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Side-by-side financial comparison of Core Scientific, Inc. (CORZ) and ATRenew Inc. (RERE). Click either name above to swap in a different company.

Core Scientific, Inc. is the larger business by last-quarter revenue ($79.8M vs $43.2M, roughly 1.8× ATRenew Inc.). Core Scientific, Inc. runs the higher net margin — 268.5% vs 16.9%, a 251.6% gap on every dollar of revenue.

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.

ATRenew Inc. operates a leading pre-owned consumer electronics transaction and servicing ecosystem primarily in China. Its core services include end-to-end device recycling, professional quality inspection, certified refurbishment, and resale of smartphones, laptops, tablets and other digital products, serving both individual consumers and enterprise clients across domestic and select Southeast Asian markets.

CORZ vs RERE — Head-to-Head

Bigger by revenue
CORZ
CORZ
1.8× larger
CORZ
$79.8M
$43.2M
RERE
Higher net margin
CORZ
CORZ
251.6% more per $
CORZ
268.5%
16.9%
RERE

Income Statement — Q4 FY2025 vs Q1 FY2023

Metric
CORZ
CORZ
RERE
RERE
Revenue
$79.8M
$43.2M
Net Profit
$214.2M
$7.3M
Gross Margin
26.0%
Operating Margin
-149.5%
Net Margin
268.5%
16.9%
Revenue YoY
-16.0%
Net Profit YoY
180.6%
EPS (diluted)
$-1.63

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.

Revenue
CORZ
CORZ
RERE
RERE
Q4 25
$79.8M
Q3 25
$81.1M
Q2 25
$78.6M
Q1 25
$79.5M
Q4 24
$94.9M
Q3 24
$95.4M
Q2 24
$141.1M
Q1 24
$179.3M
Net Profit
CORZ
CORZ
RERE
RERE
Q4 25
$214.2M
Q3 25
$-144.0M
Q2 25
$-936.8M
Q1 25
$576.3M
Q4 24
$-265.5M
Q3 24
$-455.3M
Q2 24
$-902.2M
Q1 24
$210.7M
Gross Margin
CORZ
CORZ
RERE
RERE
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%
Operating Margin
CORZ
CORZ
RERE
RERE
Q4 25
-149.5%
Q3 25
-67.6%
Q2 25
-33.4%
Q1 25
-59.1%
Q4 24
-41.9%
Q3 24
-43.2%
Q2 24
-64.3%
Q1 24
30.8%
Net Margin
CORZ
CORZ
RERE
RERE
Q4 25
268.5%
Q3 25
-177.6%
Q2 25
-1191.4%
Q1 25
724.6%
Q4 24
-279.7%
Q3 24
-477.4%
Q2 24
-639.4%
Q1 24
117.5%
EPS (diluted)
CORZ
CORZ
RERE
RERE
Q4 25
$-1.63
Q3 25
$-0.45
Q2 25
$-0.04
Q1 25
$1.24
Q4 24
$0.51
Q3 24
$-1.17
Q2 24
$-5.05
Q1 24
$0.78

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
CORZ
CORZ
RERE
RERE
Cash + ST InvestmentsLiquidity on hand
$311.4M
$228.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$-962.7M
$557.1M
Total Assets
$2.3B
$722.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CORZ
CORZ
RERE
RERE
Q4 25
$311.4M
Q3 25
$453.4M
Q2 25
$581.3M
Q1 25
$697.9M
Q4 24
$836.2M
Q3 24
$253.0M
Q2 24
$96.1M
Q1 24
$98.1M
Stockholders' Equity
CORZ
CORZ
RERE
RERE
Q4 25
$-962.7M
Q3 25
$-1.3B
Q2 25
$-1.2B
Q1 25
$-308.8M
Q4 24
$-943.0M
Q3 24
$-826.7M
Q2 24
$-1.2B
Q1 24
$-318.5M
Total Assets
CORZ
CORZ
RERE
RERE
Q4 25
$2.3B
Q3 25
$2.2B
Q2 25
$1.9B
Q1 25
$1.5B
Q4 24
$1.5B
Q3 24
$824.6M
Q2 24
$664.2M
Q1 24
$814.0M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
CORZ
CORZ
RERE
RERE
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.

Operating Cash Flow
CORZ
CORZ
RERE
RERE
Q4 25
$278.3M
Q3 25
$131.8M
Q2 25
$34.0M
Q1 25
$-45.0M
Q4 24
$42.9M
Q3 24
$5.7M
Q2 24
$1.2M
Q1 24
$22.2M
Free Cash Flow
CORZ
CORZ
RERE
RERE
Q4 25
$-450.8M
Q3 25
$-112.7M
Q2 25
$-87.3M
Q1 25
$-129.0M
Q4 24
$-52.1M
Q3 24
$-25.5M
Q2 24
$-1.9M
Q1 24
$-9.7M
FCF Margin
CORZ
CORZ
RERE
RERE
Q4 25
-565.1%
Q3 25
-139.0%
Q2 25
-111.0%
Q1 25
-162.2%
Q4 24
-54.8%
Q3 24
-26.7%
Q2 24
-1.4%
Q1 24
-5.4%
Capex Intensity
CORZ
CORZ
RERE
RERE
Q4 25
914.0%
Q3 25
301.5%
Q2 25
154.2%
Q1 25
105.6%
Q4 24
100.0%
Q3 24
32.7%
Q2 24
2.2%
Q1 24
17.8%
Cash Conversion
CORZ
CORZ
RERE
RERE
Q4 25
1.30×
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
CORZ

Other$36.3M46%
Digital Asset Self Mining Service$31.8M40%
Colocation Service$11.6M15%

RERE
RERE

Segment breakdown not available.

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