CRWV Stock Today: February 27 — Shares Drop as Loss Tops Views, Backlog $66.8B
CRWV stock fell today after CoreWeave reported a wider-than-expected Q4 loss, even as management pointed to a $66.8 billion backlog and strong demand tied to AI cloud spending. Shares traded near $97.63, down about 0.39%, with a day range of $95.02 to $100.75. Following results late Feb. 26, investors weighed growth visibility against near-term dilution and cash burn. We break down what the new data means for CRWV stock, CoreWeave earnings quality, and the outlook for 2026.
Q4 takeaways: loss vs. visibility
CoreWeave earnings showed a larger loss than analysts expected as the company accelerated infrastructure buildout to serve AI workloads. TTM EPS stands at -$1.66, reflecting scale-up costs and interest expense. Bloomberg reported the miss followed stepped-up investments to meet demand source. For CRWV stock, the report underscores a near-term trade-off between capacity growth and profitability.
Management highlighted a $66.8 billion revenue backlog alongside 2025 revenue that exceeded $5 billion, citing multi-year AI cloud contracts. The update supports multi-year growth visibility and suggests strong enterprise adoption of training and inference services. Details were outlined in the company’s release source. For CRWV stock, sustained backlog conversion is the key bridge from promise to profits.
The backlog points to durable demand, but timing matters. Conversion rates, deployment schedules, and margin discipline will drive free cash flow. CRWV stock can re-rate higher if revenue recognition accelerates and unit economics improve. If delays or overcapacity emerge, losses could persist. We will watch gross margin trends and contract rollouts across 2026.
Financing, leverage, and cash flow
CoreWeave moved to bolster liquidity with new convertible notes and a larger revolving credit facility to scale GPU capacity and data centers. That supports growth but introduces dilution risk and higher interest costs. CRWV stock will likely track how efficiently this capital translates into revenue and whether future raises are still needed to meet deployment timelines.
Leverage is elevated. Debt-to-equity is 4.85, net debt to EBITDA is 7.65, and interest coverage is 0.16. Liquidity is tight with a 0.49 current ratio and roughly -$5.0 billion in working capital. These metrics raise execution risk if demand slows. For CRWV stock, balance-sheet progress could be a near-term catalyst.
Free cash flow per share is -$16.19, reflecting heavy investment. Capex to revenue is 2.26 and capex to operating cash flow is 5.78, signaling an aggressive expansion phase. CRWV stock may respond favorably if backlog converts to cash faster, easing external funding needs while protecting margins during the ramp.
Market reaction, valuation, and ratings
CRWV stock traded at $97.63, down 0.39% today, with a $95.02 to $100.75 range. The stock is above its 50-day average of $86.65 but below the 200-day average of $109.12. ATR of 8.14 points to wide swings. Despite today’s slip, shares are up 144% over 12 months and 23% year to date.
With a TTM price-to-sales of 11.29 and EV-to-sales of 15.37, investors are paying a premium for growth tied to AI cloud spending. CRWV stock valuation assumes rapid scale and backlog realization. Any slippage in delivery or margin expansion could compress multiples before fundamentals catch up.
Analyst views are mixed: 13 Buy, 10 Hold, and 3 Sell. One external model flags a D+ “Strong Sell,” while a separate composite stock grade shows B+ (score 70.72) suggesting BUY. For CRWV stock, divergence reflects high uncertainty. Execution, contract timing, and financing costs will likely drive estimate revisions.
Technical setup and levels to watch
Technicals are balanced. RSI sits at 54.82, MACD histogram is slightly positive, and ADX at 10.91 signals no strong trend. Stochastic %K at 84.76 is near overbought. CRWV stock is stabilizing after a sharp run, but momentum is fragile and could swing on fresh headlines or guidance updates.
On volatility bands, the middle Bollinger near $92.81 is first support, with the lower band around $81.01 as secondary. Resistance appears near the upper band at $104.61 and the 200-day average near $109.12. For CRWV stock, reclaiming $105 to $110 would improve the technical picture.
Active traders might look for pullbacks toward $93 to manage risk, or a confirmed break above $105 on rising volume. Position sizing matters given ATR. Longer-term investors in CRWV stock may prefer staged entries tied to backlog conversion, margin progress, and updates on financing terms. This is not financial advice.
Final Thoughts
CRWV stock slipped as CoreWeave earnings highlighted a larger loss, but the $66.8 billion backlog and 2025 revenue above $5 billion show solid demand for AI cloud services. The core debate is simple. Can the company convert its backlog fast enough to offset dilution, improve margins, and reduce cash burn? Watch gross margin trajectory, working capital needs, and the pace of new capacity going live. Key levels include $93 support and $105 to $110 resistance. For U.S. investors, a balanced plan could pair staged entries with tight risk controls. Clear execution on deployments and contract timing would be the strongest near-term catalysts.
FAQs
Why did CRWV stock fall today?
CRWV stock slipped after CoreWeave reported a wider-than-expected quarterly loss, reminding investors that heavy buildout spending still weighs on profits. Management highlighted strong demand and a large backlog, but the market focused on near-term dilution, cash burn, and execution risk after the report released late on Feb. 26.
How big is the CoreWeave backlog and why does it matter?
Management cited a $66.8 billion backlog tied to multi-year AI cloud contracts. It matters because it signals strong demand visibility across training and inference workloads. For CRWV stock, timely conversion of that backlog into recognized revenue and cash flow is the bridge from growth spending to sustainable profitability.
Is CoreWeave profitable right now?
No. On a trailing basis, EPS is -$1.66 and free cash flow is negative as the company scales infrastructure. Profitability depends on backlog conversion, operating leverage, and financing costs. Investors in CRWV stock should track gross margins, utilization, and working capital as capacity ramps through 2026.
What key technical levels should I watch on CRWV stock?
Near-term support sits around the middle Bollinger band near $92.81, with secondary support near $81.01. Resistance is around $104.61 and the 200-day average near $109.12. A push above $105 to $110 would improve momentum, while a break below $93 could open room to retest the low $80s.
How are analysts and models rating CRWV stock?
Views are mixed. The Street shows 13 Buy, 10 Hold, and 3 Sell ratings. One third-party model assigns a D+ with a Strong Sell tilt, while a composite stock grade indicates B+ with a BUY suggestion. Divergence reflects uncertainty around growth execution, financing costs, and margin expansion.
Disclaimer:
The content shared by Meyka AI PTY LTD is solely for research and informational purposes. Meyka is not a financial advisory service, and the information provided should not be considered investment or trading advice.