Last 8 quarters of trend data · Technology · Software - Infrastructure
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | -28.31 | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | |
| P/S Ratio | 6.35 | 4.97 | 12.48 | 16.36 | 3.82 | — | — | — | — |
| — | — | — | — | — | — | — | — | — | |
| P/B Ratio | 10.40 | 9.36 | 17.57 | 20.77 | 4.89 | — | — | — | — |
| — | — | — | — | — | — | — | — | — | |
| P/FCF | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | |
| EV / EBITDA | — | — | 31.16 | 40.07 | 15.39 | — | — | — | — |
| — | — | — | — | — | — | — | — | — | |
| EV / EBIT | — | — | 288.30 | 956.93 | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
CoreWeave, Inc. Class A Common Stock's operating margin was -5.7% in Q4 2025, down 9.5 pp QoQ and down 20.8 pp YoY. The trailing four-quarter average of -0.8% exceeds the current quarter, suggesting the latest result may reflect seasonal weakness or a one-off headwind. Gross margin contracted 10.6% YoY, suggesting cost inflation or competitive pricing pressure.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 71.7% | 67.6% | 73.0% | 74.2% | 73.3% | 75.6% | 75.5% | 68.6% | 70.0% |
| — | -10.6% | -3.3% | +8.2% | +4.7% | — | — | — | — | |
| Operating Margin | -0.9% | -5.7% | 3.8% | 1.6% | -2.8% | 15.1% | 20.1% | 8.9% | -1.6% |
| — | -137.8% | -81.1% | -82.3% | -78.7% | — | — | — | — | |
| Net Margin | -22.7% | -28.7% | -8.1% | -24.0% | -32.1% | -6.9% | -61.6% | -68.5% | -147.1% |
| — | -318.1% | +86.9% | +65.0% | +78.2% | — | — | — | — |
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|
| ROE | -79.9% | -12.5% | -2.9% | -8.4% | -23.7% | — | — | — | — |
| — | — | — | — | — | — | — | — | — | |
| ROA | -3.5% | -1.1% | -0.4% | -1.2% | -1.6% | -0.3% | -2.5% | — | -3.4% |
| — | -241.9% | +85.4% | — | +53.7% | — | — | — | — | |
| ROIC | -0.3% | -0.4% | 0.2% | 0.1% | -0.2% | 1.3% | 4.1% | 1.4% | -0.1% |
| — | -130.2% | -95.1% | -93.4% | -59.1% | — | — | — | — |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
The current ratio has improved 18.0% YoY to 0.46x, strengthening the short-term liquidity position.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 4.54 | 4.54 | 4.85 | 3.81 | 3.88 | — | — | — | — |
| — | — | — | — | — | — | — | — | — | |
| Debt / EBITDA | — | — | 27.56 | 25.16 | 28.60 | 22.21 | 16.91 | — | 38.82 |
| — | — | +63.0% | — | -26.3% | — | — | — | — | |
| Current Ratio | 0.46 | 0.46 | 0.49 | 0.52 | 0.44 | 0.39 | 0.52 | — | 0.50 |
| — | +18.0% | -5.9% | — | -13.5% | — | — | — | — | |
| Quick Ratio | 0.46 | 0.46 | 0.49 | 0.52 | 0.44 | 0.39 | 0.52 | — | 0.50 |
| — | +18.0% | -5.9% | — | -13.5% | — | — | — | — | |
| Interest Coverage | — | — | 0.17 | 0.07 | -0.10 | 0.76 | 1.12 | 0.41 | -0.11 |
| — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 8 years · Updated daily
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Start ComparisonCoreWeave, Inc. Class A Common Stock's current P/E is -28.3x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
CoreWeave, Inc. Class A Common Stock's current operating margin is -0.9%. Margins have been compressing over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking CoreWeave, Inc. Class A Common Stock's business trajectory between earnings reports.