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
$81.1M
Gross Profit
$3.9M
Operating Profit
$-54.8M
Net Profit
$-144.0M
Gross Margin
4.8%
Operating Margin
-67.6%
Net Margin
-177.6%
YoY Growth
-14.9%
EPS
$-0.45
Core Scientific, Inc. Q3 FY2025 Financial Summary
Core Scientific, Inc. reported revenue of $81.1M (down 14.9% YoY) for Q3 FY2025, with a net profit of $-144.0M (up 68.4% YoY) (-177.6% margin). Cost of goods sold was $77.2M, operating expenses totaled $58.7M.
Key Financial Metrics
| Total Revenue | $81.1M |
|---|---|
| Net Profit | $-144.0M |
| Gross Margin | 4.8% |
| Operating Margin | -67.6% |
| Report Period | Q3 FY2025 |
Revenue Breakdown
Core Scientific, Inc. Q3 FY2025 revenue of $81.1M breaks down across 3 segments, led by Digital Asset Self Mining Service at $57.4M (70.8% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Digital Asset Self Mining Service | $57.4M | 70.8% |
| Colocation Service | $15.0M | 18.4% |
| Digital Asset Hosted Mining Service | $8.7M | 10.7% |
Core Scientific, Inc. Revenue by Segment — Quarterly Trend
Core Scientific, Inc. revenue by segment across the last 4 reported quarters, showing how each business line (such as Digital Asset Self Mining Service and Colocation Service) has evolved quarter over quarter.
| Segment | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 |
|---|---|---|---|---|
| Digital Asset Self Mining Service | $31.8M | $57.4M | $62.4M | $67.2M |
| Colocation Service | $11.6M | $15.0M | $10.6M | $8.6M |
| Digital Asset Hosted Mining Service | — | $8.7M | $5.6M | $3.8M |
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 |