Core Scientific Inc (CORZZ) Financials
Newest figures come from the 10-Q for Q2 FY2026, filed Jul 28, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the CORZZ SEC filings page.
Core Scientific Inc (CORZZ) reported $440.3M in revenue over the twelve months to Jun 30, 2026, up 26.4% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 6 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Core Scientific is absorbing a heavy infrastructure build while revenue shrinks, leaving cash generation below reinvestment needs.
The key gap is between positive operating cash flow of$278M and free cash flow of-$451M in FY2025: operations produced cash, but reinvestment left the business with negative cash after investment. In contrast, FY2023 free cash flow was$49M against operating cash flow of$65M , so the latest deterioration is tied to a much heavier investment cycle, not merely operating cash collection.
Revenue fell to
Assets expanded to
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Core Scientific Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Core Scientific Inc has an operating margin of -77.0%, meaning the company loses $77 on every $100 of revenue. This results in a profitability score of 12/100. This is down from -27.8% the prior year.
Core Scientific Inc's revenue declined 37.5% year-over-year, from $510.7M to $319.0M. This contraction results in a growth score of 4/100.
Core Scientific Inc's current ratio of 1.15 is below the typical benchmark, resulting in a score of 26/100. This tight liquidity could limit financial flexibility if cash inflows slow.
Core Scientific Inc's reported free cash flow margin for fiscal year 2025 is below the lowest share of revenue this page publishes, so the figure is not shown here. This dimension scores 4/100.
Core Scientific Inc passes 3 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.
Core Scientific Inc reported a net loss of $288.6M while generating $278.3M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal.
Key Financial Metrics
Earnings & Revenue
Core Scientific Inc generated $164.2M in revenue in Q2 2026. This represents an increase of 108.8% from the same quarter a year earlier. Against the prior quarter it is up 42.5%.
Core Scientific Inc's EBITDA was -$63.1M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 739.4% from the same quarter a year earlier. Against the prior quarter it is up 78.5%.
Core Scientific Inc reported -$1.2B in net income in Q2 2026. This represents a decrease of 23.3% from the same quarter a year earlier. Against the prior quarter it is down 232.8%.
Core Scientific Inc earned -$3.32 per diluted share (EPS) in Q2 2026. Against the prior quarter it is down 213.2%.
Cash & Balance Sheet
Core Scientific Inc recorded an outflow of $583.9M in free cash flow in Q2 2026, representing a cash shortfall after capex. This represents a decrease of 569.1% from the same quarter a year earlier. Against the prior quarter it is down 319.1%.
Core Scientific Inc held $1.8B in cash against $4.3B in long-term debt as of Q2 2026.
Not reported for Q2 2026.
Margins & Returns
Core Scientific Inc's gross margin was 42.7% in Q2 2026, indicating the percentage of revenue retained after direct costs. This is up 36.3 percentage points from the same quarter a year earlier. Against the prior quarter it is up 16.5 percentage points.
Core Scientific Inc's operating margin was -47.8% in Q2 2026, reflecting core business profitability. This is down 14.4 percentage points from the same quarter a year earlier.
Not shown for Q2 2026: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Not reported for Q2 2026.
Capital Allocation
Core Scientific Inc invested $565.0M in capex in Q2 2026, funding long-term assets and infrastructure. This represents an increase of 365.9% from the same quarter a year earlier. Against the prior quarter it is up 45.2%.
Not reported for Q2 2026.
Not reported for Q2 2026.
CORZZ Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $164.2M+108.8% | $115.2M+44.9% | $79.8M-16.0% | $81.1M-14.9% | $78.6M-44.3% | $79.5M-55.6% | $94.9M-33.1% | $95.4M-15.5% |
| Cost of Revenue | $94.2M+27.9% | $85.1M+19.4% | $59.0M-34.6% | $77.2M-19.2% | $73.6M-28.0% | $71.3M-29.8% | $90.2M-12.1% | $95.5M-2.0% |
| Gross Profit | $70.0M+1293.9% | $30.1M+266.6% | $20.8M+335.8% | $3.9M+2603.2% | $5.0M-87.1% | $8.2M-89.4% | $4.8M-87.9% | -$156K-101.0% |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | $5.0M+167.4% | $2.8M+26.1% |
| SG&A Expenses | $49.4M+9.1% | $44.8M+38.9% | $12.3M-50.9% | $69.4M+71.9% | $45.3M+44.3% | $32.3M+90.8% | $25.0M-34.9% | $40.3M+71.6% |
| Operating Income | -$78.5M-198.5% | -$310.4M-559.9% | -$117.5M-79.7% | -$54.8M-32.9% | -$26.3M+71.0% | -$47.0M-185.2% | -$65.4M-1762.2% | -$41.2M-242.2% |
| EBITDA | -$63.1M-739.4% | -$293.8M-975.8% | -$103.4M-162.7% | -$38.5M-207.0% | -$7.5M+87.7% | -$27.3M-132.4% | -$39.4M-212.0% | -$12.5M-202.8% |
| Interest Expense | $40.6M+755.0% | $8.2M+71.9% | N/A | N/A | $4.8M | $4.7M | N/A | N/A |
| Income Tax | $1.9M+1107.0% | $600K+192.7% | $95K-74.7% | $125K-6.7% | $158K+9.7% | $205K-0.5% | $375K+11.6% | $134K+17.5% |
| Net Income | -$1.2B-23.3% | -$347.2M-160.2% | $216.0M+174.2% | -$144.0M+68.4% | -$936.8M-3.8% | $576.3M+173.5% | -$291.1M-48.8% | -$455.3M-1006.4% |
| EPS (Basic) | -$3.32-8200.0% | -$1.06-174.6% | $0.60+187.0% | -$0.45+61.5% | -$0.04+99.2% | $1.42+56.0% | -$0.69-32.7% | -$1.17-963.6% |
| EPS (Diluted) | -$3.32 | -$1.06-185.5% | $0.60+187.0% | -$0.45+61.5% | -$0.04 | $1.24 | -$0.69-32.7% | -$1.17-963.6% |
| Diluted Shares (Avg) | 325M | 323M-11.1% | N/A | 319M+8.9% | 318M | 363M | N/A | 292M-23.5% |
CORZZ Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $5.3B+184.1% | $3.1B+104.9% | $2.3B+59.1% | $2.2B+163.3% | $1.9B+178.6% | $1.5B+84.0% | $1.5B+107.3% | $824.6M+16.9% |
| Current Assets | $2.4B+143.2% | $1.5B+74.6% | $895.5M-0.9% | $1.1B+281.9% | $1.0B+752.5% | $833.2M+481.3% | $904.0M+831.8% | $277.9M+106.2% |
| Cash & Equivalents | $1.8B+204.4% | $1.0B+44.0% | $311.4M-62.8% | $453.4M+79.2% | $581.3M+504.8% | $697.9M+611.3% | $836.2M+1558.8% | $253.0M+500.3% |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | $1.0M-8.0% | $1.0M+2.4% | $6.2M |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $7.7B+152.3% | $4.4B+142.1% | $3.3B+36.8% | $3.4B+107.4% | $3.0B+64.9% | $1.8B+59.6% | $2.4B+84.8% | $1.7B+46.9% |
| Current Liabilities | $2.7B+386.5% | $2.7B+1261.5% | $781.4M+480.7% | $669.9M+775.5% | $562.7M+652.1% | $195.5M+41.5% | $134.6M-72.4% | $76.5M-75.5% |
| Non-Current Liabilities | $4.9B+99.2% | $1.7B+6.3% | $2.5B+10.7% | $2.8B+74.9% | $2.5B+40.1% | $1.6B+62.1% | $2.3B+178.4% | $1.6B+94.0% |
| Long-Term Debt | $4.3B | $1.1B | $1.1B | N/A | N/A | N/A | N/A | N/A |
| Total Equity | -$2.4B-103.0% | -$1.3B-322.8% | -$962.7M-2.1% | -$1.3B-51.5% | -$1.2B-0.9% | -$308.8M+3.0% | -$943.0M-58.0% | -$826.7M-97.4% |
| Retained Earnings | -$5.6B-33.9% | -$4.5B-36.9% | -$4.1B-7.5% | -$4.4B-22.3% | -$4.2B-35.6% | -$3.3B-48.5% | -$3.9B-59.4% | -$3.6B-60.3% |
Not reported in any period shown, so not listed: Inventory, Goodwill.
CORZZ Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$18.9M-155.7% | $249.9M+654.8% | $157.5M+1041.0% | $131.8M+2206.7% | $34.0M+2723.9% | -$45.0M-303.1% | $13.8M-36.4% | $5.7M+5.1% |
| Depreciation & Amortization | $15.4M-18.0% | $16.6M-15.6% | $14.1M-45.9% | $16.3M-43.1% | $18.8M-36.3% | $19.7M-32.0% | $26.0M-16.5% | $28.7M+18.4% |
| Stock-Based Compensation | $18.2M-24.5% | $17.8M+9.7% | N/A | $29.9M+47.6% | $24.2M+184.6% | $16.2M+1626.9% | N/A | $20.3M+36.5% |
| Capital Expenditures | $565.0M+365.9% | $389.2M+363.5% | $279.2M+871.0% | $244.5M+684.3% | $121.3M+3768.5% | $84.0M+163.3% | $28.8M+147.0% | $31.2M+1036.9% |
| Free Cash Flow | -$583.9M-569.1% | -$139.3M-8.0% | -$121.7M-714.1% | -$112.7M-342.7% | -$87.3M-4419.9% | -$129.0M-1227.4% | -$15.0M-248.7% | -$25.5M-1045.8% |
| Investing Cash Flow | -$796.2M-565.7% | -$386.7M-334.4% | -$277.8M-864.5% | -$254.4M-714.2% | -$119.6M-3656.5% | -$89.0M-178.4% | -$28.8M-1320.3% | -$31.2M-989.3% |
| Financing Cash Flow | $2.2B+7089.1% | $971.4M+23239.2% | -$21.8M-103.6% | -$5.3M-102.9% | -$31.8M-109.2% | -$4.2M-107.7% | $598.2M+3369.2% | $182.2M+1284.6% |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
CORZZ Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 42.7%+36.3pp | 26.1%+15.8pp | 26.0%+21.0pp | 4.8%+5.0pp | 6.4%-21.1pp | 10.3%-33.0pp | 5.0%-22.7pp | -0.2%-13.8pp |
| Operating Margin | -47.8%-14.4pp | -269.4% | -147.3% | -67.6%-24.3pp | -33.4%+30.8pp | -59.2%-90.0pp | -68.9%-71.7pp | -43.2%-32.6pp |
| Net Margin | -703.6% | -301.3% | 270.8% | -177.6% | -1191.4% | 724.6% | -306.7% | -477.4% |
| Return on Assets | -22.0%+28.6pp | -11.3%-49.8pp | 9.2%+28.9pp | -6.6%+48.6pp | -50.6%+85.2pp | 38.5%+12.6pp | -19.7%+7.7pp | -55.2%-49.4pp |
| Current Ratio | 0.89-0.9x | 0.55-3.7x | 1.15-5.6x | 1.58-2.0x | 1.79+0.2x | 4.26+3.2x | 6.72+6.5x | 3.63+3.2x |
| Asset Turnover | 0.030.0x | 0.040.0x | 0.030.0x | 0.04-0.1x | 0.04-0.2x | 0.05-0.2x | 0.06-0.1x | 0.120.0x |
| FCF Margin | -355.6% | -120.9% | -152.6% | -139.0% | -111.0% | -162.2% | -15.8%-22.8pp | -26.7%-29.1pp |
Not reported in any period shown, so not listed: Return on Equity, Debt-to-Equity.
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Operating Margin, Net Margin, FCF Margin.
Note: Shareholder equity is negative (-$962.7M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Core Scientific Inc CORZZ | FY2025 | $319.0M | -$288.6M | -90.5% | N/A | 19/100 |
| Core Scientific Inc CORZW | FY2025 | $319.0M | -$288.6M | -90.5% | N/A | 19/100 |
| Strategy STRC | FY2025 | $477.2M | -$3.8B | N/A | N/A | 40/100 |
| Helport AI HPAIW | FY2025 | $34.9M | $1.9M | 5.3% | N/A | 56/100 |
| PALLADYNE AI CORP PDYNW | FY2025 | $5.2M | $10.0M | N/A | N/A | 54/100 |
Where Core Scientific Inc Ranks
Frequently Asked Questions
What is Core Scientific Inc's annual revenue?
Core Scientific Inc (CORZZ) reported $319.0M in total revenue for fiscal year 2025. This represents a -37.5% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Core Scientific Inc's revenue growing?
Core Scientific Inc (CORZZ) revenue declined by 37.5% year-over-year, from $510.7M to $319.0M in fiscal year 2025.
Is Core Scientific Inc profitable?
No, Core Scientific Inc (CORZZ) reported a net income of -$288.6M in fiscal year 2025, with a net profit margin of -90.5%.
What is Core Scientific Inc's EBITDA?
Core Scientific Inc (CORZZ) had EBITDA of -$176.7M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Core Scientific Inc have?
As of fiscal year 2025, Core Scientific Inc (CORZZ) had $311.4M in cash and equivalents against $1.1B in long-term debt.
What is Core Scientific Inc's gross margin?
Core Scientific Inc (CORZZ) had a gross margin of 11.9% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Core Scientific Inc's operating margin?
Core Scientific Inc (CORZZ) had an operating margin of -77.0% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Core Scientific Inc's net profit margin?
Core Scientific Inc (CORZZ) had a net profit margin of -90.5% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Core Scientific Inc's free cash flow?
Core Scientific Inc (CORZZ) recorded an outflow of $450.8M in free cash flow during fiscal year 2025. This represents a -765.7% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Core Scientific Inc's operating cash flow?
Core Scientific Inc (CORZZ) generated $278.3M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Core Scientific Inc's total assets?
Core Scientific Inc (CORZZ) had $2.3B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Core Scientific Inc's capital expenditures?
Core Scientific Inc (CORZZ) invested $729.0M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Core Scientific Inc's current ratio?
Core Scientific Inc (CORZZ) had a current ratio of 1.15 as of fiscal year 2025, which is considered adequate.
What is Core Scientific Inc's return on assets (ROA)?
Core Scientific Inc (CORZZ) had a return on assets of -12.3% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
Why is Core Scientific Inc's debt-to-equity ratio negative or not reported?
Core Scientific Inc (CORZZ) has negative shareholder equity of -$962.7M as of fiscal year 2025, so no debt-to-equity ratio is reported: dividing debt by equity that is not positive produces a number that cannot be read as leverage. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.
What is Core Scientific Inc's Piotroski F-Score?
Core Scientific Inc (CORZZ) has a Piotroski F-Score of 3 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Core Scientific Inc's earnings high quality?
Core Scientific Inc (CORZZ) reported a net loss of $288.6M while generating $278.3M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Core Scientific Inc?
Core Scientific Inc (CORZZ) scores 19 out of 100 on our Financial Health Score, indicating weak standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.