CoreWeave, Inc.

CRWV· Nasdaq· Services-Prepackaged Software

Market cap
–
P/FCF
–
EV/Sales
–
FCF margin
-141.3%
ROIC, 5 yr avg
–
Revenue, 5 yr CAGR
–
We record prices for the companies we cover; CRWV is not one of them yet.

Company statistics

From the 10-Ks, computed in code · point at a figure for its formula

Profile · FY2025

Market cap
–
Enterprise value
–
Diluted shares
436.0M
Revenue
$5.1B
Free cash flow
-$7.3B
Owner earnings
-$7.9B

Valuation · FY2025

P/E
–
P/FCF
–
P/Owner earnings
–
EV/Sales
–
EV/FCF
–
P/B
–

Margins · FY2025

Gross
–
Operating
-0.9%
Net
-22.7%
Free cash flow
-141.3%
Owner earnings
-153.6%
Stock pay
12.3%

Returns

ROIC, FY2025
–
ROIC, 5 yr avg
–
ROE, FY2025
-35.0%
ROE, 5 yr avg
–

Growth (CAGR)

Revenue, 3 yr
–
Revenue, 5 yr
–
Revenue, 2 yr
373.4%
Diluted EPS, 3 yr
–
Diluted EPS, 5 yr
–
Diluted EPS, 2 yr
–
Free cash flow, 3 yr
–
Free cash flow, 5 yr
–
Free cash flow, 2 yr
–

Financial health · FY2025

Cash and investments
$3.2B
Total debt
$21.4B
Net debt
$18.2B
Debt/Equity
6.4x
Debt/FCF
–

Shareholder returns · FY2025

Dividend yield
–
Payout ratio
–
Buyback yield
–
Shareholder yield
–
Share count, 5 yr
–

Financials: ten years from the 10-Ks

Reported numbers open their filing · computed ones show the formula · ˢ split-adjusted

Revenue

$5.1B

+373.4% a year over 2 years

FY2023: Revenue $229.0MFY2024: Revenue $1.9BFY2025: Revenue $5.1B
FY2023FY2025

Margins

Operating-0.9%Net-22.7%

FY2025

FY2023: Operating -6.1%, Net -259.4%FY2024: Operating 16.9%, Net -45.1%FY2025: Operating -0.9%, Net -22.7%
FY2023FY2025

Free cash flow and owner earnings

Free cash flow-$7.3BOwner earnings-$7.9B

FY2025

FY2023: Free cash flow -$1.1B, Owner earnings -$1.1BFY2024: Free cash flow -$6.0B, Owner earnings -$6.0BFY2025: Free cash flow -$7.3B, Owner earnings -$7.9B
FY2023FY2025

Diluted shares

436.0M

+127.1% over 2 years, net dilution

FY2023: Diluted shares 192.0MFY2024: Diluted shares 218.0MFY2025: Diluted shares 436.0M
FY2023FY2025

Net debt (below zero)

-$18.2B

$18.2B more debt than cash

FY2023: Net cash –FY2024: Net cash -$6.6BFY2025: Net cash -$18.2B
FY2023FY2025

Every figure, year by year

Fiscal yearFY2023FY2024FY2025
The business
Revenue$229.0M$1.9B$5.1B
Revenue growth–736.2%167.9%
Gross margin–––
Operating margin-6.1%16.9%-0.9%
Net income-$594.0M-$863.0M-$1.2B
Net margin-259.4%-45.1%-22.7%
Diluted EPS$-3.09$-4.30$-2.81
Return on invested capital?–––
Cash
Operating cash flow$1.8B$2.7B$3.1B
Capital expenditure$2.9B$8.7B$10.3B
Free cash flow-$1.1B-$6.0B-$7.3B
Stock-based compensation$15.0M$31.0M$630.0M
Owner earnings?-$1.1B-$6.0B-$7.9B
Free cash flow per share$-5.78$-27.31$-16.63
Capital allocation
Dividends paid–––
Share repurchases–––
Diluted shares192.0M218.0M436.0M
Share count change?–13.5%100.0%
Balance sheet
Cash and equivalents$217.0M$1.4B$3.1B
Short-term investments–$0$34.0M
Total debt–$7.9B$21.4B
Net debt–$6.6B$18.2B
Shareholders' equity-$597.0M-$414.0M$3.3B

Latest filings

All on EDGAR
2026-08-1210-QQuarterly report
2026-08-118-KEarnings release
2026-05-0810-QQuarterly report
2026-05-078-KEarnings release
2026-04-22DEF 14AProxy statement
2026-03-0210-KAnnual report
2026-02-268-KEarnings release
2025-11-1310-QQuarterly report
2025-11-108-KEarnings release
2025-08-1310-QQuarterly report

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