CoreWeave DCF

CoreWeave, Inc. (NASDAQ: CRWV) · June 2026 · University of Utah MSF

What is CoreWeave worth if GPU cloud revenue scales faster than free cash flow? I pull FMP financials, analyst revenue estimates, Treasury rates, WACC inputs, and AI infrastructure comps into a DCF, then isolate the swing factors: capex normalization, WACC, terminal growth, and net debt.

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2	CoreWeave DCF and AI Compute Infrastructure Valuation
3	What is CoreWeave worth when the model lets the buildout mature into normalized free cash flow?
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5	Findings
6	DCF valuation exhibits positive inflection point when forecasts are extended beyond the buildout trough period, requiring capex to normalize toward D&A by 2035.
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9	Valuation snapshot
10	Current share price	$115.21
11	DCF value per share	$201.73
12	DCF premium / discount	75.1%
13	Current market cap ($mm)	$62,855
14	Net debt ($mm)	$25,876
15	WACC	13.0%
16	Terminal growth	3.5%
17	2035E revenue ($mm)	$196,065
18	2035E FCF margin	18.8%
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21	Model scope
22	Company	CoreWeave, Inc. Class A Common Stock
23	Ticker	NASDAQ: CRWV
24	Financial source	FMP annual statements, quote, profile, key metrics, ratios, analyst estimates, Treasury rates
25	Valuation date	2026-06-17
26	Comps	NVDA, TSM, ASML, AMD