CoreWeave, Inc. CRWV Ratios & Valuation
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 69.4%-4.9pp | 71.7%-2.6pp | 73.9%+0.7pp | 74.5%+3.5pp | 74.3%+5.1pp | |
| Operating margin | -2.6%-13.0pp | -0.9%-17.8pp | 3.6%-13.4pp | 6.3%-6.2pp | 10.3%+8.6pp | |
| Net margin | -25.6%+13.2pp | -22.7%+22.3pp | -17.8%+60.6pp | -28.8%+78.4pp | -38.7%+121pp | |
| EBITDA margin | 48.1%-7.5pp | 46.9%-15.0pp | 50%-9.7pp | 52.3%-2.5pp | 55.6%+10.4pp | |
| Free cash flow margin | -170.5%+110pp | -141.3%+170pp | -187.2%+51.1pp | -225.1%+150pp | -280.5%-132pp | |
| Returns | ||||||
| Return on equity | -47.8%— | —— | —— | —— | —— | |
| Return on assets | -4.1%— | -3.5%— | —— | —— | —— | |
| Return on invested capital | -0.7%— | -0.2%— | —— | —— | —— | |
| Efficiency | ||||||
| Asset turnover | 0.2×— | 0.2×— | —— | —— | —— | |
| Liquidity | ||||||
| Current ratio | 0.3×-0.1× | 0.5×+0.1× | 0.5×— | 0.5×— | 0.4×— | |
| Quick ratio | 0.3×-0.1× | 0.5×+0.1× | 0.5×— | 0.5×— | 0.4×— | |
| Cash ratio | 0.2×-0.2× | 0.3×-0.2× | 0.3×— | 0.3×— | 0.4×— | |
| Leverage | ||||||
| Debt-to-equity | 7.4×+1.1× | 8.9×— | 4.9×— | 5.5×— | 6.2×— | |
| Debt-to-assets | 0.6×+0.1× | 0.6×0.0× | 0.6×— | 0.6×— | 0.5×— | |
| Net debt / EBITDA | 10.6×+4.4× | 10.7×+3.4× | 7.4×— | 6.8×— | 6.2×— | |
| Per Share | ||||||
| Book value per share | $9.03+18.0% | $7.65+503% | $7.79+584% | $5.46+210% | $7.65+324% | |
| Valuation | ||||||
| Market capitalization | $40.73B— | $35.68B— | $67.75B— | $82.85B— | —— | |
| Enterprise value | $72.55B— | $61.38B— | $83.59B— | $95.36B— | —— | |
| Price / sales | 6.5×— | 7×— | 15.7×— | 23.5×— | —— | |
| Price / book | 8.6×— | 10.7×— | 17.5×— | 31.2×— | —— | |
| EV / EBITDA | 24.2×— | 25.5×— | 38.8×— | 51.7×— | —— | |
| EV / sales | 11.7×— | 12×— | 19.4×— | 27×— | —— | |
| Free cash flow yield | -26.1%— | -20.3%— | -11.9%— | -9.6%— | —— | |
| Earnings yield | -3.9%— | -3.3%— | -1.1%— | -1.2%— | —— |
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.
