회사 개요
CoreWeave, Inc. is a United States-based cloud infrastructure technology enterprise that delivers proprietary software and cloud services designed to automate and optimize complex artificial intelligence infrastructures. The company operates within the Technology sector, specifically classified under the Software - Infrastructure industry, which positions it as a critical enabler for data-intensive computing tasks rather than a traditional software licensing provider. Its current market capitalization stands at $48.36B, supported by an annual revenue (TTM) of $5.13B and an employee base of 2189 individuals. These valuation and revenue figures indicate that CoreWeave commands a significant market position, reflecting high investor confidence in its AI infrastructure capabilities despite the company's early-stage profitability challenges common in high-growth infrastructure plays. The substantial market cap relative to its revenue suggests the market is pricing in future expansion potential and network effects inherent to its cloud platform ecosystem.
재무 건전성
The company reported a revenue (TTM) of $5.13B with a net income (TTM) of $-1,196,000,000, while generating an EBITDA of $2.44B. The significant disparity between positive revenue and negative net income reveals a heavy cost structure where interest expenses and other non-operating costs, likely driven by massive debt obligations, are eroding operating profits before taxes. Free cash flow stands at $-4,622,750,208, indicating that the company is currently burning cash to fund capital expenditures and growth initiatives, which limits immediate financial flexibility but is typical for infrastructure scaling. Gross margin is reported at 71.7%, demonstrating high pricing power and efficient production costs for its cloud services, whereas the operating margin of -5.7% and profit margin of -22.7% highlight the severe impact of financial costs on overall profitability. Total cash holdings of $3.16B are vastly outweighed by total debt of $29.82B, resulting in a debt-to-equity ratio of 894.24, which characterizes the balance sheet as highly leveraged rather than conservative. The current ratio of 0.46 further underscores potential short-term liquidity constraints, as current assets are insufficient to cover current liabilities without relying on debt restructuring or refinancing. Return on Equity is -50.3% and Return on Assets is -0.0%, metrics that collectively reveal that management effectiveness is currently measured by growth execution rather than capital return, as the company prioritizes expansion over shareholder yield in the short term.
밸류에이션 평가
The trailing P/E ratio is N/A due to negative earnings, while the forward P/E is -213.65, implying that the market expects earnings to turn positive in the future to justify the current valuation multiple. The price-to-book ratio is 13.85, indicating a substantial market premium over the company's book value, which reflects expectations of intangible assets and future growth that are not captured on the balance sheet. Alternative valuation metrics such as the price-to-sales ratio of 9.43 and an EV/EBITDA of 30.79 suggest that investors are willing to pay a high multiple for revenue and earnings before interest and taxes, anticipating rapid scalability in the AI market. The 52-week high is $187.00 and the 52-week low is $33.52, meaning the stock has experienced extreme volatility within this range. Although the exact current price is not explicitly listed in the provided facts, the wide spread between the high and low indicates that the stock has moved significantly from its yearly lows. The beta value is N/A, which means traditional volatility relative to the broader market index cannot be quantified using standard historical data for this specific security.
Growth & Income
Revenue growth (YoY) is recorded at 110.4%, while earnings growth (YoY) is N/A due to the company's current unprofitable status. The absence of earnings growth relative to revenue growth is expected for a high-burn infrastructure company reinvesting heavily to capture market share in the artificial intelligence sector. Since the company does not pay dividends, the dividend yield is N/A and the payout ratio is 0.0%, confirming that all available cash flow is reinvested into operations, debt repayment, or strategic acquisitions rather than distributed to shareholders. This growth-oriented strategy implies that any future profitability will depend on the company's ability to monetize its infrastructure at scale before cash reserves are depleted. Overall, CoreWeave presents a profile of aggressive revenue expansion funded by significant debt, with no current income generation for investors but substantial potential for future earnings if operational leverage is achieved.