CRWV CoreWeave

XNGS Down Alert

Technology

· How we analyze

About the company

CoreWeave runs data centers with very large numbers of graphics processors and rents out the computing power as a cloud service, mainly for training and running AI models. Customers include large technology and AI companies. The stock has been listed on the Nasdaq since 2025. As of Oct 16, 2026

Fact sheet (from the annual report) Software (packaged programs) · Livingston, USA

CoreWeave runs a cloud platform tailored specifically to artificial intelligence applications. Customers use it to obtain computing power, storage and tools to develop, deploy and run their own models. Its customers include research labs as well as enterprises. The platform runs in purpose-built, interconnected data centers in the United States, Europe and Canada. The company mostly leases the data centers from partners and negotiates leases for new sites as well as renewals of existing leases. Its offering also includes its own management software such as Mission Control and developer tools from Weights & Biases.

Automatically summarized from SEC annual report (10-K, filed Mar 2, 2026) (website of the US Securities and Exchange Commission) · reviewed Oct 17, 2026

What the methods say about CoreWeave

Calculated automatically by fixed rules – not investment advice, check for yourself. How we analyze

Price performance at a glance

Last 30 trading days
  • Today +7.9%
  • 7 days −4.1%
  • 30 days −32.0%
  • 1 year −56.2%
Day range (last trading day)
−7.1%Price at 92% of the range+0.6%
52-week range
−14.0%Price at 9% of the range+138.0%
Distance from the all-time high
−68.1%

Our own calculation from the exchange’s daily candles, as of Oct 27, 2026. “All-time” applies since the start of this series, not to the whole market. Changes in percent; the TradingView chart shows prices. “Today” = change of the last trading day versus the previous day. Not investment advice.

Fundamental analysis

CoreWeave · Sector Technology · amounts in USD

Information only – does not affect the other analysis methods, not investment advice. Source: SEC filings, As of Mar 2, 2026.

Quality checks

Four angles on the annual figures. Each check counts how many disclosed criteria are met – criteria without data do not count. The bars show where the company ranks on each figure among the stocks we cover and within its sector.

Fiscal year to Dec 31, 2025

Quality 1 of 7 met · 1 without data

  • met: Gross margin above 40% 71.7%
  • not met: Operating margin above 15% −0.9%
  • not met: Net margin above 10% −22.7%
  • not met: Return on equity above 15% −35.0%
  • not met: Free cash flow margin above 10% −141.3%
  • no data: Profit in each of the last 5 fiscal years fewer than 5 fiscal years reported
  • not met: Free cash flow positive in each of the last 3 fiscal years 0 of 3
  • not met: Equity ratio above 30% 6.8%
Gross margin

71.7% Fiscal year 2025

Rank 84 of 100: higher than 84% of 153 peers (All). strong.

Rank 80 of 100: higher than 80% of 57 peers (Sector). strong.

Median Technology: 56.1%

Share of revenue left after the direct cost of the products sold.

Operating margin

−0.9% Fiscal year 2025

Rank 21 of 100: higher than 21% of 192 peers (All). weak.

Rank 36 of 100: higher than 36% of 60 peers (Sector). medium.

Median Technology: 14.2%

Operating income divided by revenue: what the core business earns before interest and taxes.

Net margin

−22.7% Fiscal year 2025

Rank 12 of 100: higher than 12% of 237 peers (All). weak.

Rank 25 of 100: higher than 25% of 63 peers (Sector). weak.

Median Technology: 12.5%

Profit after all costs, interest and taxes divided by revenue.

Return on equity

−35.0% Fiscal year 2025

Rank 6 of 100: higher than 6% of 218 peers (All). weak.

Rank 12 of 100: higher than 12% of 61 peers (Sector). weak.

Median Technology: 13.5%

Net income divided by equity at fiscal year end.

Return on assets

−2.4% Fiscal year 2025 (total assets at year end)

Rank 14 of 100: higher than 14% of 238 peers (All). weak.

Rank 25 of 100: higher than 25% of 63 peers (Sector). weak.

Median Technology: 5.9%

Net income divided by total assets at fiscal year end.

Equity ratio

6.8% Fiscal year 2025

Rank 9 of 100: higher than 9% of 239 peers (All). weak.

Rank 4 of 100: higher than 4% of 63 peers (Sector). weak.

Median Technology: 51.6%

Equity as a share of total assets. Usually low for banks.

Free cash flow margin

−141.3% Fiscal year 2025

Rank 6 of 100: higher than 6% of 213 peers (All). weak.

Rank 10 of 100: higher than 10% of 62 peers (Sector). weak.

Median Technology: 19.0%

Free cash flow divided by revenue.

Free cash flow

−7.3B USD Fiscal year 2025

Operating cash flow minus capital expenditure on property and equipment.

Growth 1 of 1 met · 6 without data

  • no data: Over 3 years, revenue grew by more than 5% per year no comparable figures over 3 years
  • no data: Over 5 years, revenue grew by more than 5% per year no comparable figures over 5 years
  • no data: Over 10 years, revenue grew by more than 5% per year no comparable figures over 10 years
  • no data: Over 3 years, EPS grew by more than 5% per year not computable (loss in the first or last year, or figures missing)
  • no data: Over 5 years, EPS grew by more than 5% per year not computable (loss in the first or last year, or figures missing)
  • no data: Revenue rose in at least 4 of the last 5 fiscal years fewer than 6 fiscal years reported
  • met: Revenue rose in the last fiscal year +167.9%

Dividend 0 of 1 met · 6 without data

  • not met: Pays a dividend no dividend per share reported for the last fiscal year
  • no data: Payout ratio at most 60% of earnings pays no dividend
  • no data: Dividend paid in each of the last 5 fiscal years pays no dividend
  • no data: Dividend per share never lowered in the last 5 fiscal years pays no dividend
  • no data: Dividend per share higher than 5 years ago pays no dividend
  • no data: Free cash flow per share covers the dividend pays no dividend
  • no data: Dividends paid over the last 5 years covered by free cash flow pays no dividend

Financial strength 1 of 5 met · 1 without data

  • not met: Piotroski F-Score at least 7 of 9 4 of 7 · 2 without data
  • not met: Long-term debt no higher than equity 6.41
  • not met: Current assets cover current liabilities 0.46
  • met: Positive equity 3.3B USD
  • no data: In 5 years, share count up by at most 5% no comparable share count 5 years ago
  • not met: Free cash flow positive in the last fiscal year −7.3B USD
Piotroski F-Score

4 of 7 Fiscal year 2025

No rank: not all 9 criteria have data.

Nine yes/no tests on profit, cash flow, debt, liquidity and efficiency compared with the prior year.

Debt / equity

6.41 at fiscal year end

Rank 2 of 100: lower than 2% of 199 peers (All). weak.

Rank 3 of 100: lower than 3% of 54 peers (Sector). weak.

Median Technology: 0.41

Long-term financial debt divided by equity.

Liquidity (current ratio)

0.46 at fiscal year end

Rank 2 of 100: higher than 2% of 215 peers (All). weak.

Rank 1 of 100: higher than 1% of 63 peers (Sector). weak.

Median Technology: 2.02

Current assets divided by current liabilities.

The 9 criteria of the Piotroski F-Score
  • not met: Profit in the last fiscal year (positive return on assets)
  • met: Positive operating cash flow
  • no data: Return on assets higher than the prior year
  • met: Operating cash flow higher than net income
  • met: Long-term debt relative to total assets fell
  • met: Liquidity (current assets / current liabilities) rose
  • not met: No additional shares (diluted share count did not rise)
  • not met: Gross margin higher than the prior year
  • no data: Revenue relative to total assets higher than the prior year

Last fiscal year compared with the one before. Returns and revenue per total assets use total assets at the start of the year; leverage = long-term financial debt divided by total assets at year end; new shares via the average diluted share count.

Price-based criteria (P/E, dividend yield) are shown to signed-in users.

Computed automatically from SEC annual reports – not investment advice. Describes the reported figures; points are not a rating of the stock. Rank 0–100 against the 239 stocks we cover and against the sector (from 5 peers); the stronger side is always on the right.

In short

  • Light red: Loss in the last fiscal year.
  • Light red: Debt much higher than usual in the sector.
  • Light red: Profit in 0 of 3 fiscal years.

Summarized from the lights below. Describes the reported figures – not a recommendation to buy or sell.

RevenueNet income Net margin (below) in USD
  1. Fiscal year 2023 (Jan 1, 2023 – Dec 31, 2023): Revenue 229.0M USD · Net income −594.0M USD · Net margin −259.4%
  2. Fiscal year 2024 (Jan 1, 2024 – Dec 31, 2024): Revenue 1.9B USD · Net income −863.0M USD · Net margin −45.1%
  3. Fiscal year 2025 (Jan 1, 2025 – Dec 31, 2025): Revenue 5.1B USD · Net income −1.2B USD · Net margin −22.7%

Fiscal year 2025 (Jan 1, 2025 – Dec 31, 2025): Revenue 5.1B USD · Net income −1.2B USD · Net margin −22.7%

Figures over time

Where the money of a fiscal year goes and how margins, returns, balance sheet, cash flow and share count developed over up to 10 years. Each chart has one sentence saying what the trend shows.

Money flow in fiscal year 2025

Of 100 USD of revenue, 71.7 USD gross profit remained.

Operating loss: −0.9% of revenue

Money flow as a table
Fiscal year 2025, amounts in USD, share of revenue
ItemAmountof revenue
Revenue5.1B USD100.0%
Gross profit3.7B USD71.7%
Cost of revenue1.5B USD28.3%
Operating expenses3.7B USD72.6%

Taxes, interest and other items are not available separately in the SEC data; they are combined as the difference.

Margins

The operating margin rose in 2 years from −6.1% to −0.9%.

Gross marginOperating marginNet margin Margins above ±200% hidden (revenue very small relative to the result).
  1. Fiscal year 2023: Gross margin 69.9% · Operating margin −6.1% · Net margin not available
  2. Fiscal year 2024: Gross margin 74.3% · Operating margin 16.9% · Net margin −45.1%
  3. Fiscal year 2025: Gross margin 71.7% · Operating margin −0.9% · Net margin −22.7%

Returns

Return on assets rose within one year from −4.8% to −2.4%.

Return on equityReturn on assets
  1. Fiscal year 2023: Return on equity not available · Return on assets not available
  2. Fiscal year 2024: Return on equity not available · Return on assets −4.8%
  3. Fiscal year 2025: Return on equity −35.0% · Return on assets −2.4%

Equity and long-term debt

The equity ratio rose within one year from −2.3% to 6.8%.

EquityLong-term debt in USD Long-term debt, depending on the filing, includes the current portion or leases.
  1. Fiscal year 2023: Equity −596.6M USD · Long-term debt not available
  2. Fiscal year 2024: Equity −413.6M USD · Long-term debt 7.9B USD
  3. Fiscal year 2025: Equity 3.3B USD · Long-term debt 21.4B USD

Liquidity (current ratio)

The current ratio rose within one year from 0.39 to 0.46.

Current ratio
  1. Fiscal year 2023: Current ratio not available
  2. Fiscal year 2024: Current ratio 0.39
  3. Fiscal year 2025: Current ratio 0.46

Cash flow

Free cash flow fell in 2 years from −1.1B USD to −7.3B USD.

Operating cash flowCapital expenditureFree cash flow in USD
  1. Fiscal year 2023: Operating cash flow 1.8B USD · Capital expenditure 2.9B USD · Free cash flow −1.1B USD
  2. Fiscal year 2024: Operating cash flow 2.7B USD · Capital expenditure 8.7B USD · Free cash flow −6.0B USD
  3. Fiscal year 2025: Operating cash flow 3.1B USD · Capital expenditure 10.3B USD · Free cash flow −7.3B USD

Share count

The share count rose in 2 years by 127.1% – more new shares were issued than repurchased (dilution).

Diluted share count
  1. Fiscal year 2023: Diluted share count 192.0M
  2. Fiscal year 2024: Diluted share count 218.0M
  3. Fiscal year 2025: Diluted share count 436.0M

From annual reports filed with the SEC (10-K, 20-F, 40-F) as first reported, share count adjusted for splits; obvious filing errors (e.g. wrong unit, outliers against both neighbouring years) are hidden. Describes the reported figures – not investment advice.

Dividends and share repurchases

How much the company returns to its shareholders – as dividends or by repurchasing its own shares – and whether free cash flow supports it.

Dividend per share
none pays no dividend

Dividends paid, repurchases and new shares issued from the cash flow statement of annual reports filed with the SEC (as first reported). Describes the reported figures – not investment advice.

Valuation over time

Price-based valuation (P/E, P/S, price/free cash flow and dividend yield per fiscal year, compared with its own average) for signed-in users.

Sector comparison

CoreWeave next to 8 stocks of the sector Technology we cover that are closest in revenue. Click a column header to sort the table.

Sector comparison CRWV, sector Technology; last row: sector median
Symbol Revenue (FY) Growth 5 yrsGross marginOp. marginNet marginROEEquity ratioFCF marginPiotroski
COHR Coherent Corp. 7.1B USD +18.0%37.5%–11.3%7.4%59.6%−14.4%7/9
SNPS Synopsys 7.1B USD +13.9%77.0%13.0%18.9%4.7%58.7%19.1%3/9
FTNT Fortinet 6.8B USD +21.3%80.5%30.7%27.3%149.8%11.9%32.7%5/9
CDNS Cadence Design Systems 5.3B USD +14.6%–28.2%20.9%20.3%53.9%30.0%–
CRWV CoreWeave this stock 5.1B USD –71.7%−0.9%−22.7%−35.0%6.8%−141.3%–
CRWD CrowdStrike 4.8B USD +40.6%74.7%−6.1%−3.4%−3.7%39.9%27.2%–
SNOW Snowflake 4.7B USD +51.2%67.2%−30.6%−28.4%−69.2%21.1%23.9%6/9
PLTR Palantir Technologies 4.5B USD +32.6%82.4%31.6%36.3%22.0%83.0%46.9%–
DDOG Datadog 3.4B USD +41.5%80.0%−1.3%3.1%2.9%56.2%29.2%5/9
Median of the sector 63 symbols 11.0B USD +14.5%56.1%14.2%12.5%13.5%51.6%19.0%6/9

Growth 5 yrs = revenue growth per year over 5 fiscal years · Op. margin = operating margin · ROE = return on equity · FCF = free cash flow · Piotroski = F-Score (only with all 9 criteria).

Figures of the last fiscal year from SEC annual reports (peers as of Oct 28, 2026). Median across all companies of the sector we cover (from 5 stocks; several share classes of one company count once). Signed-in users also see P/E, P/S and dividend yield in the comparison. Describes the reported figures – not investment advice.

Key figures with traffic lights

Each light follows a simple, disclosed rule. The comparison is with the sector median of all 97 symbols in the Technology sector on our list (current members of the S&P 500 and other lists).

Revenue growth

Light gray: not available

– per year, last 3 years

Sector Technology: median +10.0% (93 symbols)

What does this mean? Reported annual figures for a comparison over at least 3 fiscal years are missing (or the SEC data has not been fully loaded yet).

Light rule: Green: grows at least as fast as the sector median (without a sector comparison: grows) · Yellow: grows more slowly · Red: shrinks.

Net income (total)

Light gray: not available

– per year, last 3 years

Sector Technology: median +6.6% (63 symbols)

per share: not available

What does this mean? Reported annual figures for a comparison over at least 3 fiscal years are missing (or the SEC data has not been fully loaded yet).

Light rule: Green: grows at least as fast as the sector median (without a sector comparison: grows) · Yellow: grows more slowly · Red: shrinks.

Net margin

Light red: Loss

−22.7% last fiscal year

Sector Technology: median 12.5% (97 symbols)

What does this mean? Of every 100 USD in revenue there was no profit but a loss of 22.74 USD.

Light rule: Green: at least the sector median (without a sector comparison: profit) · Yellow: profit, but below the median · Red: loss.

Debt / equity

Light red: much higher

5.22 latest balance sheet

Sector Technology: median 0.45 (79 symbols)

What does this mean? For every 1 USD of equity there is 5.22 USD of financial debt – more than twice as much as the median company in the sector (0.45). More debt amplifies good and bad years alike.

Light rule: Green: at most the sector median · Yellow: up to twice the median · Red: more than twice · Gray: without a sector comparison.

Payout ratio

Light gray: none found

– Dividend / earnings per share

Sector Technology: median 30% (36 symbols)

What does this mean? The loaded SEC filings of the last two fiscal years contain no dividend per share. Either the company pays none, or it reports it under a different tag.

Light rule: Green: up to 60% of earnings · Yellow: up to 100% · Red: more than earnings or a dividend despite a loss · Gray for real estate (REITs). The sector median is for comparison only.

Profitable years

Light red: 3 loss years

0 of 3 fiscal years with a profit

What does this mean? In 0 of the last 3 fiscal years the bottom line showed a profit. 3 years ended with a loss.

Light rule: Green: profit in every year · Yellow: one loss year · Red: several loss years (at least 3 years needed).

Last fiscal year and 13F

Information, not a trading signal · Source: SEC EDGAR
Revenue (FY)
5.1B USD
Revenue vs. prior year
+167.9%
Net income (FY)
−1.2B USD
Net income vs. prior year
–
EPS (FY)
-2.81 USD
13F funds with a position
–
Funds vs. prior quarter
–
Shares held vs. prior quarter
–
Fiscal year to Dec 31, 2025 · 10-K filed Mar 2, 2026 · Balance sheet Mar 31, 2026 (filed May 8, 2026) · Price-based figures (P/E, P/S, dividend yield, market cap) only when logged in. · Values as first reported; debt = reported financial debt (US GAAP: long-term). 13F: reporting date Jun 30, 2026, 9 tracked funds have filed (latest Aug 14, 2026), filed with up to 45 days of delay. Stock positions only; comparison with Mar 31, 2026 only across funds that filed for both quarters.
All figures as a table
Fiscal years (amounts in USD, per share in USD)
YearEndRevenueNet income MarginEarnings per shareDividend per sharePayout
2025Dec 31, 2025 5.1B−1.2B −22.7% −2.81 0.00 –
2024Dec 31, 2024 1.9B−863.0M −45.1% −4.30 0.00 –
2023Dec 31, 2023 229.0M−594.0M −259.4% −3.09 – –
Quarters (amounts in USD, per share in USD)
QuarterEndRevenueNet income MarginEarnings per shareDividend per sharePayout
Q2/26Jun 30, 2026 2.6B−626.0M −24.3% −1.14 – –
Q1/26Mar 31, 2026 2.1B−740.0M −35.6% −1.40 0.00 –
Q4/25*Dec 31, 2025 1.6B−451.7M −28.7% – 0.00 –
Q3/25Sep 30, 2025 1.4B−110.1M −8.1% −0.22 – –
Q2/25Jun 30, 2025 1.2B−290.5M −24.0% −0.60 – –
Q1/25Mar 31, 2025 981.6M−314.6M −32.1% −1.49 0.00 –
Q4/24*Dec 31, 2024 747.0M−50.9M −6.8% – – –
Q3/24Sep 30, 2024 583.9M−359.8M −61.6% −1.82 – –
Q2/24Jun 30, 2024 395.4M−323.0M −81.7% −1.62 – –
Q1/24Mar 31, 2024 188.7M−129.2M −68.5% −0.62 – –

* Q4 derived: fiscal year minus the 9-month value (EPS cannot be derived this way); may be distorted by restatements.

How we calculate: values as first reported to the SEC (later corrections are left out), a fixed order of reporting tags per figure, partial sums are never added up. Growth per year over 5 years (otherwise 3 years). Quarters are labeled by the calendar quarter in which they end.

Insiders

All insider transactions
Insider purchases and sales on the market over 3, 6 and 12 months
PeriodPurchasesSalesNet
3 months $00 people $904.2M10 people −$904.2M
6 months $00 people $2.9B12 people −$2.9B
12 months $00 people $5.8B12 people −$5.8B

Latest transactions

  • Oct 13, 2026 Jones Jonathan Officer Open-market sale · 10b5-1 plan 500 shares · $39.4K · SEC
  • Oct 13, 2026 Jones Jonathan Officer Open-market sale · 10b5-1 plan 5,969 shares · $465.1K · SEC
  • Oct 13, 2026 Jones Jonathan Officer Open-market sale · 10b5-1 plan 15,100 shares · $1.2M · SEC
  • Oct 12, 2026 Agrawal Nitin Chief financial officer (CFO) Open-market sale · 10b5-1 plan 7,191 shares · $578.9K · SEC
  • Oct 12, 2026 Agrawal Nitin Chief financial officer (CFO) Open-market sale · 10b5-1 plan 15,388 shares · $1.2M · SEC
  • Oct 12, 2026 Jones Jonathan Officer Open-market sale · 10b5-1 plan 15,811 shares · $1.3M · SEC

Source: mandatory filings with the SEC (Form 4), open-market purchases and sales only. General information, not investment advice.

Trend score -80

Price vs. EMA 50-15
Price vs. EMA 200-15
EMA 50 vs. EMA 200-20
ADX (trend strength)-15
Highs and lows+0
Relative strength-15

Volatility and trend strength

ADX 14 (trend strength)32.7
Rel. strength 60 d−31.2%

ATR and moving averages as price values only when logged in.

More stocks from Technology

All symbols in this sector

News

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