NASDAQ : CORZ
Core Scientific, Inc. — Financial statements
Technology · Software - Infrastructure · United States
Last price 14.43 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 4.64B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Core Scientific, Inc. (CORZ) reported revenue of 440.31M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Operating Revenue | 289.07M | 89.81M | 101.93M | 112.07M | 242.52M | 327.56M |
| Other Revenue | 151.24M | 229.21M | 408.74M | 390.33M | 397.80M | 216.93M |
| Revenue | 440.31M | 319.02M | 510.67M | 502.40M | 640.31M | 544.48M |
| Cost of Revenue | 298.81M | 264.43M | 376.99M | 378.94M | 631.91M | 305.62M |
| Gross Profit | 141.50M | 54.59M | 133.68M | 123.46M | 8.40M | 238.86M |
| Selling, General & Admin | 215.68M | 199.29M | 131.12M | 108.11M | 223.71M | 64.55M |
| Research & Development | 26.96M | 7.67M | ||||
| Other Operating Expenses | 66.64M | 31.60M | 3.81M | 4.43M | 187.02M | 32.39M |
| Operating Expenses | 282.32M | 230.89M | 134.93M | 112.54M | 437.69M | 104.61M |
| Operating Income | -140.82M | -176.30M | -1.25M | 10.92M | -429.29M | 134.25M |
| Interest Expense | -39.24M | -37.07M | -86.24M | -96.83M | -44.35M | |
| Interest & Investment Income | 10.46M | 3.28M | ||||
| Currency Exchange Gain (Loss) | -28.02M | -118.00K | ||||
| Other Non Operating Income (Expenses) | -820.72M | -33.10M | -1.37B | 2.53M | 42.20M | -2.00K |
| EBT Excluding Unusual Items | -990.32M | -206.12M | -1.41B | -72.79M | -511.94M | 89.77M |
| Merger & Restructuring Charges | -6.80M | |||||
| Impairment of Goodwill | -1.05B | |||||
| Gain (Loss) on Sale of Assets | -39.91M | -9.68M | -4.21M | -1.96M | ||
| Asset Writedown | -277.85M | -11.36M | -122.87M | -590.74M | ||
| Legal Settlements | -11.19M | -10.69M | -2.07M | -2.64M | ||
| Other Unusual Items | -108.57M | -50.18M | 97.22M | -171.06M | 767.00K | -24.06M |
| Pretax Income | -1.43B | -288.03M | -1.44B | -245.80M | -2.16B | 63.08M |
| Income Tax Expense | 2.73M | 583.00K | 859.00K | 683.00K | -17.09M | 15.76M |
| Net Income | -1.43B | -288.62M | -1.44B | -246.49M | -2.15B | 47.31M |
| Preferred Dividends & Other Adjustments | 202.23M | -7.88M | -192.59M | |||
| Net Income to Common | -1.63B | -280.74M | -1.25B | -246.49M | -2.15B | 47.31M |
| Shares Outstanding (Basic) | 321.84M | 318.07M | 255.83M | 379.86M | 340.65M | 207.26M |
| Shares Outstanding (Diluted) | 321.84M | 318.07M | 255.83M | 379.86M | 340.65M | 233.31M |
| EPS (Basic) | -5.07 | -0.88 | -4.87 | -0.65 | -6.30 | 0.23 |
| EPS (Diluted) | -5.07 | -0.88 | -4.87 | -0.65 | -6.30 | 0.20 |
| Free Cash Flow | -957.75M | -450.75M | -52.06M | 48.95M | -396.47M | -56.73M |
| Free Cash Flow Per Share | -2.98 | -1.42 | -0.20 | 0.13 | -1.16 | -0.24 |
| Gross Margin | 32.14% | 17.11% | 26.18% | 24.57% | 1.31% | 43.87% |
| Operating Margin | -31.98% | -55.26% | -0.24% | 2.17% | -67.04% | 24.66% |
| Profit Margin | -370.83% | -88.00% | -243.85% | -49.06% | -335.20% | 8.69% |
| Free Cash Flow Margin | -217.52% | -141.29% | -10.20% | 9.74% | -61.92% | -10.42% |
| EBITDA | -78.25M | -107.39M | 111.95M | 106.92M | -204.03M | 167.61M |
| EBITDA Margin | -17.77% | -33.66% | 21.92% | 21.28% | -31.86% | 30.78% |
| D&A For EBITDA | 62.57M | 68.91M | 113.20M | 96.00M | 225.26M | 33.36M |
| EBIT | -140.82M | -176.30M | -1.25M | 10.92M | -429.29M | 134.25M |
| EBIT Margin | -31.98% | -55.26% | -0.24% | 2.17% | -67.04% | 24.66% |
| Effective Tax Rate | 24.99% | |||||
| Revenue as Reported | 440.31M | 319.02M | 510.67M | 502.40M | 640.31M | 544.48M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 1.77B | 311.38M | 836.20M | 50.41M | 15.88M | 117.87M |
| Cash & Short-Term Investments | 1.77B | 311.38M | 836.20M | 50.41M | 15.88M | 117.87M |
| Receivables | 1.00M | 257.00K | 1.68M | |||
| Prepaid Expenses | 22.32M | 28.29M | 27.51M | |||
| Restricted Cash | 165.75M | 783.00K | 19.30M | 36.36M | 13.81M | |
| Other Current Assets | 508.16M | 584.16M | 66.98M | 3.98M | 4.31M | 595.69M |
| Total Current Assets | 2.44B | 895.54M | 903.96M | 97.02M | 85.10M | 756.56M |
| Property, Plant & Equipment | 1.89B | 1.40B | 553.82M | 593.27M | 711.56M | 597.30M |
| Goodwill | 1.06B | |||||
| Other Intangible Assets | 228.62M | 1.70M | 8.20M | |||
| Long-Term Deferred Charges | 10.68M | |||||
| Other Long-Term Assets | 695.23M | 48.48M | 18.17M | 21.86M | 9.32M | 10.36M |
| Total Assets | 5.26B | 2.35B | 1.48B | 712.16M | 807.69M | 2.44B |
| Accounts Payable | 112.37M | 126.11M | 19.27M | 191.43M | 74.55M | 11.62M |
| Accrued Expenses | 101.35M | 23.47M | 47.27M | 59.60M | 76.08M | 30.85M |
| Current Portion of Long-Term Debt | 16.29M | 124.36M | 36.24M | 76.00M | ||
| Current Portion of Leases | 13.46M | 12.34M | 11.64M | 19.85M | 769.00K | 28.45M |
| Current Income Taxes Payable | 94.31M | 4.72M | 5.74M | |||
| Current Unearned Revenue | 287.20M | 127.56M | 18.13M | 9.83M | 78.19M | 141.93M |
| Other Current Liabilities | 2.22B | 491.93M | 21.95M | 46.03M | 1.64M | 25.70M |
| Total Current Liabilities | 2.74B | 781.40M | 134.56M | 545.40M | 272.19M | 320.29M |
| Long-Term Debt | 4.30B | 1.06B | 1.07B | 726.44M | 857.25M | 652.21M |
| Long-Term Leases | 95.92M | 89.86M | 97.85M | 37.26M | 85.38M | 62.15M |
| Long-Term Unearned Revenue | 367.24M | 428.29M | ||||
| Other Long-Term Liabilities | 177.93M | 950.51M | 1.11B | 2.21M | 18.53M | |
| Total Liabilities | 7.68B | 3.31B | 2.42B | 1.31B | 1.22B | 1.05B |
| Common Stock | 3.00K | 3.00K | 3.00K | 36.00K | 36.00K | 27.00K |
| Additional Paid-In Capital | 3.23B | 3.18B | 2.92B | 1.82B | 1.76B | 1.38B |
| Retained Earnings | -5.65B | -4.15B | -3.86B | -2.42B | -2.17B | -27.43M |
| Comprehensive Income & Other | -10.97M | |||||
| Total Common Equity | -2.42B | -962.74M | -943.05M | -596.94M | -409.35M | 1.34B |
| Shareholders' Equity | -2.42B | -962.74M | -943.05M | -596.94M | -409.35M | 1.39B |
| Total Liabilities & Equity | 5.26B | 2.35B | 1.48B | 712.16M | 807.69M | 2.44B |
| Total Debt | 4.41B | 1.16B | 1.20B | 907.90M | 979.64M | 818.81M |
| Net Cash (Debt) | -2.64B | -851.14M | -363.57M | -857.49M | -963.76M | -700.93M |
| Net Cash Per Share | -8.20 | -2.68 | -1.42 | -2.26 | -2.83 | -3.00 |
| Filing Date Shares Outstanding | 321.34M | 315.33M | 294.12M | 177.60M | 373.80M | 319.13M |
| Total Common Shares Outstanding | 319.59M | 314.23M | 292.61M | 386.88M | 375.23M | 169.72M |
| Working Capital | -294.15M | 114.14M | 769.40M | -448.38M | -187.09M | 436.27M |
| Book Value Per Share | -7.57 | -3.06 | -3.22 | -1.54 | -1.09 | 7.90 |
| Tangible Book Value | -2.65B | -962.74M | -943.05M | -596.94M | -411.05M | 277.25M |
| Tangible Book Value Per Share | -8.29 | -3.06 | -3.22 | -1.54 | -1.10 | 1.63 |
| Land | 90.77M | 21.77M | 17.21M | 21.85M | 22.31M | 12.99M |
| Buildings | 509.71M | 278.22M | 186.27M | 164.50M | 166.49M | 93.06M |
| Machinery | 436.36M | 486.12M | 487.37M | 446.91M | 387.86M | 418.08M |
| Construction In Progress | 1.10B | 911.07M | 111.97M | 183.91M | 254.50M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -1.43B | -288.62M | -1.44B | -246.49M | -2.15B | 47.31M |
| Depreciation & Amortization | 62.57M | 68.91M | 113.20M | 96.00M | 226.09M | 33.36M |
| Other Amortization | 5.99M | 5.99M | 3.76M | 752.00K | 7.13M | 1.37M |
| Loss (Gain) From Sale of Assets | 39.91M | 9.68M | 4.21M | 1.96M | 22.12M | 118.00K |
| Asset Writedown & Restructuring Costs | 277.85M | 11.36M | 122.87M | 1.65B | ||
| Stock-Based Compensation | 93.88M | 98.24M | 51.92M | 58.89M | 182.89M | 38.94M |
| Provision & Write-off of Bad Debts | 9.00M | |||||
| Other Operating Activities | 962.44M | -151.85M | 1.21B | -12.98M | 175.72M | -128.32M |
| Change in Accounts Receivable | 125.71M | 659.00K | -744.00K | -7.58M | -7.41M | |
| Change in Accounts Payable | -158.34M | 10.78M | -12.27M | 118.91M | 26.71M | -21.99M |
| Change in Unearned Revenue | 504.83M | 537.72M | 8.30M | -47.81M | -55.97M | 184.34M |
| Change in Other Net Operating Assets | 35.96M | -23.97M | -24.33M | 96.62M | 115.44M | -204.46M |
| Operating Cash Flow | 520.24M | 278.25M | 42.90M | 65.11M | 205.19M | -56.73M |
| Capital Expenditures | -1.48B | -729.00M | -94.96M | -16.16M | -601.66M | |
| Sale of Property, Plant & Equipment | 5.72M | 3.46M | 704.00K | |||
| Cash Acquisitions | -365.21M | |||||
| Divestitures | 14.00M | |||||
| Sale (Purchase) of Intangibles | -10.21M | -10.21M | -231.00K | -833.00K | 10.85M | -59.27M |
| Investment in Securities | -5.00M | -5.00M | ||||
| Other Investing Activities | -227.54M | 29.00K | -59.00K | |||
| Investing Cash Flow | -1.72B | -740.75M | -95.19M | -3.00M | -590.78M | -423.84M |
| Long-Term Debt Issued | 1.06B | 261.35M | 670.75M | |||
| Long-Term Debt Repaid | -37.80M | -310.86M | -44.65M | -143.61M | -57.05M | |
| Net Debt Issued (Repaid) | 3.27B | -37.80M | 746.91M | -44.65M | 117.74M | 613.70M |
| Issuance of Common Stock | 6.91M | 6.91M | 59.89M | 25.05M | 513.00K | |
| Repurchase of Common Stock | -67.53M | -32.22M | -31.65M | |||
| Other Financing Activities | -47.49M | 12.77M | 195.01M | -10.68M | ||
| Financing Cash Flow | 3.16B | -63.10M | 819.57M | -44.65M | 306.15M | 603.53M |
| Net Cash Flow | 1.97B | -525.60M | 767.27M | 17.47M | -79.44M | 122.96M |
| Free Cash Flow | -957.75M | -450.75M | -52.06M | 48.95M | -396.47M | -56.73M |
| Free Cash Flow Margin | -217.52% | -141.29% | -10.20% | 9.74% | -61.92% | -10.42% |
| Free Cash Flow Per Share | -2.98 | -1.42 | -0.20 | 0.13 | -1.16 | -0.24 |
| Levered Free Cash Flow | 464.83M | -550.76M | -271.03M | 280.20M | 85.30M | -341.50M |
| Unlevered Free Cash Flow | 483.37M | -556.75M | -251.62M | 333.35M | 138.68M | -315.16M |
| Cash Interest Paid | 19.66M | 15.20M | 28.80M | 4.71M | 86.01M | 38.18M |
| Cash Income Tax Paid | 400.00K | 205.00K | -159.00K | -370.00K | 5.76M | 9.62M |
| Change in Working Capital | 508.16M | 524.53M | -27.64M | 166.98M | 78.61M | -49.52M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 4.26B | 4.51B | 3.92B | |||
| Enterprise Value | 6.90B | 5.22B | 4.24B | |||
| Last Close Price | 13.25 | 14.56 | 14.05 | |||
| Forward PE | 273.93 | 130.99 | ||||
| PS Ratio | 9.67 | 14.15 | 7.68 | |||
| PB Ratio | -4.69 | -4.16 | ||||
| P/OCF Ratio | 8.18 | 16.23 | 91.47 | |||
| EV/Sales Ratio | 15.66 | 16.37 | 8.30 | |||
| EV/EBITDA Ratio | 37.86 | |||||
| Debt / Equity Ratio | -1.82 | -1.21 | -1.27 | -1.52 | -2.39 | 0.59 |
| Debt / EBITDA Ratio | 9.47 | 8.41 | 4.89 | |||
| Debt / FCF Ratio | 18.55 | |||||
| Net Debt / Equity Ratio | -1.09 | -0.88 | -0.39 | -1.44 | -2.35 | 0.51 |
| Net Debt / EBITDA Ratio | -33.71 | -7.93 | 3.25 | 8.02 | -4.72 | 4.18 |
| Net Debt / FCF Ratio | -2.75 | -1.89 | -6.98 | 17.52 | -2.43 | -12.36 |
| Asset Turnover | 0.12 | 0.17 | 0.47 | 0.66 | 0.39 | 0.41 |
| Quick Ratio | 0.65 | 0.40 | 6.21 | 0.09 | 0.06 | 0.37 |
| Current Ratio | 0.89 | 1.15 | 6.72 | 0.18 | 0.31 | 2.36 |
| Return on Equity (ROE) | -439.67% | 6.23% | ||||
| Return on Assets (ROA) | -2.43% | -5.76% | -0.07% | 0.90% | -16.53% | 6.30% |
| Return on Invested Capital (ROIC) | -9.62% | -12.13% | -0.17% | 3.11% | -32.74% | 8.94% |
| Return on Capital Employed (ROCE) | -5.60% | -11.30% | -0.10% | 6.50% | -80.20% | 6.30% |
| Earnings Yield | -38.29% | -6.39% | -36.65% | |||
| FCF Yield | -22.49% | -9.98% | -1.33% | |||
| Buyback Yield / Dilution | -3.62% | -24.33% | 32.65% | -11.51% | -46.01% | -48.03% |