CRWV — CoreWeave
CoreWeave: what they do, key numbers, and conditions we are monitoring.
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CRWV — CoreWeave
GPU Cloud Infrastructure • Active
What They Do
CoreWeave is a pure-play AI cloud GPU infrastructure provider that IPO'd in March 2025. The company rents GPU compute to AI labs and enterprises with a $66.8B revenue backlog. Customers include 9 of the top 10 AI model providers including Meta ($21B), OpenAI ($11.9B), and Anthropic ($6.8B).
Key Numbers
| Current Price | ~$118 |
| Market Cap | ~$58B |
| Revenue Backlog | $66.8B |
| Active Data Centers | 43 |
| Gross Margin | 71.7% |
| Key Customers | Meta ($21B), OpenAI ($11.9B), Anthropic ($6.8B) |
| Next Earnings | May 2026 (est.) |
What We’re Watching
- Revenue backlog conversion rate and whether contracts are committed or cancellable
- Customer concentration risk with Meta, OpenAI, and Anthropic as top accounts
- GPU utilization rates and debt service sustainability on $8.5B facility
Sources: CoreWeave 10-K and 10-Q filings (SEC EDGAR) | Yahoo Finance (CRWV)
Last Updated: April 16, 2026
This page contains publicly available information organized for research purposes. It is not investment advice, analysis, or a recommendation. Do your own work.