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Side-by-side financial comparison of Core Scientific, Inc. (CORZ) and Repay Holdings Corp (RPAY). Click either name above to swap in a different company.
Core Scientific, Inc. is the larger business by last-quarter revenue ($79.8M vs $78.6M, roughly 1.0× Repay Holdings Corp). Core Scientific, Inc. runs the higher net margin — 268.5% vs -178.3%, a 446.8% gap on every dollar of revenue. On growth, Repay Holdings Corp posted the faster year-over-year revenue change (0.4% vs -16.0%). Repay Holdings Corp produced more free cash flow last quarter ($23.2M vs $-450.8M). Over the past eight quarters, Repay Holdings Corp's revenue compounded faster (-1.3% 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.
Repay Holdings Corp is a leading payment technology provider delivering integrated end-to-end payment processing solutions for businesses across North America. Its offerings include credit/debit card processing, ACH transfer services, POS system integrations and digital payment tools, serving retail, healthcare, automotive and e-commerce segments to help clients streamline transaction workflows and boost operational efficiency.
CORZ vs RPAY — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $79.8M | $78.6M |
| Net Profit | $214.2M | $-140.1M |
| Gross Margin | 26.0% | 74.2% |
| Operating Margin | -149.5% | -182.2% |
| Net Margin | 268.5% | -178.3% |
| Revenue YoY | -16.0% | 0.4% |
| Net Profit YoY | 180.6% | -3304.1% |
| EPS (diluted) | $-1.63 | $-1.68 |
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 | $78.6M | ||
| Q3 25 | $81.1M | $77.7M | ||
| Q2 25 | $78.6M | $75.6M | ||
| Q1 25 | $79.5M | $77.3M | ||
| Q4 24 | $94.9M | $78.3M | ||
| Q3 24 | $95.4M | $79.1M | ||
| Q2 24 | $141.1M | $74.9M | ||
| Q1 24 | $179.3M | $80.7M |
| Q4 25 | $214.2M | $-140.1M | ||
| Q3 25 | $-144.0M | $-6.4M | ||
| Q2 25 | $-936.8M | $-102.3M | ||
| Q1 25 | $576.3M | $-7.9M | ||
| Q4 24 | $-265.5M | $-4.1M | ||
| Q3 24 | $-455.3M | $3.2M | ||
| Q2 24 | $-902.2M | $-4.1M | ||
| Q1 24 | $210.7M | $-5.2M |
| Q4 25 | 26.0% | 74.2% | ||
| Q3 25 | 4.8% | 74.4% | ||
| Q2 25 | 6.4% | 75.7% | ||
| Q1 25 | 10.3% | 75.9% | ||
| Q4 24 | 5.0% | 76.3% | ||
| Q3 24 | -0.2% | 77.8% | ||
| Q2 24 | 27.5% | 78.2% | ||
| Q1 24 | 43.3% | 76.2% |
| Q4 25 | -149.5% | -182.2% | ||
| Q3 25 | -67.6% | -3.9% | ||
| Q2 25 | -33.4% | -138.7% | ||
| Q1 25 | -59.1% | -4.7% | ||
| Q4 24 | -41.9% | -1.5% | ||
| Q3 24 | -43.2% | -0.9% | ||
| Q2 24 | -64.3% | -4.6% | ||
| Q1 24 | 30.8% | -3.1% |
| Q4 25 | 268.5% | -178.3% | ||
| Q3 25 | -177.6% | -8.3% | ||
| Q2 25 | -1191.4% | -135.2% | ||
| Q1 25 | 724.6% | -10.3% | ||
| Q4 24 | -279.7% | -5.3% | ||
| Q3 24 | -477.4% | 4.1% | ||
| Q2 24 | -639.4% | -5.4% | ||
| Q1 24 | 117.5% | -6.5% |
| Q4 25 | $-1.63 | $-1.68 | ||
| Q3 25 | $-0.45 | $-0.08 | ||
| Q2 25 | $-0.04 | $-1.15 | ||
| Q1 25 | $1.24 | $-0.09 | ||
| Q4 24 | $0.51 | $-0.04 | ||
| Q3 24 | $-1.17 | $0.03 | ||
| Q2 24 | $-5.05 | $-0.04 | ||
| 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 | $115.7M |
| Total DebtLower is stronger | — | $280.1M |
| Stockholders' EquityBook value | $-962.7M | $484.4M |
| Total Assets | $2.3B | $1.2B |
| Debt / EquityLower = less leverage | — | 0.58× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $311.4M | $115.7M | ||
| Q3 25 | $453.4M | $95.7M | ||
| Q2 25 | $581.3M | $162.6M | ||
| Q1 25 | $697.9M | $165.5M | ||
| Q4 24 | $836.2M | $189.5M | ||
| Q3 24 | $253.0M | $168.7M | ||
| Q2 24 | $96.1M | $147.1M | ||
| Q1 24 | $98.1M | $128.3M |
| Q4 25 | — | $280.1M | ||
| Q3 25 | — | $279.5M | ||
| Q2 25 | — | $279.0M | ||
| Q1 25 | — | $497.6M | ||
| Q4 24 | — | $496.8M | ||
| Q3 24 | — | $496.2M | ||
| Q2 24 | — | $435.6M | ||
| Q1 24 | — | $434.9M |
| Q4 25 | $-962.7M | $484.4M | ||
| Q3 25 | $-1.3B | $616.9M | ||
| Q2 25 | $-1.2B | $633.7M | ||
| Q1 25 | $-308.8M | $755.7M | ||
| Q4 24 | $-943.0M | $761.3M | ||
| Q3 24 | $-826.7M | $754.7M | ||
| Q2 24 | $-1.2B | $815.4M | ||
| Q1 24 | $-318.5M | $813.8M |
| Q4 25 | $2.3B | $1.2B | ||
| Q3 25 | $2.2B | $1.3B | ||
| Q2 25 | $1.9B | $1.4B | ||
| Q1 25 | $1.5B | $1.5B | ||
| Q4 24 | $1.5B | $1.6B | ||
| Q3 24 | $824.6M | $1.6B | ||
| Q2 24 | $664.2M | $1.5B | ||
| Q1 24 | $814.0M | $1.5B |
| Q4 25 | — | 0.58× | ||
| Q3 25 | — | 0.45× | ||
| Q2 25 | — | 0.44× | ||
| Q1 25 | — | 0.66× | ||
| Q4 24 | — | 0.65× | ||
| Q3 24 | — | 0.66× | ||
| Q2 24 | — | 0.53× | ||
| Q1 24 | — | 0.53× |
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 | $23.3M |
| Free Cash FlowOCF − Capex | $-450.8M | $23.2M |
| FCF MarginFCF / Revenue | -565.1% | 29.6% |
| Capex IntensityCapex / Revenue | 914.0% | 0.1% |
| Cash ConversionOCF / Net Profit | 1.30× | — |
| TTM Free Cash FlowTrailing 4 quarters | $-779.8M | $90.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $278.3M | $23.3M | ||
| Q3 25 | $131.8M | $32.2M | ||
| Q2 25 | $34.0M | $33.1M | ||
| Q1 25 | $-45.0M | $2.5M | ||
| Q4 24 | $42.9M | $34.3M | ||
| Q3 24 | $5.7M | $60.1M | ||
| Q2 24 | $1.2M | $31.0M | ||
| Q1 24 | $22.2M | $24.8M |
| Q4 25 | $-450.8M | $23.2M | ||
| Q3 25 | $-112.7M | $32.1M | ||
| Q2 25 | $-87.3M | $33.0M | ||
| Q1 25 | $-129.0M | $2.4M | ||
| Q4 24 | $-52.1M | $34.0M | ||
| Q3 24 | $-25.5M | $59.8M | ||
| Q2 24 | $-1.9M | $30.5M | ||
| Q1 24 | $-9.7M | $24.7M |
| Q4 25 | -565.1% | 29.6% | ||
| Q3 25 | -139.0% | 41.3% | ||
| Q2 25 | -111.0% | 43.6% | ||
| Q1 25 | -162.2% | 3.0% | ||
| Q4 24 | -54.8% | 43.5% | ||
| Q3 24 | -26.7% | 75.6% | ||
| Q2 24 | -1.4% | 40.7% | ||
| Q1 24 | -5.4% | 30.6% |
| Q4 25 | 914.0% | 0.1% | ||
| Q3 25 | 301.5% | 0.2% | ||
| Q2 25 | 154.2% | 0.1% | ||
| Q1 25 | 105.6% | 0.2% | ||
| Q4 24 | 100.0% | 0.3% | ||
| Q3 24 | 32.7% | 0.3% | ||
| Q2 24 | 2.2% | 0.6% | ||
| Q1 24 | 17.8% | 0.1% |
| Q4 25 | 1.30× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | -0.08× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 18.52× | ||
| 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% |
RPAY
| Sales Channel Directly To Consumer | $69.4M | 88% |
| Other | $6.8M | 9% |
| Sales Channel Through Intermediary | $2.3M | 3% |
