CoreWeave, Inc. CRWV Ratios & Valuation
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 69.4%-2.3pp | 71.7%-2.2pp | 73.9%-0.6pp | 74.5%+0.2pp | 74.3%+0.1pp | |
| Operating margin | -2.6%-1.7pp | -0.9%-4.5pp | 3.6%-2.7pp | 6.3%-4.1pp | 10.3%-6.6pp | |
| Net margin | -25.6%-2.8pp | -22.7%-4.9pp | -17.8%+11.0pp | -28.8%+9.9pp | -38.7%+6.3pp | |
| Returns | ||||||
| Return on equity | -47.8%— | —— | —— | —— | —— | |
| Return on invested capital | -0.7%-0.4pp | -0.2%— | —— | —— | —— | |
| Efficiency | ||||||
| Asset turnover | 0.2×0.0× | 0.2×— | —— | —— | —— | |
| Liquidity | ||||||
| Current ratio | 0.3×-0.1× | 0.5×0.0× | 0.5×0.0× | 0.5×+0.1× | 0.4×0.0× | |
| Leverage | ||||||
| Debt-to-equity | 7.4×-1.6× | 8.9×+4.1× | 4.9×-0.6× | 5.5×-0.8× | 6.2×— | |
| Net debt / EBITDA | 10.6×0.0× | 10.7×+3.3× | 7.4×+0.6× | 6.8×+0.6× | 6.2×-1.0× | |
| Per Share | ||||||
| Book value per share | $9.03+18.1% | $7.65-1.8% | $7.79+42.6% | $5.46-28.6% | $7.65+503% | |
| Valuation | ||||||
| Market capitalization | $40.73B+14.1% | $35.68B-47.3% | $67.75B-18.2% | $82.85B— | —— | |
| Price / sales | 6.5×-0.4× | 7×-8.8× | 15.7×-7.8× | 23.5×— | —— | |
| Price / book | 8.6×-2.1× | 10.7×-6.8× | 17.5×-13.7× | 31.2×— | —— | |
| EV / EBITDA | 24.2×-1.3× | 25.5×-13.3× | 38.8×-12.9× | 51.7×— | —— |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- What are CoreWeave, Inc. 's profit margins?
- CoreWeave, Inc. (CRWV) runs a 69.4% gross margin and a -2.6% operating margin, with a -25.6% net margin.
- Where do CoreWeave, Inc. 's ratios come from?
- Every ratio is computed from CoreWeave, Inc. 's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.
