WallStSmart

CoreWeave, Inc. Class A Common Stock (CRWV)vsIREN Ltd (IREN)vsNebius Group N.V. (NBIS)

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Smart Verdict

WallStSmart Research — data-driven comparison

CRWV

Avoid

30

out of 100

Grade: F

Growth: 6.3Profit: 2.0Value: 5.0Quality: 2.5
Piotroski: 3/9Altman Z: -0.14

IREN

Buy

57

out of 100

Grade: C

Growth: 10.0Profit: 5.5Value: 7.3Quality: 7.5
Piotroski: 4/9Altman Z: 1.08

NBIS

Hold

47

out of 100

Grade: D+

Growth: 8.0Profit: 5.5Value: 4.7Quality: 7.0
Piotroski: 5/9Altman Z: 0.92
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Intrinsic Value Comparison

Multi-model valuation · Graham Formula

Intrinsic value data unavailable for CRWV.

IRENUndervalued (+42.4%)

Margin of Safety

+42.4%

Fair Value

$67.39

Current Price

$41.12

$26.27 discount

UndervaluedFair: $67.39Overvalued
NBISSignificantly Overvalued (-10706.1%)

Margin of Safety

-10706.1%

Fair Value

$0.82

Current Price

$114.91

$114.09 premium

UndervaluedFair: $0.82Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

CRWV1 strengths · Avg: 10.0/10
Revenue GrowthGrowth
110.4%10/10

Revenue surging 110.4% year-over-year

IREN4 strengths · Avg: 9.3/10
Profit MarginProfitability
51.5%10/10

Keeps 52 of every $100 in revenue as profit

Revenue GrowthGrowth
59.0%10/10

Revenue surging 59.0% year-over-year

Return on EquityProfitability
20.5%9/10

Every $100 of equity generates 21 in profit

EPS GrowthGrowth
42.9%8/10

Earnings expanding 42.9% YoY

NBIS3 strengths · Avg: 9.3/10
Return on EquityProfitability
74.0%10/10

Every $100 of equity generates 74 in profit

Revenue GrowthGrowth
501.0%10/10

Revenue surging 501.0% year-over-year

PEG RatioValuation
0.638/10

Growing faster than its price suggests

Areas to Watch

CRWV4 concerns · Avg: 3.3/10
Price/BookValuation
12.5x4/10

Trading at 12.5x book value

EPS GrowthGrowth
0.0%4/10

0.0% earnings growth

Piotroski F-ScoreQuality
3/93/10

Weak financial health signals

Return on EquityProfitability
-50.3%2/10

ROE of -50.3% — below average capital efficiency

IREN4 concerns · Avg: 2.8/10
P/E RatioValuation
28.7x4/10

Moderate valuation

Debt/EquityHealth
1.533/10

Elevated debt levels

PEG RatioValuation
4.062/10

Expensive relative to growth rate

Free Cash FlowQuality
$-208.96M2/10

Negative free cash flow — burning cash

NBIS4 concerns · Avg: 2.8/10
EPS GrowthGrowth
0.0%4/10

0.0% earnings growth

Debt/EquityHealth
1.063/10

Elevated debt levels

P/E RatioValuation
980.2x2/10

Premium valuation, high expectations priced in

Free Cash FlowQuality
$-1.22B2/10

Negative free cash flow — burning cash

Comparative Analysis Report

WallStSmart Research

Bull Case : CRWV

The strongest argument for CRWV centers on Revenue Growth. Revenue growth of 110.4% demonstrates continued momentum.

Bull Case : IREN

The strongest argument for IREN centers on Profit Margin, Revenue Growth, Return on Equity. Profitability is solid with margins at 51.5% and operating margin at -45.8%. Revenue growth of 59.0% demonstrates continued momentum.

Bull Case : NBIS

The strongest argument for NBIS centers on Return on Equity, Revenue Growth, PEG Ratio. Profitability is solid with margins at 19.2% and operating margin at -103.0%. Revenue growth of 501.0% demonstrates continued momentum.

Bear Case : CRWV

The primary concerns for CRWV are Price/Book, EPS Growth, Piotroski F-Score. Debt-to-equity of 4.54 is elevated, increasing financial risk.

Bear Case : IREN

The primary concerns for IREN are P/E Ratio, Debt/Equity, PEG Ratio. Debt-to-equity of 1.53 is elevated, increasing financial risk.

Bear Case : NBIS

The primary concerns for NBIS are EPS Growth, Debt/Equity, P/E Ratio. A P/E of 980.2x leaves little room for execution misses.

Key Dynamics to Monitor

CRWV profiles as a hypergrowth stock while IREN is a growth play — different risk/reward profiles.

CRWV is growing revenue faster at 110.4% — sustainability is the question.

IREN generates stronger free cash flow (-209M), providing more financial flexibility.

Monitor SOFTWARE - INFRASTRUCTURE industry trends, competitive dynamics, and regulatory changes.

Bottom Line

IREN scores higher overall (57/100 vs 30/100), backed by strong 51.5% margins and 59.0% revenue growth. Both earn "Buy" and "Avoid" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

CoreWeave, Inc. Class A Common Stock

TECHNOLOGY · SOFTWARE - INFRASTRUCTURE · USA

CoreWeave, Inc. operates a cloud platform that provides scaling, support, and acceleration for GenAI. The company is headquartered in Livingston, New Jersey.

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IREN Ltd

FINANCIAL SERVICES · CAPITAL MARKETS · USA

IREN Limited (Ticker: IREN) is a vertically integrated data-center and digital infrastructure company traded on the Nasdaq. Headquartered in Sydney, Australia, it develops, owns and operates large-scale, renewable-powered data centers across North America that support Bitcoin mining, AI cloud services, and high-performance computing workloads. Originally known as Iris Energy Limited before rebranding in 2024, IREN combines its energy infrastructure and computing platforms to generate revenue from cryptocurrency mining and increasingly from GPU-powered AI cloud offerings. The company has secured significant power capacity and major customer contracts as it pivots toward AI data-center growth while maintaining its legacy mining business.

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Nebius Group N.V.

COMMUNICATION SERVICES · INTERNET CONTENT & INFORMATION · USA

Nebius Group N.V. (Ticker: NBIS) is an innovative technology firm focused on delivering advanced digital solutions that enhance client engagement and operational efficiency across various industries. Leveraging cutting-edge technologies such as cloud computing, artificial intelligence, and data analytics, Nebius empowers businesses to effectively navigate the complexities of the digital landscape. With a robust portfolio of intellectual property and strategic partnerships, the company is well-positioned to capitalize on growth opportunities in the rapidly evolving tech sector, making it an attractive investment for institutional investors aiming to access high-growth potential in technology-driven markets.

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