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CoreWeave share price today

CoreWeave, Inc. · CRWV · Technology · Software - Infrastructure · price as of the 6 November 2026 close, updated every trading day · results updated weekly · All US stock lists

CoreWeave share price: $46.34 at the close on 6 November 2026, −55.4% in a year.

$46.34Price −55.4% in a year
$2.6 BRevenue (Jun 2026) +112.5% on a year ago
−$626 MProfit (Jun 2026)
−1.9%Operating margin −3.5 points on a year ago
−36%ROE FY25
−0.3%ROIC

CoreWeave, Inc.'s share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer.

Biggest thing to watch: the price is not yet in a clear uptrend, so timing is the risk more than the business.

The price has been falling for 12 weeks. Over the last four quarters, results have been mixed. What will decide it: the next one or two quarters of results.

What is the CoreWeave share price today?

CoreWeave, Inc.'s share price was $46.34 at the close on 6 November 2026. It has been falling for 12 weeks. That is 48.6% below its average price over the last 200 trading days. In the last 52 weeks it traded between $46 and $119, and at that close it was at the low of that range.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today CoreWeave, Inc. is in stage 4. The phase helps read everything below.

Over the past 13 weeks it has done worse than the S&P 500, and it has been behind for 5 weeks running.

Nov 2026: $46.34, 48.6% below its 200-day average. The price has been falling for 12 weeks.

  • Price $46.34
  • 50-day avg $75.56
  • 200-day avg $90.17
Nov 2026: $46.34, 48.6% below its 200-day average. The price has been falling for 12 weeks.
WeekPrice50-day avg200-day avg
4 Apr 2025$47.82––
11 Apr 2025$43.75––
17 Apr 2025$39.09––
25 Apr 2025$41.54––
2 May 2025$51.57––
9 May 2025$51.37––
16 May 2025$80.30––
23 May 2025$102.74––
30 May 2025$111.31––
6 Jun 2025$140.16––
13 Jun 2025$147.19$78.63–
20 Jun 2025$183.58$88.41–
27 Jun 2025$159.99$100.50–
3 Jul 2025$165.20$110.15–
11 Jul 2025$125.84$120.52–
18 Jul 2025$123.02$129.09–
25 Jul 2025$115.62$135.78–
1 Aug 2025$104.14$138.78–
8 Aug 2025$129.55$139.35–
15 Aug 2025$99.97$138.45–
22 Aug 2025$93.99$132.93–
29 Aug 2025$103.04$126.73–
5 Sep 2025$89.09$120.14–
12 Sep 2025$111.96$115.07–
19 Sep 2025$124.86$111.85–
26 Sep 2025$120.34$111.26–
3 Oct 2025$134.79$112.16–
10 Oct 2025$138.43$114.81–
17 Oct 2025$136.87$117.62–
24 Oct 2025$132.55$117.50–
31 Oct 2025$133.71$121.57–
7 Nov 2025$104.01$123.37–
14 Nov 2025$77.36$122.82–
21 Nov 2025$71.65$119.43–
28 Nov 2025$73.12$115.65–
5 Dec 2025$88.30$110.79–
12 Dec 2025$78.59$106.32–
19 Dec 2025$83.00$99.85–
26 Dec 2025$76.42$95.19–
2 Jan 2026$79.32$90.57–
9 Jan 2026$80.14$85.39–
16 Jan 2026$101.23$81.72$103.28
23 Jan 2026$92.98$80.59$104.09
30 Jan 2026$93.19$82.61$105.51
6 Feb 2026$89.95$83.84$106.66
13 Feb 2026$96.04$85.98$108.01
20 Feb 2026$89.25$86.65$108.93
27 Feb 2026$79.56$87.61$109.90
6 Mar 2026$72.99$87.80$109.97
13 Mar 2026$81.11$87.96$109.31
20 Mar 2026$81.47$88.56$108.36
27 Mar 2026$74.81$88.23$106.62
2 Apr 2026$82.24$86.66$105.14
10 Apr 2026$102.00$85.69$103.02
17 Apr 2026$116.85$88.25$101.95
24 Apr 2026$110.14$90.87$100.96
1 May 2026$119.01$92.62$100.37
8 May 2026$114.15$95.80$100.36
15 May 2026$107.30$99.19$100.35
22 May 2026$105.49$101.87$100.21
29 May 2026$109.53$103.76$99.65
5 Jun 2026$100.39$106.74$99.93
12 Jun 2026$100.55$108.98$100.09
18 Jun 2026$117.95$111.38$100.40
26 Jun 2026$96.58$110.84$100.66
2 Jul 2026$81.75$108.71$100.16
10 Jul 2026$88.88$106.12$99.26
17 Jul 2026$73.21$101.89$98.02
24 Jul 2026$71.88$97.59$96.56
31 Jul 2026$71.77$93.75$94.83
7 Aug 2026$90.67$92.13$93.65
14 Aug 2026$105.26$90.66$92.94
21 Aug 2026$87.85$89.92$91.95
28 Aug 2026$84.23$87.88$91.39
4 Sep 2026$89.36$85.62$91.47
11 Sep 2026$88.99$85.53$91.88
18 Sep 2026$81.36$85.07$92.08
25 Sep 2026$87.59$85.76$92.18
2 Oct 2026$89.62$86.70$92.28
9 Oct 2026$82.08$88.43$92.59
16 Oct 2026$61.39$87.03$92.44
23 Oct 2026$54.23$83.27$92.00
30 Oct 2026$54.87$79.45$91.35
6 Nov 2026$46.34$75.56$90.17
Weekly closing price ($) with its 50-day and 200-day averages. The strip under the chart shows the phase: tan sideways, green rising, yellow stalling near a high, orange falling. 2-year window.

Price stage: Falling from Aug 2026 to Nov 2026.

Week by week since 2025: did it beat the S&P 500 over the past 13 weeks?

Ahead in 31 of 71 weeks

Week by week since 2025: did it beat the S&P 500 over the past 13 weeks?
Week13-week return vs S&P 500
4 Apr 2025no S&P 500 reading
11 Apr 2025no S&P 500 reading
17 Apr 2025no S&P 500 reading
25 Apr 2025no S&P 500 reading
2 May 2025no S&P 500 reading
9 May 2025no S&P 500 reading
16 May 2025no S&P 500 reading
23 May 2025no S&P 500 reading
30 May 2025no S&P 500 reading
6 Jun 2025no S&P 500 reading
13 Jun 2025no S&P 500 reading
20 Jun 2025no S&P 500 reading
27 Jun 2025no S&P 500 reading
3 Jul 2025+221.7%
11 Jul 2025+170.8%
18 Jul 2025+195.5%
25 Jul 2025+162.6%
1 Aug 2025+92.2%
8 Aug 2025+139.3%
15 Aug 2025+16.2%
22 Aug 2025−19.9%
29 Aug 2025−16.9%
5 Sep 2025−44.5%
12 Sep 2025−34.1%
19 Sep 2025−43.7%
26 Sep 2025−32.4%
3 Oct 2025−25.4%
10 Oct 2025+5.3%
17 Oct 2025+5.4%
24 Oct 2025+8.3%
31 Oct 2025+18.7%
7 Nov 2025−25.0%
14 Nov 2025−27.0%
21 Nov 2025−25.9%
28 Nov 2025−35.0%
5 Dec 2025−6.8%
12 Dec 2025−33.5%
19 Dec 2025−36.1%
26 Dec 2025−40.8%
2 Jan 2026−43.2%
9 Jan 2026−48.4%
16 Jan 2026−30.1%
23 Jan 2026−31.6%
30 Jan 2026−31.8%
6 Feb 2026−16.4%
13 Feb 2026+22.7%
20 Feb 2026+20.0%
27 Feb 2026+8.4%
6 Mar 2026−15.4%
13 Mar 2026+6.1%
20 Mar 2026+2.9%
27 Mar 2026+6.0%
2 Apr 2026+7.7%
10 Apr 2026+29.4%
17 Apr 2026+12.8%
24 Apr 2026+14.9%
1 May 2026+23.6%
8 May 2026+20.1%
15 May 2026+3.3%
22 May 2026+10.0%
29 May 2026+27.4%
5 Jun 2026+27.8%
12 Jun 2026+12.0%
18 Jun 2026+29.6%
26 Jun 2026+14.1%
2 Jul 2026−14.2%
10 Jul 2026−24.0%
17 Jul 2026−42.0%
24 Jul 2026−38.2%
31 Jul 2026−43.4%
7 Aug 2026−25.4%
14 Aug 2026−6.9%
21 Aug 2026−19.4%
28 Aug 2026−24.8%
4 Sep 2026−15.4%
11 Sep 2026−14.5%
18 Sep 2026−33.0%
25 Sep 2026−15.1%
2 Oct 2026+6.3%
9 Oct 2026−10.8%
16 Oct 2026−18.8%
23 Oct 2026−27.4%
30 Oct 2026−24.7%
6 Nov 2026−44.0%
Each bar is one week, from 2025 to now (71 weeks with a reading). Green means the stock's return over the previous 13 weeks beat the S&P 500; red means it trailed. The colour is strongest at a gap of 25 percentage points or more. A gap means there is no reading for that week.

Over the last 1 year the share price moved −3% while the S&P 500 moved +46%, so it is behind the index over that whole period. It was last ahead over 13 weeks in the week of 2 October 2026. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

What dividend does CoreWeave pay?

CoreWeave, Inc. pays no dividend. In the last 11 reported quarters it declared no dividend per share, so there is no payout history to chart and no yield to show. Companies like this usually keep their earnings in the business, so the cash-flow sections show where that cash goes.

Which stock lists is CoreWeave on?

CoreWeave is on 2 of our US lists: Nasdaq 100 companies and US tech stocks.

Is CoreWeave profitable?

CoreWeave, Inc. posted a net loss of $626 M in the Jun 2026 quarter. The full FY25 year was a loss of $1.2 B. That loss is 24.3% of the quarter's revenue. The same quarter a year earlier lost $290 M. 11 of the last 11 reported quarters were loss-making.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

FY25 profit −$1.2 B

  • Net profit −$1.2 B
FY25 profit −$1.2 B
QuarterNet profit
FY22−$31.1 M
FY23−$594 M
FY24−$937 M
FY25−$1.2 B
Net profit each year, $ B. 4-year window. A grey bar is lower than the year before.

Jun 2026: −$626 M

  • Net profit (quarterly) −$626 M
Jun 2026: −$626 M
QuarterNet profit (quarterly)
Dec 2023−$171 M
Mar 2024−$129 M
Jun 2024−$339 M
Sep 2024−$389 M
Dec 2024−$80.0 M
Mar 2025−$343 M
Jun 2025−$290 M
Sep 2025−$110 M
Dec 2025−$452 M
Mar 2026−$740 M
Jun 2026−$626 M
Net profit each quarter, $ M. Last 12 quarters. A grey bar is lower than the quarter before.

How much revenue does CoreWeave make, and is it growing?

CoreWeave, Inc. reported $2.6 B of revenue in the Jun 2026 quarter, +112.5% on the same quarter a year earlier. That is the 7th quarter in a row with growth on the year before. Over 3 years it has grown 586.9% a year on average. The last full year, FY25, came in at $5.1 B.

Revenue is everything the company billed its customers in the period.

The last four reported quarters add to $7.6 B.

FY25 revenue was $5.1 B, +167.9% on the year before.

FY25 revenue $5.1 B (+167.9% on the year before), 586.9% a year over 3 years

  • Revenue $5.1 B
FY25 revenue $5.1 B (+167.9% on the year before), 586.9% a year over 3 years
QuarterRevenue
FY22$15.8 M
FY23$229 M
FY24$1.9 B
FY25$5.1 B

Growth on a year earlier

  • Growth on a year earlier 167.9%
Growth on a year earlier
QuarterGrowth on a year earlier
FY22–
FY231,346.6%
FY24736.2%
FY25167.9%
Top: revenue each year, $ B. Below: growth on the year before, %. 4-year window. A grey bar is lower than the year before.

Jun 2026: $2.6 B (+112.5% on a year earlier), the 7th quarter in a row of growth

  • Revenue (quarterly) $2.6 B
Jun 2026: $2.6 B (+112.5% on a year earlier), the 7th quarter in a row of growth
QuarterRevenue (quarterly)
Dec 2023$116 M
Mar 2024$189 M
Jun 2024$395 M
Sep 2024$584 M
Dec 2024$747 M
Mar 2025$982 M
Jun 2025$1.2 B
Sep 2025$1.4 B
Dec 2025$1.6 B
Mar 2026$2.1 B
Jun 2026$2.6 B

Growth on a year earlier

  • Growth on a year earlier 112.5%
Growth on a year earlier
QuarterGrowth on a year earlier
Dec 2023–
Mar 2024–
Jun 2024–
Sep 2024–
Dec 2024544%
Mar 2025420.4%
Jun 2025206.5%
Sep 2025133.7%
Dec 2025110.4%
Mar 2026111.6%
Jun 2026112.5%
Top: revenue each quarter, $ B. Below: growth on the same quarter a year earlier, %. Last 12 quarters. A grey bar is lower than the quarter before.

Recent pace: the last four quarters grew +117.0% on average, against 586.9% a year over the longer run, so this year is growing slower than its own long-run rate.

How much of every $100 of sales does CoreWeave keep?

CoreWeave, Inc.'s operating margin was −1.9% in the Jun 2026 quarter, 3.5 percentage points lower than the same quarter a year ago. Across 4 years it has been between −144.5% and 16.9%. The latest quarter is within that range.

Operating margin is what is left from every $100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why the margin moved: operating margin changed −3.5 percentage points on the year while gross margin changed −8.3 points. So the drop came mostly from the gross margin, which means input costs and prices charged.

FY25: −0.3%, within a range of −144.5% to 16.9% over 4 years

  • Operating margin −0.3%
FY25: −0.3%, within a range of −144.5% to 16.9% over 4 years
QuarterOperating margin
FY22−144.5%
FY23−6.1%
FY2416.9%
FY25−0.3%

Change on the year before (points)

  • Change on the year before (points) −17.2 pts
Change on the year before (points)
QuarterChange on the year before (points)
FY22–
FY23+138.4 pts
FY24+23.0 pts
FY25−17.2 pts
Operating margin each year, % (top). Below: change on the year before, in percentage points. 4-year window.

Jun 2026: operating margin −1.9% (−3.5 points on a year earlier)

  • Operating margin −1.9%
Jun 2026: operating margin −1.9% (−3.5 points on a year earlier)
QuarterOperating margin
Dec 2023−1.6%
Mar 20248.9%
Jun 202419.7%
Sep 202420.1%
Dec 202415%
Mar 2025−2.7%
Jun 20251.6%
Sep 20253.8%
Dec 2025−5.7%
Mar 2026−6.9%
Jun 2026−1.9%

Change on a year earlier (points)

  • Change on a year earlier (points) −3.5 pts
Change on a year earlier (points)
QuarterChange on a year earlier (points)
Dec 2023–
Mar 2024–
Jun 2024–
Sep 2024–
Dec 2024+16.6 pts
Mar 2025−11.6 pts
Jun 2025−18.1 pts
Sep 2025−16.3 pts
Dec 2025−20.7 pts
Mar 2026−4.2 pts
Jun 2026−3.5 pts
Top: quarterly operating margin, %. Below: change on the same quarter a year earlier, in percentage points. Last 12 quarters. Operating profit as a share of revenue, each quarter.

Is CoreWeave's profit turning into cash?

CoreWeave, Inc.'s cash-flow history is too short to judge how much of its profit turns into cash. In FY25 it brought in $3.1 B of operating cash against −$1.2 B of profit. After $10.3 B of spending on assets, free cash was −$7.3 B: it spent more than its operations brought in.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

FY25: operating cash $3.1 B against profit −$1.2 B

  • Operating cash $3.1 B
  • Net profit −$1.2 B
  • Free cash −$7.3 B
FY25: operating cash $3.1 B against profit −$1.2 B
QuarterOperating cashNet profitFree cash
FY22$910 K−$31.1 M−$71.5 M
FY23$1.8 B−$594 M−$1.1 B
FY24$2.7 B−$937 M−$6.0 B
FY25$3.1 B−$1.2 B−$7.3 B
Operating cash flow and net profit each year, $ B. The line is free cash flow: operating cash minus spending on assets. 4-year window, yearly figures.

Jun 2026: operating cash $679 M

  • Operating cash (quarterly) $679 M
Jun 2026: operating cash $679 M
QuarterOperating cash (quarterly)
Dec 2023$43.6 M
Mar 2024$2.0 B
Jun 2024−$118 M
Sep 2024$641 M
Dec 2024$187 M
Mar 2025$61.0 M
Jun 2025−$251 M
Sep 2025$1.7 B
Dec 2025$1.6 B
Mar 2026$3.0 B
Jun 2026$679 M
Operating cash each quarter, $ B. Last 11 quarters.

What to look at next: the main use of cash is spending on assets. The next section checks what that spending is building.

Where does CoreWeave's cash go?

CoreWeave, Inc. does not report the customer, stock and supplier day counts a cash cycle needs, so this section looks at its spending on assets instead. It spent $22.0 B on assets over the last 3 years. Averaged over those years that is 142.6% of FY25 revenue a year.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

Nothing is estimated in place of the missing day counts, so no cash-cycle chart is drawn.

Spending on assets: $22.0 B over the last 3 years.

FY25: capex $10.3 B, steady spending

  • Capex $10.3 B
FY25: capex $10.3 B, steady spending
QuarterCapex
FY22$72.4 M
FY23$2.9 B
FY24$8.7 B
FY25$10.3 B
Capital spending each year, $ B.

Jun 2026: capex $6.4 B in the quarter

  • Capex (quarterly) $6.4 B
Jun 2026: capex $6.4 B in the quarter
QuarterCapex (quarterly)
Dec 2023$1.2 B
Mar 2024$1.7 B
Jun 2024$2.2 B
Sep 2024$1.2 B
Dec 2024$3.5 B
Mar 2025$1.4 B
Jun 2025$2.5 B
Sep 2025$2.4 B
Dec 2025$4.1 B
Mar 2026$7.7 B
Jun 2026$6.4 B

Free cash

  • Free cash −$5.7 B
Free cash
QuarterFree cash
Dec 2023−$1.1 B
Mar 2024$297 M
Jun 2024−$2.4 B
Sep 2024−$574 M
Dec 2024−$3.3 B
Mar 2025−$1.3 B
Jun 2025−$2.7 B
Sep 2025−$700 M
Dec 2025−$2.5 B
Mar 2026−$4.7 B
Jun 2026−$5.7 B
Top: capital spending each quarter, $ B. Below: free cash flow, $ B. Last 11 quarters.

In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns.

What is CoreWeave's P/E ratio, and how does it compare with its own history?

CoreWeave, Inc. has no P/E right now, because its earnings are negative. The revenue and margin sections are where a turn would show first. Measured against sales instead, the market values CoreWeave, Inc. at 5.0× its FY25 revenue of $5.1 B. The P/E comes back here once profit turns positive.

P/E is the share price divided by a year's profit per share: how many dollars the market pays for each dollar of yearly profit.

—P/E · earnings negative
n/mPEG · cannot be worked out, because 3-year earnings growth is not available

Is the CoreWeave business getting better or worse?

CoreWeave, Inc.'s business trend cannot be read yet. There are fewer than eight usable quarters of growth figures, so there is not enough history to read the trend. This is based on 7 quarters of 1 measure, with some gaps.

Every business is somewhere on a path of getting better or worse, and this section names where. The last 12 quarters of growth in revenue, profit and earnings per share, plus the return the business earns on its capital, are read as lines. Getting worse: the lines are falling. Turning around: a low point has just formed and the last few quarters are rising from it. Getting better: the rise from the low has lasted. Growing steadily: steady growth with healthy returns. Slowing from a peak: still high, but slowing. When the lines disagree the result is mixed; too little history means no reading. CAGR (compound annual growth rate) is the steady yearly rate that would turn the starting value into the latest one. It is the fairest way to compare growth over different periods. If the 1-year figure is much bigger than the 10-year one, recent growth is running faster than the long-run trend. A dash means there is no figure for that period, or the starting year was a loss, where a growth rate means nothing.

Growth year by year: revenue +167.9% in FY25

  • Revenue growth 167.9%
Growth year by year: revenue +167.9% in FY25
QuarterRevenue growth
FY22–
FY231,346.6%
FY24736.2%
FY25167.9%
Growth on the year before, each year, %. Top: revenue. Zero line drawn.

Three growth lines over twelve quarters

  • Revenue 112.5%
Three growth lines over twelve quarters
QuarterRevenue
Dec 2023–
Mar 2024–
Jun 2024–
Sep 2024–
Dec 2024300%
Mar 2025300%
Jun 2025206.5%
Sep 2025133.7%
Dec 2025110.4%
Mar 2026111.6%
Jun 2026112.5%
Growth on a year earlier, % at each quarter end. Top: revenue. Each is measured over the last 12 months. Where the 12-month history is short, the line uses single-quarter growth instead, which is noisier; extreme jumps from a tiny base are evened out before reading. Extreme jumps from a tiny base are drawn at the edge (▲). A gap means there is no reading for that quarter.

ROCE: the return line, worked out each quarter

  • ROCE −0.6%
ROCE: the return line, worked out each quarter
QuarterROCE
Dec 2023–
Mar 2024–
Jun 2024–
Sep 2024–
Dec 20243.8%
Mar 20253%
Jun 20252%
Sep 20250.9%
Dec 2025−0.2%
Mar 2026−0.6%
Jun 2026−0.6%
Operating profit over the last 12 months (before interest and tax) as a share of average capital employed (total assets minus current liabilities), %.
Stuck lowROCE · latest −0.6%, range −0.6% to 3.8%

Why it matters: with too little history, we say so rather than guess a direction.

One or more growth lines have an extreme jump caused by comparing with a near-zero or loss-making quarter. Those jumps are capped before reading and drawn at the edge of the chart, so one odd quarter does not decide the result.

There are fewer than eight usable quarters, so this page does not guess a direction from so little history.

Compound annual growth rate (%)

Compound annual growth rate over each period, %. Revenue, profit and EPS come from yearly figures; the stock price row is price growth over the same periods. A dash means no figure for that period, or the starting year was a loss.

Compound annual growth rate (%)
Measure1yr3yr5yr10yr
Revenue+167.9%+586.9%——
Stock price−55.4%———
+112.5%Revenue growth (Jun 2026) · latest quarter against a year ago
586.9%Revenue, 3 years · yearly growth over the long run

How much does CoreWeave earn on its capital?

CoreWeave, Inc. earned a ROE of −36% in FY25. That is up from a low of −72% in FY24. We cannot compare its return on capital used with its cost of capital from the data we have. It comes from a −23.3% net margin and 0.10× asset turnover (sales divided by assets).

Return on equity (ROE) is the profit the business earns on its shareholders’ money. We do not have the full capital split, so ROE is the longest history we can draw here.

Why the return is what it is (FY25): a −23.3% net margin × 0.10× asset turnover × 14.78× leverage (assets divided by equity) ≈ −34.4% on equity. The margin does its share; borrowing is a big part of it.

FY25: ROE −36%, the climb back from FY24's −72%

  • ROE −35.9%
FY25: ROE −36%, the climb back from FY24's −72%
QuarterROE
FY23450.3%
FY24−71.6%
FY25−35.9%
Return on equity each year, % (line). 3-year window, low years included.

Jun 2026: ROE −43.6% (last 12 months)

  • ROE (12 months) −43.6%
Jun 2026: ROE −43.6% (last 12 months)
QuarterROE (12 months)
Sep 20230%
Dec 2024−146.8%
Sep 2025−29.1%
Dec 2025−50.3%
Mar 2026−40.7%
Jun 2026−43.6%
ROE over the last 12 months, each quarter, %. Last 6 quarters, lined up with the yearly figure.

Does CoreWeave have too much debt?

CoreWeave, Inc. has total debt of $51.6 B against shareholder equity of $5.0 B as of Jun 2026, so its debt is 10.27× its equity. Year by year, that ratio went from −15.16 in FY23 to 8.94 in FY25. Keep that borrowing in mind when reading the returns on this page.

Debt-to-equity shows how much of the business is paid for with borrowed money. Lower is safer, and the direction matters as much as the level.

FY25: debt $29.8 B, 8.94× equity

  • Total debt $29.8 B
FY25: debt $29.8 B, 8.94× equity
QuarterTotal debt
FY23$2.0 B
FY24$10.6 B
FY25$29.8 B

Debt-to-equity

  • Debt-to-equity 8.94×
Debt-to-equity
QuarterDebt-to-equity
FY23−15.2×
FY248.12×
FY258.94×
Top: total debt each year, $ B. Below: debt-to-equity, ×. 3-year window.

Jun 2026: debt $51.6 B, debt-to-equity 10.27

  • Total debt (quarterly) $51.6 B
Jun 2026: debt $51.6 B, debt-to-equity 10.27
QuarterTotal debt (quarterly)
Sep 2023$2.0 B
Dec 2023$2.0 B
Mar 2024$2.0 B
Sep 2024$6.3 B
Dec 2024$10.6 B
Mar 2025$11.9 B
Jun 2025$14.6 B
Sep 2025$18.8 B
Dec 2025$29.8 B
Mar 2026$35.1 B
Jun 2026$51.6 B

Debt-to-equity

  • Debt-to-equity 10.3×
Debt-to-equity
QuarterDebt-to-equity
Sep 2023−15.2×
Dec 2023−15.2×
Mar 2024−15.2×
Sep 20244.55×
Dec 20248.12×
Mar 20253.88×
Jun 20253.81×
Sep 20254.85×
Dec 20258.94×
Mar 20267.39×
Jun 202610.3×
Top: total debt each quarter, $ B. Below: debt-to-equity, ×. Last 11 quarters.

What is the CoreWeave shareholding pattern?

21.3% of CoreWeave, Inc.'s tradable shares are in short positions, which are bets that the price will fall, so a large group of traders is betting against it. At normal trading volumes, closing those positions would take about 1.8 days. US companies do not publish a quarter-by-quarter list of owners, so this page uses short interest instead.

There is no quarter-by-quarter list of owners here, so we look at short interest: the share of tradable shares held in short positions, which gain if the price falls.

It is a single reading at one point in time; we do not have its history.

21.3%Short interest · of the tradable float
1.8Days to cover · at typical volumes

Why it is at this level: the figure does not say who has the short positions or why, so we show the level without guessing the story.

How far is CoreWeave from balance-sheet trouble?

For CoreWeave, Inc., the Z-score is 0.29. A Z-score above about 3 is safe and below about 1.8 signals danger, so this is in the danger zone. It estimates how far the balance sheet is from trouble; it is not a forecast of failure.

The Z-score estimates how far a company is from balance-sheet trouble. Above about 3 is safe; below about 1.8 is the danger zone. It was built for manufacturers, so it is not used for banks and lenders.

Why it matters: a Z-score of 0.29 is inside the danger zone, so the balance sheet is a real risk.

How does CoreWeave rank in its industry?

33.6 out of 100, rank 28 of 28 in Software - Infrastructure, with 48% of the evidence available. It is provisional, so it is ranked below companies with full evidence.

CoreWeave, Inc. scores 33.6 out of 100 against the 28 companies it is compared with in Software - Infrastructure, ranking 28. Some evidence is missing, so the score is pulled toward the middle on purpose.

The four parts add up to the total exactly: 15.8 + 7.5 + 10 + 0.3 = 33.6. This is the same number shown on the industry page; it is worked out once for the whole group and read here.

What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector.

Which companies is CoreWeave compared with?

CoreWeave ranks 28 of 28 Software - Infrastructure companies on the 4-Factor Sector Score, with 33.6 out of 100.

  1. 1Corpay, Inc.CPAY · leader · Most evidence points up · 81% evidence72.7out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 20.9/35 · Revenue 21.2% · Profit 17.3% · Operating margin change 0.1 points · 83% evidenceCapital efficiency 19.9/25 · ROCE 22.4% · Operating margin 44.7% · 76% evidenceValuation 13.5/20 · P/E 20.7× · PEG 0.88 · 65% evidenceRelative strength 18.4/20 · Lead over its industry 17.6% · Lead over S&P 500 28.3% · 1 year 64.7% · 100% evidence · 11 of 12 weeks aheadExact sum: 20.9 + 19.9 + 13.5 + 18.4 = 72.7 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer.
  2. 2GoDaddy Inc.GDDY · breaking out · Most evidence points up · 81% evidence71.7out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 20.0/35 · Revenue 6.4% · Profit 15.9% · Operating margin change 3.3 points · 83% evidenceCapital efficiency 20.1/25 · ROCE 28.4% · Operating margin 27.2% · 76% evidenceValuation 15.7/20 · P/E 12.6× · PEG 0.48 · 65% evidenceRelative strength 15.9/20 · Lead over its industry 3.8% · Lead over S&P 500 13.5% · 1 year -13.4% · 100% evidence · 11 of 12 weeks aheadExact sum: 20 + 20.1 + 15.7 + 15.9 = 71.7 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer.
  3. 3Microsoft CorporationMSFT · breaking out · Most evidence points up · 81% evidence69.3out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 18.8/35 · Revenue 17.9% · Profit 36% · Operating margin change 0.9 points · 83% evidenceCapital efficiency 20.3/25 · ROCE 26% · Operating margin 49.8% · 76% evidenceValuation 14.0/20 · P/E 26.7× · PEG 0.74 · 65% evidenceRelative strength 16.2/20 · Lead over its industry 6.3% · Lead over S&P 500 15.9% · 1 year 6.8% · 100% evidence · 12 of 12 weeks aheadExact sum: 18.8 + 20.3 + 14 + 16.2 = 69.3 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer.
  4. 4NetApp, Inc.NTAP · losing its lead · Most evidence points up · 81% evidence69.2out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 23.3/35 · Revenue 12.2% · Profit 21.1% · Operating margin change 6.8 points · 83% evidenceCapital efficiency 20.5/25 · ROCE 30.1% · Operating margin 26.7% · 76% evidenceValuation 12.6/20 · P/E 24.7× · PEG 0.97 · 65% evidenceRelative strength 12.8/20 · Lead over its industry 8.6% · Lead over S&P 500 16.7% · 1 year 49.7% · 100% evidence · 11 of 12 weeks aheadExact sum: 23.3 + 20.5 + 12.6 + 12.8 = 69.2 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks.
  5. 5Palantir Technologies Inc.PLTR · quiet · Evidence leans up · 71% evidence64.9out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 29.9/35 · Revenue 87% · Profit 100% · Operating margin change 13.6 points · 83% evidenceCapital efficiency 19.8/25 · ROCE 28.6% · Operating margin 46.9% · 76% evidenceValuation 8.9/20 · P/E 122.5× · PEG — · 15% evidenceRelative strength 6.3/20 · Lead over its industry -8.6% · Lead over S&P 500 -0.4% · 1 year -9.9% · 100% evidence · 11 of 12 weeks aheadExact sum: 29.9 + 19.8 + 8.9 + 6.3 = 64.9 · What this means: Earnings are strong; relative strength in its sector is -8.6% and the one-year return is -9.9%.
  6. 6Toast, Inc.TOST · turning · Evidence leans up · 71% evidence64.2out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 26.4/35 · Revenue 22.1% · Profit 100% · Operating margin change 3.5 points · 83% evidenceCapital efficiency 15.3/25 · ROCE 22.2% · Operating margin 8.6% · 76% evidenceValuation 10.1/20 · P/E 30.5× · PEG — · 15% evidenceRelative strength 12.4/20 · Lead over its industry 1.7% · Lead over S&P 500 11.2% · 1 year -6.3% · 100% evidence · 8 of 12 weeks aheadExact sum: 26.4 + 15.3 + 10.1 + 12.4 = 64.2 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer.
  7. 7Gen Digital Inc.GEN · turning · Evidence leans up · 68% evidence62.8out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 20.8/35 · Revenue — · Profit — · Operating margin change 0.9 points · 45% evidenceCapital efficiency 18.3/25 · ROCE 18.6% · Operating margin 37.4% · 76% evidenceValuation 7.6/20 · P/E 10.9× · PEG 2.67 · 65% evidenceRelative strength 16.1/20 · Lead over its industry 6.9% · Lead over S&P 500 16.6% · 1 year 15.6% · 100% evidence · 6 of 12 weeks aheadExact sum: 20.8 + 18.3 + 7.6 + 16.1 = 62.8 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer.
  8. 8Okta, Inc.OKTA · leader · Evidence leans up · 71% evidence58.0out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 21.7/35 · Revenue 11.2% · Profit 76.2% · Operating margin change 7.7 points · 83% evidenceCapital efficiency 9.4/25 · ROCE 3.3% · Operating margin 13.3% · 76% evidenceValuation 9.3/20 · P/E 83.3× · PEG — · 15% evidenceRelative strength 17.6/20 · Lead over its industry 33% · Lead over S&P 500 41.9% · 1 year 98% · 100% evidence · 12 of 12 weeks aheadExact sum: 21.7 + 9.4 + 9.3 + 17.6 = 58 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer.
  9. 9Rubrik, Inc.RBRK · leader · Evidence leans up · 61% evidence57.6out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 24.8/35 · Revenue 42.5% · Profit — · Operating margin change 13.7 points · 62% evidenceCapital efficiency 3.6/25 · ROCE -19.3% · Operating margin -16.8% · 76% evidenceValuation 10.0/20 · P/E — · PEG — · 0% evidenceRelative strength 19.2/20 · Lead over its industry 27.2% · Lead over S&P 500 36.4% · 1 year 44.8% · 100% evidence · 12 of 12 weeks aheadExact sum: 24.8 + 3.6 + 10 + 19.2 = 57.6 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer.
  10. 10Samsara Inc.IOT · breaking out · Evidence leans up · 64% evidence54.5out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 24.0/35 · Revenue 29.5% · Profit — · Operating margin change 7.8 points · 62% evidenceCapital efficiency 6.7/25 · ROCE 1.1% · Operating margin 1% · 76% evidenceValuation 8.8/20 · P/E 239.8× · PEG — · 15% evidenceRelative strength 15.0/20 · Lead over its industry 4.9% · Lead over S&P 500 14% · 1 year 5.5% · 100% evidence · 11 of 12 weeks aheadExact sum: 24 + 6.7 + 8.8 + 15 = 54.5 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer.
  11. 11Nutanix, Inc.NTNX · quiet · Evidence leans up · 71% evidence54.4out of 100GrowthCapitalValuationRelative
  12. 12Oracle CorporationORCL · quiet · Evidence leans up · 81% evidence53.7out of 100GrowthCapitalValuationRelative
  13. 13Twilio Inc.TWLO · losing its lead · Evidence leans up · 71% evidence53.2out of 100GrowthCapitalValuationRelative
  14. 14CrowdStrike Holdings, Inc.CRWD · leader · Evidence leans up · 64% evidence50.6out of 100GrowthCapitalValuationRelative
  15. 15Fortinet, Inc.FTNT · losing its lead · Evidence leans down · 81% evidence48.9out of 100GrowthCapitalValuationRelative
  16. 16Zscaler, Inc.ZS · breaking out · Evidence leans down · 64% evidence47.4out of 100GrowthCapitalValuationRelative
  17. 17Synopsys, Inc.SNPS · breaking out · Evidence leans down · 81% evidence47.1out of 100GrowthCapitalValuationRelative
  18. 18Check Point Software Technologies Ltd.CHKP · turning · Evidence leans down · 81% evidence46.5out of 100GrowthCapitalValuationRelative
  19. 19Block, Inc.XYZ · turning · Evidence leans down · 71% evidence45.5out of 100GrowthCapitalValuationRelative
  20. 20SailPoint, Inc.SAIL · breaking out · Evidence leans down · 61% evidence42.5out of 100GrowthCapitalValuationRelative
  21. 21Cloudflare, Inc.NET · losing its lead · Evidence leans down · 61% evidence42.2out of 100GrowthCapitalValuationRelative
  22. 22Palo Alto Networks, Inc.PANW · losing its lead · Evidence leans down · 71% evidence40.8out of 100GrowthCapitalValuationRelative
  23. 23MongoDB, Inc.MDB · quiet · Evidence leans down · 64% evidence40.7out of 100GrowthCapitalValuationRelative
  24. 24VeriSign, Inc.VRSN · breaking out · Evidence leans down · 81% evidence40.0out of 100GrowthCapitalValuationRelative
  25. 25F5, Inc.FFIV · losing its lead · Evidence leans down · 81% evidence35.2out of 100GrowthCapitalValuationRelative
  26. 26Akamai Technologies, Inc.AKAM · quiet · Most evidence points down · 81% evidence34.6out of 100GrowthCapitalValuationRelative
  27. 27Cerebras Systems Inc.CBRS · quiet · Too little evidence to rank firmly · 28% evidence44.2out of 100GrowthCapitalValuationRelative
  28. 28CoreWeave, Inc. this pageCRWV · quiet · Too little evidence to rank firmly · 48% evidence33.6out of 100GrowthCapitalValuationRelative
    How the score adds upGrowth & earnings 15.8/35 · Revenue 100% · Profit — · Operating margin change -3.5 points · 40% evidenceCapital efficiency 7.5/25 · ROCE -0.4% · Operating margin -1.9% · 57% evidenceValuation 10.0/20 · P/E — · PEG — · 0% evidenceRelative strength 0.3/20 · Lead over its industry -53.1% · Lead over S&P 500 -48.1% · 1 year -55.4% · 100% evidence · 1 of 12 weeks aheadExact sum: 15.8 + 7.5 + 10 + 0.3 = 33.6 · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose.

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led S&P 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led S&P 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read.

The figures in this ranking come from the industry comparison: results through the Dec 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section.

Related companies: Software - Infrastructure, all 28 compared on one page.

Which companies are close to CoreWeave in size?

CoreWeave is the 16th largest of 117 Software - Infrastructure companies on Sector Alpha by market value (scores of 6 November 2026). Just above it: Okta, Inc., Corpay, Inc. and VeriSign, Inc. Just below it: MongoDB, Inc., Samsara Inc. and Rubrik, Inc.

Software - Infrastructure companies close in size

  1. Okta, Inc. $29.5 billion
  2. Corpay, Inc. $29.1 billion
  3. VeriSign, Inc. $27.7 billion
  4. CoreWeave, Inc. $25.6 billion
  5. MongoDB, Inc. $25.2 billion
  6. Samsara Inc. $24 billion
  7. Rubrik, Inc. $21.9 billion

All 117 Software - Infrastructure companies, largest first

Companies close in size in other industries

  1. HP Inc. $25.7 billion · Computer Hardware
  2. Darden Restaurants, Inc. $25.6 billion · Restaurants
  3. CoreWeave, Inc. $25.6 billion
  4. Las Vegas Sands Corp. $25.5 billion · Resorts & Casinos
  5. Casey's General Stores, Inc. $25.4 billion · Specialty Retail

What else do people ask about CoreWeave?

What were CoreWeave's latest quarterly results?

CoreWeave, Inc. reported revenue of $2.6 B and a net loss of $626 M for the Jun 2026 quarter. Earnings per share were −$1.14. The operating margin was −1.9%, 3.5 percentage points lower than a year earlier (as of 6 November 2026).

What is CoreWeave's market cap?

CoreWeave, Inc.'s market capitalisation is $25.6 B at a stock price of $46.34. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 6 November 2026).

How is CoreWeave performing?

CoreWeave, Inc.'s share price has been falling for 12 weeks. Over the past 13 weeks it has done worse than the S&P 500, for 5 weeks running. This describes what the data did, not a rating (as of 6 November 2026).

Will CoreWeave's stock price go up?

This page does not forecast CoreWeave, Inc.'s stock price. What it shows instead: the stock price is $46.34, and it has been falling for 12 weeks. Nobody can reliably say which way a price will move, and this site does not try (as of 6 November 2026).

Where is CoreWeave in its business cycle?

CoreWeave, Inc.'s FY25 operating margin was −0.3%, against a 4-year range of −144.5% to 16.9%: the middle of its own range, neither a peak nor a low. The latest quarter was −1.9%.

Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 6 November 2026).

What could break the CoreWeave story?

Biggest thing to watch: the price is not yet in a clear uptrend, so timing is the risk more than the business.

On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 6 November 2026).

Is CoreWeave a stock worth studying right now?

What the numbers show: CoreWeave, Inc.'s share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. The main open question: the next one or two quarters of results.

Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 6 November 2026).

Where do these numbers come from?

Sector Alpha, written by code from the published numbers. Data as of 6 November 2026.

Every chart on this page is drawn by code from the published figures, with no forecasts and no price opinions.

See the plain-text version of this page.

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