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Side-by-side financial comparison of Core Scientific, Inc. (CORZ) and IMAX CORP (IMAX). Click either name above to swap in a different company.
IMAX CORP is the larger business by last-quarter revenue ($125.2M vs $79.8M, roughly 1.6× Core Scientific, Inc.). Core Scientific, Inc. runs the higher net margin — 268.5% vs 0.5%, a 268.0% gap on every dollar of revenue. On growth, IMAX CORP posted the faster year-over-year revenue change (35.1% vs -16.0%). IMAX CORP produced more free cash flow last quarter ($28.0M vs $-450.8M). Over the past eight quarters, IMAX CORP's revenue compounded faster (25.8% 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.
IMAX Corporation is a Canadian production theatre company which designs and manufactures IMAX cameras and projection systems as well as performing film development, production, post-production and distribution to IMAX-affiliated theatres worldwide. Founded in Montreal in 1967, it has headquarters in the Toronto area, and operations in New York City and Los Angeles.
CORZ vs IMAX — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $79.8M | $125.2M |
| Net Profit | $214.2M | $637.0K |
| Gross Margin | 26.0% | 57.6% |
| Operating Margin | -149.5% | 19.3% |
| Net Margin | 268.5% | 0.5% |
| Revenue YoY | -16.0% | 35.1% |
| Net Profit YoY | 180.6% | -88.0% |
| 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.
| Q4 25 | $79.8M | $125.2M | ||
| Q3 25 | $81.1M | $106.7M | ||
| Q2 25 | $78.6M | $91.7M | ||
| Q1 25 | $79.5M | $86.7M | ||
| Q4 24 | $94.9M | $92.7M | ||
| Q3 24 | $95.4M | $91.5M | ||
| Q2 24 | $141.1M | $89.0M | ||
| Q1 24 | $179.3M | $79.1M |
| Q4 25 | $214.2M | $637.0K | ||
| Q3 25 | $-144.0M | $20.7M | ||
| Q2 25 | $-936.8M | $11.3M | ||
| Q1 25 | $576.3M | $2.3M | ||
| Q4 24 | $-265.5M | $5.3M | ||
| Q3 24 | $-455.3M | $13.9M | ||
| Q2 24 | $-902.2M | $3.6M | ||
| Q1 24 | $210.7M | $3.3M |
| Q4 25 | 26.0% | 57.6% | ||
| Q3 25 | 4.8% | 63.1% | ||
| Q2 25 | 6.4% | 58.5% | ||
| Q1 25 | 10.3% | 61.4% | ||
| Q4 24 | 5.0% | 52.2% | ||
| Q3 24 | -0.2% | 55.8% | ||
| Q2 24 | 27.5% | 49.4% | ||
| Q1 24 | 43.3% | 59.3% |
| Q4 25 | -149.5% | 19.3% | ||
| Q3 25 | -67.6% | 27.2% | ||
| Q2 25 | -33.4% | 15.6% | ||
| Q1 25 | -59.1% | 19.3% | ||
| Q4 24 | -41.9% | 10.3% | ||
| Q3 24 | -43.2% | 21.2% | ||
| Q2 24 | -64.3% | 3.2% | ||
| Q1 24 | 30.8% | 15.3% |
| Q4 25 | 268.5% | 0.5% | ||
| Q3 25 | -177.6% | 19.4% | ||
| Q2 25 | -1191.4% | 12.3% | ||
| Q1 25 | 724.6% | 2.7% | ||
| Q4 24 | -279.7% | 5.7% | ||
| Q3 24 | -477.4% | 15.2% | ||
| Q2 24 | -639.4% | 4.0% | ||
| Q1 24 | 117.5% | 4.1% |
| Q4 25 | $-1.63 | $0.02 | ||
| Q3 25 | $-0.45 | $0.37 | ||
| Q2 25 | $-0.04 | $0.20 | ||
| Q1 25 | $1.24 | $0.04 | ||
| Q4 24 | $0.51 | $0.09 | ||
| Q3 24 | $-1.17 | $0.26 | ||
| Q2 24 | $-5.05 | $0.07 | ||
| Q1 24 | $0.78 | $0.06 |
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 | $151.2M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $-962.7M | $337.9M |
| Total Assets | $2.3B | $894.0M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $311.4M | $151.2M | ||
| Q3 25 | $453.4M | $143.1M | ||
| Q2 25 | $581.3M | $109.3M | ||
| Q1 25 | $697.9M | $97.1M | ||
| Q4 24 | $836.2M | $100.6M | ||
| Q3 24 | $253.0M | $104.5M | ||
| Q2 24 | $96.1M | $91.6M | ||
| Q1 24 | $98.1M | $81.0M |
| Q4 25 | $-962.7M | $337.9M | ||
| Q3 25 | $-1.3B | $349.5M | ||
| Q2 25 | $-1.2B | $320.4M | ||
| Q1 25 | $-308.8M | $299.5M | ||
| Q4 24 | $-943.0M | $299.5M | ||
| Q3 24 | $-826.7M | $289.4M | ||
| Q2 24 | $-1.2B | $267.2M | ||
| Q1 24 | $-318.5M | $258.8M |
| Q4 25 | $2.3B | $894.0M | ||
| Q3 25 | $2.2B | $889.6M | ||
| Q2 25 | $1.9B | $868.6M | ||
| Q1 25 | $1.5B | $848.3M | ||
| Q4 24 | $1.5B | $830.4M | ||
| Q3 24 | $824.6M | $847.6M | ||
| Q2 24 | $664.2M | $827.4M | ||
| Q1 24 | $814.0M | $824.1M |
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 | $29.4M |
| Free Cash FlowOCF − Capex | $-450.8M | $28.0M |
| FCF MarginFCF / Revenue | -565.1% | 22.3% |
| Capex IntensityCapex / Revenue | 914.0% | 1.1% |
| Cash ConversionOCF / Net Profit | 1.30× | 46.11× |
| TTM Free Cash FlowTrailing 4 quarters | $-779.8M | $118.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $278.3M | $29.4M | ||
| Q3 25 | $131.8M | $67.5M | ||
| Q2 25 | $34.0M | $23.2M | ||
| Q1 25 | $-45.0M | $7.0M | ||
| Q4 24 | $42.9M | $11.5M | ||
| Q3 24 | $5.7M | $35.3M | ||
| Q2 24 | $1.2M | $35.0M | ||
| Q1 24 | $22.2M | $-11.0M |
| Q4 25 | $-450.8M | $28.0M | ||
| Q3 25 | $-112.7M | $64.8M | ||
| Q2 25 | $-87.3M | $20.9M | ||
| Q1 25 | $-129.0M | $5.3M | ||
| Q4 24 | $-52.1M | $6.9M | ||
| Q3 24 | $-25.5M | $34.2M | ||
| Q2 24 | $-1.9M | $33.5M | ||
| Q1 24 | $-9.7M | $-12.1M |
| Q4 25 | -565.1% | 22.3% | ||
| Q3 25 | -139.0% | 60.7% | ||
| Q2 25 | -111.0% | 22.8% | ||
| Q1 25 | -162.2% | 6.1% | ||
| Q4 24 | -54.8% | 7.4% | ||
| Q3 24 | -26.7% | 37.3% | ||
| Q2 24 | -1.4% | 37.6% | ||
| Q1 24 | -5.4% | -15.3% |
| Q4 25 | 914.0% | 1.1% | ||
| Q3 25 | 301.5% | 2.6% | ||
| Q2 25 | 154.2% | 2.6% | ||
| Q1 25 | 105.6% | 1.9% | ||
| Q4 24 | 100.0% | 5.0% | ||
| Q3 24 | 32.7% | 1.2% | ||
| Q2 24 | 2.2% | 1.8% | ||
| Q1 24 | 17.8% | 1.4% |
| Q4 25 | 1.30× | 46.11× | ||
| Q3 25 | — | 3.27× | ||
| Q2 25 | — | 2.06× | ||
| Q1 25 | -0.08× | 2.99× | ||
| Q4 24 | — | 2.16× | ||
| Q3 24 | — | 2.54× | ||
| Q2 24 | — | 9.78× | ||
| Q1 24 | 0.11× | -3.35× |
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% |
IMAX
| Technology Sales | $46.6M | 37% |
| Image Enhancement And Maintenance Services | $38.1M | 30% |
| Joint Revenue Sharing Arrangement | $20.4M | 16% |
| Maintenance | $16.3M | 13% |
| Finance Income | $2.8M | 2% |
| Other Content Solutions | $1.6M | 1% |
