CoreWeave, Inc. (CRWV)
CoreWeave, Inc. operates a specialized cloud computing platform designed to empower generative AI (GenAI) applications. It constructs the fundamental infrastructure necessary to manage intensive compute workloads for large enterprises. The company's comprehensive suite of offerings includes high-performance GPU and CPU compute resources, robust storage solutions, advanced networking capabilities, and fully managed services. Clients can choose from flexible virtual servers or powerful bare-metal options. Beyond core hardware, its platform integrates sophisticated tools like a fleet lifecycle controller, a node lifecycle controller, Tensorizer, and advanced observability features. CoreWeave's expertise also extends to specialized services, such as visual effects (VFX) and rendering, AI model training, AI inference, and "Mission Control." Originally incorporated in 2017 as Atlantic Crypto Corporation, the company rebranded to CoreWeave, Inc. in December 2019 and is headquartered in Livingston, New Jersey.
Sector: Services-Prepackaged Software
Industry: Software - Infrastructure
CoreWeave, Inc. Class A Common Stock
NASDAQ:CRWVTechnology · Software - Infrastructure
+6.28%$46.40
CLOSED · Nov 6Prev close$43.66+6.28%Close$46.40+0.31%AH close$46.54
AH$46.54+0.31%vs close
Mkt Cap$25.59B
Float388.39M
O/S551.54M
VOL59.43M sh
$ Vol$2.73B
RVOL0.87×
Inst Own63.3%
Dilution
Financials Summary
Revenue$5.13B
Net Income-$1.17B
Total Assets$49.3B
Free Cash Flow-$7.25B
Debt & Equity
Debt 90%
Equity 10%
Total Debt$29.82B
Total Equity$3.33B
Shares Outstanding
Short Interest
Split History1 split · 1 reverse
- 1:10,000Reverse splitNov 7, 201210,000 shares → 1
Balance Sheet Details
Assets$49.3B
Liabilities$45.97B
Accounts Receivable$3.17B
Accounts Payable$1.62B
Inventory$0
PP&E (Net)$38.79B
Goodwill$1.1B
Intangible Assets$235M
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Currency | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
| Revenue | $5.13B | $1.92B | $229M | $15.83M |
| YoY Growth | 167.9% | 736.2% | 1346.6% | - |
| Cost of Revenue | $1.45B | $493M | $69M | $12.12M |
| Gross Profit | $3.68B | $1.42B | $160M | $3.71M |
| Gross Margin | 71.7% | 74.3% | 69.9% | 23.4% |
| Research and Development | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $795M | $137M | $43M | $8.48M |
| Other | $2.93B | $961M | $131M | $18.11M |
| Total Operating Expenses | $3.72B | $1.1B | $174M | $26.59M |
| Operating Income (EBIT) | -$46M | $324M | -$14M | -$22.88M |
| Operating Margin | -0.9% | 16.9% | -6.1% | -144.5% |
| Interest Expense | $1.23B | $361M | $28M | $9.44M |
| Interest Income | $0 | $0 | $0 | $0 |
| Other Income (Expense) | -$1.17B | -$1.07B | -$544M | -$12.14M |
| Income Before Tax (EBT) | -$1.22B | -$744M | -$558M | -$35.02M |
| Income Tax Expense | -$48M | $119M | $36M | -$4.15M |
| Net Income | -$1.17B | -$863M | -$594M | -$31.05M |
| Net Income Margin | -22.7% | -45.1% | -259.4% | -196.2% |
| Supplementary Data | ||||
| EPS | -2.75 | -2.02 | -1.47 | -0.08 |
| Diluted EPS | -2.81 | -2.02 | -1.47 | -0.08 |
| Weighted Average OS | 435.00M | 218.00M | 192.00M | 181.74M |
| EBITDA | $2.47B | $480M | -$427M | -$13.88M |
| EBITDA Margin | 48.1% | 25.1% | -186.5% | -87.7% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|
| Currency | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
| Assets | |||
| Current Assets | |||
| Cash and Cash Equivalents | $3.95B | $1.36B | $217.15M |
| Short-Term Investments | $34M | $0 | $2.37M |
| Cash and Short-Term Investments | $3.98B | $1.36B | $219.51M |
| Accounts Receivable | $3.17B | $425.67M | $183.03M |
| Inventory | $0 | $0 | $0 |
| Other Current Assets | $207M | $62.1M | $45.11M |
| Total Current Assets | $7.49B | $1.92B | $501.99M |
| Long-Term Assets | |||
| Property, Plant & Equipment Net | $38.79B | $14.5B | $3.95B |
| Goodwill | $1.1B | $19.54M | $19.54M |
| Intangible Assets | $235M | $4.91M | $7M |
| Long-Term Investments | $0 | $102.22M | $42.09M |
| Deferred Tax Assets | $0 | $0 | $0 |
| Other Long-Term Assets | $1.69B | $1.29B | $460.39M |
| Total Long-Term Assets | $41.81B | $15.92B | $4.47B |
| Other Assets | $0 | $0 | $0 |
| Total Assets | $49.3B | $17.83B | $4.98B |
| Liabilities | |||
| Current Liabilities | |||
| Accounts Payable | $1.62B | $868.26M | $455.56M |
| Short-Term Debt | $7.17B | $2.47B | $171.87M |
| Current Income Tax Payable | $0 | $0 | $0 |
| Current Unearned Revenue | $1.71B | $768.93M | $249.83M |
| Other Current Liabilities | $5.93B | $230.24M | $97K |
| Total Current Liabilities | $16.44B | $4.96B | $998.46M |
| Long-Term Liabilities | |||
| Long-Term Debt | $14.66B | $5.46B | $1.35B |
| Long-Term Unearned Revenue | $6.48B | $3.29B | $1.75B |
| Long-Term Deferred Tax Liabilities | $115M | $149.23M | $36.45M |
| Other Long-Term Liabilities | $287M | $1.96B | $999.23M |
| Total Long-Term Liabilities | $29.53B | $13.28B | $4.58B |
| Other Liabilities | $0 | $0 | $0 |
| Total Liabilities | $45.97B | $18.25B | $5.57B |
| Stockholders' Equity | |||
| Preferred Stock | $0 | $0 | $0 |
| Common Stock | $0 | $1K | $1K |
| Retained Earnings | -$2.64B | -$1.48B | -$612.79M |
| Comprehensive Income & Other | $0 | $0 | -$148K |
| Other Stockholders' Equity | $5.98B | $1.06B | $16.2M |
| Total Equity | $3.33B | -$413.6M | -$596.59M |
| Minority Interest | $0 | $0 | $0 |
| Total Liabilities and Equity | $49.3B | $17.83B | $4.98B |
| Supplementary Data | |||
| Total Debt | $29.82B | $10.62B | $2B |
| Net Debt | $25.88B | $9.26B | $1.78B |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Currency | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
| Operating Activities | ||||
| Net Income | -$1.17B | -$863.45M | -$593.75M | -$30.87M |
| Depreciation & Amortization | $2.45B | $863.41M | $103.21M | $11.7M |
| Deferred Income Tax | -$53M | $112.78M | $35.82M | -$1.28M |
| Stock-Based Compensation | $630M | $31.49M | $15.15M | $1.49M |
| Changes in Working Capital: | ||||
| Accounts Receivable | -$2.75B | -$279.72M | -$162.41M | -$1.89M |
| Inventory | $0 | $0 | $0 | $0 |
| Accounts Payable | $253M | $510.57M | $0 | $0 |
| Other Working Capital | $3.13B | $1.45B | $1.86B | $9.8M |
| Total Working Capital Change | $632M | $1.68B | $1.7B | $7.91M |
| Other Non-Cash Items | $562M | $927.05M | $571.52M | $11.97M |
| Net Cash from Operating | $3.06B | $2.75B | $1.83B | $910K |
| Investing Activities | ||||
| Capital Expenditures | -$10.31B | -$8.7B | -$2.94B | -$72.4M |
| Acquisitions | -$108M | $0 | $0 | $0 |
| Purchases of Investments | -$47M | -$50M | -$33M | $0 |
| Sales of Investments | $43M | $187.69M | $5.69M | $7M |
| Other Investing Activities | $150M | -$93.67M | -$177.27M | -$13.78M |
| Net Cash from Investing | -$10.27B | -$8.66B | -$3.15B | -$79.18M |
| Financing Activities | ||||
| Debt Repaid | -$8.09B | -$6.43B | -$1.41B | -$86.94M |
| Common Stock Issuance | $1.51B | $0 | $14.84M | $0 |
| Common Stock Repurchases | $0 | -$1.47M | -$32.05M | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 |
| Other Financing Activities | -$264M | -$24.6M | -$29.48M | -$5.49M |
| Net Cash from Financing | $9.31B | $7.46B | $1.79B | $81.45M |
| Forex Effect | $452.52M | $0 | $0 | $0 |
| Net Change in Cash | $2.55B | $1.56B | $472.69M | $3.18M |
| Supplementary Data | ||||
| Operating Cash Flow | $3.06B | $2.75B | $1.83B | $910K |
| Capital Expenditure | -$10.31B | -$8.7B | -$2.94B | -$72.4M |
| Free Cash Flow | -$7.25B | -$5.95B | -$1.11B | -$71.49M |
| Cash at Beginning | $1.4B | $480.07M | $7.38M | $4.2M |
| Cash at End | $3.95B | $2.04B | $480.07M | $7.38M |