Added to YB: 2026-07-23
Pitch date: 2026-07-20
CRWV [neutral]
CoreWeave, Inc.
+10.18%
current return
Author Info
Gus Wisanggeni is a financial analyst breaking down the AI buildout and tracing where the money actually flows. Sign up for the newsletter.
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
$43.4B
Pitch Price
$75.00
Price Target
N/A
Dividend
N/A
EV/EBITDA
17.22
P/E
-25.24
EV/Sales
12.25
Sector
IT Services
Category
N/A
What the Neoclouds Actually own - CRWV
CRWV (overview): Neocloud renting GPUs, levered 10.7x, $50.8B liabilities vs $4.8B equity, 9.1% blended debt cost. FCF -$4.7B/qtr funded by new debt/equity; net loss -$740M = entire interest cost. Two customers 65% rev. Model breaks if rental rates ($1.70-2.99/hr) fall or 6yr depreciation proves aggressive (IREN took $140M impairment). No moat; Meta/hyperscalers building in-house. A3 rating reflects Microsoft/Meta credit, not the business. Works while shortage lasts.
Read full article (18 min)