📊 CRWV Key Takeaways
Investment Thesis
CoreWeave exhibits severe fundamental deterioration with a -22.7% net margin, -1.2B net loss, and negative free cash flow of -7.3B despite 167.9% revenue growth, indicating growth is not translating to profitability or cash generation. The company faces critical solvency concerns with a 0.46x current ratio, 6.41x debt-to-equity ratio, and 21.4B long-term debt against only 3.1B cash reserves, creating substantial refinancing risk. Negative operating margins, inability to cover interest expenses, and cash burn rate exceeding operating cash flow by 10B suggest the business model is fundamentally broken.
CRWV Strengths
- Exceptional revenue growth of 167.9% YoY demonstrates strong market demand and market share expansion
- Positive operating cash flow of 3.1B provides near-term liquidity cushion for debt service
- Large asset base of 49.3B indicates significant infrastructure and operational scale
CRWV Risks
- Massive negative free cash flow of -7.3B represents critical cash burn that exceeds operating cash flow, indicating unsustainable capital structure
- Dangerous leverage position with 6.41x debt-to-equity ratio and 21.4B long-term debt against 3.3B equity creates acute bankruptcy risk
- Severe profitability crisis with -22.7% net margin and negative operating margin of -0.9% despite massive revenue scale, suggesting structural cost problems
- Critically low current ratio of 0.46x indicates inability to cover short-term obligations and imminent liquidity crisis
- Negative interest coverage indicates inability to service debt from operations, relying entirely on asset liquidation or refinancing
Key Metrics to Watch
- Path to operating profitability and timeline to positive operating margins
- Free cash flow trajectory and when CapEx spending will normalize relative to cash generation
- Debt refinancing schedule and ability to extend maturity profile given negative cash flow
- Current ratio improvement and working capital management to address liquidity crisis
CRWV Financial Metrics
💡 AI Analyst Insight
The current ratio below 1.0x warrants monitoring of short-term liquidity.
CRWV Profitability Ratios
CRWV vs Technology Sector
How CoreWeave, Inc. compares to Technology sector averages
Sector benchmarks are approximate industry averages. Actual sector performance may vary.
CRWV Balance Sheet & Liquidity
CRWV 5-Year Financial Trend
5-Year Trend Summary: CoreWeave, Inc.'s revenue has remained relatively flat over the 5-year period, with a 0% decline. The most recent EPS of $-3.09 indicates the company is currently unprofitable.
CRWV Growth Metrics (YoY)
CRWV Quarterly Performance
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q3 2025 | $583.9M | -$110.1M | $-0.22 |
| Q2 2025 | $395.4M | -$129.2M | $-0.60 |
| Q1 2025 | $188.7M | -$129.2M | $-0.62 |
Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.
CRWV Capital Allocation
CRWV SEC Filings
Access official SEC EDGAR filings for CoreWeave, Inc. (CIK: 0001769628)
📋 Recent SEC Filings
❓ Frequently Asked Questions about CRWV
What is the AI rating for CRWV?
CoreWeave, Inc. (CRWV) has an AI rating of STRONG SELL with 92% confidence, based on fundamental analysis of SEC EDGAR filings.
What are CRWV's key strengths?
Exceptional revenue growth of 167.9% YoY demonstrates strong market demand and market share expansion. Positive operating cash flow of 3.1B provides near-term liquidity cushion for debt service.
What are the risks of investing in CRWV?
Massive negative free cash flow of -7.3B represents critical cash burn that exceeds operating cash flow, indicating unsustainable capital structure. Dangerous leverage position with 6.41x debt-to-equity ratio and 21.4B long-term debt against 3.3B equity creates acute bankruptcy risk.
What is CRWV's revenue and growth?
CoreWeave, Inc. reported revenue of $5.1B.
Does CRWV pay dividends?
CoreWeave, Inc. does not currently pay dividends.
Where can I find CRWV SEC filings?
Official SEC filings for CoreWeave, Inc. (CIK: 0001769628) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.
What is CRWV's EPS?
CoreWeave, Inc. has a diluted EPS of $-2.81.
How is the AI analysis conducted?
Our AI (Claude) analyzes publicly available SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports to evaluate financial health, profitability ratios, balance sheet strength, and growth metrics.