX rendering, serving enterprise clients with advanced infrastructure solutions.
Veritone Overview
Veritone, Inc. develops AI computing solutions through its aiWARE platform, which applies machine learning and cognitive processes to extract insights from structured and unstructured data. Operating in the software infrastructure sector, Veritone serves diverse markets including media, government, and legal. Founded in 2014 and headquartered in Denver, CO, it also provides media advertising agency services and targets clients requiring AI-driven analytics and optimization tools.
Key similarities and differences
Both CoreWeave and Veritone operate in the technology sector focused on software infrastructure and leverage AI in their offerings. CoreWeave primarily provides cloud infrastructure optimized for AI compute workloads, while Veritone emphasizes AI software platforms with various cognitive capabilities and advertising services. Their business models differ in CoreWeave’s focus on infrastructure provisioning versus Veritone’s AI platform and service-driven approach across multiple verticals.
Income Statement Comparison
Below is a comparison of key income statement metrics for CoreWeave, Inc. Class A Common Stock (CRWV) and Veritone, Inc. (VERI) for the fiscal year 2024.
| Metric | CoreWeave, Inc. Class A Common Stock (CRWV) | Veritone, Inc. (VERI) |
|---|---|---|
| Market Cap | 50.4B | 225M |
| Revenue | 1.92B | 92.6M |
| EBITDA | 480M | -58.8M |
| EBIT | -383M | -88.1M |
| Net Income | -863M | -37.4M |
| EPS | -2.33 | -0.98 |
| Fiscal Year | 2024 | 2024 |
Income Statement Interpretations
CoreWeave, Inc. Class A Common Stock
CoreWeave’s revenue surged dramatically from $15.8M in 2022 to $1.92B in 2024, reflecting strong growth momentum. Despite this, net income remained negative, widening to -$937.8M in 2024. The gross margin stayed robust at 74.24%, but EBIT and net margins were negative, indicating profitability challenges. The latest year showed slower EPS growth and persistent losses despite revenue expansion.
Veritone, Inc.
Veritone’s revenue declined slightly by 7.35% in 2024 to $92.6M from $100M in 2023, with net income losses narrowing to -$37.4M. Gross margin remained favorable at 70.58%, though EBIT margin stayed deeply negative at -95.13%. The company improved net margin and EPS growth in 2024, signaling some recovery despite overall negative profitability and shrinking revenue.
Which one has the stronger fundamentals?
Both CoreWeave and Veritone show favorable gross margins but struggle with negative EBIT and net margins. CoreWeave boasts exceptional revenue growth but suffers wider net losses and heavy interest expenses. Veritone experiences declining revenue but better net income improvement and EPS growth. Their fundamentals reflect distinct growth and profitability trade-offs, requiring cautious evaluation.
Financial Ratios Comparison
This table presents the latest key financial ratios for CoreWeave, Inc. Class A Common Stock (CRWV) and Veritone, Inc. (VERI) based on the fiscal year 2024 data, allowing a straightforward side-by-side comparison.
| Ratios | CoreWeave, Inc. (CRWV) | Veritone, Inc. (VERI) |
|---|---|---|
| ROE | 2.09% | -2.78% |
| ROIC | 2.08% | -58.27% |
| P/E | -18.73 | -3.34 |
| P/B | -39.11 | 9.27 |
| Current Ratio | 0.39 | 0.97 |
| Quick Ratio | 0.39 | 0.97 |
| D/E (Debt-to-Equity) | -25.68 | 8.91 |
| Debt-to-Assets | 59.56% | 60.54% |
| Interest Coverage | 0.90 | -7.31 |
| Asset Turnover | 0.11 | 0.47 |
| Fixed Asset Turnover | 0.13 | 8.51 |
| Payout Ratio | -6.69% | 0% |
| Dividend Yield | 0.36% | 0% |
Interpretation of the Ratios
CoreWeave, Inc. Class A Common Stock
CoreWeave exhibits predominantly unfavorable ratios, including a poor current ratio of 0.39 and negative interest coverage, indicating liquidity and debt servicing concerns. However, it shows a very strong ROE at 208.77%, suggesting efficient equity use. The company does not pay dividends, likely reflecting reinvestment in growth, given its negative free cash flow and high capital expenditures.
Veritone, Inc.
Veritone’s ratios are largely unfavorable, with a negative ROE of -277.91% and weak net margin of -40.36%, signaling operational challenges. Despite a decent fixed asset turnover of 8.51, liquidity remains tight with a current ratio below 1. The company also does not pay dividends, consistent with its ongoing losses and focus on R&D and expansion.
Which one has the best ratios?
CoreWeave shows a more favorable overall ratio profile than Veritone, supported by a positive ROE and slightly better valuation metrics. Both companies suffer from liquidity and profitability issues, but Veritone’s ratios are more severely negative, making CoreWeave comparatively stronger in this financial snapshot.
Strategic Positioning
This section compares the strategic positioning of CoreWeave and Veritone, focusing on market position, key segments, and exposure to technological disruption:
CoreWeave
- Positioned in cloud infrastructure with significant market cap but very high beta indicates volatility and competitive pressure.
- Focus on cloud platform services supporting GenAI, GPU/CPU compute, storage, and AI workloads infrastructure.
- Strong integration in cloud infrastructure for AI compute but no explicit mention of disruption risk.
Veritone
- Smaller market cap with moderate beta, facing competitive pressure in AI software and services.
- Diverse AI solutions including aiWARE platform, media advertising, and services across multiple sectors.
- AI-driven software and services exposed to rapid technological changes in machine learning and analytics.
CoreWeave vs Veritone Positioning
CoreWeave concentrates on cloud infrastructure for AI workloads, leveraging large-scale compute services, while Veritone offers diversified AI software and media-related services. CoreWeave’s scale contrasts with Veritone’s broader market reach, each with inherent operational volatility and competitive challenges.
Which has the best competitive advantage?
Both companies are currently value destroyers with ROIC below WACC; CoreWeave shows stable but unfavorable returns, while Veritone’s declining ROIC indicates worsening value destruction and weaker competitive advantage.
Stock Comparison
The stock prices of CoreWeave, Inc. Class A Common Stock (CRWV) and Veritone, Inc. (VERI) have exhibited significant growth over the past year, followed by recent declines, reflecting dynamic trading patterns and shifting investor sentiment.
Trend Analysis
CoreWeave, Inc. (CRWV) showed a strong bullish trend over the past 12 months with a 153.08% price increase, though recent months reveal a deceleration and a 24.29% decline, indicating a short-term bearish correction amid high volatility.
Veritone, Inc. (VERI) also experienced a bullish trend with a 147.22% gain over the last year, but recent data displays a 28.91% drop and deceleration in price growth, accompanied by low volatility and a mild downward slope.
Comparing both, CRWV outperformed VERI over the past year with the highest market return, despite both stocks facing similar recent downward adjustments in price trends.
Target Prices
Analysts present a mixed but generally optimistic target consensus for CoreWeave, Inc. and Veritone, Inc.
| Company | Target High | Target Low | Consensus |
|---|---|---|---|
| CoreWeave, Inc. Class A Common Stock | 175 | 68 | 115.79 |
| Veritone, Inc. | 10 | 9 | 9.5 |
For CoreWeave, the consensus target price of 115.79 suggests upside potential from the current 101.23 USD, reflecting confidence in its cloud infrastructure growth. Veritone’s consensus target at 9.5 USD nearly doubles its current price of 4.45 USD, indicating strong bullish expectations.
Analyst Opinions Comparison
This section compares analysts’ ratings and grades for CoreWeave, Inc. Class A Common Stock (CRWV) and Veritone, Inc. (VERI):
Rating Comparison
CRWV Rating
- Rating: D+; status rated as Very Favorable
- Discounted Cash Flow Score: 1, Very Unfavorable
- ROE Score: 1, Very Unfavorable
- ROA Score: 1, Very Unfavorable
- Debt To Equity Score: 1, Very Unfavorable
- Overall Score: 1, Very Unfavorable
VERI Rating
- Rating: C; status rated as Very Favorable
- Discounted Cash Flow Score: 5, Very Favorable
- ROE Score: 1, Very Unfavorable
- ROA Score: 1, Very Unfavorable
- Debt To Equity Score: 1, Very Unfavorable
- Overall Score: 2, Moderate
Which one is the best rated?
Based strictly on the provided data, VERI holds a better overall rating and a significantly higher discounted cash flow score than CRWV. However, both have equally low scores in ROE, ROA, and debt to equity, reflecting similar challenges in these areas.
Scores Comparison
Here is a comparison of the financial scores for CoreWeave and Veritone:
CRWV Scores
- Altman Z-Score: 0.80, indicating financial distress zone.
- Piotroski Score: 3, classified as very weak financial health.
VERI Scores
- Altman Z-Score: -0.07, indicating financial distress zone.
- Piotroski Score: 3, classified as very weak financial health.
Which company has the best scores?
Both CoreWeave and Veritone are in the distress zone according to the Altman Z-Score and share the same very weak Piotroski Score of 3. Neither shows stronger financial health based on these metrics.
Grades Comparison
The grades for CoreWeave, Inc. Class A Common Stock and Veritone, Inc. from various reputable grading companies are as follows:
CoreWeave, Inc. Class A Common Stock Grades
This table summarizes recent grades assigned by well-known financial institutions:
| Grading Company | Action | New Grade | Date |
|---|---|---|---|
| Barclays | Maintain | Equal Weight | 2026-01-12 |
| Wells Fargo | Maintain | Overweight | 2026-01-08 |
| Jefferies | Maintain | Buy | 2026-01-05 |
| DA Davidson | Upgrade | Neutral | 2026-01-05 |
| Goldman Sachs | Maintain | Neutral | 2025-11-17 |
| HC Wainwright & Co. | Maintain | Buy | 2025-11-12 |
| Wells Fargo | Maintain | Overweight | 2025-11-12 |
| Barclays | Maintain | Equal Weight | 2025-11-12 |
| Loop Capital | Maintain | Buy | 2025-11-12 |
| B of A Securities | Maintain | Neutral | 2025-11-11 |
CoreWeave’s grades show a balanced distribution between Buy, Neutral, and Overweight ratings, with several firms maintaining their previous positive outlooks.
Veritone, Inc. Grades
The following table presents recent grades from credible grading companies:
| Grading Company | Action | New Grade | Date |
|---|---|---|---|
| D. Boral Capital | Maintain | Buy | 2025-12-09 |
| D. Boral Capital | Maintain | Buy | 2025-12-04 |
| Needham | Maintain | Buy | 2025-12-02 |
| D. Boral Capital | Maintain | Buy | 2025-12-02 |
| D. Boral Capital | Maintain | Buy | 2025-11-07 |
| D. Boral Capital | Maintain | Buy | 2025-10-28 |
| HC Wainwright & Co. | Maintain | Buy | 2025-10-20 |
| D. Boral Capital | Maintain | Buy | 2025-10-15 |
| D. Boral Capital | Maintain | Buy | 2025-09-24 |
| D. Boral Capital | Maintain | Buy | 2025-09-09 |
Veritone’s grades consistently show a Buy rating across multiple evaluations, indicating strong positive sentiment by the grading firms.
Which company has the best grades?
Veritone, Inc. has received consistently positive Buy ratings from all grading companies, while CoreWeave, Inc. shows a more mixed profile including Neutral and Equal Weight grades. This could indicate stronger analyst confidence in Veritone’s prospects, potentially affecting investor sentiment and portfolio positioning.
Strengths and Weaknesses
Below is a comparative table highlighting key strengths and weaknesses of CoreWeave, Inc. (CRWV) and Veritone, Inc. (VERI) based on recent financial and operational data.
| Criterion | CoreWeave, Inc. (CRWV) | Veritone, Inc. (VERI) |
|---|---|---|
| Diversification | Limited product range; mainly focused on cloud GPU computing | More diversified across AI software, managed services, and licensing |
| Profitability | Negative net margin (-45.08%), but high ROE (208.77%) reflecting possible financial leverage | Negative net margin (-40.36%) and negative ROE (-277.91%) indicating ongoing losses |
| Innovation | Moderate innovation with focus on GPU cloud services, but no strong moat (unfavorable ROIC vs WACC) | AI-driven software and services, innovation challenged by declining ROIC |
| Global presence | Primarily US-focused with limited global market penetration | Broader reach with various AI product offerings, but financial instability limits global expansion |
| Market Share | Small niche in cloud GPU computing, no dominant market share | Competes in AI software and services, market share constrained by financial and operational challenges |
Key takeaways: Both companies face significant profitability and value creation challenges, with CRWV showing some financial leverage benefits and VERI suffering from declining returns and profitability. Diversification favors VERI, but both require cautious risk management before investment.
Risk Analysis
The table below summarizes key risks for CoreWeave, Inc. (CRWV) and Veritone, Inc. (VERI) based on their latest financial and operational data from 2024.
| Metric | CoreWeave, Inc. (CRWV) | Veritone, Inc. (VERI) |
|---|---|---|
| Market Risk | Very high beta (21.65), volatile price range (33.5-187) | High beta (2.05), volatile price range (1.22-9.42) |
| Debt level | High debt-to-assets (59.6%), poor interest coverage (-1.06) | High debt-to-assets (60.5%), very weak interest coverage (-7.3) |
| Regulatory Risk | Moderate; tech sector sensitive to data/privacy laws | Moderate; AI regulation evolving, potential compliance costs |
| Operational Risk | Low current ratio (0.39), weak liquidity | Low current ratio (0.97), borderline liquidity |
| Environmental Risk | Low; primarily software infrastructure | Low; software-focused with limited environmental impact |
| Geopolitical Risk | Moderate; US-based, exposure to global supply chains | Moderate; US-UK operations, geopolitical tensions possible |
CoreWeave faces extreme market risk due to its very high beta and financial distress signals, including weak liquidity and high leverage. Veritone also shows significant financial risk with poor profitability and debt coverage. Both companies operate in a regulatory environment that is evolving, especially around AI, which adds uncertainty. Investors should be cautious and prioritize risk management with these volatile and financially stressed tech firms.
Which Stock to Choose?
CoreWeave, Inc. Class A Common Stock (CRWV) shows strong revenue growth of over 11,999% from 2022 to 2024, with a favorable gross margin of 74.24%, yet it faces challenges in net margin (-45.08%) and debt levels. Its financial ratios reveal a mixed picture with 28.57% favorable and 71.43% unfavorable metrics, indicating value destruction despite a high return on equity (208.77%). The company’s rating is very favorable overall, but its Altman Z-Score (0.80) and Piotroski score (3) place it in a distress zone financially.
Veritone, Inc. (VERI) experienced a 60.53% revenue increase from 2020 to 2024 but reported a negative net margin of -40.36% and declining profitability. Its financial ratios are mostly unfavorable (78.57%), with a very unfavorable global assessment, including a negative ROE of -277.91%. Although rated very favorable, its Altman Z-Score is negative (-0.07), and Piotroski score is also low (3), signaling financial distress and weak operating performance.
Investors with a tolerance for risk and a focus on rapid growth might find CRWV’s strong revenue expansion and favorable income statement metrics appealing, despite its financial and debt challenges. Conversely, more cautious or value-oriented investors may view VERI’s deteriorating profitability and very unfavorable financial ratios as significant risks, though its moderate rating and price behavior could interest those seeking potential turnaround scenarios.
Disclaimer: Investment carries a risk of loss of initial capital. The past performance is not a reliable indicator of future results. Be sure to understand risks before making an investment decision.
Go Further
I encourage you to read the complete analyses of CoreWeave, Inc. Class A Common Stock and Veritone, Inc. to enhance your investment decisions:
