CoreWeave shares have fallen 54% over the past 12 months, hitting a new 52-week low of $53.50 on Oct. 22 and sinking about 13% in the past week. Revenue soared 168% to $5.1 billion in 2025 and adjusted EBITDA rose 154% to $3.1 billion, but the company posted a $1.2 billion net loss, its share count rose 28% since its IPO, and total liabilities reached $72 billion. The Fed's September rate hike, its first in three years, made the heavily indebted balance sheet even less attractive. Contracted backlog grew 246% to $104 billion, and analysts expect 2027 revenue of $26.5 billion, though a GAAP net loss of $2.8 billion is still forecast and capacity of 1.85 GW trails the 4.2 GW backlog. The author says he would accumulate shares in the mid-50s, provided investors can look past near-term noise to long-term growth.
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