CoreWeave, Inc. (CRWV) Stock Price & Analysis
CoreWeave, Inc. (CRWV) closed at USD 55.6 on Thursday, October 22, 2026, down 10.06% on the day. The US market is currently closed; this is not a live price.
The prior close was USD 61.82; the Oct 22, 2026 session ranged USD 54.85–60.41 on volume of 81,234,057 shares. Market capitalization is $30.67B, with a 52-week range of USD 53.5–141.79 (NMS). Source: Nexqual, retrieved October 23, 2026 at 07:56 UTC.
Also available as compact Markdown for AI agents: nexqual.com/CRWV.md
Key facts (CRWV)
- Last four reported quarters (through Jun 30, 2026): revenue $7.59B, net income -$1.93B (-25.4% margin), free cash flow -$13.7B (SEC filings).
- 1 of 80 tracked superinvestors hold CRWV (13F, Q2 2026): 1 new, 0 added, 0 reduced, 0 unchanged.
- Analysts: Buy (mean 2.14 on a 1–5 scale) (42 analysts), mean target USD 136.21 (range 39–278).
- Total return with dividends: 1Y -54.9% vs S&P 500 +14.9%; 5Y +39.0% vs S&P 500 +80.3%.
- Next earnings: 2026-11-11, EPS estimate USD -1.55, revenue estimate $3.54B.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (CRWV)
| USD | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|
| Revenue | $229M | $1.92B | $5.13B | $7.59B |
| Gross profit | $160M | $1.42B | $3.68B | — |
| Operating income | -$14.0M | $324M | -$46.0M | -$231M |
| Net income | -$594M | -$863M | -$1.17B | -$1.93B |
| EPS (diluted) | -$3.09 | -$4.30 | -$2.81 | — |
| Free cash flow | -$1.11B | -$5.95B | -$7.25B | -$13.7B |
| Gross margin | 69.9% | 74.3% | 71.7% | — |
| Operating margin | -6.1% | 16.9% | -0.9% | -3.0% |
| Net margin | -259.4% | -45.1% | -22.7% | -25.4% |
| Revenue growth | — | +736.2% | +167.9% | — |
| Cash + short-term investments | $217M | $1.36B | $3.16B | — |
| Total debt | — | $7.93B | $21.4B | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (CRWV)
P/S 4.0x · P/B 6.1x · FCF yield -44.53% · Earnings yield -6.29%
Superinvestors (SEC 13F-HR, Q2 2026) (CRWV)
1 of 80 tracked investors hold CRWV. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| David Tepper | Appaloosa Management | 1.44% | $107M | New position |
Analysts (CRWV)
Consensus Buy (mean 2.14 on a 1–5 scale), 42 analysts; mean target USD 136.21 (low 39, high 278).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-21 | Piper Sandler | Target lowered | Overweight | $153 → $124 |
| 2026-10-20 | HSBC | Reiterated | Reduce | $39 |
| 2026-10-19 | Goldman Sachs | Upgrade | Neutral → Buy | $106 |
| 2026-10-15 | Mizuho | Target lowered | Neutral | $115 → $88 |
| 2026-10-05 | Freedom Capital Markets | Maintained | Buy | $151 |
| 2026-10-02 | Cantor Fitzgerald | Reiterated | Overweight | $176 |
| 2026-10-01 | Rosenblatt | Maintained | Buy | $250 |
| 2026-09-30 | William Blair | Initiated | Outperform | |
| 2026-09-30 | Freedom Capital Markets | Maintained | Buy | $151 |
| 2026-09-24 | JP Morgan | Upgrade | Neutral → Overweight | $120 → $125 |
| 2026-09-23 | UBS | Initiated | Buy | $120 |
| 2026-09-21 | Rothschild & Co | Initiated | Sell | $54 |
Total return (dividends reinvested) (CRWV)
| 1Y (from 2025-10-23) | 5Y (from 2025-03-24) | |
|---|---|---|
| Total return | -54.9% | +39.0% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | -55.0% | +23.1% |
| Volatility (annualized) | 95.8% | 101.0% |
| Max drawdown | -60.3% (Oct 2025→Oct 2026) | -69.7% (Jun 2025→Oct 2026) |
CRWV revenue by region (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| United States | $2.39B | 92.8% | +108.1% |
| All other countries | $186.0M | 7.2% | +190.6% |
| Total revenue | $2.58B | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
CRWV suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Supplier | TSMC (TSM) | “For example, NVIDIA relies on suppliers such as Taiwan Semiconductor Manufacturing Company for semiconductor fabrication and other manufacturers for compute and networking components.” |
| Customer | NVIDIA (NVDA) | “deploy the industry's most advanced hardware and architectures first—including NVIDIA GB200 and GB300 NVL72 systems for mission-critical AI—gives our customers a measurable edge in performance, efficiency, and scale.” |
| Customer | Microsoft (MSFT) | “We recognized an aggregate of approximately 67% of our revenue from our top customer, Microsoft, for the year ended December 31, 2025.” |
| Customer | OpenAI | “In May 2025, we entered into a master services agreement with OpenAI OpCo, LLC ("OpenAI") and in September 2025, we entered into an order form under this master services agreement pursuant to which OpenAI has committed to pay us up to approximately $6.5 billion through May 31, 2031 and, as a result, we expect OpenAI to be a significant customer in future periods.” |
| Customer | Meta Platforms (META) | “Similarly, in September 2025, we entered into an order form under an existing master services agreement pursuant to which Meta Platforms, Inc. ("Meta") initially committed to pay us up to approximately $14.2 billion through December 2031 and, as a result, we also expect Meta to be a significant customer in future periods.” |
| Customer | AMD (AMD) | “CoreWeave clusters also use cutting edge CPUs, including AMD and Intel chips, to power compute-intensive projects and to help our customers get more out of GPU compute.” |
| Customer | Intel (INTC) | “CoreWeave clusters also use cutting edge CPUs, including AMD and Intel chips, to power compute-intensive projects and to help our customers get more out of GPU compute.” |
| Customer | Weights & Biases | “This first joint offering from Weights & Biases and OpenPipe enhances our customers' ability to train with RL—quickly, easily, and at scale.” |
| Customer | OpenPipe | “This first joint offering from Weights & Biases and OpenPipe enhances our customers' ability to train with RL—quickly, easily, and at scale.” |
| Competitor | Amazon (AMZN) | “Key competitors that offer general purpose cloud computing services as part of a broader, diversified product portfolio include Amazon (AWS), Google (Google Cloud Platform), Microsoft (Azure), and Oracle, a number of which are also our current customers.” |
| Competitor | Alphabet (Google) (GOOGL) | “Key competitors that offer general purpose cloud computing services as part of a broader, diversified product portfolio include Amazon (AWS), Google (Google Cloud Platform), Microsoft (Azure), and Oracle, a number of which are also our current customers.” |
| Competitor | Oracle (ORCL) | “Key competitors that offer general purpose cloud computing services as part of a broader, diversified product portfolio include Amazon (AWS), Google (Google Cloud Platform), Microsoft (Azure), and Oracle, a number of which are also our current customers.” |
Quoted from the company's 10-K filed Mar 2, 2026.
Companies that name CRWV in their SEC reports
| Relationship to CRWV | Company | Filing | Sentence |
|---|---|---|---|
| competitor | IREN Ltd (IREN) | 10-K Aug 27, 2026 | “As a global AI Cloud Services provider, we compete with hyperscalers, including Amazon Web Services, Google Cloud, Microsoft Azure and Oracle Cloud, as well as specialized AI Cloud Services providers, including CoreWeave, Nebius, Crusoe, Lambda, Nscale, SpaceX and others.” |
| competitor | ChronoScale Holdings Corp (CHRN) | 10-K Aug 19, 2026 | “Our primary competitors are cloud service providers, such as CoreWeave, Crusoe Energy, Lambda Labs, and Nebius Group.” |
| partner | Applied Digital Corp. (APLD) | 10-K Jul 29, 2026 | “Each lease is a direct, long-term agreement with CoreWeave or an investment-grade hyperscaler, is structured” |
| competitor | HIVE Digital Technologies Ltd. (HIVE) | 10-K Jun 2, 2026 | “We face competition from established data-center operators and infrastructure providers with significant capital resources, brand recognition and technical expertise, such as Equinix, Crusoe Cloud, Applied Digital and CoreWeave.” |
| competitor | Nebius Group N.V. (NBIS) | 20-F Apr 30, 2026 | “For our core AI infrastructure business, our key competitors are specialized cloud service providers focused on AI, including CoreWeave, Crusoe and Lambda.” |
| competitor | Digi Power X Inc. (DGXX) | 10-K Mar 31, 2026 | “Realty Trust, Inc., and CoreWeave, Inc., among others, as well as certain of our bitcoin mining competitors.” |
| competitor | Soluna Holdings, Inc (SLNH) | 10-K Mar 30, 2026 | “Our emerging HPC Business competes with leading data center firms such as Applied Digital, Digital Realty, NeoCloud companies such as Crusoe, CoreWeave, Lambda, FluidStack and Nebius.” |
| competitor | Bit Digital, Inc (BTBT) | 10-K Mar 27, 2026 | “operators in the U.S. WhiteFiber's primary competitors in the cloud service business are CoreWeave, Crusoe Energy, Nebius,” |
| competitor | WhiteFiber, Inc. (WYFI) | 10-K Mar 26, 2026 | “in the U.S. Our primary competitors in the cloud service business are CoreWeave, Crusoe Energy, Nebius, and Lambda Labs.” |
| supplier | Core Scientific, Inc./tx (CORZ) | 10-K Mar 2, 2026 | “CoreWeave for 200 MW of leased customer power capacity.” |
| supplier | Galaxy Digital Inc. (GLXY) | 10-K Feb 26, 2026 | “We expect that our AI/HPC data center business will initially be highly dependent on a single customer, CoreWeave, and may continue to derive a significant portion of the revenue of our Data Centers operating business segment from such single customer for the foreseeable future.” |
| competitor | Cipher Digital Inc. (CIFR) | 10-K Feb 24, 2026 | “Several companies compete in this industry, including: CoreWeave, Digital Realty, Equinix, Vantage Data Centers and Aligned Data Centers.” |
| competitor | CLEANSPARK, INC. (CLSK) | 10-K Nov 25, 2025 | “These competitors include Equinix, Inc., Digital Realty Trust, Inc., and CoreWeave, Inc., among others, as well as certain of our bitcoin mining competitors.” |
CRWV customer concentration
In the period ended Jun 30, 2026, 3 direct customers each accounted for at least 10% (36%, 26%, 10%) of revenue, per the company's 10-Q filed Aug 12, 2026. The company does not name them.
CRWV company outlook (results filed Aug 11, 2026)
- “Webcast and Conference Call Information CoreWeave will host an audio webcast to discuss the results for the second quarter of 2026, provide a business update, and share forward-looking guidance at 2:00 pm PT / 5:00 pm ET today.”
Quoted word-for-word from the SEC 8-K results press release.
CRWV analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $-1.55 | $-1.31 | +18.3% | $3.54B | 18 |
| Next quarter (ends Dec 2026) | $-1.08 | $-0.80 | +35.5% | $4.69B | 18 |
| Current fiscal year (ends Dec 2026) | $-5.18 | $-4.92 | +5.2% | $12.87B | 23 |
| Next fiscal year (ends Dec 2027) | $-4.59 | $-3.67 | +24.9% | $26.47B | 23 |
CRWV options: expected move
Options price a move of about ±22.9% (±$12.50) by Nov 13, 2026, which includes earnings on Nov 11, 2026; the earnings reaction alone is priced at about ±9.6%. Over the last 4 reports the stock moved ±18.3% on average.
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Oct 23, 2026 | 1 | 129.0% | ±5.5% |
| Oct 30, 2026 | 8 | 109.5% | ±13.2% |
| Nov 6, 2026 | 15 | 107.3% | ±17.6% |
| Nov 13, 2026 | 22 | 115.5% | ±22.9% |
| Nov 20, 2026 | 29 | 112.0% | ±25.5% |
| Nov 27, 2026 | 36 | 107.2% | ±27.1% |
| Dec 4, 2026 | 43 | 104.7% | ±28.9% |
| Dec 18, 2026 | 57 | 100.5% | ±32.0% |
30-day implied volatility 110% vs 82.8% realized over the last 30 trading days. Put/call ratio (volume) 0.86. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 23, 2026 at 07:56 UTC)
| Price | USD 55.6 |
|---|---|
| Change | ▼ 10.06% (down) |
| Previous Close | USD 61.82 |
| Open | USD 59.05 |
| Day Range | USD 54.85 – 60.41 |
| 52-Week Range | USD 53.5 – 141.79 |
| Volume | 81,234,057 shares |
| Market Cap | $30.67B |
| Exchange | NMS |
Technical Analysis (CRWV)
Nexqual's technical model rates CRWV "SELL" based on 2 bullish and 5 bearish signals across 127 daily candles, as of October 23, 2026 at 07:56 UTC.
| Overall Signal | SELL |
|---|---|
| RSI (14) | 26.44 (oversold) |
| vs SMA50 | Below (USD 84.31) |
| MACD | -7.29 (negative) |
Analyst Ratings (CRWV)
Wall Street analysts rate CRWV "Buy" based on 42 analysts, with a mean price target of USD 136.21 (range USD 39–278), per Nexqual as of October 23, 2026 at 07:56 UTC.
| Consensus Rating | Buy |
|---|---|
| Analyst Count | 42 |
| Mean Target | USD 136.21 |
| High Target | USD 278 |
| Low Target | USD 39 |
| Buy / Hold / Sell | 32 / 7 / 3 |
Earnings (CRWV)
| Next Earnings Date | 2026-11-11 |
|---|---|
| EPS Estimate | USD -1.21 |
| Revenue Estimate | $3.54B |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD -1.14 vs est -1.47 ▲ beat |
| 2026-03-31 | USD -1.4 vs est -1.2 ▼ miss |
| 2025-12-31 | USD -0.89 vs est -0.68 ▼ miss |
| 2025-09-30 | USD -0.22 vs est -0.48 ▲ beat |
Source: Nexqual, October 23, 2026 at 07:56 UTC.
Financials & Fundamentals (CRWV)
| Total Revenue | $7.59B |
|---|---|
| Revenue Growth (latest quarter, YoY) | +112.50% |
| Gross Margin | +67.42% |
| Operating Margin | -1.90% |
| Profit Margin | -25.40% |
| ROE | -43.60% |
| Debt / Equity | 10.27 |
| Current Ratio | 0.46 |
| Total Cash | $5.54B |
| Total Debt | $51.61B |
| Free Cash Flow (last four quarters to Jun 2026, SEC 10-Q / 10-K) | -$13.65B (-179.9% of revenue) |
Source: Nexqual, October 23, 2026 at 07:56 UTC.
Financial Health Score (CRWV)
Nexqual rates CoreWeave, Inc.'s overall financial health "Mixed" across five dimensions, as of October 23, 2026 at 07:56 UTC.
| Growth | Strong — Revenue +113% YoY (latest Q) |
|---|---|
| Profitability | Solid — Gross margin 67%, operating -2% (last 12 months) |
| Balance Sheet | Critical — $2.27B cash and investments vs $24.9B debt (Mar 2026, SEC) |
| Cash Flow | Weak — FCF negative: -$13.7B (last 4 quarters to Jun 2026, SEC), burning cash |
| Efficiency | Critical — ROE -44%, ROA -0.2% |
Ownership (CRWV)
| Insider Ownership | +18.62% |
|---|---|
| Institutional Ownership | +76.88% |
| Shares Outstanding | 458.87M |
| Float | 328.32M |
| Short % of Float | +19.24% |
Source: Nexqual, October 23, 2026 at 07:56 UTC.
Leadership (CRWV)
CoreWeave, Inc. is led by Michael N. Intrator, Co-founder, President, CEO & Chairman, per Nexqual as of October 23, 2026 at 07:56 UTC.
| Co-founder, President, CEO & Chairman | Michael N. Intrator |
|---|---|
| Co-Founder, Chief Strategy Officer & Director | Brian M. Venturo |
| CFO & Treasurer | Nitin Agrawal |
| Chief Revenue Officer | Jon Jones |
| Co-founder & CTO | Peter Salanki |
Major Backers & Investors (CRWV)
Notable institutional backers of CoreWeave, Inc. include Magnetar Financial LLC, Nvidia Corp , Goldman Sachs, according to Nexqual as of October 23, 2026 at 07:56 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Magnetar Financial LLC | 11.35% |
| Nvidia Corp | 10.29% |
| Goldman Sachs | 3.95% |
| Jane Street Group, LLC | 3.03% |
| Invesco | 2.7% |
| Alyeska Investment Group, L.p. | 2.37% |
| Value Aligned Research Advisors, LLC | 2.37% |
| ARK Invest | 0.57% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| Vanguard Group | 7.16% |
| BlackRock | 5.25% |
Source: Nexqual, October 23, 2026 at 07:56 UTC.
From CoreWeave, Inc.'s Latest SEC 10-K Filing (filed 2026-03-02)
Key Strengths & Strategy (as disclosed to the SEC)
- SUNK (Slurm on Kubernetes) helps customers deploy and operate large-scale Slurm-based AI research clusters on CoreWeave Cloud, leveraging our purpose-built infrastructure and integrated platform capabilities to support high-performance AI workloads.
- We deliver our cloud services through Infrastructure Services, Managed Software Services, and Application Software Services, including proprietary storage solutions, CoreWeave Mission Control, as well as developer tools, all critical to unlocking continued innovation of AI products.
- CoreWeave clusters also use cutting edge CPUs, including AMD and Intel chips, to power compute-intensive projects and to help our customers get more out of GPU compute.
- We continue to extend and enhance our foundational infrastructure with the latest GPU and CPU innovations, and expect to be among the first cloud providers to deploy the NVIDIA Rubin platform, expanding our support for large-scale inference, reasoning, and agentic AI.
Legal & Regulatory Risks (Item 1A, quoted)
- We are subject to laws and regulations, including governmental export and import controls, sanctions, and anti-corruption laws, that could impair our ability to compete in our markets and subject us to liability if we are not in full compliance with applicable laws.
- Our business is subject to a wide range of laws and regulations, and our failure to comply with those laws and regulations could harm our business.
- We are involved in litigation that may adversely affect us.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| MDB | MongoDB, Inc. | USD 362.24 | ▼ 7.3% |
| VRSN | VeriSign, Inc. | USD 304.59 | ▼ 0.87% |
| OKTA | Okta, Inc. | USD 201.33 | ▼ 3.5% |
| CPAY | Corpay, Inc. | USD 415.01 | ▲ 1.83% |
| FFIV | F5, Inc. | USD 450.08 | ▼ 1.86% |
| IOT | Samsara Inc. | USD 43.78 | ▲ 1.25% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 07:56 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt