Core Scientific, Inc.CORZEarnings & Financial Report
Core Scientific is a leading digital asset and high-performance computing infrastructure provider. It operates large energy-efficient data centers across North America, offering cryptocurrency mining services, colocation hosting for blockchain and AI clients, and custom high-performance computing solutions for enterprise tech segments.
Revenue
$179.3M
Gross Profit
$77.6M
Operating Profit
$55.2M
Net Profit
$210.7M
Gross Margin
43.3%
Operating Margin
30.8%
Net Margin
117.5%
YoY Growth
48.6%
EPS
$0.78
Core Scientific, Inc. Q1 FY2024 Financial Summary
Core Scientific, Inc. reported revenue of $179.3M (up 48.6% YoY) for Q1 FY2024, with a net profit of $210.7M (up 54401.8% YoY) (117.5% margin). Cost of goods sold was $101.6M, operating expenses totaled $22.4M.
Key Financial Metrics
| Total Revenue | $179.3M |
|---|---|
| Net Profit | $210.7M |
| Gross Margin | 43.3% |
| Operating Margin | 30.8% |
| Report Period | Q1 FY2024 |
Revenue Breakdown
Core Scientific, Inc. Q1 FY2024 revenue of $179.3M breaks down across 3 segments, led by Digital Asset Mining Service at $150.0M (83.6% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Digital Asset Mining Service | $150.0M | 83.6% |
| Hosting Service | $20.1M | 11.2% |
| Other | $9.3M | 5.2% |
Core Scientific, Inc. Annual Revenue by Year
Core Scientific, Inc. annual revenue history includes year-by-year totals (for example, 2025 revenue was $319.0M).
| Year | Annual Revenue |
|---|---|
| 2025 | $319.0M |
| 2024 | $510.7M |
| 2023 | $502.4M |
| 2022 | $640.3M |
Core Scientific, Inc. Quarterly Revenue & Net Profit History
Core Scientific, Inc. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 FY2025 | $79.8M | -16.0% | $214.2M | 268.5% |
| Q3 FY2025 | $81.1M | -14.9% | $-144.0M | -177.6% |
| Q2 FY2025 | $78.6M | -44.3% | $-936.8M | -1191.4% |
| Q1 FY2025 | $79.5M | -55.6% | $576.3M | 724.6% |
| Q4 FY2024 | $94.9M | -33.1% | $-265.5M | -279.7% |
| Q3 FY2024 | $95.4M | -15.5% | $-455.3M | -477.4% |
| Q2 FY2024 | $141.1M | +11.2% | $-902.2M | -639.4% |
| Q1 FY2024 | $179.3M | +48.6% | $210.7M | 117.5% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $179.3M | $141.1M | $95.4M | $94.9M | $79.5M | $78.6M | $81.1M | $79.8M |
| YoY Growth | 48.6% | 11.2% | -15.5% | -33.1% | -55.6% | -44.3% | -14.9% | -16.0% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $814.0M | $664.2M | $824.6M | $1.48B | $1.50B | $1.85B | $2.17B | $2.35B |
| Liabilities | $1.13B | $1.85B | $1.65B | $2.42B | $1.81B | $3.04B | $3.42B | $3.31B |
| Equity | $-318.5M | $-1.18B | $-826.7M | $-943.0M | $-308.8M | $-1.19B | $-1.25B | $-962.7M |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $22.2M | $1.2M | $5.7M | $42.9M | $-45.0M | $34.0M | $131.8M | $278.3M |