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CoreWeave Valuation Multiples
Discover revenue and EBITDA valuation multiples for CoreWeave and similar public comparables like Cloudflare, Moore Threads Technology, Baidu, MetaX Integrated Circuits and more.
CoreWeave Overview
About CoreWeave
CoreWeave Inc is a modern cloud infrastructure technology company that offers the CoreWeave Cloud Platform which consists of proprietary software and cloud services that deliver the automation and efficiency needed to manage complex AI infrastructure at scale. Its platform supports the development and use of ground-breaking models and the delivery of the next generation of AI applications that are changing the way of living and working across the globe.
Founded
2017
HQ
Employees
N/A
Website
Financials (LTM)
EV
$89B
CoreWeave Financials
CoreWeave reported last 12-month revenue of $7B and EBITDA of $4B.
In the same LTM period, CoreWeave generated $5B in gross profit, $4B in EBITDA, and had net loss of ($883M).
Revenue (LTM)
CoreWeave P&L
In the most recent fiscal year, CoreWeave reported revenue of $5B and EBITDA of $3B.
CoreWeave expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $7B | XXX | $5B | XXX | XXX | XXX |
| Gross Profit | $5B | XXX | $4B | XXX | XXX | XXX |
| Gross Margin | 71% | XXX | 72% | XXX | XXX | XXX |
| EBITDA | $4B | XXX | $3B | XXX | XXX | XXX |
| EBITDA Margin | 60% | XXX | 60% | XXX | XXX | XXX |
| EBIT Margin | 11% | XXX | 13% | XXX | XXX | XXX |
| Net Profit | ($883M) | XXX | ($606M) | XXX | XXX | XXX |
| Net Margin | (12%) | XXX | (12%) | XXX | XXX | XXX |
| Net Debt | — | — | $18B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
CoreWeave Stock Performance
CoreWeave has current market cap of $62B, and enterprise value of $89B.
Market Cap Evolution
CoreWeave's stock price is $116.85.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $89B | $62B | 0.0% | XXX | XXX | XXX | $-1.13 |
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Start Free TrialCoreWeave Valuation Multiples
CoreWeave trades at 12.2x EV/Revenue multiple, and 20.4x EV/EBITDA.
EV / Revenue (LTM)
CoreWeave Financial Valuation Multiples
As of April 20, 2026, CoreWeave has market cap of $62B and EV of $89B.
Equity research analysts estimate CoreWeave's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
CoreWeave has a P/E ratio of (70.8x).
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $62B | XXX | $62B | XXX | XXX | XXX |
| EV (current) | $89B | XXX | $89B | XXX | XXX | XXX |
| EV/Revenue | 12.2x | XXX | 17.4x | XXX | XXX | XXX |
| EV/EBITDA | 20.4x | XXX | 28.8x | XXX | XXX | XXX |
| EV/EBIT | 114.8x | XXX | 133.9x | XXX | XXX | XXX |
| EV/Gross Profit | 17.2x | XXX | 24.2x | XXX | XXX | XXX |
| P/E | (70.8x) | XXX | (103.1x) | XXX | XXX | XXX |
| EV/FCF | (6.3x) | XXX | (12.3x) | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified CoreWeave Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
CoreWeave Margins & Growth Rates
CoreWeave's revenue in the last 12 month grew by 116%.
CoreWeave's rule of 40 is 202% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
CoreWeave's rule of X is 417% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
CoreWeave Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 116% | XXX | 143% | XXX | XXX | XXX |
| EBITDA Margin | 60% | XXX | 60% | XXX | XXX | XXX |
| EBITDA Growth | 118% | XXX | 138% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 202% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 417% | XXX | XXX | XXX |
| S&M Expenses to Revenue | 3% | XXX | 3% | XXX | XXX | XXX |
| G&A Expenses to Revenue | 8% | XXX | 13% | XXX | XXX | XXX |
| R&D Expenses to Revenue | 55% | XXX | 54% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 73% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
CoreWeave Public Comps
See public comps and valuation multiples for other Cloud Infrastructure and AI Chips & Hardware comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| CoreWeave | XXX | XXX | XXX | XXX | XXX | XXX |
| Cloudflare | XXX | XXX | XXX | XXX | XXX | XXX |
| Moore Threads Technology | XXX | XXX | XXX | XXX | XXX | XXX |
| Baidu | XXX | XXX | XXX | XXX | XXX | XXX |
| MetaX Integrated Circuits | XXX | XXX | XXX | XXX | XXX | XXX |
| HCLTech | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
CoreWeave M&A Activity
CoreWeave acquired XXX companies to date.
Last acquisition by CoreWeave was on XXXXXXXX, XXXXX. CoreWeave acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by CoreWeave
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialCoreWeave Investment Activity
CoreWeave invested in XXX companies to date.
CoreWeave made its latest investment on XXXXXXXX, XXXXX. CoreWeave invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by CoreWeave
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout CoreWeave
| When was CoreWeave founded? | CoreWeave was founded in 2017. |
| Where is CoreWeave headquartered? | CoreWeave is headquartered in United States. |
| Is CoreWeave publicly listed? | Yes, CoreWeave is a public company listed on Nasdaq. |
| What is the stock symbol of CoreWeave? | CoreWeave trades under CRWV ticker. |
| When did CoreWeave go public? | CoreWeave went public in 2025. |
| Who are competitors of CoreWeave? | CoreWeave main competitors are Cloudflare, Moore Threads Technology, Baidu, MetaX Integrated Circuits. |
| What is the current market cap of CoreWeave? | CoreWeave's current market cap is $62B. |
| What is the current revenue of CoreWeave? | CoreWeave's last 12 months revenue is $7B. |
| What is the current revenue growth of CoreWeave? | CoreWeave revenue growth (NTM/LTM) is 116%. |
| What is the current EV/Revenue multiple of CoreWeave? | Current revenue multiple of CoreWeave is 12.2x. |
| Is CoreWeave profitable? | Yes, CoreWeave is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of CoreWeave? | CoreWeave's last 12 months EBITDA is $4B. |
| What is CoreWeave's EBITDA margin? | CoreWeave's last 12 months EBITDA margin is 60%. |
| What is the current EV/EBITDA multiple of CoreWeave? | Current EBITDA multiple of CoreWeave is 20.4x. |
| What is the current FCF of CoreWeave? | CoreWeave's last 12 months FCF is ($14B). |
| What is CoreWeave's FCF margin? | CoreWeave's last 12 months FCF margin is (193%). |
| What is the current EV/FCF multiple of CoreWeave? | Current FCF multiple of CoreWeave is (6.3x). |
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