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CoreWeave, Inc. (CRWV) perpetual futures
CRWV perpetual futures on 24 crypto exchanges – live perp price vs the stock, funding rate, open interest and where to trade CRWVUSDT.
CoreWeave, Inc. operates a specialized cloud platform for generative AI, providing GPU/CPU compute, storage, networking, and managed services for enterprises.
$50.63-1.8%NASDAQ closed
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venue perp mark · Binance (CRWV/USDT)
Auto: highest-volume live perp venueOpen in TradingView
Trading data
Perpetual market activity
24/24 live markets
Trading data
Perpetual market activity
Venues
24
Live markets
24/24
24h volume
$62.6MCoverage: 19/24 marketsExchange-reported volume: $82.7M
Open interest
$39.4MCoverage: 21/24 markets
Best liquidity
$3.9M
Ourbit
Tightest spread
+1.4 bps
Hyperliquid HIP-3
Highest volume
$25.8M
Binance
Settlement mix
USDT · 17/24
Perp/spot vol.
0.02x
Spot volume $4B
OI / float
+0.22%
Float $17.7B
Spot performance
1D-6.13%
5D+14.55%
1M-23.76%
6M-50.48%
YTD-25.81%
1Y-29.47%
Venue matrix
24 markets
Some venue links are sponsored. We may receive a commission, and eligible users may occasionally receive trading-fee discounts, at no additional cost to you.
| Trade | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
 Binance | Trade | CRWV/USDT | Trading | $50.64 | 0.0% APR 0.000% every 8h | +2.0 bps | $1.3M | $25.8M | $18.2M | USDT | - | |
 Hyperliquid HIP-3 | Trade | xyz:CRWV | Trading | $50.61 | -107.9% APR -0.012% every 1h | +1.4 bps | - | $9.5M | $8.2M | USDC | 10x | |
 OKX | Trade | CRWV/USDT | Trading | $50.60 | 0.0% APR 0.000% every 8h | +2.0 bps | $385.2K | $3.3M | $2M | USDT | 20x | |
 Gate.io | Trade | CRWV/USDT | Trading | $50.64 | 0.0% APR 0.000% every 8h | +5.9 bps | $1.8M | $3.3M | $1.1M | USDT | 50x | |
 Bybit | Trade | CRWV/USDT | Trading | $50.67 | 0.0% APR 0.000% every 8h | +5.9 bps | $179.4K | $2.7M | $3.1M | USDT | 25x | |
 KuCoin | Trade | CRWV/USDT | Trading | $50.74 | +18.9% APR +0.017% every 8h | +9.9 bps | $34.1K | $1.2M | $1.6M | USDT | 20x | |
 MEXC | Trade | CRWV/USDT | Trading | $50.69 | 0.0% APR 0.000% every 8h | +11.8 bps | $2.2M | $482.2K | $731K | USDT | 100x | |
 Bitunix | Trade | CRWV/USDT | Trading | $50.62 | +0.8% APR +0.00074% every 8h | +5.9 bps | $3.3M | $352.1K | $56K | USDT | 25x | |
 Ondo Perps | Trade | CRWV/USD | Trading | $50.58 | - | +13.8 bps | $239.9K | $338.3K | $77.5K | USDC | 10x | |
 Variational | Trade | CRWV/USDC | Trading | $50.65 | 0.0% APR 0.000% every 8h | +6.8 bps | no public depth feed | $143.5K | $942.6K | USDC | - | |
 XT.com | Trade | CRWV/USDT | Trading | $50.67 | +11.0% APR +0.010% every 8h | +2.0 bps | $58.4K | $81.4K | - | USDT | 25x | |
 Deribit | Trade | CRWV/USDC | Trading | $50.60 | -5.1% APR -0.00470% every 8h | +11.9 bps | $374.1K | $57.7K | $62.9K | USDC | 10x | |
 Crypto.com Exchange | Trade | CRWV/USD | Trading | $50.76 | +5.0% APR +0.00057% every 1h | +23.6 bps | $22K | $25.7K | $24.6K | USD | 50x | |
 BloFin | Trade | CRWV/USDT | Trading | $50.63 | 0.0% APR 0.000% every 8h | +2.0 bps | $393.8K | $17.6K | $345.7K | USDT | 20x | |
 HTX | Trade | CRWV/USDT | Trading | $50.66 | 0.0% APR 0.000% every 8h | +7.9 bps | $999K | $11.7K | $321.2K | USDT | - | |
 Aster | Trade | CRWVUSDT | Trading | $50.72 | 0.0% APR 0.000% every 8h | +35.5 bps | $153.8K | $10.9K | $336.2K | USDT | - | |
 GRVT | Trade | CRWV/USDT | Trading | $50.63 | 0.0% APR 0.000% every 8h | +5.9 bps | $364.6K | $2.6K | $2.7K | USDT | - | |
 Extended | Trade | CRWV/USD | Trading | $50.60 | 0.0% APR 0.000% every 1h | +7.9 bps | - | $795.2 | $77.3K | USD | 10x | |
 Vest | Trade | CRWV/USDC | Trading | $51.75 | +5.0% APR +0.00057% every 1h | +307.3 bps | $0 | - | - | USDC | 10x | |
 Deepcoin | Trade | CRWV/USDT | Trading | $50.59 | -11.0% APR -0.010% every 8h | +2.0 bps | $712K | $15.2M | - | USDT | 25x | |
 Bitget | Trade | CRWV/USDT | Trading | $50.66 | 0.0% APR 0.000% every 8h | +2.0 bps | $1.6M | $9.8M⚠ | $1.8M | USDT | 20x | |
 LBank | Trade | CRWV/USDT | Trading | $50.64 | 0.0% APR 0.000% every 8h | +2.0 bps | $2.7M | $6.3M⚠ | $72.3K | USDT | 50x | |
 Ourbit | Trade | CRWV/USDT | Trading | $50.63 | 0.0% APR 0.000% every 8h | +2.0 bps | $3.9M | $3.2M⚠ | $183.6K | USDT | 100x | |
 BingX | Trade | CRWV-USDT | Trading | $50.62 | +5.5% APR +0.00500% every 8h | +3.9 bps | $1.5M | $739.6K⚠ | $486.9 | USDT | - |
Unverified volume: implausibly high against open interest, a typical sign of wash trading. These venues are listed last.
Tokenized wrappers of the real stock, tradable on-chain and on crypto exchanges around the clock. Premium/discount compares the token price to our stock reference price. Data: CoinMarketCap · Robinhood · DexScreener · GeckoTerminal.
| Product | Price | Premium vs stock | 24h Vol. | Market Cap | Chains |
|---|---|---|---|---|---|
| CRWVBbStocks | $50.51 | -0.24% | $2.1M | $3.4M | BNB Smart Chain (BEP20) |
| CRWVonOndo GM | $50.99 | +0.70% | $1.0M | $1.3M | Solana · Ethereum · BNB Smart Chain (BEP20) · HyperEVM |
| rCRWVTokenized | $50.87 | +0.48% | $606k | $421k | Arbitrum |
| CRWVRobinhood | $50.59 | -0.08% | $63k | $507k | Robinhood Chain |
| Exchange | Pair | Price | 24h Vol. | Liquidity |
|---|---|---|---|---|
 uniswapDEX · robinhood | CRWV/USDG ↗ | $50.59 | $63k | $119k |
Tradability
Execution quality
Entry cost and depth per venue at $1k–$100k
Tradability
Execution quality
Entry cost and depth per venue at $1k–$100kBroad liquidity · 19 of 24 venues absorb $10k · Typical cost: +8.0 bps – +13.0 bps
Too thin: Crypto.com Exchange
No fresh book data: Hyperliquid HIP-3, Variational, Extended, Vest
Taker execution estimate incl. approx. fees - maker fills are not guaranteed.
Best venues for this underlying
Best liquidity
CRWVTightest spread
CRWVHighest volume
CRWVFunding history
Stored venue snapshots by market
Funding history
Stored venue snapshots by marketNext catalyst
Catalysts
Next catalyst
Catalysts
Earnings
2027-02-25
Revenue est. $4.85B · Updated 4h ago
Since the close
-4.1%
- -4.1% since the NYSE close · 24v
Reference data
Market context
Reference data
Market context
NASDAQ
Extended-hours reference
Bid51.55
Ask52.03
Volume79,599,933
Research data
Analysts, filings and peer context
Research data
Analysts, filings and peer context
Estimates
6DateEPS estimateRevenue estimateGrowthAnalysts
FY 2026-3.77$13B+155%18
FY 2027-1.77$27.1B+107%20
FY 20281.35$44.4B+64%15
FY 20296.99$63.5B+43%9
FY 203019.59$90.3B+42%6
Q1 20291.87$11.8B-4
Source: FMP · Consensus
Company events
62027-02-25EarningsActual - / Estimate -0.62-
2026-11-10Earnings · After market closeActual -1.27 / Estimate -1.27In line
2026-08-11Earnings · After market closeActual -1.03 / Estimate -1.21Beat
2026-05-07EarningsActual -1.11 / Estimate -0.919Miss
2026-02-26EarningsActual -0.558 / Estimate -0.5Miss
2025-11-10EarningsActual -0.08 / Estimate -0.395Beat
Peer comparison
Similar listed perpsRevenue mix
Latest annualUNITED STATESGeographic$4.8B
Non USGeographic$330M
Analysts
Price targets in USD| Consensus rating | Buy |
|---|---|
| Average 12-month price target | $114.04 |
| 12-month target range (low – high) | $45 – $200 |
| Ratings in the provider's consensus | 33 |
Price targets as of 2026-11-15
Analyst rating history
Ratings| Month | Strong buy | Buy | Hold | Sell | Strong sell |
|---|---|---|---|---|---|
| Nov 2026 | 8 | 25 | 7 | 2 | 1 |
| Oct 2026 | 8 | 24 | 8 | 2 | 1 |
| Sep 2026 | 8 | 23 | 10 | 2 | 1 |
| Aug 2026 | 6 | 21 | 10 | 1 | 1 |
| Jul 2026 | 5 | 21 | 11 | 1 | 1 |
| Jun 2026 | 4 | 20 | 11 | 1 | 1 |
| May 2026 | 3 | 20 | 11 | 1 | 1 |
| Apr 2026 | 3 | 20 | 11 | 1 | 1 |
| Mar 2026 | 3 | 18 | 12 | 1 | 1 |
| Feb 2026 | 2 | 16 | 11 | 1 | 0 |
| Jan 2026 | 2 | 16 | 13 | 1 | 1 |
| Dec 2025 | 2 | 14 | 11 | 1 | 1 |
Ownership
Institutional · 2026-Q3Free float63.6%349.3M shares
Shares outstanding548.9M shares
Institutional42.1%917 investors
Investor count change-213
Reference market activity
CRWV-PERPDay range (Nov 13)$49.25$56.36
52 week$40.58$138.25
Spot volume79.6M
Average volume-
Price performance
111D-6.1%
5D+14.6%
1M-23.8%
3M-49.5%
6M-50.5%
YTD-25.8%
1Y-29.5%
3Y+32.8%
5Y+32.8%
10Y+32.8%
MAX+32.8%
Insider activity
FY2026 Q4Acquisitions10 transactions151,461 shares
Dispositions18 transactions229,559 shares
Purchases0Ratio 0.56
Sales12
Insider transactions
25DateReporting persontransactionssharesPriceFilings
CoreWeave director Glenn H. Hutchins converted 1,440 restricted stock units into 1,440 Class A common shares via an exempt option/RSU exercise on 2026-11-10; he held 13,083 Class A shares afterward.
COO Sachin Jain exercised 33,740 restricted stock units into 33,740 Class A shares, then sold 13,611 Class A shares at $46.23.
CoreWeave officer Baker Jeff received an award of 21,607 Restricted Stock Units (Form 4, filed 2026-11-09), granted as compensation at $0.00, not an open-market purchase.
CoreWeave officer Goldberg Chen converted 37,500 restricted stock units into 37,500 Class A shares and sold 19,904 Class A shares at $46.455–$46.50. He held 68,149 Class A shares after the transactions.
CoreWeave officer Jeff Baker converted 12,500 restricted stock units into 12,500 Class A shares and sold 6,670 Class A shares at $61.14-$61.6933.
Director Margaret C. Whitman received a grant of 122 Class A common shares of CoreWeave at $0.00 on 2026-10-20, bringing her holdings to 7,922 shares.
Director Glenn H Hutchins received an award of 320 Class A common shares of CoreWeave on 2026-10-20 at $0.00, a grant rather than a purchase, leaving 11,643 shares owned.
CoreWeave CFO Nitin Agrawal sold 22,579 Class A shares across two open-market sales at $79.954-$80.5073 on 2026-10-12, leaving 110,017 shares.
CoreWeave officer Jonathan Jones exercised 42,772 restricted stock units into Class A common shares and sold 37,380 Class A shares at $77.18-$80.37.
Filings
100 · Latest SEC filings2026-11-134Insider transaction report (Form 4)
CoreWeave director Glenn H. Hutchins converted 1,440 restricted stock units into 1,440 Class A common shares via an exempt option/RSU exercise on 2026-11-10; he held 13,083 Class A shares afterward.
2026-11-104Insider transaction report (Form 4)
COO Sachin Jain exercised 33,740 restricted stock units into 33,740 Class A shares, then sold 13,611 Class A shares at $46.23.
2026-11-094Insider transaction report (Form 4)
CoreWeave officer Baker Jeff received an award of 21,607 Restricted Stock Units (Form 4, filed 2026-11-09), granted as compensation at $0.00, not an open-market purchase.
2026-11-064Insider transaction report (Form 4)
CoreWeave officer Goldberg Chen converted 37,500 restricted stock units into 37,500 Class A shares and sold 19,904 Class A shares at $46.455–$46.50. He held 68,149 Class A shares after the transactions.
2026-10-304Insider transaction report (Form 4)
CoreWeave officer Jeff Baker converted 12,500 restricted stock units into 12,500 Class A shares and sold 6,670 Class A shares at $61.14-$61.6933.
2026-10-224Insider transaction report (Form 4)
Director Margaret C. Whitman received a grant of 122 Class A common shares of CoreWeave at $0.00 on 2026-10-20, bringing her holdings to 7,922 shares.
2026-10-224Insider transaction report (Form 4)
Director Glenn H Hutchins received an award of 320 Class A common shares of CoreWeave on 2026-10-20 at $0.00, a grant rather than a purchase, leaving 11,643 shares owned.
2026-10-144Insider transaction report (Form 4)
CoreWeave CFO Nitin Agrawal sold 22,579 Class A shares across two open-market sales at $79.954-$80.5073 on 2026-10-12, leaving 110,017 shares.
2026-10-144Insider transaction report (Form 4)
CoreWeave officer Jonathan Jones exercised 42,772 restricted stock units into Class A common shares and sold 37,380 Class A shares at $77.18-$80.37.
2026-10-084Insider transaction report (Form 4)
CoreWeave director Karen Boone reported an M-Exempt exercise: 1,460 restricted stock units converted into 1,460 Class A common shares at $0.00. No open-market purchase or sale occurred.
2026-10-084Insider transaction report (Form 4)
CoreWeave CFO Nitin Agrawal sold 3 Class A common shares at $88.60 on Oct 6, 2026, leaving 132,596 shares owned.
2026-10-024Insider transaction report (Form 4)
CoreWeave director and Chief Strategy Officer Brian M. Venturo converted 109,380 restricted stock units into 17,391 Class A common shares through an exempt option/RSU exercise on 2026-09-30 at $0.00; no open-market purchase or sale.
2026-10-024Insider transaction report (Form 4)
CoreWeave officer Kristen J. McVeety reported an exempt exercise of 8 restricted stock units into 8 Class A common shares and the sale of 5 Class A shares at $87.69.
2026-10-024Insider transaction report (Form 4)
CoreWeave officer Goldberg Chen exercised 8 restricted stock units into 8 Class A shares and sold 5 Class A shares at $87.69, leaving 50,553 shares owned.
2026-10-024Insider transaction report (Form 4)
CoreWeave officer Jeff Baker reported an exercise of 8 restricted stock units into 8 Class A shares, then sold 5 Class A shares at $87.69. He held 8,340 shares after.
2026-10-024Insider transaction report (Form 4)
CoreWeave officer McBee Brannin converted 121,119 RSUs into 121,119 Class A shares and sold 56,531 shares at $87.69 on 2026-09-30.
2026-10-024Insider transaction report (Form 4)
CoreWeave COO Sachin Jain converted 8 restricted stock units into 8 Class A shares and sold 4 Class A shares at $87.69; 157,095 shares remain held.
2026-10-024Insider transaction report (Form 4)
CoreWeave CEO and President Michael N. Intrator converted 140,358 restricted stock units into 140,358 Class A common shares and sold 78,552 Class A shares at $87.69 on 2026-09-30.
2026-10-024Insider transaction report (Form 4)
CoreWeave CFO Nitin Agrawal exercised 8 restricted stock units into 8 Class A shares and sold 5 Class A shares at $87.69, leaving 132,599 shares owned.
2026-10-014Insider transaction report (Form 4)
CoreWeave director/CEO Michael N. Intrator converted 107,692 Class B shares into 107,692 Class A shares and sold 307,692 Class A shares across 12 open-market sales at $85.86-$90.26.
2026-09-244Insider transaction report (Form 4)
CoreWeave director and CEO Michael Intrator converted 107,692 Class B shares into 107,692 Class A shares and sold 307,692 Class A shares at $85.57-$88.95.
2026-09-244Insider transaction report (Form 4)
CoreWeave CFO Agrawal Nitin sold 55,764 Class A shares in 5 open-market transactions at $85.57-$89.02, leaving 132,596 shares owned.
2026-09-224Insider transaction report (Form 4)
CoreWeave director and Chief Strategy Officer Brian M. Venturo converted 62,500 Class B shares into 62,500 Class A shares on Sep 18, 2026, then gifted those 62,500 Class A shares. He still held 241,371 Class A shares after the gift.
2026-09-184Insider transaction report (Form 4)
Magnetar Financial LLC reported that options expired: a call option to sell 39,230 shares at $180 and a put option to sell 39,230 shares at $75, both dated 2026-09-18, leaving 0 owned.
2026-09-174Insider transaction report (Form 4)
CoreWeave director/CEO Michael Intrator converted 107,692 Class B shares into 107,692 Class A shares and sold 307,692 Class A shares across eight open-market sales at $81.04-$83.65.
2026-09-164Insider transaction report (Form 4)
Director Margaret C. Whitman converted 1,200 restricted stock units into 1,200 Class A common shares of CoreWeave via an M-Exempt exercise at $0.00, leaving 7,800 shares owned after.
2026-09-154Insider transaction report (Form 4)
CoreWeave CFO Nitin Agrawal converted 122,340 restricted stock units into 122,340 Class A common shares, then sold 66,576 Class A shares at $83.64-$84.88.
2026-09-104Insider transaction report (Form 4)
CoreWeave officer Kristen J. McVeety exercised options on 97,500 shares at $0.55 and sold 97,500 Class A shares at $93.54-$94.47.
2026-09-104Insider transaction report (Form 4)
CoreWeave director/CEO Michael N. Intrator converted 107,692 Class B shares into 107,692 Class A shares (M-Exempt) and sold 307,692 Class A shares across 24 open-market trades at $93.35-$104.44.
2026-09-104Insider transaction report (Form 4)
CoreWeave officer Goldberg Chen sold 22,424 Class A shares in two open-market transactions at $92.97-$100, leaving 50,550 shares owned.
2026-09-034Insider transaction report (Form 4)
Officer exercised options for 156,000 shares at $0.55 and sold all 156,000 acquired shares on the open market at prices between $81.16 and $82.50.
2026-09-034Insider transaction report (Form 4)
The CEO converted 107,692 Class B shares to Class A common stock and then sold a total of 307,692 Class A shares in six trades at prices between $81.20 and $82.54.
2026-08-284Insider transaction report (Form 4)
On 2026-08-26, the reporting officer sold 2,100 Class A common shares in three open-market transactions, priced between $87.39 and $89.24 per share.
2026-08-274Insider transaction report (Form 4)
CEO Michael Intrator converted 107,692 Class B shares into Class A shares and sold a total of 307,692 Class A shares at prices between $88.31 and $89.93 on August 25, 2026.
2026-08-274Insider transaction report (Form 4)
CoreWeave CFO Nitin Agrawal sold 5,509 Class A common shares on 2026-08-25 in three open-market transactions at prices from $88.371 to $90.04, leaving 132,596 shares owned.
2026-08-264Insider transaction report (Form 4)
CoreWeave CDO Brannin McBee disposed of 500 Class A common shares through open-market sales on Aug 24, 2026, at prices between $83.9506 and $86.5479, reducing holdings to 48,000 shares.
2026-08-264Insider transaction report (Form 4)
CoreWeave officer McBee Brannin sold 15,139 Class A common shares in 4 open-market transactions on 2026-08-24 at $85.996–$86.4767 per share, leaving 0 shares owned afterward.
2026-08-214Insider transaction report (Form 4)
On 2026-08-20, CEO Michael Intrator exercised 23,443 restricted stock units into 23,443 Class A shares, then sold 13,129 shares at $91.88.
2026-08-214Insider transaction report (Form 4)
CoreWeave officer Kristen J. McVeety converted 7,697 restricted stock units into Class A shares and sold 3,980 shares at $91.88.
2026-08-214Insider transaction report (Form 4)
CoreWeave officer Jeff Baker converted 2,426 restricted stock units into 2,426 Class A common shares and sold 1,256 Class A shares at $91.88 on 2026-08-20.
2026-08-214Insider transaction report (Form 4)
Venturo Brian M exercised 11,387 restricted stock units into 11,387 Class A shares and sold 5,899 Class A shares at $91.88.
2026-08-214Insider transaction report (Form 4)
McBee Brannin, CDO of CoreWeave, converted 8,038 RSUs into 8,038 Class A shares and sold 3,610 shares at $91.88.
2026-08-214Insider transaction report (Form 4)
CoreWeave COO Sachin Jain converted 15,646 RSUs into Class A common stock and sold 6,339 shares at $91.88 on Aug 20, 2026.
2026-08-214Insider transaction report (Form 4)
On Aug 20, 2026, an EVP converted 16,733 RSUs into Class A shares, then sold 8,628 shares at $91.88.
2026-08-214Insider transaction report (Form 4)
CoreWeave CFO Nitin Agrawal converted 19,451 restricted stock units into 19,451 Class A shares and sold 10,062 Class A shares at $91.88, leaving 138,105 shares owned.
2026-08-204Insider transaction report (Form 4)
CEO Michael Intrator converted 107,692 Class B shares to Class A, then sold 307,692 Class A shares in open-market transactions at $93.59–$101.60.
2026-08-194Insider transaction report (Form 4)
CoreWeave officer Brannin McBee sold 500 Class A shares on 2026-08-17 across 9 sales at $101.93-$109.61, leaving 48,500 shares owned.
2026-08-194Insider transaction report (Form 4)
CoreWeave officer Goldberg Chen sold 6,397 Class A shares in 8 open-market transactions at $102.195-$109.77 on 2026-08-17, leaving 64,869 shares owned.
2026-08-194Insider transaction report (Form 4)
CoreWeave officer Brannin McBee converted 55,500 Class B shares into 55,500 Class A shares and sold all 55,500 Class A shares in 27 trades at $101.90-$109.65.
2026-08-194Insider transaction report (Form 4)
CoreWeave officer McBee Brannin converted 194,000 Class B shares into Class A stock and sold 194,000 Class A shares at $101.89–$109.65.
2026-08-174Insider transaction report (Form 4)
CoreWeave CEO Michael Intrator gifted 136,947 Class B shares on Aug 13, 2026 (no value).
2026-08-174Insider transaction report (Form 4)
Director Brian Venturo gifted 1,578,349 Class B shares of CoreWeave, reducing his holdings to zero.
2026-08-144Insider transaction report (Form 4)
CoreWeave COO Sachin Jain sold 1 Class A share at $110 on Aug 12, 2026, retaining 147,784 shares.
2026-08-144Insider transaction report (Form 4)
Magnetar Financial LLC, a 10% owner of CoreWeave (CRWV), reported sales of 2,000,000 call option shares (obligation to sell) at $130 each across 9 transactions dated 2026-08-12. These were open-market S-Sale dispositions, not purchases.
2026-08-144Insider transaction report (Form 4)
Magnetar Financial LLC (10% owner of CoreWeave) sold 200,000 warrant shares at $1.5495 each on 2026-08-14, reducing its holdings to 0.
2026-08-144Insider transaction report (Form 4)
In a Form 4 dated Aug 13, 2026, Magnetar Financial LLC reported one transaction in CoreWeave common stock with 0 shares and no reported price. No open-market purchase or sale was disclosed.
2026-08-144Insider transaction report (Form 4)
Magnetar Financial LLC, a 10% owner of CoreWeave (CRWV), sold 307,131 Class A shares in 24 open-market transactions on 2026-08-14 at prices of $108.48 to $110.
2026-08-144Insider transaction report (Form 4)
Magnetar Financial LLC reported 22 S-Sale transactions on 2026-08-13 involving call options (obligation to sell) on CoreWeave shares, totaling 1,000,000 shares at prices of $135-$140.
2026-08-144Insider transaction report (Form 4)
Magnetar Financial LLC sold 100,000 warrants (right to buy) of CoreWeave in 3 open-market sales on 2026-08-13 at $1.5495 each, leaving 21,637 warrants owned after the transactions.
2026-08-144Insider transaction report (Form 4)
Magnetar Financial LLC sold 1,921,259 Class A common shares of CoreWeave across 27 open-market transactions on 2026-08-13, at prices from $107.75 to $115.61.
2026-08-144Insider transaction report (Form 4)
Magnetar Financial LLC sold 2,147,871 shares of CoreWeave Class A Common Stock across 24 open-market transactions on 2026-08-12 at prices of $107.64-$108.16 per share.
2026-08-134Insider transaction report (Form 4)
CEO Michael Intrator converted 107,692 Class B shares into Class A and sold 307,692 Class A shares at $87.97-$93.20.
2026-08-124Insider transaction report (Form 4)
Chief Development Officer Brannin McBee converted 52,500 Class B shares into Class A shares and sold 13,649 Class A shares at $88.70–$92.53.
2026-08-124Insider transaction report (Form 4)
On 2026-08-10, Chief Development Officer Brannin converted 144,000 Class B shares into Class A shares and sold 47,344 Class A shares at $88.70.
2026-08-114Insider transaction report (Form 4)
On Aug 8, 2026, COO Sachin Jain converted 33,760 RSUs into Class A common stock, then sold 13,608 shares at $92.09 on Aug 10.
2026-08-064Insider transaction report (Form 4)
On Aug 4–5, 2026, EVP Chen exercised 37,500 RSUs into Class A shares and sold 25,605 shares at $90.00–$92.29.
2026-08-064Insider transaction report (Form 4)
On 2026-08-04, CEO Michael Intrator converted 107,692 Class B shares into Class A, then sold 307,692 Class A shares at $86.44–$94.01.
2026-08-054Insider transaction report (Form 4)
CoreWeave's Chief Development Officer sold 7,576 Class A shares in 18 open-market transactions from Aug 3–5, 2026, at prices between $70.56 and $85.76.
2026-08-054Insider transaction report (Form 4)
CoreWeave officer Brannin McBee converted 169,000 Class B shares (144,000 into Class A) and sold 161,684 Class A shares across 28 trades at $70.53–$85.62 per share.
2026-08-054Insider transaction report (Form 4)
On Aug 3, 2026, an officer converted 52,500 Class B shares to Class A at $0, then sold 35,092 Class A shares at $70.53–$85.62.
2026-08-054Insider transaction report (Form 4)
Chief Development Officer Brannin McBee converted 28,000 Class B shares into 28,000 Class A shares, then sold 27,297 Class A shares across 27 trades at $70.53-$85.62 each.
2026-07-304Insider transaction report (Form 4)
On July 28, 2026, CEO Michael Intrator sold 54,859 Class A shares in three open-market sales at $67.14–$69.00, reducing his direct holding to zero.
Transcripts
Earnings callsFY2026 Q12026-05-07
Earnings calls
AI summary
positiveCoreWeave achieved a transformational Q1 with record customer bookings exceeding $40B in new commitments, bringing contracted revenue backlog to nearly $100B. The company generated $2.1B in revenue (up 32% sequentially, 112% YoY) and surpassed 1 gigawatt of active power, with 3.5+ gigawatts of contracted power expected largely online by end-2027. Significant financing progress included closing an $8.5B investment-grade Delayed Draw Term Loan and raising over $20B in debt and equity year-to-date.
Key takeaways
- Record quarterly customer bookings exceeded $40B with revenue backlog approaching $100B, representing 4x YoY growth and 50% sequential growth
- Expanded customer diversification with 10 customers committed to $1B+ spending, including all four preeminent AI model developers and 9 of 10 AI leaders outside China
- Active power surpassed 1 gigawatt milestone; contracted power reached 3.5+ gigawatts with majority expected online by end-2027
- Successfully secured $8.5B first-ever investment-grade HPC infrastructure-backed debt facility at sub-6% implied rate, plus additional $10B+ raised in Q2 with A- equivalent ratings from three agencies
Financial highlights
- Q1 revenue: $2.1B, up 32% QoQ and 112% YoY
- Q1 adjusted EBITDA: $1.2B (91% YoY growth) with 56% margin; adjusted operating income: $21M at 1% margin
- Revenue backlog: $99.4B with 36% expected in next 24 months and 75% in next 4 years
- Q1 CapEx: $6.8B; full year CapEx guidance raised to $31B-$35B due to component pricing increases
Guidance
- FY2026 revenue: $12B-$13B; adjusted operating income: $900M-$1.1B (reaffirmed)
- Q2 revenue: $2.45B-$2.6B; Q2 adjusted operating income: $30M-$90M with sequential margin expansion expected
- 2026 exit annualized run rate revenue: $18B-$19B (raised low end by $1B)
- 2027+ revenue target: >$30B annualized run rate with >75% already contracted, excluding renewals
Q&A themes
- Component pricing inflation incorporated into customer contracts via pass-through pricing to maintain mid-20s unit contribution margins; supply chain remains challenging but manageable
- Inference now represents materially >50% of consumed power, validating inference as AI monetization driver and supporting durable pricing across Ampere, Hopper, and Blackwell generations
- NVIDIA relationship expanded with qualification of CoreWeave software as reference architecture; 5 gigawatts of capacity available on opportunistic basis to accelerate infrastructure securement
- Gross margin compression is timing-based (not economic) due to rapid capacity deployment ahead of revenue generation; margins expected to normalize to mid-20s contribution margins and return to low double-digit operating margins by Q4
Risks
- Component pricing pressures and supply chain complexity increasing CapEx guidance; majority of 2026 component procurement already locked in but future quarters carry sourcing risk
- Gross margin has declined from 78% to 68% over five quarters due to rapid infrastructure deployment timing; margin expansion contingent on achieving 'escape velocity' with installed capacity base
- Q1 represented margin trough with only 1% adjusted operating margin; execution risk remains on sequential margin expansion trajectory needed to hit full-year guidance targets
FY2025 Q42026-02-26
Earnings calls
AI summary
positiveCoreWeave achieved record scale in 2025, becoming the fastest cloud to reach $5B annual revenue while growing contracted backlog to $66.8B and expanding its customer base across hyperscalers, AI natives, and enterprises. The company is investing heavily in 2026 with $30-35B CapEx guidance to double active power capacity to 1.7+ gigawatts, with revenue guidance of $12-13B (140% growth). The expansion reflects strong execution on a fully contracted demand backlog and entry into higher-margin software and licensing opportunities.
Key takeaways
- Q4 revenue of $1.6B (+110% YoY); full-year 2025 revenue of $5.1B (+168% YoY); added 260 megawatts in Q4 alone reaching 850 megawatts active power
- Contracted revenue backlog of $66.8B with virtually all new capacity contracts expected to generate revenue by end of 2026; average contract length extended from 4 to 5 years
- Customer diversification accelerated with 150% growth in $1M+ committed customers including AI natives (Cognition, Cursor, Midjourney, Runway) and enterprises (Mercado Libre); nearly doubled new reserved instance customers in Q4 vs. any prior quarter
- 2026 guidance: revenue $12-13B, adjusted operating income $900M-$1.1B; CapEx $30-35B to double capacity; margin progression expected to reach low double digits by Q4 2026
- Long-term revenue run-rate guidance of $17-19B exiting 2026 and $30B+ exiting 2027 based on contracted backlog; 25-30% long-term margins targeted with mid-20s contribution margins on mature contracts
Financial highlights
- Q4 2025 revenue: $1.6B (+110% YoY); full-year revenue: $5.1B (+168% YoY)
- Q4 adjusted EBITDA: $898M (57% margin) vs. $486M in Q4 2024; adjusted operating income: $88M vs. $121M prior year
- Full-year 2025 CapEx: $14.9B; Q4 CapEx: $8.2B (above guidance due to accelerated deployment)
- Cash position: $4.2B as of December 31, 2025; secured $18B+ in debt and equity during 2025; weighted average cost of capital reduced 300 basis points in 2025, 600 basis points since 2023
Guidance
- 2026 revenue guidance: $12B-$13B (140% growth at midpoint); adjusted operating income: $900M-$1.1M
- 2026 CapEx: $30B-$35B to deploy additional capacity; expected to double active power to 1.7+ gigawatts by year-end 2026
- Q1 2026 revenue: $1.9B-$2B; adjusted operating income: $0-$40M; Q1 CapEx: $6B-$7B; Q1 interest expense: $510M-$590M
- Long-term trajectory: exit 2026 with $17B-$19B annualized run-rate revenue; exit 2027 with $30B+ annualized run-rate revenue; target 25-30% long-term EBITDA margins
Q&A themes
- Financing and cost of capital: 300 bps improvement in weighted average interest rate during 2025; NVIDIA's $2B investment and expanded partnership expected to improve data center financing costs; capacity built with contractual demand backing reduces cost of capital dependency
- Grace Blackwell and GPU demand: Early deployment of GB200 clusters showing strong performance; demand for prior-generation GPUs (H100, A100) remains strong particularly for inference; all of 2026 capacity already allocated
- Enterprise and AI-native customer dynamics: Contracts with enterprise customers similar in structure to hyperscaler contracts with 5-year terms; 80% attachment rate for storage products among $1M+ customers; customers engaging across CPU, storage, and software products beyond GPUs
- Guidance variance and execution: CapEx came in above guidance due to accelerated infrastructure deployment; revenue guidance reflects phased ramp of deployed capacity throughout 2026; margin compression expected in Q1 (trough) with sequential expansion through Q4
Risks
- Significant near-term margin compression expected in 2026 due to depreciation and costs ramping ahead of revenue recognition during capacity ramp-up; Q1 represents the trough in annual margin trajectory
- Revenue backlog conversion risk: while $66.8B backlog provides visibility, delays in data center deployment or customer demand changes could impact revenue realization; global supply chain complexity acknowledged as ongoing challenge
- Execution risk at scale: bringing 1.7+ gigawatts online in 2026 represents substantial operational complexity; company acknowledges this as 'among the most operationally complex undertaking in the technology industry'
FY2025 Q32025-11-10
Earnings calls
AI summary
positiveCoreWeave achieved record Q3 results with $1.4 billion in revenue and nearly doubled its revenue backlog to $55.6 billion, driven by robust demand for AI cloud infrastructure from customers including Meta, OpenAI, and government agencies. The company significantly reduced customer concentration with its largest customer now representing ~35% of backlog versus 85% at year-start, and diversified its data center footprint to 2.9 gigawatts of contracted power capacity across 32 facilities. Supply chain delays from one third-party data center provider will impact Q4 but have been largely mitigated through customer contract adjustments preserving full capacity and contract value.
Key takeaways
- Q3 revenue of $1.4 billion (+134% YoY) with $55.6 billion revenue backlog, nearly doubling in the quarter alone
- Achieved $50 billion in RPO faster than any cloud in history, with 60% of revenue backlog from investment-grade customers
- Customer concentration reduced from 85% at year-start to ~35% maximum single customer; 9 of 10 largest customers have multiple contracts
- Added 120 megawatts of active power to reach ~590 megawatts, with 2.9 gigawatts contracted power capacity and over 1 gigawatt available for future customer sales
- Launched CoreWeave AI object storage with 75% cost reduction and zero egress fees; storage platform exceeded $100 million ARR in Q3
Financial highlights
- Q3 revenue: $1.4 billion, +134% YoY; adjusted EBITDA: $838 million with 61% margin
- Q3 adjusted operating income: $217 million vs $125 million in 2024; adjusted operating margin: 16%
- Cash position: $3 billion in cash, equivalents, and marketable securities as of September 30
- Q3 CapEx: $1.9 billion; construction in progress increased $2.8 billion QoQ to $6.9 billion
Guidance
- 2025 revenue guidance: $5.05 billion to $5.15 billion; adjusted operating income: $690 million to $720 million
- Expected year-end active power: over 850 megawatts; 2025 interest expense: $1.21 billion to $1.25 billion
- 2025 CapEx guidance: $12 billion to $14 billion (reduced from prior guidance due to data center delivery delays)
- 2026 CapEx expected to be well in excess of double 2025 levels; majority of Q4 CapEx push expected in Q1 2026
Q&A themes
- Powered shell delivery delays from one third-party data center provider will impact Q4 revenue recognition, but customer adjusted contract delivery schedule to preserve full capacity and value; delays not tied to power availability or GPU/memory/storage shortages
- Infrastructure is fungible across customers and use cases (training and inference); company maintains flexibility through diversified data center portfolio and proprietary software suite
- Self-build projects complement rather than replace third-party provider relationships; company building dedicated organization to embed in supply chains and reduce delivery risk
- NVIDIA interruptible capacity contract allows CoreWeave to resell capacity to smaller customers like AI startups while NVIDIA underwrites economics; accounting excludes expected resold portion from RPO but includes in revenue backlog
Risks
- Supply chain constraints in powered shell delivery are systemic across industry and expected to persist; one data center provider delay pushing Q4 capacity online into Q1 2026, though customer preserved full contract value
- Increased debt to support infrastructure scaling; interest expense growing to $1.21-1.25 billion range for 2025, though cost of capital improving
- Fungible infrastructure and rapid capacity additions create potential for customer concentration shifts and competitive pressures if demand environment changes
FY2025 Q22025-08-12
Earnings calls
AI summary
positiveCoreWeave reported exceptional Q2 results with $1.2B in revenue (107% YoY growth) and $200M adjusted operating income, achieving both milestones simultaneously for the first time. The company raised full-year 2025 revenue guidance to $5.15-$5.35B while maintaining adjusted operating income guidance at $800-830M. Revenue backlog reached $30.1B (up 86% YoY), driven by expansion contracts with both hyperscale customers and diversifying demand across enterprise, financial services, healthcare, and media verticals.
Key takeaways
- Q2 revenue grew 107% YoY to $1.2B with adjusted operating income of $200M; adjusted EBITDA scaled 3x to $753M with 62% margins
- Revenue backlog reached $30.1B (up 86% YoY and doubled year-to-date); includes $4B OpenAI expansion and new customer wins across multiple sectors
- Active power reached 470 megawatts with 2.2 gigawatts total contracted power; on track to deliver 900+ megawatts of active power by end of 2025
- Proposed Core Scientific acquisition targets $500M in fully ramped annual run-rate cost savings by 2027 and adds 1.3 gigawatts of gross power capacity
- Raised $6.4B in capital markets through two high-yield offerings and delayed draw term loan at SOFR+400 (900 basis point improvement from prior facility)
Financial highlights
- Q2 2025 revenue: $1.2B (107% YoY growth); Q2 2024 revenue comparison base
- Q2 adjusted operating income: $200M vs $85M in Q2 2024; 16% adjusted operating margin
- Q2 adjusted EBITDA: $753M vs $250M in Q2 2024 (3x scaling); 62% adjusted EBITDA margin
- Q2 CapEx: $2.9B (up $1B+ QoQ); full-year 2025 CapEx guidance: $20-23B
Guidance
- Q3 2025 revenue guidance: $1.26-1.30B; Q3 adjusted operating income: $160-190M
- Q3 CapEx guidance: $2.9-3.4B; Q3 interest expense guidance: $350-390M
- Full-year 2025 revenue guidance raised to $5.15-5.35B (increased $250M from prior $4.9-5.1B guidance)
- Full-year 2025 adjusted operating income guidance: $800-830M (unchanged); full-year 2025 CapEx guidance: $20-23B (unchanged)
Q&A themes
- Inference gaining significant traction with 4x increase in VFX cloud services (Conductor product); infrastructure designed as fungible between training and inference workloads
- Supply constraints primarily driven by power availability and data center capacity rather than GPU chip constraints; structural undersupply expected to persist
- Older GPU generations (A100s, H100s) being recontracted for 1-3 year terms for inference workloads; OpenAI contract extends 5 years with two additional 1-year extensions
- Weights and Biases acquisition brought 1,600 new clients and enabled three integrated products: mission control integration, W&B inference service, and Weave optimization tool
Risks
- Margin pressure from capacity deployment ahead of revenue generation as company scales at unprecedented rate; Q3 adjusted operating income guidance implies margin compression despite higher revenue
- Core Scientific acquisition completion and integration timing uncertain; regulatory approval not guaranteed and $500M cost savings target depends on successful execution
- Material CapEx requirements ($20-23B full-year) create ongoing capital intensity and financing needs despite recent improvements in cost of capital
FY2025 Q12025-05-14
Earnings calls
Company news
Reuters, WSJ, Bloomberg and FT first, as far as our news provider delivers them; other publishers behind the second filter. Headlines link to the publisher.- CoreWeave Balances Capital Needs Against Expanding Data Center Footprint
- U.S. Stocks Rise as CoreWeave Update Eases Some AI Worries
- CoreWeave Jumps, Boosting the AI Trade
- S&P 500, Nasdaq futures rise after CoreWeave soothes AI spending fears
- CoreWeave Finds a Workaround to Capital Constraints—for Now
- Stock Market Today: Tech Stocks Poised to Rise After CoreWeave Earnings
- Europe's STOXX 600 near record high as Siemens Energy, CoreWeave outlooks lift sentiment
- Everyone loves CoreWeave
- CoreWeave Meets Wall Street Expectations, Shares Rise
- CoreWeave beats quarterly revenue estimates as AI demand defies growing doubts
Company data
Company intelligence
Updated: Nov 15, 2026, 04:38 AM UTC
Company data
Company intelligence
Company profile
- Sector
- Technology
- Industry
- Software - Infrastructure
- Chief executive
- Michael N. Intrator
- Employees
- 2,189
- IPO date
- Mar 28, 2025
- Country
- US
- Exchange
- NASDAQ Global Market
Altman Z-scorei0.24
Piotroski scorei2/9
Overall ratingiD+
Owner earningsi$4.95B$8.98 per share
ESG risk ratingiBIndustry rank: 70/163
Rating factors
- Return on equityi
- 1/5
- Return on assetsi
- 1/5
- Debt to equityi
- 1/5
- Price to earningsi
- 1/5
- Price to booki
- 1/5
Company press releases
CoreWeave Becomes the Only Provider to Earn SemiAnalysis' Platinum ClusterMAX™ Rating Three Consecutive TimesBusiness WireHarell Data Selects CoreWeave to Power Its Secure Platform for AI Model TrainingBusiness WireCoreWeave Prices Upsized $3.7 Billion Convertible Senior Notes OfferingBusiness WireCoreWeave Continues to Contract New Compute Capacity at Higher PricesBusiness WireCoreWeave Announces At-the-Market Offering ProgramBusiness WireCoreWeave Announces Proposed $3.0 Billion Convertible Senior Notes OfferingBusiness Wire
Congressional disclosures
House
Cleo FieldsSale (Full) · $15,001 - $50,000Disclosed: Dec 18, 2025Cleo FieldsSale · $15,001 - $50,000Disclosed: Dec 18, 2025Cleo FieldsSale (Full) · $15,001 - $50,000Disclosed: Dec 18, 2025Cleo FieldsPurchase · $1,001 - $15,000Disclosed: Oct 31, 2025Cleo FieldsPurchase · $1,001 - $15,000Disclosed: Oct 31, 2025
Market cap history
$29.70B-48.8%Aug 2026 – Nov 2026
Latest: $29.70B · 2026-11-13High: $58.41B · 2026-08-17Low: $27.38B · 2026-11-09
Largest fund holders
| Fund | Weight | Shares held |
|---|---|---|
| VTI | 0.04% | 12.1M |
| QQQ | 0.17% | 9.6M |
| VO | 0.31% | 8.2M |
| VUG | 0.1% | 4.5M |
| VXF | 0.27% | 3.1M |
| VOT | 0.72% | 2.9M |
| BAI | 1.76% | 2.8M |
| ARKK | 2.6% | 2.6M |
| QQQM | 0.17% | 2.1M |
| ARTY | 4.36% | 2.1M |
| IWP | 0.81% | 1.8M |
| FSPTX | 0.35% | 1.4M |
Analyst track record
How the analysts covering CRWV have done: ratings, price-target accuracy and the measured reaction after their calls.
| 12 months | 3 years | |
|---|---|---|
| Ratings | 222 | 346 |
| Analysts | 49 | 55 |
| Buy / hold / sell | 135 / 71 / 16 | 185 / 138 / 23 |
| Upgrades / downgrades / initiations | 7 / 2 / 19 | 15 / 9 / 40 |
| Price targets hit / missed | 8 / 192 (4%) | 29 / 287 (9%) |
| Avg. return after a rating (TipRanks) | -49.1% | -44.5% |
| Best / worst call | +45.1% / -77.4% | +76.9% / -86.8% |
After buy calls on this stock: median 21-day move -8.0% vs S&P 500 -7.5% (n = 159)
Latest ratings
| Date | Analyst | Call | Target | |
|---|---|---|---|---|
| Nov 11, 2026 | Raimo LenschowBarclaysNov 11, 2026 | HoldMaintained | $85.00↗ | article ↗ |
| Nov 11, 2026 | Adam WoodMorgan StanleyNov 11, 2026 | HoldMaintained | $70.00↗ | article ↗ |
| Nov 11, 2026 | Param SinghOppenheimerNov 11, 2026 | BuyReiterated | $150↗ | article ↗ |
| Nov 11, 2026 | James FishPiper SandlerNov 11, 2026 | BuyMaintained | $124↗ | article ↗ |
| Nov 11, 2026 | Gil LuriaD.A. DavidsonNov 11, 2026 | HoldMaintained | $45.00↗ | article ↗ |
Share of analysts per call each month (latest call per analyst within 180 days). Targets and closes in USD.
TipRanks data · computed Nov 13, 2026 · 222 ratings
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