CRWVCoreWeave, Inc.
Services-Prepackaged Software
- Revenue
- $5.1B
- 168% YoY
- Operating margin
- -0.9%
- 105% YoY
- EBITDA
- $2.4B
- 103% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- 8.0×
- $19.3B net debt
- AI in 10-K
- —
Red flags 1 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear—Cash flow under 80% of net income
- Dilutive SBCFired12% of revenueOver 10% of revenue
- Payouts exceed cash flowClear0% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear1% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|
| Revenue | $229M | $1.9B | $5.1B | 168% |
| Operating income | −$14M | $324M | −$46M | 114% |
| Net income | −$594M | −$863M | −$1.2B | 35% |
| Operating cash flow | $1.8B | $2.7B | $3.1B | 11% |
| Capex | $2.9B | $8.7B | $10.3B | 18% |
| Stock-based comp | $15M | $31M | $630M | 1932% |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $0 · 0
- Open-market sells, 12 mo
- $155M · 108
- Net
- −$155M
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2025 | $3M | $147M | 179 | 145 |