CoreWeave Inc. Class A Common Stock (CRWV)

FairStock Score: 35/100 — MIXED

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I look for businesses that earn good returns on capital and can be bought at a sensible price. CoreWeave is a fast-growing AI cloud infrastructure company, but the filed numbers show a business still far from that ideal. Revenue climbed from $229.0 million in fiscal year 2023 to $1.9 billion in fiscal year 2024 and $5.1 billion in fiscal year 2025. In fiscal Q2 2026, the quarter ended 2026-06-30, revenue was $2.6 billion, yet net income was negative $626.0 million. That is remarkable growth and remarkable cash consumption. Trailing free cash flow was negative $13.7 billion, and the provided FCF yield is -31.8% against a $42.9 billion market cap. The balance sheet carries a debt-to-equity ratio of 10.27, and the FairStock-calculated Altman Z-Score is 0.14, signaling financial stress. Returns are poor: FairStock-calculated ROE is -43.60% and ROCE is -0.24%. The FairStock P/B is 8.53, the EV/EBITDA is 22.57, and the P/E is negative; at the 2026-10-13 close of $77.81, investors are paying a rich price for losses. I cannot identify a durable moat from these numbers; rapid growth is not a moat by itself. FairStock gives it 29/100 and no Peter Lynch category because it has lost money in each of the last three years. Growth is real, but Graham would demand evidence of durable earnings and a margin of safety. I see a speculative, capital-hungry enterprise, not a bargain.

In plain English: CoreWeave sells cloud computing capacity used for artificial intelligence. Sales are growing very quickly, but the company is still losing large amounts of money and using up cash. At $77.81, the stock looks expensive compared with those losses and its financial position.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer