CoreWeave is a specialized AI cloud provider focused on GPU infrastructure for model training and inference. Its investment outlook turns on backlog quality, customer concentration, debt load, and whether AI compute demand stays supply constrained.
CoreWeave Inc. (CRWV) Stock Price & Market Analysis
CRWV · NASDAQ · Software - Infrastructure
Market closedLatest available session print
$54.24
▼ -$1.37(-2.46%)4:00 PM ET - vs previous closeQuote as of Oct 23, 2026, 4:00 PM EDT
Regular-session close · Oct 23, 2026, 4:00 PM EDT.
Last session11%
$54.01L Oct 23 '26$56.11H Oct 23 '26
52-week range1%
$53.50L Oct 22 '26$141.79H Oct 28 '25
Historical range: 2025-10-21–2026-10-23. Earlier trading may not be included.
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Data dates
PriceAt closeLast traded
FundamentalsLast checked
AnalystLast checked
NewsLatest item
What matters next
Next important events
- Nov 11, 2026Next earnings (est.)Estimated
Countdown
16 days out
Reported fundamentals
CRWV financial overview
Annual revenue
USD 5.13B
Sales for the fiscal year ended Dec 31, 2025. This is not trailing twelve-month revenue.
Revenue change
+167.9%
Change versus the fiscal year ended Dec 31, 2024.
Net profit margin
-22.7%
Net income divided by revenue for the fiscal year ended Dec 31, 2025. This is not the trailing margin.
These reported results describe the business’s recent scale and profitability. Compare cash generation and valuation before forming an investment view; historical growth is not a forecast.
Company · ProfileAbout CoreWeave Inc. (CRWV)Sector, leadership, and how CoreWeave Inc. earns its revenue.Technology
CoreWeave Inc.
NASDAQ · CRWV · US
Company overview.
- Sector
- Technology
- Industry
- Software - Infrastructure
- Headquarters
- Livingston, NJ, United States
- Country
- US
- Founded
- 2025
- Employees
- 2,189
- CEO
- Mr. Michael N. Intrator
- Exchange
- NASDAQ
How CoreWeave Inc. makes money
Business model
GPU cloud for AI workloads
CoreWeave rents accelerated compute capacity to AI labs, enterprises, and hyperscalers that need large clusters without building all infrastructure internally.
Visibility
Backlog is the central asset
Contracted backlog offers visibility into potential revenue. Compare it with profitability, financing needs, and the timing of customer commitments.
Financial debate
High growth with heavy leverage
CoreWeave can grow faster than mature cloud platforms, but financing GPU capacity creates balance-sheet pressure that investors must underwrite.
Competitive frame
Neocloud versus hyperscalers
The company competes with Nebius, Oracle, AWS, Azure, Google Cloud, and private AI infrastructure builds. Differentiation depends on delivery speed, GPU access, and customer trust.
Key takeaways for CRWV
CRWV is a pure AI-infrastructure execution story with unusually high visibility and unusually high capital intensity.
Backlog growth is positive only if margins, financing costs, and utilization remain healthy.
The biggest risk is not demand in isolation; it is whether demand arrives at prices that justify the debt-backed buildout.
Business model & operating evidenceExplore business exposure, reported operating measures and the evidence behind growth and profitability claims.
Narrative versus numbers
Demand is expanding
Supporting observation: 112.5%
Year-over-year growth in the latest quarter. This differs from the fiscal-year revenue change shown above. · 2026-06-30
Growth produces accounting profit
Contradicting observation: -25.4%
Reported-period net margin. A positive figure supports accounting profitability, not cash generation. · 2026-10-26T06:36:16.414Z
The business generates cash after investment
Contradicting observation: USD -5.74B
Latest free cash flow from the statement feed. It is not a forecast and may cover a different period from the fiscal-year figures above. · 2026-06-30
These are explicit tests of individual claims, not an overall bull/bear rating. Demand growth can coexist with valuation, concentration and financing risk.
Operating measures
- Revenue
- $2.58Bquarter ended Jun 30, 2026
- Operating margin
- -1.9%quarter ended Jun 30, 2026
- EPS
- -$1.14quarter ended Jun 30, 2026
- Capital expenditure
- $6.42Bquarter ended Jun 30, 2026
- Free cash flow
- -$5.74Bquarter ended Jun 30, 2026
- Free cash flow margin
- -223.0%quarter ended Jun 30, 2026
- Revenue growth year over year
- 112.5%quarter ended Jun 30, 2026
Competitors & comparisonsCompare industry peers, reporting periods and related funds. Business mix and valuation bases may differ.
Valuation & fund comparisonsExplore dated peer valuations, growth comparisons and related funds.
Governance & sustainability
Research tools
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