CRWV — CoreWeave Stock Fact Sheet
Last updated: May 21, 2026 · ← Back to Stock Fact Sheets
NASDAQ: CRWV
CoreWeave, Inc.
AI cloud infrastructure · Livingston, NJ · Founded 2017 · IPO March 28, 2025$101.47
+5.01% today · May 21, 2026
52-wk: $33.52 — $187.00
Market cap
~$40BQ1 revenue
$2.08BRevenue growth
+112% YoYBacklog
$99.4BAdj. EBITDA margin
56%Net loss (Q1)
-$740MTotal debt
~$25BActive power
1 GW+Revenue (quarterly)
Backlog growth
Company snapshot
| Business | AI cloud / GPU infrastructure |
| IPO date | March 28, 2025 |
| IPO price | $40.00 |
| YTD return | +153% |
| FY26 rev. guide | $12B – $13B |
| FY26 capex guide | $31B – $35B |
| Power target (2030) | 8 GW+ |
| Debt maturities | None until 2029 |
Key customers & backers
| Microsoft (2024) | 62% of revenue |
| Meta deal | $21B contract |
| OpenAI | Multi-year partnership |
| Anthropic | Q1 2026 milestone |
| NVIDIA equity | $2B investment |
| $1B+ clients | 10 customers |
| Backlog (24 mo.) | 36% (~$35.8B) |
| Backlog (4 yr.) | 75% (~$74.5B) |
Analyst price targets
Wells Fargo
$155
Jefferies
$160
Bank of America
$140
Barclays
$120
Truist
$131
DA Davidson
$100
Street median
$125
↗ Bull case
- $99.4B backlog = ~5 yrs contracted revenue visibility
- AI inference demand growing exponentially
- NVIDIA $2B equity stake = strategic alignment
- Microsoft, Meta, OpenAI, Anthropic locked in
- No debt maturities until 2029
- S&P upgraded credit outlook to positive
- Targeting 8 GW by 2030 (8x current capacity)
↘ Bear case
- ~$25B debt, $536M quarterly interest expense
- $740M net loss in Q1, widening YoY
- EPS missed by $0.22; Q2 guide soft
- Google-Blackstone $5B JV = new competition
- Microsoft = 62% of 2024 revenue
- Insiders sold $370M+ since IPO
- DA Davidson cut to Neutral, PT $100
Last updated: May 21, 2026 · ← Back to Stock Fact Sheets
CoreWeave (CRWV) — Company Overview
CoreWeave, Inc. (NASDAQ: CRWV) is an AI cloud infrastructure company based in Livingston, New Jersey. Founded in 2017 and taken public on March 28, 2025 at $40 per share, CoreWeave operates what it calls “The Essential Cloud for AI” — a GPU-accelerated cloud platform purpose-built for AI training, inference, and agentic workloads. The company sits between the silicon (NVIDIA GPUs) and the models (OpenAI, Anthropic, Meta), providing the infrastructure, software, and operational expertise required to run AI at hyperscale.
Q1 2026 Earnings Summary
CoreWeave reported Q1 2026 revenue of $2.078 billion, beating the LSEG consensus of $2.013 billion and more than doubling year-over-year from $982 million. The quarter was described by CEO Michael Intrator as “the strongest bookings quarter in CoreWeave’s history,” with the revenue backlog surging 49% quarter-over-quarter to $99.4 billion. The company surpassed 1 GW of active power capacity and secured more than $20 billion in debt and equity year-to-date.
However, the adjusted EPS loss of -$1.12 missed the -$0.90 consensus by $0.22, and the Q2 revenue guide came in softer than expected, triggering a 13% post-earnings sell-off. The net loss widened to $740 million from $315 million a year earlier, driven by $536 million in interest expense. For the full Q1 earnings breakdown, see: CoreWeave Just Beat Revenue Estimates — So Why Is the Stock Falling?
Backlog & Revenue Visibility
CoreWeave’s $99.4 billion backlog is the single most important number in its investment thesis. It represents contracted future revenue with an average five-year duration. Of the total backlog, 36% (~$35.8 billion) is expected within the next 24 months, and 75% (~$74.5 billion) within four years. Ten customers have committed to spending at least $1 billion each. Key components include a $21 billion Meta agreement, a multi-year OpenAI partnership, and a $2 billion NVIDIA equity investment.
Key Customers & Strategic Backers
Microsoft represented 62% of CoreWeave’s 2024 revenue — a concentration risk the company is actively managing. In Q1 2026, milestone partnerships with Anthropic and Meta broadened the base significantly. See our earlier CRWV investor fact sheet for additional background.
Insider Activity
Insider selling has been a consistent headline since IPO. CEO Michael Intrator, CSO Brian Venturo, and Magnetar Financial have been selling steadily, with one insider selling $370.5 million in a recent period. Full breakdown: CoreWeave Insiders Are Selling — Here’s Every Trade and What It Actually Means.
The NVIDIA Connection
CoreWeave is one of NVIDIA’s largest GPU customers and a named partner in the Vera Rubin NVL72 ecosystem. The first Vera CPU deliveries to Anthropic and OpenAI this week — both CoreWeave customers — reinforce how tightly the two companies’ roadmaps are intertwined.
Related Coverage on FactSheets.com
- CoreWeave Just Beat Revenue Estimates — So Why Is the Stock Falling?
- CoreWeave Insiders Are Selling — Here’s Every Trade and What It Actually Means
- Vera Arrives: NVIDIA’s First CPU Built for Agents Lands at Top AI Labs
- Trending Stocks Today: ORCL, NBIS, NVDA, and CRWV — Investor Fact Sheet
- Market Recap May 14 — AAOI, NBIS, AAPL, NVDA: The Day Beijing, Earnings, and Inflation Collided
This fact sheet is for informational purposes only and does not constitute investment advice. Data as of May 21, 2026.
