Company Analysis

CoreWeave, Inc. (CRWV)

Nasdaq: CRWV · Services-Prepackaged Software · Livingston, NJ · filing with the SEC since 2019
Grade5.5
◀ Past 5.0● Present 5.2▶ Future 6.2
2 est.

The grade of CoreWeave, Inc.

Nine metrics read from its own filings, by tense
Headline grade
5.5/10
◀ Past5.025% of the headline
● Present5.235% of the headline
▶ Future6.240% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 7 read as filed from the record and 2 are SI estimates, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

5.0/1025% of the headline grade · 3 of 3 filed

Surviving crises

as filed
7.3/10

Has it survived what it has been through?

No warning events in its filings since 2019.

weight 22% of this tense · 73rd percentile among 230 sector filers · read for itself

From the record

CoreWeave, Inc.'s filings since 2019 show no warning events in the scan: no bankruptcy or receivership notice, no debt default notice, no exchange listing notice, no restatement warning, no auditor change, no material cyber incident and no late-report notice (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
6.6/10

What has it actually done, year after year?

+372.8% a year over 3 filed years; profitable in 0 of 3.

weight 45% of this tense · 66th percentile among 213 sector filers · read for its customers

From the record

CoreWeave, Inc.'s 3 filed years say what it did: revenue went from $229 million in fiscal 2023 to $5.1 billion in fiscal 2025, up 372.8% a year; it rose in 2 of 2 years; it never fell from a peak; net income was positive in 0 of 3 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span372.8%top 1% of its family
  • the share of years revenue rosetop 27% of its family
  • the share of filed years with a profitbottom 17% of its family
  • the deepest fall from a revenue peak0.0%top 27% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

as filed
1.3/10

How has it treated the people who own it?

Share count grew 50.7% a year. 0% of cash flow returned. Insiders: 2618 sales, 0 purchases.

weight 33% of this tense · 13th percentile among 152 sector filers · read for its shareholders

From the record

Over the 2 fiscal years to 2025-12-31, CoreWeave, Inc.'s diluted share count grew about 50.7% a year, and dividends and buybacks returned about 0% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 2618 sales (2513 under scheduled 10b5-1 plans) and 0 purchases of their own stock on the open market in the year to 2026-11-10 (their Form 4 filings).

What it rests on

  • the share count over the yearsbottom 12% of its family
  • cash returned against operating cash flowbottom 14% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

● Present

What are they doing right now?

5.2/1035% of the headline grade · 2 of 3 filed, 1 estimated

Financial health

as filed
1.4/10

Is it financially healthy right now?

ROE -35%: lost 35¢ per shareholder dollar. Leverage 93%: owes 93¢ per asset dollar.

weight 45% of this tense · 13th percentile among 217 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, CoreWeave, Inc. lost about 35 cents for every dollar of shareholders' money, and gross profitability: its products earned about 7 cents per dollar of everything the company owns (revenue less the cost of revenue). Leverage: it owed about 93 cents per dollar of assets, and net share issuance: its share count grew 100.0% over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetsbottom 12% of its family
  • return on equitybottom 24% of its family
  • gross profit against assetsbottom 9% of its family
  • the share count against the year beforebottom 9% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
7.3/10

How strong is its position in its industry?

top 27% of 218 in its family; net margin -22.7%.

weight 33% of this tense · 73rd percentile among 218 sector filers · read for its customers

From the record

CoreWeave, Inc.'s standing among 218 graded names in its industry family: revenue of $5.1 billion in fiscal 2025 ranks in the top 7% by size; a net margin of -22.7% ranks in the bottom 28%; revenue growth of 372.8% a year over the last 2 filed years ranks in the top 1% (its annual reports).

What it rests on

  • revenue against the family$5.13Btop 7% of its family
  • net margin-22.7%bottom 28% of its family
  • three-year revenue growth372.8%top 1% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

SI estimate
9.8/10

What are the people in charge doing?

SI estimate 9.8/10, confidence 35 of 100 (one part).

weight 22% of this tense · 98th percentile among 167 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
Read from one part only, officer and director changes on Form 8-K over three years, against the people in charge, which ranks in the top 2% of 167 in its family; the record of its people begins on 2025-03-03 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 1.7 years and cannot see past it; a floor under five years is not read as years in charge.
What the record cannot read
The record of its people begins on 2025-03-03 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 1.7 years and cannot see past it; a floor under five years is not read as years in charge.
How it was reasoned
one part: officer and director changes on Form 8-K, against the people in charge, the one part on file, ranked among 167 in its family.
Confidence
35 of 100
What would change it
A filing that carries the missing parts replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: CoreWeave, Inc.'s leadership is put at 9.8 of 10 with a confidence of 35 of 100, because read from one part only, officer and director changes on Form 8-K over three years, against the people in charge, which ranks in the top 2% of 167 in its family; the record of its people begins on 2025-03-03 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 1.7 years and cannot see past it; a floor under five years is not read as years in charge. A filing that carries the missing parts replaces this estimate with the filed reading.

▶ Future

What are they set up to do next?

6.2/1040% of the headline grade · 2 of 3 filed, 1 estimated

Room to expand

as filed
1.9/10

How much room does it have to grow?

bottom 19% of 216 in its family for room to expand.

weight 22% of this tense · 19th percentile among 216 sector filers · read for itself

From the record

CoreWeave, Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of $4.1 billion against debt of $21 billion leaves -35% of its assets as net cash, bottom 5% of its family; cash from operations less capital spending is -141.3% of revenue (bottom 10%); a gross margin of 71.7% (top 48%); research spending of 6.9% of revenue (bottom 10%) (its annual report).

What it rests on

  • cash less debt against assets-35.0%bottom 5% of its family
  • cash from operations less capital spending against revenue-141.3%bottom 10% of its family
  • gross margin71.7%top 48% of its family
  • research spending against revenue6.9%bottom 10% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
9.0/10

What could actually drive growth from here?

top 10% of 213 in its family for growth drivers.

weight 45% of this tense · 90th percentile among 213 sector filers · read for its customers

From the record

CoreWeave, Inc.'s growth drivers, from the filed years to fiscal 2025: revenue grew 372.8% a year over the last three filed years against 372.8% over all 3, speeding up (top 27% of its family); the newest year grew 168.1% (top 4%); research spending grew 309% a year (top 1%); capital spending grew 87.1% a year (top 8%) (its annual reports). CoreWeave, Inc. tags no split of its revenue by line in the annual report on file, so growth by line cannot be read here; research and capital spending are on the trend.

What it rests on

  • three-year growth against the whole span+0.0 points a yeartop 27% of its family
  • the newest year's revenue growth168.1%top 4% of its family
  • three-year growth of research spending309.0%top 1% of its family
  • three-year growth of capital spending87.1%top 8% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

SI estimate
5.1/10

Did its newest year beat what its own record pointed to?

SI estimate 5.1/10, confidence 20 of 100 (family median).

weight 33% of this tense · 50th percentile among 194 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
The record does not carry four filed years of revenue and two of the three parts: revenue against the prior pace, earnings against the prior average, the margin change, so the desk assumes the typical reading of its industry family, the median of 194 members with one.
What the record cannot read
The record does not carry four filed years of revenue and two of the three parts: revenue against the prior pace, earnings against the prior average, the margin change.
How it was reasoned
family median, 194 readings behind it.
Confidence
20 of 100
What would change it
Its next annual report on file with the inputs replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: CoreWeave, Inc.'s expectations vs reality is put at 5.1 of 10 with a confidence of 20 of 100, because the record does not carry four filed years of revenue and two of the three parts: revenue against the prior pace, earnings against the prior average, the margin change, so the desk assumes the typical reading of its industry family, the median of 194 members with one. Its next annual report on file with the inputs replaces this estimate with the filed reading.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton CRWV · research, not advice