CORZ Q1 2023 Earnings — Core Scientific, Inc. Revenue & Financial Results | Market Cap Arena

CORZCore Scientific, Inc.

$5B

Q1 2023 Earnings

Technology Software - Infrastructure

Income Statement

Revenue

$121M-37.3% YoY

Gross Profit

$32M26.3% margin

Operating Income

$8M6.3% margin

Net Income

-$388,000-0.3% margin

EPS (Diluted)

$-0.00

QoQ Revenue Growth

-0.5%

Cash Flow

Operating Cash Flow

$20M

Free Cash Flow

$18M

Stock-Based Comp.

$12M

Balance Sheet

Total Assets

$760M

Total Liabilities

$1.2B

Stockholders' Equity

-$409M

Cash & Equivalents

$47M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$121M	$193M	-37.3%
Gross Profit	$32M	$70M	-54.6%
Operating Income	$8M	-$27M	+128.5%
Net Income	-$388,000	-$466M	+99.9%

Revenue Segments

Digital Asset Mining Service

$98M70%

Hosting Service, Customers

$19M14%

Hosting Service

$19M13%

Hosting Service, Related Parties

$4M3%