CoreWeave CRWV
CoreWeave is a cloud infrastructure provider specialized in GPUs for AI workloads, renting computing capacity to enterprises and hyperscalers. CoreWeave is growing at an explosive pace (revenue +112.5%), but its financial health is very fragile: net debt/EBITDA of 12.16, negative operating margin, and deeply negative free cash flow. Valuation is demanding (EV/EBITDA 24.91) and refinancing risk is high in a rising rate environment.
Detailed metrics
Market and fundamental data as of the analysis date.
Full AI report
Generated automatically from the metrics, the macro context and the company's news.
CoreWeave is a cloud infrastructure provider specialized in GPUs for AI workloads, renting computing capacity to enterprises and hyperscalers. CoreWeave is growing at an explosive pace (revenue +112.5%), but its financial health is very fragile: net debt/EBITDA of 12.16, negative operating margin, and deeply negative free cash flow. Valuation is demanding (EV/EBITDA 24.91) and refinancing risk is high in a rising rate environment.
Score by category
| Category | Score |
|---|---|
| Financial health | 0.0 |
| Quality / Moat | 2.1 |
| Valuation | 2.8 |
| Growth | 10.0 |
| Dividend | 1.5 |
| Momentum | 1.0 |
| Risk & Context | 3.3 |
OVERALL SCORE: 3.4/10
Context and risks
CoreWeave is an AI hyperscaler financing its massive GPU capex with debt (ND/EBITDA of 12.16). The AI capex cycle is under scrutiny for sustainability, and rising 10-year yields make refinancing more expensive. Additionally, its dependence on a single client (Microsoft) and potential accelerated GPU depreciation are business model risks.
News considered in the analysis
- UBS makes bold call as CoreWeave faces $35 billion problem — El 'problema de 35 mil millones' se refiere a las obligaciones de deuda y arrendamiento de CoreWeave para financiar su expansión de GPU, un riesgo material para su salud financiera.
- 3 AI Stocks With Up To 120% Earnings Growth — Listículo genérico que menciona a CoreWeave como una de las acciones de IA con alto crecimiento, sin información nueva específica.
- ‘Big Short’ Fame Michael Burry Says Trump ‘Cannot Afford’ To Let AI Boom Fall — Opinión de un inversor famoso sobre el ciclo de IA, sin impacto directo en los fundamentales de CoreWeave.
- SK Hynix’s Solidigm Weighs IPO That Could Raise $15 Billion, Report Says — Noticia sobre un competidor indirecto en el espacio de almacenamiento, sin relevancia directa para CoreWeave.
- Is IREN (IREN) Cheap As Sector Selling And Mixed Views Test Its AI Buildout? — Análisis sobre otra empresa de IA, sin información nueva sobre CoreWeave.
Verdict: Avoid. The spectacular growth does not compensate for the extremely high leverage and lack of profitability; balance sheet risk is too high.
Main risk: Extreme leverage (ND/EBITDA 12.16) and dependence on external financing to sustain its GPU capex, in a rising rate environment and with deeply negative free cash flow.
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