CRWV · NASDAQ · Software
CoreWeave, Inc. is a specialist cloud infrastructure company built for artificial intelligence, high-performance computing, and accelerated workloads.
Current price
$65.78
▼ −$12.03 (15.46%) today
ET&A View
Last reviewed 14 September 2026
ET&A sees significant upside from the current price with an attractive risk/reward profile.
CoreWeave has established itself as one of the most important independent providers of specialised AI computing infrastructure.
Business Health
Is the business financially healthy?
Some weaknesses
Revenue stands out. Watch earnings, margins, cash generation and the balance sheet.
Overall
Revenue
$7.6bn · ↑ +168% last year
Earnings
−$1.9bn · Loss-making
Margins
Losing money on its sales
Cash generation
Uses more cash than it brings in
Balance sheet
Debt ≈ 12.2 years of earnings
Investor View
Open a section for the detail behind the quick view.
CoreWeave has established itself as one of the most important independent providers of specialised AI computing infrastructure. Demand is exceptional, demonstrated by revenue growth above 100%, more than $100 billion of…
The complete ET&A view
See our full reasoning, what could drive the shares higher or go wrong, our Fair Value and Preferred Entry, and how our view has changed.
Reported annual results, newest first · Market data. “Growth” is the change in sales on the year before.
| Year | Revenue | Growth | Operating margin | Net income | EPS | Free cash flow |
|---|---|---|---|---|---|---|
| FY2025 | $5.1bn | +167.9% | −0.9% | −$1.2bn | −$2.81 | −$7.3bn |
| FY2024 | $1.9bn | +736.2% | 16.9% | −$863m | −$2.02 | −$6.0bn |
| FY2023 | $229m | +1346.6% | −6.1% | −$594m | −$1.47 | −$1.1bn |
| FY2022 | $16m | — | −144.5% | −$31m | −$0.08 | −$71m |
Long-term growth investors
Also suits: Adventurous investors comfortable with big swings
ET&A sees significant upside from the current price with an attractive risk/reward profile.
ET&A sees significant upside from the current price with an attractive risk/reward profile.
ET&A sees significant upside from the current price with an attractive risk/reward profile.
ET&A sees significant upside from the current price with an attractive risk/reward profile.
Compare CoreWeave Inc with any company → The model’s own peer calculations are in the Research View.
CoreWeave, Inc. is a specialist cloud infrastructure company built for artificial intelligence, high-performance computing, and accelerated workloads. The company provides GPU-based cloud computing, AI data centres, storage, networking, orchestration software, and managed infrastructure used by AI labs, enterprises, developers, and technology companies that need large-scale compute for training, inference, simulation, and other demanding workloads.
CoreWeave sits at the centre of the AI infrastructure boom. Rather than offering a general-purpose cloud like the traditional hyperscalers, the company focuses on purpose-built infrastructure for AI workloads, combining high-performance GPUs, dense data centre capacity, fast networking, and software designed to help customers deploy compute quickly and efficiently. As demand for AI training, inference, and cloud-based accelerated computing continues to grow, CoreWeave is positioned as one of the most prominent specialist providers of the physical and software infrastructure behind modern AI.
Software · USA
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As of 14 October 2026
Standard ways of comparing the share price with the company’s earnings, sales and cash. Tap the “i” for what each one means.
| Measure | Today | Source |
|---|---|---|
| P/E | Members | |
| Forward P/E | Members | |
| EV/EBITDA | Members | |
| Price/Sales | Members | |
| FCF Yield | Members |
Valuation ratios are part of ET&A membership.
Other published measures
Use the 5Y and Max ranges on the price chart at the top of the page.
Forecasts are market consensus or calculated from forward EPS — not ET&A estimates, and they can be wrong.
Powered by the ET&A Valuation FrameworkHow Fair Value & Preferred Entry work →
Read the full ET&A methodology →The ET&A View combines our assessment of the business with where today’s price sits against our Preferred Entry and Fair Value. It is a considered judgement, not a mechanical score.
ET&A Score: ET&A's overall assessment of business quality, valuation, growth and risk, out of 10. It weighs business quality, financial strength, growth, valuation, risk, future prospects.
Powered by the ET&A Company Assessment FrameworkSee the full framework →
The automatic, rules-based scores that feed our research. The ET&A Score blends these with our own analysis of the business and its value. How the framework works →
Highly profitable · Highly levered · Weak
Context — not part of the score
Valuation and share-price swings describe the shares, not the company, so they are judged in the ET&A Score and View instead.
Based on the factors that could be measured (45% of the model).
Each area is scored from 0 to 10 on ET&A’s methodology scales — the same ones our research uses — then given a word: Excellent from 8.5, Strong from 7, Good from 5.5, Average from 4.5, Below Average from 3, Weak below 3. The overall answer is the average of the areas we could rate (at least three); the dividend isn’t part of it.
| Area | Based on | Score | Rating |
|---|---|---|---|
| Revenue |
Rated on 3-year average revenue growth, on ET&A's growth scale. | 10.0 / 10 | Excellent |
| Earnings |
A loss-making company is always rated Weak for earnings. | 1.0 / 10 | Weak |
| Margins |
The average of operating and net margin, each scored on ET&A's margin scales. A negative margin scores 1 (Weak). | 1.0 / 10 | Weak |
| Cash generation |
Free cash flow as a share of sales, on ET&A's cash-generation scale. | 2.0 / 10 | Weak |
| Balance sheet |
Net debt ÷ EBITDA — roughly how many years of operating earnings would repay the debt — on ET&A's leverage scale. | 2.0 / 10 | Weak |
| Overall | Average of the 5 rated areas | 3.2 / 10 | Below Average |
Where each band starts on the scales above. They are fixed and identical for every company we cover; they come straight from ET&A’s methodology, so a company is judged the same way here as in our research.
| Measure | Excellent | Strong | Good | Average | Below Average | Weak |
|---|---|---|---|---|---|---|
| GrowthStructural Growth (Fundamental Conviction) | 18%+ | 10%+ | 5.0%+ | 1.7%+ | −2.5%+ | below −2.5% |
| Operating marginCompetitive Position (Fundamental Conviction) | 29%+ | 20%+ | 13%+ | 7.5%+ | 0%+ | below 0% (loss) |
| Net marginEarnings Durability (Fundamental Conviction) | 23%+ | 15%+ | 9.8%+ | 6.0%+ | 0%+ | below 0% (loss) |
| Free-cash-flow marginCapital Allocation (Fundamental Conviction) | 15%+ | 8.5%+ | 3.8%+ | 1.3%+ | −2.5%+ | below −2.5% |
| Net debt ÷ EBITDAStructural Risk (Fundamental Conviction) | net cash | ≤ 1.5× | ≤ 2.8× | ≤ 3.6× | ≤ 5.0× | above 5.0× |
| Return on equity (banks & insurers)Bank and insurer quality | 16%+ | 12%+ | 9.0%+ | 6.7%+ | 2.7%+ | below 2.7% |
| Equity ÷ assetsBank capital | 7.5%+ | 6.0%+ | 4.7%+ | 4.0%+ | any | — |
| Dividend yieldIncome factor (ET&A Quant Score) | 5.8%+ | 4.0%+ | 2.5%+ | 1.8%+ | 1.0%+ | below 1.0% |
Band floors: Excellent 8.5 · Strong 7 · Good 5.5 · Average 4.5 · Below Average 3 (scores out of 10). Utilities and property companies’ structural debt is scored 6.5, as in ET&A’s risk model.
No research notes have been published for CoreWeave Inc yet.
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What happens to the companies built around an endless AI infrastructure boom if the companies developing AI decide they no longer want to move quite so fast?
ET&A Research · 18 September 2026 · 11 min read
Nvidia delivered another substantial earnings beat in its fiscal second quarter, with revenue more than doubling year-on-year as demand for AI infrastructure continued to accelerate. Strong Data Center growth, the ramp-up of Vera Rubin and an unusually bullish outlook suggest the AI investment cycle still has considerable room to run, although supply constraints, rising memory costs and China remain important risks.
ET&A Research · 27 August 2026 · 7 min read
CoreWeave delivered another quarter of exceptional revenue growth, a rapidly expanding backlog and stronger guidance. But the scale of investment required to support that growth remains equally extraordinary, keeping debt, interest costs and capital expenditure at the centre of the investment debate.
ET&A Research · 12 August 2026 · 7 min read