CORZ Q1 2024 Earnings — Core Scientific, Inc. Revenue & Financial Results | Market Cap Arena

CORZCore Scientific, Inc.

$5B

Q1 2024 Earnings

Technology Software - Infrastructure

Income Statement

Revenue

$179M+48.6% YoY

Gross Profit

$78M43.3% margin

Operating Income

$55M30.8% margin

Net Income

$211M117.5% margin

EPS (Diluted)

$0.75

QoQ Revenue Growth

+26.3%

Cash Flow

Operating Cash Flow

$22M

Free Cash Flow

-$10M

Stock-Based Comp.

-$1M

Balance Sheet

Total Assets

$814M

Total Liabilities

$1.1B

Stockholders' Equity

-$319M

Cash & Equivalents

$98M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$179M	$121M	+48.6%
Gross Profit	$78M	$32M	+144.3%
Operating Income	$55M	$8M	+626.5%
Net Income	$211M	-$388,000	+54401.8%

Revenue Segments

Digital Asset Mining Service

$150M88%

Hosting Service

$20M12%