CoreWeave, Inc. (CRWV) Fundamental Analysis
CoreWeave, Inc. operates in a cyclical, commodity-sensitive industry, so each quarter is best judged against the cycle rather than in isolation. It is not yet profitable; the key question is the trajectory toward breakeven (latest net margin -24%). Cash generation is currently a watch item and warrants close attention. On the latest filing several indicators are flashing caution.
Beat Index assesses CoreWeave, Inc. across twenty analysis tabs, spanning market multiples, revenue and income, margins, cash flow, returns, liquidity and leverage, working capital, intrinsic value, commitments, insider activity, risk, and its latest 10-Q reads strongest on revenue growth while flagging profit margins, cash generation and balance-sheet strength for closer review. Every figure is taken as-reported from SEC EDGAR filings, with no vendor adjustments.
At a glance
- PositiveGrowth: Revenue up 112% YoY
- WatchNothing flagged to watch next quarter.
- ConcernProfitability: Loss-making (-24% margin)
Trend matrix, last 4 quarters
| Dimension | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 |
|---|---|---|---|---|
| Growth | Revenue up 112% YoY | Revenue up 112% YoY | Growth, n/a | Growth, n/a |
| Profitability | Loss-making (-24% margin) | Loss-making (-36% margin) | Loss-making (-29% margin) | Loss-making (-8% margin) |
| Cash Generation | Negative free cash flow | Negative free cash flow | Negative free cash flow | Negative free cash flow |
| Balance Sheet | Current ratio 0.5x (tight liquidity) | Current ratio 0.3x (tight liquidity) | Current ratio 0.5x (tight liquidity) | Current ratio 0.5x (tight liquidity) |
Based on 6 quarters of reported results since this company began filing. Year-over-year comparisons and longer-term trends are limited, so some cells may read n/a.
Quarterly financials
| Metric | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|---|
| Revenue | $2.58B | $2.08B | $1.57B | $1.36B | $1.21B |
| Cash & equivalents | $5.52B | $2.24B | $3.13B | $1.89B | $1.15B |
| Net income | -$626.0M | -$740.0M | -$451.7M | -$110.1M | -$290.5M |
| Operating cash flow | $679.0M | $2.98B | $1.56B | $1.69B | -$251.3M |
| Free cash flow | -$5.74B | -$4.71B | -$2.50B | -$699.8M | -$2.70B |
Figures in USD, as reported to the SEC. Longer history is available in the full analysis.
What's inside the full dashboard
Twenty analysis tabs. Every financial figure comes from SEC filings, with no estimates.
- Market Multiples: What buyers have actually paid for this business, week by week, against what they pay today.
- Cash Flow: Free cash flow generation and operating cash flow trends.
- Intrinsic Value: Discounted cash flow (DCF) valuation against your own discount rate.
- Priced In: The move the options market is pricing in, including around earnings, read from your own Alpaca account once connected.
- Liquidity & Leverage: Balance-sheet strength: assets, liabilities, debt and liquidity ratios.
- Margins: Gross, operating, and net profit margin analysis.
- Returns: Return on equity, return on assets, and return on invested capital.
- Revenue & Income: Revenue growth, composition, and year-over-year income trends.
- Working Capital: Working-capital efficiency, cash conversion and asset-turnover metrics.
- Risk: Debt levels, liquidity ratios, and financial risk indicators.
- Insider: Insider stock transactions and executive activity.
- Commitments: Operating leases, purchase commitments, and future obligations.
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Live valuation, management commentary, and peer comparison, all sourced directly from SEC filings. Free to access.