Every 10-Q that CORE SCIENTIFIC INC RTS (CORZR) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow CORZR and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full CORZR filings page.
Core Scientific, Inc. reported Q2 2026 results showing a continued shift toward high‑density colocation while still posting GAAP net losses. Total revenue was $164.2 million, led by colocation revenue of $136.7 million as more AI/HPC capacity came online and bitcoin self‑mining activity decreased.
Despite a consolidated gross margin of 43% and Q2 adjusted EBITDA of $41.1 million, net loss was $1.16 billion, mainly from a $1.05 billion increase in the fair value of warrant liabilities and previously recorded $266.5 million impairments of mining‑related assets. Long‑term debt increased after a $3.30 billion issuance of 7.75% Senior Secured Notes due 2031.
Liquidity included cash, cash equivalents and restricted cash of $2.55 billion and bitcoin holdings valued at $49.7 million as of June 30, 2026. The company controlled about 2.1 GW of gross utility power capacity and disclosed $6.09 billion of contracted future operating lease payments from colocation customers, plus additional long‑term leases with AMD and Neocloud signed after quarter‑end.
Core Scientific, Inc. reported sharply higher Q1 2026 revenue of $115.2 million, up from $79.5 million a year earlier, driven mainly by high-density colocation services. Colocation revenue rose to $77.5 million with a 57% gross margin, reflecting rapid expansion of AI and HPC-focused data centers.
The company recorded a net loss of $347.2 million, compared with net income of $576.3 million in Q1 2025, primarily due to $266.5 million of non-cash impairment charges on mining equipment and infrastructure as it pivots away from bitcoin self-mining. Digital asset self-mining revenue fell to $30.1 million and generated a negative gross margin.
Cash, cash equivalents and restricted cash increased to $1.15 billion, largely from a new $1.0 billion term loan facility, later refinanced via a $3.30 billion 7.75% senior secured notes issuance. Total liabilities reached $4.38 billion, and stockholders’ deficit widened to $1.31 billion. Deferred revenue climbed to $654.2 million, reflecting substantial pre-funded colocation build-outs and long-term contracts.
Core Scientific, Inc. filed an amended quarterly report for the period ended September 30, 2025 to restate prior financial statements and correct a material error in accounting for property, plant and equipment. Assets committed to demolition had been improperly capitalized instead of written down, overstating net property, plant and equipment by about $124.7 million and understating accumulated deficit by the same amount.
For the nine months ended September 30, 2025, revenue was $239.3 million, down from $415.7 million a year earlier, driven by lower digital asset self‑mining and hosted mining revenue, partly offset by growth in colocation revenue to $34.1 million. The company reported a net loss of $504.6 million versus $1.15 billion in the prior‑year period, with results heavily affected by a $363.4 million increase in the fair value of warrant and contingent value right liabilities.
As of September 30, 2025, cash and cash equivalents were $453.4 million, digital assets were $241.4 million, and there was a stockholders’ deficit of $1.25 billion, including warrant liabilities of $1.33 billion and convertible and other notes payable of $1.06 billion. Management identified a material weakness in internal control over financial reporting, concluding that internal control and disclosure controls were not effective for year‑ends 2024 and 2025 and the interim restated periods.
Core Scientific, Inc. filed an amended quarterly report to restate prior financial statements after identifying material errors in accounting for property, plant and equipment tied to converting bitcoin-mining facilities to high-performance computing colocation.
The company had improperly continued capitalizing assets committed to demolition instead of recording timely impairment charges. As of June 30, 2025, this restatement reduced property, plant and equipment by about $127.3 million and increased accumulated deficit by the same amount. Selling, general and administrative expense for the first half of 2025 rose by roughly $4.4 million, modestly increasing net loss, while revenue, cost of revenue and total net cash flows were unchanged, aside from a reclassification between investing and operating cash flows.
Core Scientific reported a six-month 2025 net loss of $360.5 million, heavily influenced by noncash fair-value losses on warrants and contingent value rights. At June 30, 2025, the company held $581.3 million of cash and cash equivalents and $172.8 million of bitcoin, against $3.04 billion of total liabilities and a stockholders’ deficit of $1.19 billion, including $1.32 billion of warrant liabilities and $1.06 billion of convertible and other notes payable, net.
Management concluded a material weakness exists in internal control over financial reporting related to this error, and determined that disclosure controls and procedures were not effective for 2024, 2025 and all affected interim periods. The amendment replaces key sections of the prior filing, including financial statements, management’s discussion and analysis, controls and procedures and risk factors. Core Scientific also highlights significant growth in its Colocation segment, backed by about $1.71 billion of capital-expenditure commitments to convert data centers for GPU-based workloads, most of which will be funded or reimbursed by its primary colocation customer.
Core Scientific, Inc. filed an amended quarterly report to restate prior financial statements after identifying material errors in accounting for property, plant and equipment. Assets committed to demolition during the shift from bitcoin mining to high-performance computing colocation were left capitalized instead of being impaired.
The correction reduced property, plant and equipment, net, by about $127.3 million as of March 31 2025 and increased accumulated deficit by the same amount, and raised selling, general and administrative expense for the quarter by about $4.4 million. Revenue for the quarter remained $79.5 million, but gross profit dropped to $8.2 million.
Despite this, Core Scientific reported net income of $576.3 million for the quarter, largely driven by a $621.5 million non‑cash gain from changes in the fair value of warrants and contingent value rights. Operating cash flow was a $45.0 million outflow, and cash, cash equivalents and restricted cash ended at $698.7 million.
The company concluded the errors were material and that earlier financial statements for several 2024 and 2025 periods should no longer be relied upon. Management identified a material weakness in internal control over financial reporting and deemed controls ineffective for the 2024 and 2025 year‑ends and interim 2025 non‑reliance periods, and outlines remediation plans in its controls discussion.