Rents GPU compute for AI training and inference from its own data centres.
Sector: AI cloud infrastructure
US_CRWV
Net debt (table and EV/EBITDA): |short-term borrowings| + |long-term borrowings| + |other financial liabilities| when extracted + |non-controlling interest| when extracted − |cash and equivalents|; amounts in millions of the reporting currency.
Shares: connector/market_inputs
Monetary columns are in B USD, one decimal; scale (K/M/B/T) keeps values readable. For the period (default) shows P&L and cash flow for that row’s reporting window: quarterly amounts when the feed uses quarter-duration facts (typical US 10-Q revenue and income), quarterly cash flows after stripping YTD where only cumulative tags exist, and an implied Q4 on 31 Dec FY rows (P&L: FY minus Q1–Q3; operating / investing cash flow: FY 12m minus 9M YTD to 30 Sep when sourced from SEC builder evidence) so they match 10-Q scale. Some issuers still use cumulative YTD minus the prior row in the same calendar year. As reported shows values stored on each row (e.g. full-year on FY). Balance sheet is always as reported. Source JSON may use millions etc.; conversion uses amounts_unit per row.
| Date | Period | Status | RevenueB USD | Operating profitB USD | D&AB USD | EBITDAB USD | Net profitB USD | Operating CFB USD | Capex + M&AB USD | AssetsB USD | EquityB USD | ROE (annualized) | Net debtB USD | Source |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026-06-30 | Q2 2026 (3M) | OK | — y/y 112.5% | — y/y -357.9% | — y/y 149.0% | — y/y 132.3% | — y/y — | — | 0.0 | 77.1 y/y 193.7% | 5.0 y/y 89.0% | -51.2% | 11.0 | Evidence |
| 2026-03-31 | Q1 2026 (3M) | OK | — y/y 111.6% | — y/y — | — y/y 158.9% | — y/y 141.1% | — y/y — | — | -7.7 | 55.6 y/y 154.2% | 4.8 y/y 149.7% | -73.1% | 22.6 | Evidence |
| 2025-12-31 | Q4 2025 (3M) | OK | — y/y — | — y/y — | — y/y — | — y/y — | — y/y — | — | -4.1 | 49.3 y/y 176.5% | 3.3 y/y — | -32.4% | 18.2 | Evidence |
| 2025-09-30 | Q3 2025 (3M) | OK | — y/y 133.7% | — y/y -55.7% | — y/y 148.2% | — y/y 83.9% | — y/y — | — | -2.4 | 32.9 y/y — | 3.9 y/y — | -4.5% | 12.1 | Evidence |
| 2025-06-30 | Q2 2025 (3M) | OK | — y/y 206.5% | — y/y -75.5% | — y/y 240.1% | — y/y 138.9% | — y/y — | — | -2.5 | 26.2 y/y — | 2.7 y/y — | -50.8% | 9.9 | Evidence |
| 2025-03-31 | Q1 2025 (3M) | OK | — y/y 420.4% | — y/y -260.7% | — y/y 457.2% | — y/y 332.0% | — y/y — | — | -1.4 | 21.9 y/y — | 1.9 y/y — | -168.9% | 7.4 | Evidence |
| 2024-12-31 | Q4 2024 (3M) | OK | — y/y — | — y/y — | — y/y — | — y/y — | — y/y — | — | -3.5 | 17.8 y/y — | -0.4 y/y — | 227.7% | 6.6 | Evidence |
| 2024-09-30 | Q3 2024 (3M) | PARTIAL | — y/y — | — y/y — | — y/y — | — y/y — | — y/y — | — | -1.2 | — y/y — | -0.3 y/y — | 69.1% | — | Evidence |
| 2024-06-30 | Q2 2024 (3M) | PARTIAL | — y/y — | — y/y — | — y/y — | — y/y — | — y/y — | — | -2.2 | — y/y — | -1.0 y/y — | 146.9% | — | Evidence |
| 2024-03-31 | Q1 2024 (3M) | PARTIAL | — y/y — | — y/y — | — y/y — | — y/y — | — y/y — | — | -1.7 | — y/y — | -0.7 y/y — | — | — | Evidence |
| Short-term debt (incl. ST leases) | 591 |
| Long-term debt (incl. LT leases) | 15 949 |
| − Cash & equivalents | 5 524 |
| Net debt | 11 016 |
|---|
Net debt / LTM EBITDA: 2.9x
Net debt / cash ($ mln)
| year | 2024 | 2025 |
|---|---|---|
| cash flow / profit | — | — |
| accruals, % of assets | -20.2% | -8.6% |
Our earnings breakdowns and investment notes on this issuer.
Value the company creates per year, as a % of market cap
Value created per year: -10.3%
| 1. EBITDA growth (latest quarter YoY, annualised) [EBITDA latest qtr − EBITDA year-ago qtr] × annualisation X = — | 587 |
| 2. Current EV/EBITDA (LTM) (Market cap + Net debt) ÷ EBITDA (LTM) = (29 913 + 11 016) ÷ 2 995 | 13.7x |
| 3. Target multiple (Current EV/EBITDA + 12) ÷ 2 = (13.7 + 12) ÷ 2 | 12.8x |
| 4. Cash flow (balance method, LTM) Net-debt reduction + dividends + buybacks − equity issuance = -15 179 + 0 + 0 − 0 | -10 616 |
| 5. Value created per year (EBITDA growth × Target multiple + Cash flow − Dilution) ÷ Market cap = (587 × 12.8 + -10 616) ÷ 29 913 | -10.3% |
Amounts in millions of the reporting currency. EBITDA growth is the latest quarter vs the same quarter a year ago, annualised.
Caveats:
No dividend rows found for this issuer (checked: Yahoo Finance (ex-div)).
Reporting forms detected in loaded periods: ✓ ✓ ✓ (Balance sheet / Profit or loss (P&L) / Cash flows)
Financial results, valuation multiples (P/E, P/B, EV/EBITDA), profitability and dividend yield of CoreWeave (CRWV) — from primary filings.
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