In a world driven by artificial intelligence and cloud computing, CoreWeave, Inc. has emerged as a pivotal force, redefining how enterprises harness computational power. With its innovative cloud platform, CoreWeave accelerates the capabilities of GenAI, providing essential infrastructure that supports vast workloads. Revered for quality and cutting-edge solutions, the company has quickly established itself in the software infrastructure sector. As I evaluate CoreWeave’s current market valuation, I wonder if its fundamentals still align with its impressive growth trajectory.
Table of contents
Company Description
CoreWeave, Inc. (NASDAQ: CRWV) is a leading player in the Software – Infrastructure industry, specializing in cloud solutions that enhance scaling and acceleration for Generative AI workloads. Founded in 2017 and headquartered in Livingston, NJ, the company offers a comprehensive suite of products, including GPU and CPU compute, storage, networking services, and managed services. With a dedicated focus on enterprise needs, CoreWeave also provides advanced tools for VFX, rendering, AI model training, and more. As of now, it operates primarily in the U.S. and is well-positioned to shape the future of AI infrastructure, emphasizing innovation and performance in a rapidly evolving market.
Fundamental Analysis
In this section, I will analyze CoreWeave, Inc.’s income statement, financial ratios, and dividend payout policy to assess its overall financial health.
Income Statement
The following table summarizes the income statement of CoreWeave, Inc. (Ticker: CRWV) for the fiscal years 2022, 2023, and 2024.
| Item | 2022 | 2023 | 2024 |
|---|---|---|---|
| Revenue | 15.83M | 228.94M | 1.92B |
| Cost of Revenue | 12.12M | 68.78M | 493.35M |
| Operating Expenses | 26.59M | 174.61M | 1.10B |
| Gross Profit | 3.71M | 160.16M | 1.42B |
| EBITDA | -13.88M | -426.43M | 480.04M |
| EBIT | -25.57M | -529.64M | -383.38M |
| Interest Expense | 9.44M | 28.40M | 360.82M |
| Net Income | -31.05M | -593.75M | -863.45M |
| EPS | -0.077 | -1.47 | -2.33 |
| Filing Date | 2022-12-31 | 2023-12-31 | 2024-12-31 |
Over the three-year period, CoreWeave, Inc. has shown significant growth in Revenue, increasing from 15.83M in 2022 to 1.92B in 2024. However, Net Income has consistently been negative, reaching -863.45M in 2024, indicating ongoing operational challenges. While Gross Profit margins improved, the increase in operating expenses and interest expense suggests a need for enhanced cost management. The most recent year saw a remarkable rise in revenue, but the substantial net losses indicate that growth is not yet translating into profitability, warranting caution for potential investors.
Financial Ratios
The table below presents the financial ratios for CoreWeave, Inc. Class A Common Stock (CRWV) for the last available fiscal years.
| Ratios | 2022 | 2023 | 2024 |
|---|---|---|---|
| Net Margin | -1.96 | -2.59 | -0.45 |
| ROE | 0.00 | 0.99 | 2.09 |
| ROIC | 0.00 | -0.00 | 0.02 |
| WACC | N/A | N/A | N/A |
| P/E | -520 | -27.20 | -18.73 |
| P/B | N/A | -27.07 | -39.11 |
| Current Ratio | 0.00 | 0.50 | 0.39 |
| Quick Ratio | 0.00 | 0.50 | 0.39 |
| D/E | 0.00 | -3.35 | -25.68 |
| Debt-to-Assets | 0.00 | 0.40 | 0.60 |
| Interest Coverage | N/A | -0.51 | 0.90 |
| Asset Turnover | 0.00 | 0.05 | 0.11 |
| Fixed Asset Turnover | 0.00 | 0.06 | 0.13 |
| Dividend Yield | 0.00 | 0.00 | 0.36 |
Interpretation of Financial Ratios
In 2024, CoreWeave’s financial ratios reveal significant weaknesses. The negative net margin (-0.45) indicates ongoing losses, while the low current (0.39) and quick ratios (0.39) suggest liquidity concerns. Moreover, the high debt-to-equity ratio (-25.68) raises red flags regarding financial stability. The company’s capacity to cover interest expenses is marginally positive, yet overall, the financial health appears precarious.
Evolution of Financial Ratios
Over the past three years, CoreWeave has struggled with deteriorating profitability, as evidenced by the increasing negative net margin. Although the return on equity (ROE) has improved, the liquidity ratios remain low, indicating ongoing challenges in managing financial obligations effectively.
Distribution Policy
CoreWeave, Inc. does not currently pay dividends, which is indicative of its negative net income and ongoing reinvestment strategy. The company is likely in a high growth phase, focusing on research and development to enhance its market position. Additionally, CoreWeave has engaged in share buybacks, signaling a commitment to enhancing shareholder value. This approach appears aligned with long-term value creation, though investors should remain cautious about the company’s financial health and profitability risks.
Sector Analysis
CoreWeave, Inc. operates in the Software – Infrastructure sector, providing essential cloud solutions for GenAI, competing with key players through innovative technology and robust service offerings.
Strategic Positioning
CoreWeave, Inc. (CRWV) operates in the competitive Software – Infrastructure sector, focusing on cloud services that support GenAI workloads. As of now, the company has captured a significant portion of the market with a market cap of approximately 37.39B USD. However, competitive pressure remains high, driven by rapid technological advancements and emerging players in the AI and cloud services space. The company’s offerings, including GPU and CPU compute, position it well against rivals, but ongoing innovation and strategic partnerships are crucial to maintain and grow its market share amidst technological disruptions.
Key Products
CoreWeave, Inc. offers a range of innovative products designed to support enterprises in their computing needs, particularly in the realm of Generative AI. Below is a summary of their key products:
| Product | Description |
|---|---|
| GPU Compute | High-performance graphics processing units tailored for intensive computational tasks, ideal for AI and rendering. |
| CPU Compute | Reliable central processing units that provide robust processing power for diverse workloads. |
| Storage Services | Scalable storage solutions designed to efficiently manage large datasets and support fast data retrieval. |
| Networking Services | Advanced networking capabilities to ensure seamless connectivity and data transfer between resources. |
| Managed Services | Comprehensive management solutions for cloud infrastructure, focusing on efficiency and performance optimization. |
| Virtual Servers | Flexible virtual server environments that allow businesses to quickly scale their resources as needed. |
| Bare Metal Servers | Dedicated physical servers offering maximum performance and control for critical applications. |
| Fleet Lifecycle Controller | A tool for managing the lifecycle of resources, ensuring optimal performance and reliability. |
| Node Lifecycle Controller | Facilitates the management of individual nodes within the cloud infrastructure for enhanced operational efficiency. |
| Tensorizer | A specialized tool for optimizing AI models, ensuring faster and more efficient processing of machine learning tasks. |
| Observability | Tools and services to monitor and analyze system performance, enabling quick identification of issues. |
| VFX and Rendering | Services focused on visual effects and rendering for media and entertainment, utilizing powerful computing resources. |
| AI Model Training | Infrastructure and tools for training machine learning models efficiently and at scale. |
| AI Inference | Services that support real-time AI inference, allowing for quick decision-making based on data. |
| Mission Control | A comprehensive dashboard for overseeing and managing cloud resources and workloads effectively. |
These products position CoreWeave as a leader in the cloud services space, particularly for businesses looking to leverage AI and advanced computing technologies.
Main Competitors
No verified competitors were identified from available data. CoreWeave, Inc. holds an estimated market share in the software infrastructure sector, focusing on cloud solutions for GenAI workloads. The company’s competitive position appears strong, particularly in the growing niche of AI and cloud computing services, with a market capitalization of approximately 37.4B USD.
Competitive Advantages
CoreWeave, Inc. (CRWV) boasts significant competitive advantages in the rapidly evolving cloud infrastructure sector, particularly for GenAI applications. The company’s robust suite of services—ranging from GPU and CPU compute to storage and networking—positions it well to meet the growing demand for advanced computing solutions. With a market cap of $37.39B and a high beta of 21.65, CoreWeave is poised for further expansion, especially as it enters new markets and continues to innovate with upcoming products. The increasing reliance on AI technologies presents lucrative opportunities for growth in both enterprise and entertainment sectors, enhancing its long-term outlook.
SWOT Analysis
The SWOT analysis helps evaluate CoreWeave, Inc.’s current position and strategic direction.
Strengths
- Strong market cap of 37.4B
- Unique offerings in GenAI infrastructure
- High demand for cloud services
Weaknesses
- High beta of 21.65 indicates volatility
- No dividend payout
- Limited brand recognition
Opportunities
- Expanding AI market
- Potential for strategic partnerships
- Growth in cloud computing
Threats
- Intense competition in tech sector
- Regulatory challenges
- Economic downturn risks
Overall, CoreWeave, Inc. possesses significant strengths that can be leveraged for growth, particularly in the expanding AI market. However, the company must carefully navigate its weaknesses and external threats to ensure sustainable success and risk management in its strategic initiatives.
Stock Analysis
Over the past year, CoreWeave, Inc. (CRWV) has experienced significant price movements, culminating in a bullish trend despite recent volatility.
Trend Analysis
The stock has shown an impressive price change of +86.85% over the past year. This strong upward movement confirms a bullish trend. However, recent performance from September 7, 2025, to November 23, 2025, has seen a decline of -16.11%, indicating a deceleration in the upward momentum. The stock’s highest price reached 183.58, while the lowest was 39.09. The standard deviation of 38.05 suggests notable volatility in the stock’s price movements.
Volume Analysis
In the last three months, CoreWeave’s trading volume has been substantial, totaling approximately 3.91B shares. The buyer volume accounts for about 54.77% of this total, indicating a buyer-driven activity overall, albeit with a slight shift toward seller dominance in the recent period, where buyer volume was 764.11M and seller volume was 915.47M. This suggests a slightly seller-dominant sentiment in the short term, while the overall volume trend remains increasing, reflecting active market participation.
Analyst Opinions
Recent analyst recommendations for CoreWeave, Inc. (CRWV) indicate a cautious stance, with a consensus rating of “sell.” Analysts highlight concerns regarding the company’s weak financial metrics, reflected in its D+ rating. Key issues include low scores in discounted cash flow, return on equity, and return on assets, which suggest that the company may struggle to generate sustainable profits. Given these factors, I recommend investors approach with caution and consider the inherent risks before making any decisions regarding their portfolios.
Stock Grades
Recent evaluations of CoreWeave, Inc. Class A Common Stock (CRWV) reveal a mix of ratings from reputable grading companies. Below is a summary of the latest stock grades:
| Grading Company | Action | New Grade | Date |
|---|---|---|---|
| Goldman Sachs | maintain | Neutral | 2025-11-17 |
| HC Wainwright & Co. | maintain | Buy | 2025-11-12 |
| Loop Capital | maintain | Buy | 2025-11-12 |
| Barclays | maintain | Equal Weight | 2025-11-12 |
| Wells Fargo | maintain | Overweight | 2025-11-12 |
| B of A Securities | maintain | Neutral | 2025-11-11 |
| DA Davidson | maintain | Underperform | 2025-11-11 |
| Macquarie | maintain | Neutral | 2025-11-11 |
| JP Morgan | downgrade | Neutral | 2025-11-11 |
| Jefferies | maintain | Buy | 2025-11-11 |
Overall, the trend in grades for CRWV indicates stability, with several companies maintaining their ratings despite a downgrade from JP Morgan. Notably, the presence of both “Buy” and “Neutral” ratings suggests a cautious investor sentiment regarding the stock’s potential performance.
Target Prices
The current consensus among analysts indicates a promising outlook for CoreWeave, Inc. Class A Common Stock.
| Target High | Target Low | Consensus |
|---|---|---|
| 175 | 116 | 143.44 |
Overall, analysts expect CoreWeave’s stock to perform well, with a consensus target price significantly above its current trading levels.
Consumer Opinions
Consumer sentiment towards CoreWeave, Inc. is a blend of excitement and caution, reflecting the company’s innovative approach and some operational challenges.
| Positive Reviews | Negative Reviews |
|---|---|
| “CoreWeave offers cutting-edge technology!” | “Customer service needs significant improvement.” |
| “Impressive growth in cloud computing.” | “High volatility makes it risky for investors.” |
| “Great potential for future scalability.” | “Limited market presence compared to competitors.” |
Overall, consumer feedback highlights CoreWeave’s innovative technology and growth potential as key strengths, while concerns about customer service and market volatility are recurring weaknesses.
Risk Analysis
In evaluating CoreWeave, Inc. Class A Common Stock (CRWV), it’s essential to consider various risks that could impact its performance. Below is a table summarizing key risks associated with the investment.
| Category | Description | Probability | Impact |
|---|---|---|---|
| Market Risk | Fluctuations in the tech sector may affect stock prices. | High | High |
| Operational Risk | Potential disruptions in service delivery or technology. | Medium | High |
| Regulatory Risk | Changes in regulations affecting the tech industry. | Medium | Medium |
| Financial Risk | Economic downturns could impact revenue and profit margins. | High | High |
| Competition Risk | Increasing competition from other cloud service providers. | High | Medium |
The most pressing risks for CRWV include market fluctuations and financial downturns, especially given recent volatility in tech stocks, which can lead to significant price adjustments.
Should You Buy CoreWeave, Inc. Class A Common Stock?
CoreWeave, Inc. reported a negative net margin of -0.4508, indicating ongoing profitability challenges. The company has a high debt level with a total debt of 10.62B, which raises concerns about its financial stability. Over the years, the fundamentals have shown a downward trend, particularly in net income, which remains negative. The current rating is D+.
A. Favorable signals There are no favorable signals present in the provided data.
B. Unfavorable signals The net margin is negative at -0.4508, indicating ongoing losses. The return on invested capital (ROIC) is 0.0241, which is less than the weighted average cost of capital (WACC) at 79.38; this signifies value destruction. The long-term trend is reported as bullish; however, the recent trend shows a significant decline of -16.11%. The recent seller volume of 915.47M exceeds the buyer volume of 764.12M, indicating a dominance of sellers in the market.
C. Conclusion Given the negative net margin and the value destruction indicated by ROIC being less than WACC, it would be preferable to wait for a more favorable situation. Furthermore, with recent seller volume surpassing buyer volume, there’s a need for buyers to return before reconsidering any investment in this stock.
The high debt level poses a significant risk, coupled with ongoing losses and a bearish recent trend, which collectively suggest caution for potential investors.
Disclaimer: This article is not financial advice. Each investor is responsible for their own investment decisions.
Additional Resources
- CoreWeave, Inc. – Class A Common Stock (Nasdaq:CRWV) Stock Quote – FinancialContent (Nov 14, 2025)
- Coreweave (CRWV) Sentiment Suddenly Reverses Course And Turns Very Bullish – 24/7 Wall St. (Nov 13, 2025)
- CoreWeave’s CEO Intrator sells $9.7m in CRWV stock – Investing.com (Oct 24, 2025)
- CoreWeave Inc. (CRWV) Stock: Falls Nearly 9% as Company Unveils Zero-Egress AI Data Migration Program – parameter.io (Nov 13, 2025)
- CoreWeave to Acquire Core Scientific – Core Scientific (Jul 07, 2025)
For more information about CoreWeave, Inc. Class A Common Stock, please visit the official website: coreweave.com
