Core Scientific, Inc./tx CORZ
Core Scientific, Inc. ("we," "us," "our," the "Company," "Core Scientific," or "Core") designs, builds and operates large-scale,
purpose-built data centers that support high-density colocation services and digital asset mining for both our own account and to a
lesser extent, third-party customers. Our data centers are optimized for power-intensive, mission-critical computing workloads, with a
focus on artificial intelligence ("AI") and other high-performance computing ("HPC") applications.
Last close
13.10
2026-10-23
Market cap
$4.21B
2026-06-30 share count
52-week range
12.31 - 30.46
Valuation FY2025 figures against the last close
P/S13.2x
P/E—
P/FCF—
EV/EBITDA—
Dividend yield—
Diluted EPS-0.88
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Revenue | $319.0M | $510.7M | $502.4M | $640.3M | $544.5M | $60.3M | — |
| Cost of revenue | $281.1M | $389.6M | $378.9M | $631.9M | $305.6M | $50.9M | — |
| Gross profit | $37.9M | $121.1M | $123.5M | $8.4M | $238.9M | $9.4M | — |
| R&D | — | $11.8M | $7.2M | $27.0M | $7.7M | $5.3M | — |
| SG&A | $159.2M | $113.7M | $108.1M | $213.3M | $60.5M | $14.6M | — |
| Total operating expenses | — | — | — | $253.0M | $72.2M | $21.6M | — |
| Operating income | -$245.6M | -$142.1M | $9.0M | -$2.11B | $131.5M | -$6.3M | — |
| Pre-tax income | -$288.0M | -$1.44B | -$245.8M | -$2.16B | $63.1M | -$12.2M | — |
| Income tax | $583.0K | $859.0K | $683.0K | $17.1M | $15.8M | $0 | — |
| Net income | -$288.6M | -$1.44B | -$246.5M | -$2.15B | $47.3M | -$12.2M | — |
| EPS, basic | -0.88 | -4.87 | -0.65 | -6.30 | 0.23 | -0.14 | — |
| EPS, diluted | -0.88 | -4.87 | -0.65 | -6.30 | 0.20 | -0.14 | — |
| Shares, diluted (wtd. avg.) | 318.1M | 255.8M | 379.9M | 340.6M | 233.3M | 157.6M | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Cash and equivalents | $311.4M | $836.2M | $50.4M | $15.9M | $131.7M | $8.7M | $6.9M |
| Receivables | — | $1.0M | $1.0M | $234.0K | $1.4M | — | — |
| Total current assets | $895.5M | $904.0M | $97.0M | $85.1M | $756.6M | — | — |
| Property, plant and equipment | $1.29B | $433.5M | — | — | — | — | — |
| Goodwill | — | — | $0 | $0 | $1.06B | — | — |
| Other intangibles | — | — | $2.2M | $1.7M | $8.2M | — | — |
| Total assets | $2.35B | $664.2M | $712.2M | $807.7M | $2.44B | $15.0K | — |
| Accounts payable | $126.1M | $19.3M | $154.8M | $53.6M | $11.6M | — | — |
| Total current liabilities | $781.4M | $134.6M | $488.4M | $186.8M | $320.3M | $400 | — |
| Total liabilities | $3.31B | $2.42B | $1.31B | $1.22B | $1.05B | $400 | — |
| Retained earnings | -$4.15B | -$3.11B | -$2.42B | -$2.17B | -$27.4M | -$10.4K | — |
| Total equity | -$962.7M | -$1.18B | -$596.9M | -$409.3M | $1.34B | $89.2M | $106.3M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Operating cash flow | $278.2M | $42.9M | $65.1M | $205.2M | -$56.7M | -$23.8M | — |
| Depreciation and amortisation | $68.9M | $113.2M | $96.0M | $225.3M | $33.4M | $9.4M | — |
| Stock-based compensation | $98.2M | $51.9M | $58.9M | $182.9M | $38.9M | $3.0M | — |
| Capital expenditure | $729.0M | $95.0M | $16.2M | $384.0M | $0 | $0 | — |
| Investing cash flow | -$740.8M | -$95.2M | -$3.0M | -$590.8M | -$423.8M | -$15.1M | — |
| Financing cash flow | -$63.1M | $819.6M | -$44.6M | $306.2M | $603.5M | $40.7M | — |
| Buybacks | — | $0 | $0 | $31.6M | — | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001628280-26-019505.
Plot the figures US dollars
Income statement
Revenue
Cost of revenue
Gross profit
R&D
SG&A
Total operating expenses
Operating income
Interest expense
Pre-tax income
Income tax
Net income
EPS, basic
EPS, diluted
Shares, diluted (wtd. avg.)
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|
| Revenue | — | $60.3M | $544.5M | $640.3M | $502.4M | $510.7M | $319.0M |
| Gross profit | — | $9.4M | $238.9M | $8.4M | $123.5M | $121.1M | $37.9M |
| Net income | — | -$12.2M | $47.3M | -$2.15B | -$246.5M | -$1.44B | -$288.6M |
Recent filings and events
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Regulation FD disclosure Item 7.01
- Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Regulation FD disclosure Item 7.01
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Unregistered share sale Shares issued outside a registered offering. Dilution, and for a small company often the way it is funded. Item 3.02
- Regulation FD disclosure Item 7.01
- Regulation FD disclosure Item 7.01
- Officer or director change Item 5.02
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
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