CoreWeave's Ownership Structure and Earnings Expectations Ahead of Q2 Report

CoreWeave (CRWV), a cloud computing company, is set to release Q2 earnings after the market closes on August 12. Wall Street anticipates a loss per share of $0.23 on revenue of $1.08 billion. As earnings approach, analysts remain cautious due to high valuation, elevated debt levels, and reliance on Microsoft (MSFT). Public companies and individual investors own 74.64% of CRWV, followed by insiders, mutual funds, ETFs, and other institutional investors. Top shareholders include Jack D. Cogen with a 9.55% stake, and the Vanguard Total Stock Market ETF with a 0.30% stake.

CoreWeave (CRWV), a cloud computing company specializing in AI infrastructure, is set to release its Q2 earnings after the market closes on August 12. Wall Street analysts anticipate a loss per share of $0.23 on revenue of $1.08 billion, reflecting the company's continued investment in growth and expansion [2].

As earnings approach, analysts remain cautious due to several factors. High valuation, elevated debt levels, and reliance on Microsoft (MSFT) as its largest customer are among the concerns. Additionally, the expiration of the IPO lockup period, which frees up 83% of Class A shares, is expected to increase the stock's float and potentially impact its price [1].

The company's stock has experienced significant volatility, jumping 225% in 2025. However, it sold off in June after announcing a deal to acquire Core Scientific (CORZ) in an all-stock deal initially valued at $9 billion. The acquisition has added data center capacity but has also raised questions about the deal's feasibility and the impact on CoreWeave's financial performance [1].

CoreWeave's growth is propelled by several key factors, including a recent five-year, $11.9 billion deal with OpenAI for AI data centers and the acquisition of Core Scientific. These strategic moves highlight the company's aggressive expansion in the AI cloud infrastructure market [2]. However, analysts warn of potential challenges, including quarterly volatility due to large bookings and substantial capital expenditure [2].

Public companies and individual investors own 74.64% of CRWV, followed by insiders, mutual funds, ETFs, and other institutional investors. Top shareholders include Jack D. Cogen with a 9.55% stake and the Vanguard Total Stock Market ETF with a 0.30% stake [3].

The upcoming earnings report will be crucial in determining whether CoreWeave can justify its lofty market expectations and cement its position as a leader in the AI cloud infrastructure space. Investors and analysts will closely watch the company's financial performance and the impact of the IPO lockup expiration on its stock price.

References:
[1] https://www.investors.com/news/technology/coreweave-stock-coreweave-ipo-lockup-expiration-core-scientific/
[2] https://theoutpost.ai/news-story/core-weave-s-q2-earnings-anticipation-ai-driven-growth-and-market-expectations-18938/
[3] https://www.theglobeandmail.com/investing/markets/stocks/NBIS/pressreleases/33965558/should-you-hold-or-sell-crwv-stock-before-q2-earnings-release/