{
  "research_date": "2026-10-20",
  "status": "published-dated-snapshot",
  "company": "CoreWeave",
  "ticker": "CRWV",
  "financial_as_of": "2026-06-30",
  "units": "USD millions except ratios and shares",
  "sources": {
    "financials": "https://www.sec.gov/Archives/edgar/data/1769628/000176962826000366/crwv-20260630.htm",
    "earnings": "https://investors.coreweave.com/news/news-details/2026/CoreWeave-Reports-Strong-Second-Quarter-2026-Results/",
    "august_facility": "https://investors.coreweave.com/news/news-details/2026/CoreWeave-Closes-2-6-Billion-Loan-Facility-Expanding-Financing-Flexibility-for-AI-Infrastructure/default.aspx",
    "13f": "https://www.sec.gov/Archives/edgar/data/1595888/000159588826000108/q2-2026-13f-hr.xml",
    "13f_rules": "https://www.sec.gov/rules-regulations/staff-guidance/frequently-asked-questions-about-form-13f"
  },
  "financials": {
    "debt_carrying": 35068,
    "debt_before_unamortized_discount_and_costs": 35551,
    "debt_current_carrying": 7513,
    "cash_unrestricted": 5524,
    "recourse_debt_carrying": 31405,
    "nonrecourse_debt_carrying": 3663,
    "operating_lease_liability": 16319,
    "finance_lease_liability": 221,
    "uncommenced_lease_undiscounted": 35500,
    "h1_ocf": 3663,
    "h1_cash_ppe": 14117,
    "q2_ocf": 679,
    "q2_cash_ppe": 6422,
    "q2_adjusted_ebitda": 1510,
    "q2_net_interest_expense": 640,
    "q2_gaap_operating_income": -49,
    "h1_adjusted_ebitda": 2667,
    "revenue_backlog": 104000
  },
  "calculations": {
    "cash_to_current_debt": 0.7352588846000266,
    "h1_ocf_to_cash_ppe": 0.25947439257632643,
    "q2_ocf_to_cash_ppe": 0.1057303020865774,
    "h1_cash_after_ppe": -10454,
    "q2_cash_after_ppe": -5743,
    "q2_adjusted_ebitda_to_net_interest_proxy": 2.359375,
    "debt_to_annualized_h1_adjusted_ebitda_proxy": 6.664979377577803,
    "debt_to_annualized_q2_adjusted_ebitda_proxy": 5.885927152317881
  },
  "maturities_usd_million": {
    "2026_remaining": 4413,
    "2027": 6184,
    "2028": 4416,
    "2029": 2421,
    "2030": 3221,
    "thereafter": 14896
  },
  "institution_sample": {
    "manager": "Jane Street Group LLC",
    "as_of": "2026-06-30",
    "filed": "2026-08-14",
    "accession": "0001595888-26-000108",
    "put_underlying_shares": 21991800,
    "call_underlying_shares": 15601500,
    "stock_shares": 13885024,
    "raw_sha256": "85f00cd7e9128e7311de5377762b1fb2849540f68e5d29b120873944f0760450",
    "scope": "One manager filing; aggregated other-manager rows. Not market-wide; no claim of current holdings.",
    "strike": null,
    "expiry": null,
    "deep_otm": null,
    "hedging_intent": null,
    "premium_paid": null
  },
  "option_market": {
    "verified_full_chain_as_of": null,
    "deep_otm_put_oi": null,
    "institutional_deep_otm_put_total": null,
    "status": "unavailable-not-zero",
    "proposed_definition": "K / same-timestamp spot <= 0.70; report <=0.80 sensitivity separately; standard and adjusted contracts separately",
    "expiry_buckets_days": [
      "0-30",
      "31-90",
      "91-180",
      "181-365",
      ">365"
    ]
  }
}