CoreWeave, Inc. Class A Common Stock (CRWV · NASDAQ)

CoreWeave's revenue more than doubled year over year (+112.5% to $7.59B TTM, with Q2 revenue of $2.58B), but the company remains deeply unprofitable, posting a Q2 net loss of $626.0M, a -25.4% profit margin, and negative free cash flow of $5.74B for the quarter as capex of $6.42B far outpaced operating cash flow of $679.0M. Leverage is elevated at $51.61B in total debt (13.6x EBITDA) with a current ratio of 0.46, though the firm recently priced an upsized $3.7B convertible notes offering at 2.875% due 2033. The stock closed at $87.59, down 2.8% on the day but up 7.7% over five days, sitting 38.8% below its 52-week high and 5.0% under its 200-day moving average; separate 10b5-1 sales by the CEO (307,692 shares) and CFO (55,764 shares) drew bearish headlines. Analysts' average target stands at $141.08 versus the current price, with the company beating estimates in two of its last four quarters.