Added to YB: 2026-04-20
Pitch date: 2026-04-17
CRWV [neutral]
CoreWeave, Inc.
Author Info
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Company Info
CoreWeave, Inc. operates as a cloud infrastructure technology company in the United States. The company offers CoreWeave Cloud platform that comprises proprietary software and cloud services that deliver the automation and efficiency needed to manage complex artificial intelligence (AI) infrastructure at scale.
Market Cap
$62.5B
Pitch Price
N/A
Price Target
N/A
Dividend
N/A
EV/EBITDA
25.37
P/E
-41.66
EV/Sales
17.38
Sector
IT Services
Category
special_situation
CoreWeave issues $1.75 billion in corporate bonds
CRWV (overview): Raised $5.25B in 48hrs ($1.75B @ 9.75% senior unsecured notes + $3.5B convertible bonds) to fund $21B Meta & $6B Jane Street contracts. Red flags: ~$600-800M annual interest burden, asset-liability mismatch (5yr bonds vs 2yr GPU lifecycle), unsecured = assets already mortgaged, $3.5B CB creates short pressure. Risk: unit compute deflation erodes margins while fixed debt payments remain, echoing 2000 fiber bubble. Bottom of capital structure = avoid at current valuation.
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