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CORZ (Core Scientific, Inc.) Stock Financials & Earnings | Market Cap Arena
CORZ
Core Scientific, Inc.
Mkt Cap
$5B
Technology
·
Software - Infrastructure
·
🇺🇸 United States
·
NASDAQ
Revenue (TTM)
$319M
Net Income (TTM)
-$289M
EPS (TTM)
$1.42
Free Cash Flow (TTM)
-$461M
Gross Margin
11.9%
Op. Margin
-38.0%
Net Margin
-90.5%
FCF Margin
-144.5%
P/S Ratio (TTM)
15.5x
P/E Ratio (TTM)
—
YoY Rev Growth
-37.5%
Employees
—
Earnings Reports
▶
Q4 2025
NEW
Browse All Reports
Next: Q1 2026 · Mar 31
Quarterly
FY
Revenue & Profitability
Revenue
Gross Profit
Operating Income
Quarter
Revenue
Gross Profit
Op. Income
Q1 23
$121M
$32M
$8M
Q2 23
$127M
$37M
$9M
Q3 23
$113M
$15M
-$12M
Q4 23
$142M
$39M
$4M
Q1 24
$179M
$78M
$55M
Q2 24
$141M
$39M
$7M
Q3 24
$95M
-$156K
-$41M
Q4 24
$95M
$5M
-$40M
Q1 25
$80M
$8M
-$43M
Q2 25
$79M
$5M
-$26M
Q3 25
$81M
$4M
-$65M
Q4 25
$80M
$21M
$13M
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Revenue Breakdown
CORZ
Core Scientific, Inc.
Revenue Breakdown
Q4 2025
marketcaparena.com
Valuation
P/S Ratio
P/E Ratio
Quarter
P/S
P/E
Q1 23
8.7x
—
Q2 23
9.3x
—
Q3 23
10.3x
—
Q4 23
9.9x
—
Q1 24
8.8x
—
Q2 24
8.6x
—
Q3 24
8.9x
—
Q4 24
9.7x
—
Q1 25
12.1x
—
Q2 25
14.2x
—
Q3 25
14.8x
—
Q4 25
15.5x
—
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Operating Cash Flow
Operating Cash Flow
Free Cash Flow
Quarter
Operating CF
Free CF
Q1 23
$20M
$18M
Q2 23
$18M
$17M
Q3 23
$5M
$3M
Q4 23
$22M
$10M
Q1 24
$22M
-$10M
Q2 24
$1M
-$2M
Q3 24
$6M
-$25M
Q4 24
$14M
-$15M
Q1 25
-$41M
-$129M
Q2 25
$34M
-$87M
Q3 25
$132M
-$123M
Q4 25
$153M
-$122M
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Capital Expenditures
CapEx
Quarter
CapEx
Q1 23
$2M
Q2 23
$949K
Q3 23
$3M
Q4 23
$12M
Q1 24
$32M
Q2 24
$3M
Q3 24
$31M
Q4 24
$29M
Q1 25
$88M
Q2 25
$121M
Q3 25
$255M
Q4 25
$275M
marketcaparena.com
OpEx vs Revenue Growth (YoY)
Revenue Growth
OpEx Growth
Quarter
Revenue Growth
OpEx Growth
Q1 23
-37.3%
-48.4%
Q2 23
-22.6%
-90.3%
Q3 23
-30.6%
-77.8%
Q4 23
+17.1%
-81.8%
Q1 24
+48.6%
+9.7%
Q2 24
+11.2%
+14.5%
Q3 24
-15.5%
+9.3%
Q4 24
-33.1%
-2.4%
Q1 25
-55.6%
-1.6%
Q2 25
-44.3%
-22.0%
Q3 25
-14.9%
+7.3%
Q4 25
-16.0%
-50.4%
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Stock-Based Compensation
SBC ($)
% of Revenue
Quarter
SBC ($)
% of Revenue
Q1 23
$12M
10.2%
Q2 23
$14M
11.3%
Q3 23
$15M
13.2%
Q4 23
$17M
12.3%
Q1 24
-$1M
-0.6%
Q2 24
$8M
6.0%
Q3 24
$21M
21.5%
Q4 24
$0
0.0%
Q1 25
$16M
20.4%
Q2 25
$24M
30.7%
Q3 25
$30M
36.9%
Q4 25
$28M
35.0%
marketcaparena.com
OpEx Breakdown
R&D
G&A
S&M
SG&A
Quarter
R&D
G&A
S&M
SG&A
Q1 23
$1M
$22M
$1M
—
Q2 23
$2M
$24M
$1M
—
Q3 23
$2M
$24M
$1M
—
Q4 23
$2M
$24M
$4M
—
Q1 24
$2M
—
—
$17M
Q2 24
$2M
—
—
$31M
Q3 24
$3M
$34M
$3M
—
Q4 24
$5M
$36M
$3M
—
Q1 25
—
$40M
—
—
Q2 25
—
—
—
$57M
Q3 25
—
—
—
$69M
Q4 25
—
—
—
$35M
marketcaparena.com
Rule of 40
Rule of 40
Quarter
Rev Growth %
EBITDA Margin %
Rule of 40
Q1 23
-37.3%
16.7%
-20.6
Q2 23
-22.6%
24.1%
1.5
Q3 23
-30.6%
-12.7%
-43.3
Q4 23
17.1%
-56.7%
-39.7
Q1 24
48.6%
142.1%
190.7
Q2 24
11.2%
27.1%
38.3
Q3 24
-15.5%
-438.7%
-454.2
Q4 24
-33.1%
-247.4%
-280.6
Q1 25
-55.6%
-25.4%
-81.0
Q2 25
-44.3%
-0.8%
-45.1
Q3 25
-14.9%
-157.2%
-172.1
Q4 25
-16.0%
277.1%
261.1
marketcaparena.com
Revenue Segments
Digital Asset Mining Service
Hosting Service
Quarter
Digital Asset Mining Service
Hosting Service
Q3 23
$83M
$25M
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War Chest
Cash & Equivalents
Short-Term Investments
Quarter
Cash
Short-term Investments
Total
Q1 23
$47M
$0
$47M
Q2 23
$77M
$321K
$77M
Q3 23
$64M
$559K
$65M
Q4 23
$50M
$0
$50M
Q1 24
$98M
$0
$98M
Q2 24
$96M
$0
$96M
Q3 24
$253M
$0
$253M
Q4 24
$836M
$0
$836M
Q1 25
$698M
$0
$698M
Q2 25
$581M
$0
$581M
Q3 25
$453M
$0
$453M
Q4 25
$311M
$0
$311M
marketcaparena.com
Shares Outstanding
Shares Outstanding
Quarter
Shares (Diluted)
QoQ Change
Q1 23
375M
+0.1%
Q2 23
376M
+0.1%
Q3 23
382M
+1.8%
Q4 23
385M
+0.7%
Q1 24
283M
-26.6%
Q2 24
288M
+1.8%
Q3 24
292M
+1.7%
Q4 24
306M
+4.7%
Q1 25
363M
+18.7%
Q2 25
318M
-12.5%
Q3 25
319M
+0.2%
Q4 25
318M
-0.1%
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Revenue Per Employee
Revenue / Employee
Year
Revenue/Employee
Employees
FY 19
—
—
FY 20
—
—
FY 21
$3M
205
FY 22
$3M
235
FY 23
$2M
286
FY 24
$2M
325
FY 25
$982K
325
marketcaparena.com