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Side-by-side financial comparison of Adaptive Biotechnologies Corp (ADPT) and Core Scientific, Inc. (CORZ). Click either name above to swap in a different company.
Core Scientific, Inc. is the larger business by last-quarter revenue ($79.8M vs $70.9M, roughly 1.1× Adaptive Biotechnologies Corp). Core Scientific, Inc. runs the higher net margin — 268.5% vs 4.7%, a 263.7% gap on every dollar of revenue. On growth, Adaptive Biotechnologies Corp posted the faster year-over-year revenue change (35.1% vs -16.0%). Over the past eight quarters, Adaptive Biotechnologies Corp's revenue compounded faster (28.1% CAGR vs -33.3%).
ExpreS2ion Biotechnologies is a Danish biotechnology company specialised in the development of new vaccines and immunotherapy products based in Hørsholm, Denmark and listed on the Nasdaq First North Growth Market Sweden.
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.
ADPT vs CORZ — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $70.9M | $79.8M |
| Net Profit | $3.4M | $214.2M |
| Gross Margin | 73.6% | 26.0% |
| Operating Margin | -27.1% | -149.5% |
| Net Margin | 4.7% | 268.5% |
| Revenue YoY | 35.1% | -16.0% |
| Net Profit YoY | — | 180.6% |
| EPS (diluted) | — | $-1.63 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | $70.9M | — | ||
| Q4 25 | $71.7M | $79.8M | ||
| Q3 25 | $94.0M | $81.1M | ||
| Q2 25 | $58.9M | $78.6M | ||
| Q1 25 | $52.4M | $79.5M | ||
| Q4 24 | $47.5M | $94.9M | ||
| Q3 24 | $46.4M | $95.4M | ||
| Q2 24 | $43.2M | $141.1M |
| Q1 26 | $3.4M | — | ||
| Q4 25 | $-13.6M | $214.2M | ||
| Q3 25 | $9.5M | $-144.0M | ||
| Q2 25 | $-25.6M | $-936.8M | ||
| Q1 25 | $-29.9M | $576.3M | ||
| Q4 24 | $-33.7M | $-265.5M | ||
| Q3 24 | $-32.1M | $-455.3M | ||
| Q2 24 | $-46.2M | $-902.2M |
| Q1 26 | 73.6% | — | ||
| Q4 25 | 74.6% | 26.0% | ||
| Q3 25 | 80.7% | 4.8% | ||
| Q2 25 | 69.4% | 6.4% | ||
| Q1 25 | 67.6% | 10.3% | ||
| Q4 24 | 62.0% | 5.0% | ||
| Q3 24 | 64.1% | -0.2% | ||
| Q2 24 | 55.3% | 27.5% |
| Q1 26 | -27.1% | — | ||
| Q4 25 | -17.8% | -149.5% | ||
| Q3 25 | 10.9% | -67.6% | ||
| Q2 25 | -42.5% | -33.4% | ||
| Q1 25 | -56.4% | -59.1% | ||
| Q4 24 | -71.3% | -41.9% | ||
| Q3 24 | -70.3% | -43.2% | ||
| Q2 24 | -109.6% | -64.3% |
| Q1 26 | 4.7% | — | ||
| Q4 25 | -18.9% | 268.5% | ||
| Q3 25 | 10.2% | -177.6% | ||
| Q2 25 | -43.5% | -1191.4% | ||
| Q1 25 | -56.9% | 724.6% | ||
| Q4 24 | -71.0% | -279.7% | ||
| Q3 24 | -69.1% | -477.4% | ||
| Q2 24 | -107.0% | -639.4% |
| Q1 26 | — | — | ||
| Q4 25 | $-0.08 | $-1.63 | ||
| Q3 25 | $0.06 | $-0.45 | ||
| Q2 25 | $-0.17 | $-0.04 | ||
| Q1 25 | $-0.20 | $1.24 | ||
| Q4 24 | $-0.22 | $0.51 | ||
| Q3 24 | $-0.22 | $-1.17 | ||
| Q2 24 | $-0.31 | $-5.05 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $77.6M | $311.4M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | — | $-962.7M |
| Total Assets | $505.9M | $2.3B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $77.6M | — | ||
| Q4 25 | $70.5M | $311.4M | ||
| Q3 25 | $55.0M | $453.4M | ||
| Q2 25 | $43.2M | $581.3M | ||
| Q1 25 | $50.6M | $697.9M | ||
| Q4 24 | $47.9M | $836.2M | ||
| Q3 24 | $38.1M | $253.0M | ||
| Q2 24 | $59.8M | $96.1M |
| Q1 26 | — | — | ||
| Q4 25 | $218.8M | $-962.7M | ||
| Q3 25 | $204.4M | $-1.3B | ||
| Q2 25 | $179.7M | $-1.2B | ||
| Q1 25 | $190.4M | $-308.8M | ||
| Q4 24 | $202.7M | $-943.0M | ||
| Q3 24 | $223.8M | $-826.7M | ||
| Q2 24 | $241.6M | $-1.2B |
| Q1 26 | $505.9M | — | ||
| Q4 25 | $512.7M | $2.3B | ||
| Q3 25 | $490.6M | $2.2B | ||
| Q2 25 | $496.6M | $1.9B | ||
| Q1 25 | $510.9M | $1.5B | ||
| Q4 24 | $539.4M | $1.5B | ||
| Q3 24 | $558.5M | $824.6M | ||
| Q2 24 | $584.9M | $664.2M |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $278.3M |
| Free Cash FlowOCF − Capex | — | $-450.8M |
| FCF MarginFCF / Revenue | — | -565.1% |
| Capex IntensityCapex / Revenue | — | 914.0% |
| Cash ConversionOCF / Net Profit | — | 1.30× |
| TTM Free Cash FlowTrailing 4 quarters | — | $-779.8M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $2.1M | $278.3M | ||
| Q3 25 | $-7.1M | $131.8M | ||
| Q2 25 | $-12.4M | $34.0M | ||
| Q1 25 | $-28.5M | $-45.0M | ||
| Q4 24 | $-12.5M | $42.9M | ||
| Q3 24 | $-27.1M | $5.7M | ||
| Q2 24 | $-17.3M | $1.2M |
| Q1 26 | — | — | ||
| Q4 25 | $1.4M | $-450.8M | ||
| Q3 25 | $-7.5M | $-112.7M | ||
| Q2 25 | $-13.1M | $-87.3M | ||
| Q1 25 | $-29.7M | $-129.0M | ||
| Q4 24 | $-12.6M | $-52.1M | ||
| Q3 24 | $-27.4M | $-25.5M | ||
| Q2 24 | $-19.0M | $-1.9M |
| Q1 26 | — | — | ||
| Q4 25 | 2.0% | -565.1% | ||
| Q3 25 | -8.0% | -139.0% | ||
| Q2 25 | -22.2% | -111.0% | ||
| Q1 25 | -56.7% | -162.2% | ||
| Q4 24 | -26.5% | -54.8% | ||
| Q3 24 | -59.0% | -26.7% | ||
| Q2 24 | -44.1% | -1.4% |
| Q1 26 | — | — | ||
| Q4 25 | 0.9% | 914.0% | ||
| Q3 25 | 0.4% | 301.5% | ||
| Q2 25 | 1.1% | 154.2% | ||
| Q1 25 | 2.4% | 105.6% | ||
| Q4 24 | 0.2% | 100.0% | ||
| Q3 24 | 0.7% | 32.7% | ||
| Q2 24 | 4.0% | 2.2% |
| Q1 26 | — | — | ||
| Q4 25 | — | 1.30× | ||
| Q3 25 | -0.75× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | -0.08× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ADPT
Segment breakdown not available.
CORZ
| Other | $36.3M | 46% |
| Digital Asset Self Mining Service | $31.8M | 40% |
| Colocation Service | $11.6M | 15% |
