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Side-by-side financial comparison of Core Scientific, Inc. (CORZ) and GRID DYNAMICS HOLDINGS, INC. (GDYN). Click either name above to swap in a different company.
GRID DYNAMICS HOLDINGS, INC. is the larger business by last-quarter revenue ($104.1M vs $79.8M, roughly 1.3× Core Scientific, Inc.). Core Scientific, Inc. runs the higher net margin — 268.5% vs -1.4%, a 269.9% gap on every dollar of revenue. On growth, GRID DYNAMICS HOLDINGS, INC. posted the faster year-over-year revenue change (3.7% vs -16.0%). Over the past eight quarters, GRID DYNAMICS HOLDINGS, INC.'s revenue compounded faster (12.0% 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.
Escape Dynamics, Inc. was a Colorado-based technology company that operated 2010–2015 focused on bringing to market single-stage-to-orbit reusable electromagnetically powered spaceplanes.
CORZ vs GDYN — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $79.8M | $104.1M |
| Net Profit | $214.2M | $-1.5M |
| Gross Margin | 26.0% | 34.8% |
| Operating Margin | -149.5% | 61.7% |
| Net Margin | 268.5% | -1.4% |
| Revenue YoY | -16.0% | 3.7% |
| Net Profit YoY | 180.6% | -150.6% |
| EPS (diluted) | $-1.63 | $-0.02 |
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 | — | $104.1M | ||
| Q4 25 | $79.8M | $106.2M | ||
| Q3 25 | $81.1M | $104.2M | ||
| Q2 25 | $78.6M | $101.1M | ||
| Q1 25 | $79.5M | $100.4M | ||
| Q4 24 | $94.9M | $100.3M | ||
| Q3 24 | $95.4M | $87.4M | ||
| Q2 24 | $141.1M | $83.0M |
| Q1 26 | — | $-1.5M | ||
| Q4 25 | $214.2M | $306.0K | ||
| Q3 25 | $-144.0M | $1.2M | ||
| Q2 25 | $-936.8M | $5.3M | ||
| Q1 25 | $576.3M | $2.9M | ||
| Q4 24 | $-265.5M | $4.5M | ||
| Q3 24 | $-455.3M | $4.3M | ||
| Q2 24 | $-902.2M | $-817.0K |
| Q1 26 | — | 34.8% | ||
| Q4 25 | 26.0% | 34.0% | ||
| Q3 25 | 4.8% | 33.3% | ||
| Q2 25 | 6.4% | 34.1% | ||
| Q1 25 | 10.3% | 36.8% | ||
| Q4 24 | 5.0% | 36.9% | ||
| Q3 24 | -0.2% | 37.4% | ||
| Q2 24 | 27.5% | 35.6% |
| Q1 26 | — | 61.7% | ||
| Q4 25 | -149.5% | 0.5% | ||
| Q3 25 | -67.6% | -0.2% | ||
| Q2 25 | -33.4% | -0.1% | ||
| Q1 25 | -59.1% | -2.0% | ||
| Q4 24 | -41.9% | 1.3% | ||
| Q3 24 | -43.2% | 2.4% | ||
| Q2 24 | -64.3% | 0.0% |
| Q1 26 | — | -1.4% | ||
| Q4 25 | 268.5% | 0.3% | ||
| Q3 25 | -177.6% | 1.1% | ||
| Q2 25 | -1191.4% | 5.2% | ||
| Q1 25 | 724.6% | 2.9% | ||
| Q4 24 | -279.7% | 4.5% | ||
| Q3 24 | -477.4% | 4.9% | ||
| Q2 24 | -639.4% | -1.0% |
| Q1 26 | — | $-0.02 | ||
| Q4 25 | $-1.63 | $0.01 | ||
| Q3 25 | $-0.45 | $0.01 | ||
| Q2 25 | $-0.04 | $0.06 | ||
| Q1 25 | $1.24 | $0.03 | ||
| Q4 24 | $0.51 | $0.06 | ||
| Q3 24 | $-1.17 | $0.05 | ||
| Q2 24 | $-5.05 | $-0.01 |
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 | $327.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $-962.7M | $530.1M |
| Total Assets | $2.3B | $605.0M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $327.5M | ||
| Q4 25 | $311.4M | $342.1M | ||
| Q3 25 | $453.4M | $338.6M | ||
| Q2 25 | $581.3M | $336.8M | ||
| Q1 25 | $697.9M | $325.5M | ||
| Q4 24 | $836.2M | $334.7M | ||
| Q3 24 | $253.0M | $231.3M | ||
| Q2 24 | $96.1M | $256.0M |
| Q1 26 | — | $530.1M | ||
| Q4 25 | $-962.7M | $542.1M | ||
| Q3 25 | $-1.3B | $537.7M | ||
| Q2 25 | $-1.2B | $532.2M | ||
| Q1 25 | $-308.8M | $517.4M | ||
| Q4 24 | $-943.0M | $517.8M | ||
| Q3 24 | $-826.7M | $400.2M | ||
| Q2 24 | $-1.2B | $388.4M |
| Q1 26 | — | $605.0M | ||
| Q4 25 | $2.3B | $612.9M | ||
| Q3 25 | $2.2B | $613.2M | ||
| Q2 25 | $1.9B | $608.9M | ||
| Q1 25 | $1.5B | $590.9M | ||
| Q4 24 | $1.5B | $592.2M | ||
| Q3 24 | $824.6M | $477.3M | ||
| Q2 24 | $664.2M | $443.6M |
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 | $278.3M | $9.9M | ||
| Q3 25 | $131.8M | $7.0M | ||
| Q2 25 | $34.0M | $14.4M | ||
| Q1 25 | $-45.0M | $9.4M | ||
| Q4 24 | $42.9M | $7.1M | ||
| Q3 24 | $5.7M | $9.2M | ||
| Q2 24 | $1.2M | $10.7M |
| Q1 26 | — | — | ||
| Q4 25 | $-450.8M | $6.1M | ||
| Q3 25 | $-112.7M | $2.9M | ||
| Q2 25 | $-87.3M | $10.2M | ||
| Q1 25 | $-129.0M | $6.0M | ||
| Q4 24 | $-52.1M | $4.4M | ||
| Q3 24 | $-25.5M | $5.9M | ||
| Q2 24 | $-1.9M | $8.0M |
| Q1 26 | — | — | ||
| Q4 25 | -565.1% | 5.7% | ||
| Q3 25 | -139.0% | 2.8% | ||
| Q2 25 | -111.0% | 10.1% | ||
| Q1 25 | -162.2% | 6.0% | ||
| Q4 24 | -54.8% | 4.4% | ||
| Q3 24 | -26.7% | 6.8% | ||
| Q2 24 | -1.4% | 9.7% |
| Q1 26 | — | — | ||
| Q4 25 | 914.0% | 3.6% | ||
| Q3 25 | 301.5% | 3.9% | ||
| Q2 25 | 154.2% | 4.1% | ||
| Q1 25 | 105.6% | 3.3% | ||
| Q4 24 | 100.0% | 2.6% | ||
| Q3 24 | 32.7% | 3.7% | ||
| Q2 24 | 2.2% | 3.2% |
| Q1 26 | — | — | ||
| Q4 25 | 1.30× | 32.34× | ||
| Q3 25 | — | 5.92× | ||
| Q2 25 | — | 2.73× | ||
| Q1 25 | -0.08× | 3.21× | ||
| Q4 24 | — | 1.56× | ||
| Q3 24 | — | 2.15× | ||
| Q2 24 | — | — |
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% |
GDYN
Segment breakdown not available.
