CoreWeave, Inc.
$53.13
−3.47 (−6.13%) · delayed · Nov 13, 2026
Five-year price
52w $40.58 to $138.25
- Market cap
- $23.2B
- Enterprise value
- $41.4B
- P/E
- —
- EV / EBIT
- —
- FCF yield
- −31.3%
- ROIC
- −0.2%
- Debt / equity
- 6.41
- Piotroski F
- 5/9
Value scorecard · FY2025
Does it pass the value tests?
Quality
n/a
- ○ROIC > 12% (5y avg)5y avg ROIC 2.0%
- ○ROE > 15% (5y avg)5y avg ROE -35.0%
- –Stable operating marginsMargin volatility n/a (σ, 5y)
- –Earnings convert to cashFCF / net income n/a (5y avg)
- –Growing revenueRevenue CAGR 5y n/a
- –Shrinking share countDiluted shares n/a over 5y
Value
n/a
- –P/E below 15P/E n/a
- –EV/EBIT below 12EV/EBIT n/a
- ○FCF yield above 6%FCF yield -31.3%
- –Price below Graham NumberGraham Number n/a
- ○P/B below 3P/B 6.9
Safety
0
- ○Debt / equity below 0.5D/E 6.41
- ○Debt payable in < 4 yrs of earningsNet debt $18.2B
- ○Interest coverage > 8xCoverage -0.1x
- ○Current ratio > 1.5Current ratio 0.46
- ○Piotroski F-score ≥ 6F-score 5/9
Graham Defensive
n/a
- ●Adequate size (revenue > $2B)Revenue $5.1B
- ○Strong condition (current ratio ≥ 2)Current ratio 0.46
- –Earnings stability (no loss, 10y)3 years of data
- –Uninterrupted dividendsDividends paid every year on record
- –Earnings growth ≥ 33% (10y, 3y avgs)n/a
- –Moderate P/E (≤ 15 on 3y avg EPS)P/E (3y avg) n/a
- –P/E × P/B ≤ 22.5Product n/a
Valuation lab
What do you have to believe?
A cash-flow valuation isn’t meaningful here: free cash flow is negative or not reported (common for banks, insurers and early-stage companies). Use book value and earnings power instead.
Financial statements
A decade of the record.
USD millions · fiscal years · source: SEC 10-K XBRL
| Line item | FY23 | FY24 | FY25 |
|---|---|---|---|
| Revenue | 229 | 1,915 | 5,131 |
| Gross profit | — | — | — |
| Operating income | (14) | 324 | (46) |
| Operating margin | -6.1% | 16.9% | -0.9% |
| Pre-tax income | (558) | (744) | (1,215) |
| Income tax | 36 | 119 | (48) |
| Net income | (594) | (863) | (1,167) |
| EPS (diluted) | -3.09 | -4.30 | -2.81 |
| Diluted shares | 192 | 218 | 436 |
Who owns it