CRWV - CoreWeave, Inc. Class A Common Stock
Price:
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--
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CONSENSUS:
Buy
DETAILS
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PRICE TARGET:
$134.53
DETAILS
HIGH:
$192.00
LOW:
$67.00
MEDIAN:
$150.00
CONSENSUS:
$134.53
UPSIDE:
81.26%
| Metric | 2026 Q1 | 2025 Q4 | 2025 Q3 | 2025 Q2 | 2025 Q1 | 2024 Q4 | 2024 Q3 | 2024 Q2 | 2024 Q1 | 2023 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||
| Revenue | 2,078 | 1,571.9 | 1,364.7 | 1,212.8 | 981.6 | 747.4 | 583.9 | 395.4 | 188.7 | 116.0 |
| Cost of Revenue | 716 | 509.1 | 368.8 | 312.7 | 262.4 | 182.2 | 143.1 | 108.8 | 59.2 | 34.8 |
| Gross Profit | 1,362 | 1,062.8 | 995.9 | 900.1 | 719.2 | 565.3 | 440.8 | 286.5 | 129.5 | 81.1 |
| Operating Expenses | ||||||||||
| R&D Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| SG&A Expenses | 233 | 202.2 | 196.5 | 211.0 | 185.3 | 53.2 | 38.2 | 25.9 | 19.7 | 17.0 |
| Other Expenses | 1,273 | 950.2 | 747.5 | 669.9 | 561.4 | 399.4 | 285.5 | 182.9 | 92.9 | 65.9 |
| Operating Expenses | 1,506 | 1,152.4 | 944.0 | 880.9 | 746.7 | 452.6 | 323.7 | 208.8 | 112.6 | 83.0 |
| Operating Income | ||||||||||
| Operating Income | (144) | (89.6) | 51.9 | 19.2 | (27.5) | 112.7 | 117.1 | 77.7 | 16.8 | (1.8) |
| Interest Expense | (536) | 387.6 | 310.6 | 267.0 | 263.8 | 149.0 | 104.4 | 66.8 | 40.7 | 16.1 |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profitability | ||||||||||
| EBITDA | 1,027 | 741.8 | 704.2 | 583.7 | 438.7 | 485.1 | 40.3 | (51.6) | 6.3 | (85.0) |
| EBIT | (120) | (79.2) | 73.8 | 24.2 | (4.8) | 119.7 | (213.8) | (216.1) | (73.2) | (138.3) |
| Income Before Tax | (656) | (466.9) | (236.8) | (242.7) | (268.6) | (29.3) | (318.1) | (282.9) | (113.8) | (154.4) |
| Income Tax Expense | 84 | (15.1) | (126.7) | 47.8 | 46.0 | 22.0 | 41.7 | 40.2 | 15.4 | 16.2 |
| Net Income | (740) | (451.7) | (110.1) | (290.5) | (314.6) | (51.4) | (359.8) | (323.0) | (129.2) | (170.6) |
| Per Share Data | ||||||||||
| EPS (Basic) | -1.40 | -0.89 | -0.22 | -0.60 | -0.78 | -0.17 | -0.89 | -0.84 | -0.32 | -0.42 |
| EPS (Diluted) | -1.40 | -0.89 | -0.22 | -0.60 | -0.78 | -0.17 | -0.89 | -0.84 | -0.32 | -0.42 |
| Shares Outstanding | 527 | 435 | 497.9 | 486.6 | 404.4 | 404.4 | 435.5 | 403.7 | 403.7 | 403.7 |
| Metric | 2026 Q1 | 2025 Q4 | 2025 Q3 | 2025 Q2 | 2025 Q1 | 2024 Q4 | 2024 Q3 | 2023 Q4 |
|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||
| Cash & Cash Equivalents | 3,021 | 3,946 | 1,894.4 | 1,152.9 | 1,276.5 | 1,361.1 | 1,355.2 | 217.1 |
| Short-Term Investments | 22 | 34 | 47.4 | 0 | 0 | 0 | 1.2 | 2.4 |
| Net Receivables | 2,120 | 3,169 | 1,659.2 | 1,933.7 | 1,055.2 | 425.7 | 498.8 | 183.0 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Assets | 446 | 207 | 596.8 | 745.0 | 701.1 | 62.1 | 132.0 | 45.1 |
| Total Current Assets | 5,609 | 7,488 | 4,731.3 | 3,946.0 | 3,102.6 | 1,916.2 | 2,052.8 | 502.0 |
| Non-Current Assets | ||||||||
| Property, Plant & Equipment | 46,606 | 38,788 | 25,336.2 | 20,011.7 | 17,274.2 | 14,504.3 | 10,909.5 | 3,946.0 |
| Goodwill | 1,101 | 1,101 | 830.0 | 813.0 | 19.5 | 19.5 | 19.5 | 19.5 |
| Intangible Assets | 224 | 235 | 200.0 | 205.9 | 4.4 | 4.9 | 5.4 | 7.0 |
| Long-Term Investments | 0 | 0 | 0 | 174.2 | 102.2 | 102.2 | 100.7 | 42.1 |
| Other Non-Current Assets | 2,033 | 1,690 | 1,813.0 | 1,090.6 | 1,357.4 | 1,285.4 | 1,048.4 | 460.4 |
| Total Non-Current Assets | 49,964 | 41,814 | 28,179.2 | 22,295.4 | 18,757.7 | 15,916.4 | 12,083.5 | 4,475.0 |
| Total Assets | 55,573 | 49,302 | 32,910.5 | 26,241.4 | 21,860.4 | 17,832.6 | 14,136.4 | 4,977.0 |
| Current Liabilities | ||||||||
| Account Payables | 3,371 | 1,623 | 1,157.0 | 1,226.6 | 1,242.1 | 868.3 | 1,009.4 | 455.6 |
| Short-Term Debt | 8,057 | 7,173 | 3,712.2 | 3,627.7 | 3,776.6 | 2,468.4 | 1,005.4 | 171.9 |
| Deferred Revenue | 2,130 | 1,709 | 1,107.6 | 951.3 | 436.5 | 768.9 | 1,079.1 | 249.8 |
| Other Current Liabilities | 4,260 | 5,935 | 171.4 | 0.1 | 0 | 230.2 | 282.6 | 0.1 |
| Total Current Liabilities | 17,818 | 16,440 | 9,714.9 | 7,556.4 | 7,130.8 | 4,962.6 | 3,968.2 | 998.5 |
| Non-Current Liabilities | ||||||||
| Long-Term Debt | 17,312 | 14,665 | 10,322.8 | 7,423.8 | 4,935.1 | 5,457.9 | 3,445.7 | 1,351.4 |
| Deferred Tax Liabilities | 194 | 115 | 117.6 | 245.7 | 193.8 | 149.2 | 116.7 | 36.4 |
| Other Non-Current Liabilities | 319 | 287 | 270.1 | 127.0 | 33.3 | 1,958.5 | 1,940.9 | 999.2 |
| Total Non-Current Liabilities | 32,996 | 29,527 | 19,317.6 | 14,864.2 | 11,660.3 | 13,283.6 | 10,512.2 | 4,575.1 |
| Total Liabilities | 50,814 | 45,967 | 29,032.5 | 22,420.6 | 18,791.1 | 18,246.2 | 14,480.4 | 5,573.6 |
| Stockholders' Equity | ||||||||
| Common Stock | 0 | 0 | 0.0 | 1,163.2 | 1,163.2 | 0.0 | 0.0 | 0.0 |
| Retained Earnings | (3,383) | (2,643) | (2,191.5) | (2,081.4) | (1,790.9) | (1,476.2) | (1,424.9) | (612.8) |
| Accumulated Other Comprehensive Income | 5 | 0 | (1.3) | (0.3) | 0 | 0 | 0.0 | (0.1) |
| Total Stockholders' Equity | 4,759 | 3,335 | 3,878.0 | 3,820.8 | 3,069.3 | (413.6) | (344.0) | (596.6) |
| Total Liabilities & Equity | 55,573 | 49,302 | 32,910.5 | 26,241.4 | 21,860.4 | 17,832.6 | 14,136.4 | 4,977.0 |
| Debt Metrics | ||||||||
| Total Debt | 35,147 | 29,822 | 18,808.3 | 14,562.5 | 11,896.9 | 10,620.3 | 6,277.6 | 1,999.7 |
| Net Debt | 32,126 | 25,876 | 16,913.9 | 13,409.6 | 10,620.4 | 9,259.2 | 4,922.4 | 1,782.6 |
| Metric | 2026 Q1 | 2025 Q4 | 2025 Q3 | 2025 Q2 | 2025 Q1 | 2024 Q4 | 2024 Q3 | 2024 Q2 | 2024 Q1 | 2023 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Net Income | (740) | (452) | (110.1) | (290.5) | (314.6) | (51.4) | (359.8) | (323.0) | (129.2) | (170.6) |
| Depreciation & Amortization | 1,147 | 821 | 630.5 | 559.5 | 443.5 | 365.4 | 254.0 | 164.5 | 79.5 | 53.3 |
| Stock-Based Compensation | 0 | 157 | 144.4 | 145.0 | 184.0 | 8.0 | 7.6 | 7.7 | 8.2 | 8.1 |
| Change in Working Capital | 2,016 | 846.0 | 1,017.9 | (835.2) | (396.7) | (230.8) | 299.7 | (337.2) | 1,946.1 | (22.5) |
| Other Non-Cash Items | 482 | 203.0 | 134.5 | 123.7 | 100.4 | 62.9 | 402.6 | 341.7 | 119.8 | 159.1 |
| Operating Cash Flow | 2,984 | 1,559 | 1,689.1 | (251.3) | 61.2 | 186.7 | 641.2 | (117.8) | 2,039.0 | 43.6 |
| Investing Activities | ||||||||||
| Capital Expenditure | (7,695) | (4,060) | (2,388.9) | (2,453.0) | (1,407.4) | (3,497.8) | (1,215.2) | (2,247.2) | (1,741.9) | (1,180.1) |
| Acquisitions | 0 | (52) | (10.2) | (45.7) | 0 | 0 | 0 | 0 | 0 | 0 |
| Purchases of Investments | 0 | 0 | (47.2) | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Sales/Maturities of Investments | 12 | 14 | 0 | 0 | 29.3 | 91.8 | 47.2 | 48.7 | 0 | 0 |
| Other Investing Activities | (25) | 172 | (23.7) | 56.5 | (55) | (58.2) | (4.7) | (51.4) | (29.3) | (74.4) |
| Investing Cash Flow | (7,708) | (3,926) | (2,470.1) | (2,442.2) | (1,433.1) | (3,464.2) | (1,172.7) | (2,249.9) | (1,771.2) | (1,254.4) |
| Financing Activities | ||||||||||
| Net Debt Issuance | 1,955 | 3,552.2 | 1,716.4 | 2,307.5 | 513.9 | 3,468.4 | 1,217.9 | 817.0 | 926.7 | 1,250.9 |
| Stock Repurchased | 0 | 0 | 0 | 0 | 0 | 0 | (1.5) | 0 | 0 | (32.1) |
| Dividends Paid | 0 | (0.3) | 0 | (2.6) | (26.1) | (28.4) | (29.3) | 0 | 0 | 0 |
| Other Financing Activities | (26) | (1,448.9) | (1,456.0) | (1,567.7) | (56.5) | (50.3) | 25.8 | (24.7) | (32.2) | (4.3) |
| Financing Cash Flow | 3,914 | 3,528.9 | 1,696.1 | 2,229.2 | 1,853.9 | 3,391.3 | 1,213.6 | 1,940.3 | 919.5 | 1,214.5 |
| Cash Position | ||||||||||
| Net Change in Cash | (925) | 1,454.8 | 778.1 | (464.2) | 482.0 | (26.3) | 682.2 | (427.5) | 1,187.3 | 3.7 |
| Cash at Beginning | 3,946 | 2,491.2 | 1,713.1 | 2,517.8 | 2,035.8 | 1,424.8 | 1,239.9 | 1,667.4 | 480.1 | 476.4 |
| Cash at End | 3,021 | 3,946 | 2,491.2 | 2,053.6 | 2,517.8 | 1,398.5 | 1,922.0 | 1,239.9 | 1,667.4 | 480.1 |
| Free Cash Flow | (4,711) | (2,501) | (699.8) | (2,704.2) | (1,346.2) | (3,311.1) | (573.9) | (2,365.0) | 297.1 | (1,136.4) |
| Key Metrics | 2026 Q1 | 2025 Q4 | 2025 Q3 | 2025 Q2 | 2025 Q1 | 2024 Q4 | 2024 Q3 | 2024 Q2 | 2024 Q1 | 2023 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||||
| Revenue | 2,078 | 1,571.9 | 1,364.7 | 1,212.8 | 981.6 | 747.4 | 583.9 | 395.4 | 188.7 | 116.0 |
| Gross Profit | 1,362 | 1,062.8 | 995.9 | 900.1 | 719.2 | 565.3 | 440.8 | 286.5 | 129.5 | 81.1 |
| Operating Income | (144) | (89.6) | 51.9 | 19.2 | (27.5) | 112.7 | 117.1 | 77.7 | 16.8 | (1.8) |
| Net Income | (740) | (451.7) | (110.1) | (290.5) | (314.6) | (51.4) | (359.8) | (323.0) | (129.2) | (170.6) |
| EPS (Diluted) | -1.40 | -0.89 | -0.22 | -0.60 | -0.78 | -0.17 | -0.89 | -0.84 | -0.32 | -0.42 |
| Balance Sheet | ||||||||||
| Cash & Equivalents | 3,021 | 3,946 | 1,894.4 | 1,152.9 | 1,276.5 | 1,361.1 | 1,355.2 | 217.1 | ||
| Total Assets | 55,573 | 49,302 | 32,910.5 | 26,241.4 | 21,860.4 | 17,832.6 | 14,136.4 | 4,977.0 | ||
| Total Debt | 35,147 | 29,822 | 18,808.3 | 14,562.5 | 11,896.9 | 10,620.3 | 6,277.6 | 1,999.7 | ||
| Stockholders' Equity | 4,759 | 3,335 | 3,878.0 | 3,820.8 | 3,069.3 | (413.6) | (344.0) | (596.6) | ||
| Cash Flow | ||||||||||
| Operating Cash Flow | 2,984 | 1,559 | 1,689.1 | (251.3) | 61.2 | 186.7 | 641.2 | (117.8) | 2,039.0 | 43.6 |
| Capital Expenditure | (7,695) | (4,060) | (2,388.9) | (2,453.0) | (1,407.4) | (3,497.8) | (1,215.2) | (2,247.2) | (1,741.9) | (1,180.1) |
| Free Cash Flow | (4,711) | (2,501) | (699.8) | (2,704.2) | (1,346.2) | (3,311.1) | (573.9) | (2,365.0) | 297.1 | (1,136.4) |