CoreWeave (CRWV) carries high debt, but its backlog could drive a financial inflection by FY 2028, according to a Seeking Alpha analyst who holds a beneficial long position in the shares. The analyst wrote the article expressing personal opinions and is not receiving compensation for it other than from Seeking Alpha, with no business relationship with any company mentioned. The analysis focuses on the company's debt level and the potential for its backlog to drive an inflection point in fiscal year 2028.