Core Scientific, Inc. (CORZ) income statement
NASDAQ · Technology · Software - Infrastructure · 325 employees · CEO Adam Sullivan
- Price
- $13.25 -8.18%
- Market cap
- $4.26B
- Enterprise value
- $6.79B
- Last report
- Q2 '26 filed 2026-07-28
- Next report
- 2026-11-05 EPS est. -$0.05
Core Scientific, Inc. (CORZ) reported revenue of $164M for Q2 '26 (+108.8% year on year), operating income of -$72.1M (-43.9% of revenue) and net income of -$1.16B. Over the last four quarters revenue was $440M.
Income statement
| Income statement | Trend | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $113M | $142M | $179M | $141M | $95.4M | $94.9M | $79.5M | $78.6M | $81.1M | $79.8M | $115M | $164M | |
| Cost of revenue | $97.5M | $103M | $102M | $102M | $95.5M | $90.2M | $71.3M | $73.6M | $77.3M | $59M | $85.5M | $94.2M | |
| Gross profit | $15.4M | $39.3M | $77.6M | $38.8M | -$156K | $4.76M | $8.21M | $5.03M | $3.78M | $20.9M | $29.7M | $70M | |
| Research & development | $2.25M | $1.88M | $1.8M | $2.17M | $2.84M | $5.02M | $0 | $0 | $0 | $0 | $0 | $0 | |
| Sales & marketing | $1.04M | $3.89M | $0 | $5.14M | $3.15M | $2.87M | $0 | $0 | $0 | $0 | $0 | $0 | |
| General & administrative | $23.5M | $24.2M | $16.9M | $26.2M | $34.4M | $35.7M | $44.6M | $0 | $0 | $0 | $0 | $0 | |
| Other operating expenses | $658K | $5.37M | $3.7M | -$1.32M | $715K | $954K | $10.7M | -$25.6M | $0 | -$27.1M | $0 | $92.8M | |
| Operating expenses | $27.5M | $35.4M | $22.4M | $32.2M | $41.1M | $44.5M | $55.2M | $31.3M | $69.2M | $7.88M | $53.5M | $142M | |
| Operating income | -$12M | $3.93M | $55.2M | $6.58M | -$41.2M | -$39.8M | -$47M | -$26.3M | -$65.4M | $13M | -$23.7M | -$72.1M | |
| Interest income | $0 | $0 | $0 | $0 | $0 | $0 | $2.19M | $1.19M | $821K | $0 | $0 | $0 | |
| Interest expense | $2.2M | $83.9M | $14.1M | $14.8M | $7.07M | $1.14M | $0 | $0 | $0 | $916K | $4.86M | $23.8M | |
| Other non-operating income (gains on investments, FX ...) | $26.8M | $115M | -$170M | -$271K | $407M | $224M | -$623M | -$4.17M | $81.1M | -$202M | $318M | $1.06B | |
| Total non-operating income | -$29M | -$199M | $156M | -$811M | -$414M | -$225M | $623M | -$910M | -$81.1M | $201M | -$323M | -$1.08B | |
| Income before tax | -$41M | -$195M | $211M | -$805M | -$455M | -$265M | $576M | -$937M | -$147M | $214M | -$347M | -$1.15B | |
| Income tax | $114K | $336K | $206K | $144K | $134K | $375K | $205K | $158K | $125K | $95K | $600K | $1.91M | |
| Net income | -$41.1M | -$196M | $211M | -$805M | -$455M | -$266M | $576M | -$937M | -$147M | $214M | -$347M | -$1.16B | |
| EPS (basic) | -$0.11 | -$0.51 | $0.75 | -$2.80 | -$1.56 | -$0.69 | $1.83 | -$0.04 | -$0.46 | $0.67 | -$1.06 | -$3.32 | |
| EPS (diluted) | -$0.11 | -$0.51 | $0.75 | -$2.80 | -$1.56 | -$0.60 | $1.24 | -$0.04 | -$0.46 | $0.67 | -$1.06 | -$3.32 | |
| Shares (basic, weighted) | 382M | 385M | 283M | 288M | 292M | 306M | 315M | 318M | 319M | 318M | 323M | 325M | |
| Shares (diluted, weighted) | 382M | 385M | 283M | 288M | 292M | 306M | 363M | 318M | 319M | 318M | 323M | 325M | |
| Depreciation & amortization | $24.5M | $30.9M | $29.8M | $31.5M | $29.7M | $29.2M | $22.4M | $21.5M | $19.2M | $5.85M | $19.8M | $15.5M | |
| EBITDA | -$14.4M | -$80.5M | $255M | $38.3M | -$418M | -$235M | $599M | -$634K | -$127M | $221M | -$322M | -$1.11B |
| Income statement | Trend | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $59.5M | $60.3M | $544M | $640M | $502M | $511M | $319M | |
| Cost of revenue | $49M | $50.9M | $306M | $632M | $379M | $390M | $281M | |
| Gross profit | $10.5M | $9.39M | $239M | $8.4M | $123M | $121M | $37.9M | |
| Research & development | $5.48M | $5.27M | $7.67M | $27M | $7.18M | $11.8M | $0 | |
| Sales & marketing | $2.83M | $1.77M | $4.06M | $12.7M | $7.02M | $9.97M | $0 | |
| General & administrative | $14.7M | $14.6M | $60.5M | $213M | $93.9M | $110M | $183M | |
| Other operating expenses | $0 | -$5.88M | $0 | $1.86B | $6.39M | $8.02M | $79.9M | |
| Operating expenses | $23M | $15.7M | $72.2M | $2.12B | $114M | $140M | $262M | |
| Operating income | -$11.7M | -$6.33M | $167M | -$2.11B | $8.96M | -$19.2M | -$225M | |
| Interest income | $0 | $0 | $0 | $0 | $0 | $0 | $3.28M | |
| Interest expense | $235K | $4.44M | $44.4M | $96.8M | $86.2M | $37.1M | $0 | |
| Other non-operating income (gains on investments, FX ...) | $0 | $1.44M | $59.2M | -$43M | $169M | $1.26B | $63.5M | |
| Total non-operating income | -$235K | -$5.88M | -$104M | -$53.9M | -$255M | -$1.29B | -$63.5M | |
| Income before tax | -$11.9M | -$12.2M | $63.1M | -$2.16B | -$246M | -$1.31B | -$288M | |
| Income tax | $0 | $0 | $15.8M | -$17.1M | $683K | $859K | $583K | |
| Net income | -$11.9M | -$12.2M | $47.3M | -$2.15B | -$246M | -$1.32B | -$289M | |
| EPS (basic) | -$0.28 | -$0.06 | $0.23 | -$6.30 | -$0.65 | -$5.14 | -$0.88 | |
| EPS (diluted) | -$0.28 | -$0.06 | $0.20 | -$6.30 | -$0.65 | -$5.14 | -$0.88 | |
| Shares (basic, weighted) | 380M | 380M | 207M | 341M | 380M | 256M | 318M | |
| Shares (diluted, weighted) | 380M | 380M | 233M | 341M | 380M | 256M | 318M | |
| Depreciation & amortization | $6.12M | $9.4M | $33.4M | $226M | $96.4M | $120M | $80.2M | |
| EBITDA | -$5.57M | $1.63M | $141M | -$1.84B | -$63.1M | -$1.16B | -$208M |
Standardised from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in USD.
Revenue, operating income and growth
quarterlyMargins
quarterlyCosts as % of revenue
quarterlyThe other statements
Sources
Statements, segment revenue, metrics and estimates are standardised from the company's filings. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-Q 2026-06-30, 10-Q 2026-03-31, 10-K 2025-12-31, 10-Q 2025-09-30, 10-Q 2025-06-30, 10-Q 2025-03-31, 10-K 2024-12-31, 10-Q 2024-09-30, 10-Q 2024-06-30
Data as of 2026-11-02