CRWVCoreWeave, Inc.
Is the business good?
5 of 9 health tests passed. That is the only one of 4 checks this filer's data supports, so take it as a single data point rather than a settled answer.
Mixed fundamental signals. Nine pass/fail tests of year-over-year health from the filings.
Against the whole market›
Percentile against every name Ryufin tracks. Higher is better; the tick marks the middle of the market. Context, not one of the checks above.
Where this answer is blind. The F-score rewards improvement, so an already-elite company can score mid-pack.
How good a business is CRWV?
CoreWeave, Inc. earns −0.52% on the capital it employs against a 9.0% cost of capital, so growth costs more than it returns.
Return on invested capital · cost of capital 9.0% · 9.5 points below what the capital costs: growth destroys value
- Operating margin
- −3.0%
Operating margin · Software - Infrastructure median 5.8% · 12 months to Q2 2026
- Share count, year on year
- +13%
Share count, year on year · shareholders own a smaller slice than a year ago
- R&D as % of revenue
- 5.6%
R&D as % of revenue
| Year | Operating margin |
|---|---|
| FY2023 | −6.1% |
| FY2024 | 17% |
| FY2025 | −0.90% |
Details›
- Gross margin12 months to Q2 2026
- 67%
- Operating margin12 months to Q2 2026
- −3.0%
- Net margin12 months to Q2 2026
- −25%
- Free cash flow margin
- −180%
- R&D as % of revenue
- 5.6%
- Revenue, trailing twelve months
- $7.59B
- Free cash flow, trailing twelve months
- −$13.7B
- Net income, trailing twelve months
- −$1.93B
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- −0.52%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion is operating cash flow over operating profit after tax.
Software, Infrastructure
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