CoreWeave, Inc. (CRWV) intrinsic value & 10-year financials

CoreWeave, Inc. (CRWV) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 4 fiscal years revenue grew 373.4% a year to $5.1B, with an average return on invested capital of 2.7%.

Graham intrinsic value
—
Share price (Oct 17, 2026)
$61.39
Market cap
$26.8B
Revenue (FY2025)
$5.1B
Revenue growth (4-yr CAGR)
373.4%
ROIC (10-yr avg)
2.7%
Free cash flow (FY2025)
-$7.3B

CRWV 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $5.1B -$1.2B -$2.81 -$7.3B -0.9% -0.2%
FY2024 $1.9B -$863.0M -$2.15 -$6.0B 16.9% 3.8%
FY2023 $229.0M -$594.0M -$1.54 -$1.1B -6.1% 4.6%
FY2022 — — — — — —

Source: annual 10-K filings on SEC EDGAR. Figures in USD.

Executive summary

CoreWeave, Inc. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.

CoreWeave, Inc. has historically struggled to out-earn its cost of capital, averaging just 2.7% ROIC.

CoreWeave, Inc. capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.

Benjamin Graham lens

Under Benjamin Graham's formula using SEC EDGAR fundamentals, CoreWeave, Inc. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-93.34 per share.

CRWV stock: frequently asked questions

What is the intrinsic value of CoreWeave, Inc. (CRWV) stock?

Graham's formula only works with positive earnings. CoreWeave, Inc. reported diluted EPS of -$2.81 in fiscal 2025, so no Graham value is shown. The 10-year table shows revenue and cash-flow trends instead.

Does CoreWeave, Inc. generate free cash flow?

CoreWeave, Inc. generated -$7.3B of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 0 of the last 3 reported years.

What is CRWV's return on invested capital?

Average ROIC over the last 4 fiscal years was 2.7%, and average return on equity was 95.4%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this CRWV data come from?

From CoreWeave, Inc.'s annual 10-K filings on SEC EDGAR, most recently filed May 8, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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