Fundamental analysis · SEC EDGAR · TTM through 31/03/2026

Fundamental analysis of Coreweave, Inc.

CRWV · Nasdaq · Technology

Fundamental quality

DEMANDING

45

out of 100

Coreweave, Inc. is in full growth mode but not yet profitable: revenue is growing strongly (150% a year), but it doesn't translate into earnings yet. On fundamental quality it scores 45 out of 100, profiling it as a company with demanding fundamentals. Its weakest area is its profitability (net margin -25.6%). Whether it's cheap or expensive depends on the current price, which you can compute in the tool.

What the company does

CoreWeave is an AI-specialized cloud: it rents access to huge clusters of NVIDIA GPUs to those training and running models. It grew at unprecedented speed by financing chip purchases with debt.

What will shape its future

  • AI compute demand and the duration of its contracts versus the debt that finances them.
  • Customer concentration: a few giants (Microsoft, OpenAI) make up most of its revenue.
  • GPU depreciation: its assets lose value fast and must be constantly renewed.

Breakdown by area

I.Growth
95

Revenue growth: 150%

II.Profitability
19

Net margin: -25.6% · ROE: -33.5%

III.Financial health
22

Net debt/EBITDA: 7.55x · FCF: -170.5%

Source: SEC EDGAR · TTM through 31/03/2026

The score combines growth, profitability and financial strength. Here its growth weighs in its favor, while its profitability drags it down the most.

Key concepts

What do these metrics mean? Fundamental analysis · What is the P/E · What is EPS · What is ROE · Net & gross margin · Free cash flow

Strengths

  • Revenue growing strongly (150% annualized).

Risks and weaknesses

  • Very high leverage (net debt of 7.55× EBITDA): more exposed to rates and to a rough patch.
  • No profits over the last twelve months (negative EPS).
  • Losses over the last twelve months (net margin of -25.6%).
  • Negative free cash flow: the business burns cash.

Historical evolution

YearRevenueNet incomeFree cash flowNet debt
2023229-594-1,110-217
20241,915-863-5,9536,565
20255,131-1,167-7,25118,246

Between 2023 and 2025, revenue went from $229M to $5,131M (+2141%) and net income went from -$594M to -$1,167M (-96%).

Annual figures in millions of U.S. dollars ($M) per SEC filings. Net debt is total debt minus cash.

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Is Coreweave, Inc. cheap or expensive?

That depends on the current price. Look it up, enter it in the tool and get the full valuation verdict (P/E against its sector).

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Frequently asked questions

Is Coreweave, Inc. a good company to invest in?

In terms of business quality, Coreweave, Inc. scores 45 out of 100 in our analysis, placing it as a company with demanding fundamentals. That said, this isn't a recommendation: whether it's a good investment also depends on its current price and your goals.

Is Coreweave, Inc. a profitable company?

Over the last twelve months, no: Coreweave, Inc. posts a negative net margin (-25.6%).

Does Coreweave, Inc. have a lot of debt?

Yes, its leverage is high: net debt is 7.55 times its EBITDA, and it has been rising.

Is Coreweave, Inc. growing?

Its revenue has grown 150% annualized in recent years.

Does Coreweave, Inc. generate cash?

Over the last twelve months its free cash flow was negative.

The thresholds are general and the system doesn't judge qualitative factors. See the full methodology and use this analysis as a first filter, never as a final decision.

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