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Side-by-side financial comparison of Core Scientific, Inc. (CORZ) and OneSpan Inc. (OSPN). Click either name above to swap in a different company.
Core Scientific, Inc. is the larger business by last-quarter revenue ($79.8M vs $65.9M, roughly 1.2× OneSpan Inc.). Core Scientific, Inc. runs the higher net margin — 268.5% vs 17.5%, a 250.9% gap on every dollar of revenue. On growth, OneSpan Inc. posted the faster year-over-year revenue change (4.1% vs -16.0%). Over the past eight quarters, OneSpan Inc.'s revenue compounded faster (4.0% 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.
OneSpan Inc. is an information security company based in Boston, Massachusetts. Services include an internet fraud prevention platform, multi-factor authentication tools and electronic signature software.
CORZ vs OSPN — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $79.8M | $65.9M |
| Net Profit | $214.2M | $11.6M |
| Gross Margin | 26.0% | 73.6% |
| Operating Margin | -149.5% | 22.5% |
| Net Margin | 268.5% | 17.5% |
| Revenue YoY | -16.0% | 4.1% |
| Net Profit YoY | 180.6% | — |
| EPS (diluted) | $-1.63 | $0.39 |
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 | — | $65.9M | ||
| Q4 25 | $79.8M | $62.9M | ||
| Q3 25 | $81.1M | $57.1M | ||
| Q2 25 | $78.6M | $59.8M | ||
| Q1 25 | $79.5M | $63.4M | ||
| Q4 24 | $94.9M | $61.2M | ||
| Q3 24 | $95.4M | $56.2M | ||
| Q2 24 | $141.1M | $60.9M |
| Q1 26 | — | $11.6M | ||
| Q4 25 | $214.2M | $43.5M | ||
| Q3 25 | $-144.0M | $6.5M | ||
| Q2 25 | $-936.8M | $8.3M | ||
| Q1 25 | $576.3M | $14.5M | ||
| Q4 24 | $-265.5M | $28.8M | ||
| Q3 24 | $-455.3M | $8.3M | ||
| Q2 24 | $-902.2M | $6.6M |
| Q1 26 | — | 73.6% | ||
| Q4 25 | 26.0% | 73.6% | ||
| Q3 25 | 4.8% | 73.6% | ||
| Q2 25 | 6.4% | 73.5% | ||
| Q1 25 | 10.3% | 74.3% | ||
| Q4 24 | 5.0% | 74.0% | ||
| Q3 24 | -0.2% | 73.9% | ||
| Q2 24 | 27.5% | 66.2% |
| Q1 26 | — | 22.5% | ||
| Q4 25 | -149.5% | 19.9% | ||
| Q3 25 | -67.6% | 14.4% | ||
| Q2 25 | -33.4% | 17.6% | ||
| Q1 25 | -59.1% | 27.1% | ||
| Q4 24 | -41.9% | 19.3% | ||
| Q3 24 | -43.2% | 20.0% | ||
| Q2 24 | -64.3% | 12.5% |
| Q1 26 | — | 17.5% | ||
| Q4 25 | 268.5% | 69.2% | ||
| Q3 25 | -177.6% | 11.4% | ||
| Q2 25 | -1191.4% | 13.9% | ||
| Q1 25 | 724.6% | 22.9% | ||
| Q4 24 | -279.7% | 47.1% | ||
| Q3 24 | -477.4% | 14.7% | ||
| Q2 24 | -639.4% | 10.8% |
| Q1 26 | — | $0.39 | ||
| Q4 25 | $-1.63 | $1.13 | ||
| Q3 25 | $-0.45 | $0.17 | ||
| Q2 25 | $-0.04 | $0.21 | ||
| Q1 25 | $1.24 | $0.37 | ||
| Q4 24 | $0.51 | $0.73 | ||
| Q3 24 | $-1.17 | $0.21 | ||
| Q2 24 | $-5.05 | $0.17 |
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 | $49.8M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $-962.7M | $272.0M |
| Total Assets | $2.3B | $383.1M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $49.8M | ||
| Q4 25 | $311.4M | $70.5M | ||
| Q3 25 | $453.4M | $85.6M | ||
| Q2 25 | $581.3M | $92.9M | ||
| Q1 25 | $697.9M | $105.2M | ||
| Q4 24 | $836.2M | $83.2M | ||
| Q3 24 | $253.0M | $77.5M | ||
| Q2 24 | $96.1M | $63.8M |
| Q1 26 | — | $272.0M | ||
| Q4 25 | $-962.7M | $271.8M | ||
| Q3 25 | $-1.3B | $238.3M | ||
| Q2 25 | $-1.2B | $242.5M | ||
| Q1 25 | $-308.8M | $231.1M | ||
| Q4 24 | $-943.0M | $212.5M | ||
| Q3 24 | $-826.7M | $194.6M | ||
| Q2 24 | $-1.2B | $178.6M |
| Q1 26 | — | $383.1M | ||
| Q4 25 | $2.3B | $397.7M | ||
| Q3 25 | $2.2B | $343.5M | ||
| Q2 25 | $1.9B | $357.1M | ||
| Q1 25 | $1.5B | $333.8M | ||
| Q4 24 | $1.5B | $338.7M | ||
| Q3 24 | $824.6M | $289.3M | ||
| Q2 24 | $664.2M | $286.9M |
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 | $28.2M |
| Free Cash FlowOCF − Capex | $-450.8M | — |
| FCF MarginFCF / Revenue | -565.1% | — |
| Capex IntensityCapex / Revenue | 914.0% | — |
| Cash ConversionOCF / Net Profit | 1.30× | 2.44× |
| TTM Free Cash FlowTrailing 4 quarters | $-779.8M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $28.2M | ||
| Q4 25 | $278.3M | $12.6M | ||
| Q3 25 | $131.8M | $11.3M | ||
| Q2 25 | $34.0M | $6.2M | ||
| Q1 25 | $-45.0M | $29.4M | ||
| Q4 24 | $42.9M | $12.4M | ||
| Q3 24 | $5.7M | $14.0M | ||
| Q2 24 | $1.2M | $2.3M |
| Q1 26 | — | — | ||
| Q4 25 | $-450.8M | $9.6M | ||
| Q3 25 | $-112.7M | $8.8M | ||
| Q2 25 | $-87.3M | $4.4M | ||
| Q1 25 | $-129.0M | $27.7M | ||
| Q4 24 | $-52.1M | $10.5M | ||
| Q3 24 | $-25.5M | $12.0M | ||
| Q2 24 | $-1.9M | $26.0K |
| Q1 26 | — | — | ||
| Q4 25 | -565.1% | 15.3% | ||
| Q3 25 | -139.0% | 15.4% | ||
| Q2 25 | -111.0% | 7.3% | ||
| Q1 25 | -162.2% | 43.8% | ||
| Q4 24 | -54.8% | 17.1% | ||
| Q3 24 | -26.7% | 21.4% | ||
| Q2 24 | -1.4% | 0.0% |
| Q1 26 | — | — | ||
| Q4 25 | 914.0% | 4.7% | ||
| Q3 25 | 301.5% | 4.4% | ||
| Q2 25 | 154.2% | 3.1% | ||
| Q1 25 | 105.6% | 2.6% | ||
| Q4 24 | 100.0% | 3.2% | ||
| Q3 24 | 32.7% | 3.5% | ||
| Q2 24 | 2.2% | 3.7% |
| Q1 26 | — | 2.44× | ||
| Q4 25 | 1.30× | 0.29× | ||
| Q3 25 | — | 1.74× | ||
| Q2 25 | — | 0.75× | ||
| Q1 25 | -0.08× | 2.02× | ||
| Q4 24 | — | 0.43× | ||
| Q3 24 | — | 1.69× | ||
| Q2 24 | — | 0.35× |
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% |
OSPN
| Product and license | $35.5M | 54% |
| Services and other | $30.4M | 46% |
