vs
Side-by-side financial comparison of Core Scientific, Inc. (CORZ) and PagerDuty, Inc. (PD). Click either name above to swap in a different company.
PagerDuty, Inc. is the larger business by last-quarter revenue ($124.5M vs $79.8M, roughly 1.6× Core Scientific, Inc.). Core Scientific, Inc. runs the higher net margin — 268.5% vs 129.7%, a 138.7% gap on every dollar of revenue. On growth, PagerDuty, Inc. posted the faster year-over-year revenue change (4.7% vs -16.0%). PagerDuty, Inc. produced more free cash flow last quarter ($24.1M vs $-450.8M). Over the past eight quarters, PagerDuty, Inc.'s revenue compounded faster (5.9% 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.
PagerDuty, Inc. is an American cloud computing company specializing in a SaaS incident management platform for IT operations departments.
CORZ vs PD — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $79.8M | $124.5M |
| Net Profit | $214.2M | $161.6M |
| Gross Margin | 26.0% | 85.3% |
| Operating Margin | -149.5% | 6.5% |
| Net Margin | 268.5% | 129.7% |
| Revenue YoY | -16.0% | 4.7% |
| Net Profit YoY | 180.6% | 2827.7% |
| EPS (diluted) | $-1.63 | $1.69 |
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 | $124.5M | ||
| Q3 25 | $81.1M | $123.4M | ||
| Q2 25 | $78.6M | $119.8M | ||
| Q1 25 | $79.5M | $121.4M | ||
| Q4 24 | $94.9M | $118.9M | ||
| Q3 24 | $95.4M | $115.9M | ||
| Q2 24 | $141.1M | $111.2M | ||
| Q1 24 | $179.3M | $111.1M |
| Q4 25 | $214.2M | $161.6M | ||
| Q3 25 | $-144.0M | $9.6M | ||
| Q2 25 | $-936.8M | $-7.2M | ||
| Q1 25 | $576.3M | $-8.8M | ||
| Q4 24 | $-265.5M | $-5.9M | ||
| Q3 24 | $-455.3M | $-10.9M | ||
| Q2 24 | $-902.2M | $-17.1M | ||
| Q1 24 | $210.7M | $-28.2M |
| Q4 25 | 26.0% | 85.3% | ||
| Q3 25 | 4.8% | 84.6% | ||
| Q2 25 | 6.4% | 84.0% | ||
| Q1 25 | 10.3% | 83.6% | ||
| Q4 24 | 5.0% | 83.0% | ||
| Q3 24 | -0.2% | 82.7% | ||
| Q2 24 | 27.5% | 82.6% | ||
| Q1 24 | 43.3% | 81.7% |
| Q4 25 | -149.5% | 6.5% | ||
| Q3 25 | -67.6% | 2.9% | ||
| Q2 25 | -33.4% | -8.6% | ||
| Q1 25 | -59.1% | -9.6% | ||
| Q4 24 | -41.9% | -8.7% | ||
| Q3 24 | -43.2% | -13.8% | ||
| Q2 24 | -64.3% | -19.5% | ||
| Q1 24 | 30.8% | -30.1% |
| Q4 25 | 268.5% | 129.7% | ||
| Q3 25 | -177.6% | 7.8% | ||
| Q2 25 | -1191.4% | -6.0% | ||
| Q1 25 | 724.6% | -7.2% | ||
| Q4 24 | -279.7% | -5.0% | ||
| Q3 24 | -477.4% | -9.4% | ||
| Q2 24 | -639.4% | -15.4% | ||
| Q1 24 | 117.5% | -25.3% |
| Q4 25 | $-1.63 | $1.69 | ||
| Q3 25 | $-0.45 | $0.10 | ||
| Q2 25 | $-0.04 | $-0.07 | ||
| Q1 25 | $1.24 | $-0.12 | ||
| Q4 24 | $0.51 | $-0.07 | ||
| Q3 24 | $-1.17 | $-0.14 | ||
| Q2 24 | $-5.05 | $-0.26 | ||
| Q1 24 | $0.78 | $-0.34 |
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 | $547.8M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $-962.7M | $320.5M |
| Total Assets | $2.3B | $1.0B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $311.4M | $547.8M | ||
| Q3 25 | $453.4M | $567.9M | ||
| Q2 25 | $581.3M | $597.1M | ||
| Q1 25 | $697.9M | $570.8M | ||
| Q4 24 | $836.2M | $542.2M | ||
| Q3 24 | $253.0M | $599.3M | ||
| Q2 24 | $96.1M | $592.8M | ||
| Q1 24 | $98.1M | $571.2M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $484.5M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $489.5M |
| Q4 25 | $-962.7M | $320.5M | ||
| Q3 25 | $-1.3B | $180.7M | ||
| Q2 25 | $-1.2B | $145.7M | ||
| Q1 25 | $-308.8M | $129.8M | ||
| Q4 24 | $-943.0M | $111.6M | ||
| Q3 24 | $-826.7M | $164.7M | ||
| Q2 24 | $-1.2B | $174.0M | ||
| Q1 24 | $-318.5M | $171.6M |
| Q4 25 | $2.3B | $1.0B | ||
| Q3 25 | $2.2B | $891.5M | ||
| Q2 25 | $1.9B | $926.8M | ||
| Q1 25 | $1.5B | $927.3M | ||
| Q4 24 | $1.5B | $866.8M | ||
| Q3 24 | $824.6M | $916.0M | ||
| Q2 24 | $664.2M | $924.0M | ||
| Q1 24 | $814.0M | $925.3M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 3.73× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 2.85× |
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 | $24.8M |
| Free Cash FlowOCF − Capex | $-450.8M | $24.1M |
| FCF MarginFCF / Revenue | -565.1% | 19.3% |
| Capex IntensityCapex / Revenue | 914.0% | 0.6% |
| Cash ConversionOCF / Net Profit | 1.30× | 0.15× |
| TTM Free Cash FlowTrailing 4 quarters | $-779.8M | $117.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $278.3M | $24.8M | ||
| Q3 25 | $131.8M | $34.0M | ||
| Q2 25 | $34.0M | $30.7M | ||
| Q1 25 | $-45.0M | $31.4M | ||
| Q4 24 | $42.9M | $22.1M | ||
| Q3 24 | $5.7M | $35.8M | ||
| Q2 24 | $1.2M | $28.6M | ||
| Q1 24 | $22.2M | $22.2M |
| Q4 25 | $-450.8M | $24.1M | ||
| Q3 25 | $-112.7M | $33.1M | ||
| Q2 25 | $-87.3M | $30.2M | ||
| Q1 25 | $-129.0M | $30.3M | ||
| Q4 24 | $-52.1M | $21.5M | ||
| Q3 24 | $-25.5M | $35.1M | ||
| Q2 24 | $-1.9M | $28.2M | ||
| Q1 24 | $-9.7M | $21.2M |
| Q4 25 | -565.1% | 19.3% | ||
| Q3 25 | -139.0% | 26.8% | ||
| Q2 25 | -111.0% | 25.2% | ||
| Q1 25 | -162.2% | 24.9% | ||
| Q4 24 | -54.8% | 18.1% | ||
| Q3 24 | -26.7% | 30.3% | ||
| Q2 24 | -1.4% | 25.4% | ||
| Q1 24 | -5.4% | 19.1% |
| Q4 25 | 914.0% | 0.6% | ||
| Q3 25 | 301.5% | 0.7% | ||
| Q2 25 | 154.2% | 0.4% | ||
| Q1 25 | 105.6% | 0.9% | ||
| Q4 24 | 100.0% | 0.5% | ||
| Q3 24 | 32.7% | 0.5% | ||
| Q2 24 | 2.2% | 0.4% | ||
| Q1 24 | 17.8% | 0.9% |
| Q4 25 | 1.30× | 0.15× | ||
| Q3 25 | — | 3.55× | ||
| 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% |
PD
| US | $88.8M | 71% |
| Non Us | $35.7M | 29% |
