A 100bp rate rise costs the median filer $2.9m a year
Ninety-three June-quarter 10-Qs price a 100 basis point rise against their own debt, out of 393 that use the phrase, ahead of the 15-16 September FOMC.
19 primary sourcesTicker · 4 articles
CoreWeave (CRWV)
CoreWeave research follows the gap between a capital-intensive business and the earnings measure used to describe it. The dedicated analysis puts depreciation and interest beside adjusted EBITDA. Related work examines capital spending, loan terms and sensitivity to interest rates. These calculations distinguish operating performance from the costs of building and financing capacity.
Last checked Aug 31, 2026 All companies
Where to start
CoreWeave's depreciation and interest beat $1.5B EBITDA is the dedicated analysis behind this research file. The articles below distinguish this company’s own results from comparisons and supply-chain context.
How to read these figures
Adjusted EBITDA omits costs that still matter to shareholders. Rate sensitivity is conditional on the disclosed debt structure and does not predict future rates. Each group below links to the article that establishes its period, definition and source. These are dated research findings, not current market quotes.
Five ways to fund AI. Only two create interest expense
Alphabet, AMD, Intel and CoreWeave raised $52.35bn for AI capacity in 22 days using five instruments. Where each lands on the statements is not the same.
5 primary sources · 1 correctionCoreWeave, Boeing and 14 more outspent their cash flow
CoreWeave spent 337% of operating cash flow and Boeing 276%. A screen identifies large qualifying SEC filers whose capex exceeded operating cash flow.
6 primary sources · 2 correctionsCoreWeave's depreciation and interest beat $1.5B EBITDA
Revenue doubled to $2.6bn in the June quarter, operating income turned negative, and debt rose $13.7bn in six months. What the filings show.
3 primary sources · 1 correctionFigures we worked out for CRWV
Not a data feed. Each of these was calculated inside one of the articles above, from the filings listed at the bottom of this page. The arithmetic is shown so you can redo it — and it is re-run every time this site is built.
| Figure | Value | Arithmetic |
|---|---|---|
| A 100bp rate rise costs the median filer $2.9m a year | ||
| CoreWeave's quarterly figure, annualised on its own six-month run rate, $m | $122m | 61 * 2 |
| CoreWeave, Boeing and 14 more outspent their cash flow | ||
| CoreWeave ratio | 3.37× | 10309 / 3058 |
| CoreWeave's depreciation and interest beat $1.5B EBITDA | ||
| Revenue growth Y/Y | +112.5% | 2575 / 1212 - 1 |
| Depreciation growth Y/Y | +149.2% | 1393 / 559 - 1 |
| Interest expense growth Y/Y | +139.7% | 640 / 267 - 1 |
| Adjusted operating income change Y/Y | −36.0% | 128 / 200 - 1 |
| Depreciation plus interest | $2,033m | 1393 + 640 |
| Amount by which they exceed adjusted EBITDA | $523m | 1393 + 640 - 1510 |
| Adjusted EBITDA to interest, the ratio Uber's covenants use | 2.36× | 1510 / 640 |
| Total debt at 30 June 2026 | $35,068m | 6235 + 25170 + 1278 + 2385 |
| Total debt at 31 December 2025 | $21,373m | 6118 + 14608 + 590 + 57 |
| Debt increase over six months | $13,695m | 35068 - 21373 |
| Quarterly capex against new debt drawn | +47.7% | 6422 / 13457 |
| Backlog in years of current revenue | 10.097 | 104000 / (2575 * 4) |
| Adjusted EBITDA margin | +58.6% | 1510 / 2575 |
15 figures from 3 articles. Totals and industry averages that belong to no single company are not listed here.
Company-specific SEC sources
- CoreWeave, Inc. — Form 10-Q for the quarter ended 30 June 2026Item 3 — for every 100-basis point move, interest expense could change by approximately $30 million for the three months and $61 million for the six months ended 30 June 2026
- CoreWeave, Inc — Form 8-K, 10 August 2026 (Items 1.01 and 2.03)$2.6bn delayed draw term loan · Term SOFR + 5.50% · matures 1 September 2031
- CoreWeave, Inc. — Form 10-K, fiscal year ended December 31 2025Spot-checked: operating cash flow $3.06B, capex $10.31B
- CoreWeave, Inc. — Form 8-K, Q2 2026 results, filed August 11 2026Income statement, cash flow statement, balance sheet, EBITDA reconciliation
- CoreWeave, Inc. — Form 8-K, $2.6bn loan facility, filed August 10 2026Five-year maturity against approximately three-year customer contracts
- CoreWeave, Inc. — SEC EDGAR filing historyCIK 0001769628
6 documents, deduplicated. Only SEC sources explicitly identified with this company are listed here. Broader research sources remain in the linked articles.