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: 4.0Quality: 2.5
Piotroski: 3/9Altman Z: -0.14

IREN

Hold

43

out of 100

Grade: D

Growth: 6.0Profit: 3.0Value: 3.0Quality: 6.0
Piotroski: 4/9Altman Z: 1.08

NBIS

Buy

53

out of 100

Grade: C-

Growth: 8.0Profit: 5.0Value: 6.7Quality: 5.5
Piotroski: 5/9Altman Z: 0.92
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Intrinsic Value Comparison

Multi-model valuation · Graham Formula

CRWVSignificantly Overvalued (-77.3%)

Margin of Safety

-77.3%

Fair Value

$64.42

Current Price

$114.22

$49.80 premium

UndervaluedFair: $64.42Overvalued

Intrinsic value data unavailable for IREN.

NBISUndervalued (+33.0%)

Margin of Safety

+33.0%

Fair Value

$309.18

Current Price

$221.15

$88.03 discount

UndervaluedFair: $309.18Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

CRWV2 strengths · Avg: 9.5/10
Revenue GrowthGrowth
111.6%10/10

Revenue surging 111.6% year-over-year

Market CapQuality
$60.73B9/10

Large-cap with strong market position

IREN0 strengths · Avg: 0/10

No standout strengths identified

NBIS4 strengths · Avg: 9.3/10
Profit MarginProfitability
93.1%10/10

Keeps 93 of every $100 in revenue as profit

Revenue GrowthGrowth
621.0%10/10

Revenue surging 621.0% year-over-year

Market CapQuality
$52.63B9/10

Large-cap with strong market position

PEG RatioValuation
0.638/10

Growing faster than its price suggests

Areas to Watch

CRWV4 concerns · Avg: 3.3/10
Price/BookValuation
12.8x4/10

Trading at 12.8x 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
-40.7%2/10

ROE of -40.7% — below average capital efficiency

IREN4 concerns · Avg: 3.5/10
Revenue GrowthGrowth
0.0%4/10

0.0% revenue growth

EPS GrowthGrowth
0.4%4/10

0.4% earnings growth

Return on EquityProfitability
0.1%3/10

ROE of 0.1% — below average capital efficiency

Profit MarginProfitability
0.2%3/10

0.2% margin — thin

NBIS4 concerns · Avg: 3.3/10
Price/BookValuation
12.3x4/10

Trading at 12.3x book value

EPS GrowthGrowth
0.0%4/10

0.0% earnings growth

Debt/EquityHealth
1.063/10

Elevated debt levels

P/E RatioValuation
80.0x2/10

Premium valuation, high expectations priced in

Comparative Analysis Report

WallStSmart Research

Bull Case : CRWV

The strongest argument for CRWV centers on Revenue Growth, Market Cap. Revenue growth of 111.6% demonstrates continued momentum.

Bull Case : IREN

IREN has a balanced fundamental profile.

Bull Case : NBIS

The strongest argument for NBIS centers on Profit Margin, Revenue Growth, Market Cap. Profitability is solid with margins at 93.1% and operating margin at -32.1%. Revenue growth of 621.0% 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 Revenue Growth, EPS Growth, Return on Equity. A P/E of 70.5x leaves little room for execution misses. Debt-to-equity of 1.53 is elevated, increasing financial risk.

Bear Case : NBIS

The primary concerns for NBIS are Price/Book, EPS Growth, Debt/Equity. A P/E of 80.0x leaves little room for execution misses.

Key Dynamics to Monitor

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

CRWV is growing revenue faster at 111.6% — sustainability is the question.

IREN generates stronger free cash flow (-920M), providing more financial flexibility.

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

Bottom Line

IREN scores higher overall (43/100 vs 30/100). Both earn "Hold" 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 a forward-looking technology company specializing in advanced digital solutions designed to enhance client engagement and streamline operational efficiency across diverse sectors. By harnessing the power of cloud computing, artificial intelligence, and data analytics, Nebius equips businesses to effectively manage the complexities of the digital age. With a strong portfolio of intellectual property and meaningful strategic partnerships, the company is poised to capture significant growth opportunities in the dynamic technology landscape, positioning itself as an appealing investment choice for institutional investors seeking high-growth prospects in tech-driven markets.

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