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Side-by-side financial comparison of Core Scientific, Inc. (CORZ) and 4D Molecular Therapeutics, Inc. (FDMT). Click either name above to swap in a different company.
4D Molecular Therapeutics, Inc. is the larger business by last-quarter revenue ($85.1M vs $79.8M, roughly 1.1× Core Scientific, Inc.). Core Scientific, Inc. runs the higher net margin — 268.5% vs 22.8%, a 245.7% gap on every dollar of revenue. On growth, 4D Molecular Therapeutics, Inc. posted the faster year-over-year revenue change (8508900.0% vs -16.0%). 4D Molecular Therapeutics, Inc. produced more free cash flow last quarter ($28.5M vs $-450.8M). Over the past eight quarters, 4D Molecular Therapeutics, Inc.'s revenue compounded faster (5412.6% CAGR vs -33.3%).
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.
4D Molecular Therapeutics is a clinical-stage biotechnology company specializing in the research and development of targeted adeno-associated virus (AAV) gene therapies. Its core product candidates address unmet medical needs in ophthalmology, cardiology, and pulmonary disease segments, serving global patient populations with rare and common hard-to-treat conditions.
CORZ vs FDMT — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $79.8M | $85.1M |
| Net Profit | $214.2M | $19.4M |
| Gross Margin | 26.0% | — |
| Operating Margin | -149.5% | 17.3% |
| Net Margin | 268.5% | 22.8% |
| Revenue YoY | -16.0% | 8508900.0% |
| Net Profit YoY | 180.6% | 139.1% |
| EPS (diluted) | $-1.63 | $0.43 |
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.
| Q4 25 | $79.8M | $85.1M | ||
| Q3 25 | $81.1M | $90.0K | ||
| Q2 25 | $78.6M | $15.0K | ||
| Q1 25 | $79.5M | $14.0K | ||
| Q4 24 | $94.9M | $1.0K | ||
| Q3 24 | $95.4M | $3.0K | ||
| Q2 24 | $141.1M | $5.0K | ||
| Q1 24 | $179.3M | $28.0K |
| Q4 25 | $214.2M | $19.4M | ||
| Q3 25 | $-144.0M | $-56.9M | ||
| Q2 25 | $-936.8M | $-54.7M | ||
| Q1 25 | $576.3M | $-48.0M | ||
| Q4 24 | $-265.5M | — | ||
| Q3 24 | $-455.3M | $-43.8M | ||
| Q2 24 | $-902.2M | $-35.0M | ||
| Q1 24 | $210.7M | $-32.4M |
| Q4 25 | 26.0% | — | ||
| Q3 25 | 4.8% | — | ||
| Q2 25 | 6.4% | — | ||
| Q1 25 | 10.3% | — | ||
| Q4 24 | 5.0% | — | ||
| Q3 24 | -0.2% | — | ||
| Q2 24 | 27.5% | — | ||
| Q1 24 | 43.3% | — |
| Q4 25 | -149.5% | 17.3% | ||
| Q3 25 | -67.6% | -67983.3% | ||
| Q2 25 | -33.4% | -396373.3% | ||
| Q1 25 | -59.1% | -383007.1% | ||
| Q4 24 | -41.9% | — | ||
| Q3 24 | -43.2% | -1704400.0% | ||
| Q2 24 | -64.3% | -849120.0% | ||
| Q1 24 | 30.8% | -136200.0% |
| Q4 25 | 268.5% | 22.8% | ||
| Q3 25 | -177.6% | -63195.6% | ||
| Q2 25 | -1191.4% | -364386.7% | ||
| Q1 25 | 724.6% | -342657.1% | ||
| Q4 24 | -279.7% | — | ||
| Q3 24 | -477.4% | -1461433.3% | ||
| Q2 24 | -639.4% | -699060.0% | ||
| Q1 24 | 117.5% | -115717.9% |
| Q4 25 | $-1.63 | $0.43 | ||
| Q3 25 | $-0.45 | $-1.01 | ||
| Q2 25 | $-0.04 | $-0.98 | ||
| Q1 25 | $1.24 | $-0.86 | ||
| Q4 24 | $0.51 | — | ||
| Q3 24 | $-1.17 | $-0.79 | ||
| Q2 24 | $-5.05 | $-0.63 | ||
| Q1 24 | $0.78 | $-0.66 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $311.4M | $402.7M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $-962.7M | $505.7M |
| Total Assets | $2.3B | $566.7M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $311.4M | $402.7M | ||
| Q3 25 | $453.4M | $305.1M | ||
| Q2 25 | $581.3M | $293.2M | ||
| Q1 25 | $697.9M | $321.4M | ||
| Q4 24 | $836.2M | $424.9M | ||
| Q3 24 | $253.0M | $501.9M | ||
| Q2 24 | $96.1M | $541.9M | ||
| Q1 24 | $98.1M | $525.9M |
| Q4 25 | $-962.7M | $505.7M | ||
| Q3 25 | $-1.3B | $369.0M | ||
| Q2 25 | $-1.2B | $420.9M | ||
| Q1 25 | $-308.8M | $469.7M | ||
| Q4 24 | $-943.0M | $510.6M | ||
| Q3 24 | $-826.7M | $552.9M | ||
| Q2 24 | $-1.2B | $588.3M | ||
| Q1 24 | $-318.5M | $600.6M |
| Q4 25 | $2.3B | $566.7M | ||
| Q3 25 | $2.2B | $424.0M | ||
| Q2 25 | $1.9B | $473.6M | ||
| Q1 25 | $1.5B | $515.7M | ||
| Q4 24 | $1.5B | $560.4M | ||
| Q3 24 | $824.6M | $604.0M | ||
| Q2 24 | $664.2M | $620.1M | ||
| Q1 24 | $814.0M | $629.9M |
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 | $28.6M |
| Free Cash FlowOCF − Capex | $-450.8M | $28.5M |
| FCF MarginFCF / Revenue | -565.1% | 33.5% |
| Capex IntensityCapex / Revenue | 914.0% | 0.1% |
| Cash ConversionOCF / Net Profit | 1.30× | 1.47× |
| TTM Free Cash FlowTrailing 4 quarters | $-779.8M | $-109.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $278.3M | $28.6M | ||
| Q3 25 | $131.8M | $-46.5M | ||
| Q2 25 | $34.0M | $-43.4M | ||
| Q1 25 | $-45.0M | $-47.8M | ||
| Q4 24 | $42.9M | $-134.6M | ||
| Q3 24 | $5.7M | $-29.4M | ||
| Q2 24 | $1.2M | $-30.2M | ||
| Q1 24 | $22.2M | $-29.1M |
| Q4 25 | $-450.8M | $28.5M | ||
| Q3 25 | $-112.7M | $-46.6M | ||
| Q2 25 | $-87.3M | $-43.4M | ||
| Q1 25 | $-129.0M | $-48.4M | ||
| Q4 24 | $-52.1M | $-138.4M | ||
| Q3 24 | $-25.5M | $-31.2M | ||
| Q2 24 | $-1.9M | $-30.6M | ||
| Q1 24 | $-9.7M | $-29.8M |
| Q4 25 | -565.1% | 33.5% | ||
| Q3 25 | -139.0% | -51765.6% | ||
| Q2 25 | -111.0% | -289620.0% | ||
| Q1 25 | -162.2% | -345635.7% | ||
| Q4 24 | -54.8% | -13837100.0% | ||
| Q3 24 | -26.7% | -1038966.7% | ||
| Q2 24 | -1.4% | -611840.0% | ||
| Q1 24 | -5.4% | -106421.4% |
| Q4 25 | 914.0% | 0.1% | ||
| Q3 25 | 301.5% | 101.1% | ||
| Q2 25 | 154.2% | 440.0% | ||
| Q1 25 | 105.6% | 4507.1% | ||
| Q4 24 | 100.0% | 378600.0% | ||
| Q3 24 | 32.7% | 59266.7% | ||
| Q2 24 | 2.2% | 6980.0% | ||
| Q1 24 | 17.8% | 2535.7% |
| Q4 25 | 1.30× | 1.47× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | -0.08× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 0.11× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CORZ
| Other | $36.3M | 46% |
| Digital Asset Self Mining Service | $31.8M | 40% |
| Colocation Service | $11.6M | 15% |
FDMT
Segment breakdown not available.
