Core Scientific, Inc./tx

Listed Company

CORZCIK 0001839341NasdaqLarge AcceleratedFinance ServicesDelawareFY ends Dec 31

Period

FY 2025

Revenue

$319.02M

Net Income

$-288.62M

Total Assets

$2.35B

Equity

$-962.74M

Shares Out

317.89M

Op. Cash Flow

$278.25M

CORZ$20.94+55.23% · past yearDBEQ Basic

Daily closing prices

Business

Core Scientific designs, builds and operates large-scale, purpose-built data centers optimized for power-intensive, mission-critical computing workloads with a focus on artificial intelligence and high-performance computing applications. The company provides high-density colocation services to third-party customers and operates digital asset mining for its own account and for hosted customers. Core Scientific owns or leases ten data centers across seven U.S. states with approximately 920 megawatts of total leasable customer power capacity.

Summary from 10-K filed 2026-03-02

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Total revenue	319	511	502	640	544
Total cost of revenue	281	390	379	632	306
Gross profit	38	121	123	8	239
Decrease in fair value of digital assets	32	1	0	0	—
Gain from sale of digital assets	0	0	−4	44	—
Impairment of digital assets	0	0	4	−231	−37
Decrease in fair value of energy derivatives	0	3	4	0	0
Loss on disposal of property, plant and equipment	10	4	2	−28	−118,000
Impairment of property, plant and equipment	11	123	0	−591	0
Colocation organizational and site startup costs	48	14	0	—	—
Advisor fees	23	5	0	—	—
Selling, general and administrative	159	114	108	—	—
Operating (loss) income	−246	−142	9	−2,110	131
Loss (gain) on debt extinguishment	2	487,000	−20	287,000	8
Interest (income) expense, net	−3	37	86	97	44
Change in fair value of warrants and contingent value rights	33	1,369	0	−38	—
Reorganization items, net	0	−111	191	−197	0
Loss on legal settlements	11	2	0	0	−3
Other non-operating expense (income), net	39,000	−2	−3	5	2,000
Total non-operating expense, net	42	1,295	255	54	68
Loss before income taxes	−288	−1,437	−246	−2,163	63
Income tax expense	600,000	900,000	700,000	−17	16
Net loss	−289	−1,438	−246	−2,146	47
Net loss per share, basic (in dollars per share)	−0.88	−4.87	−0.65	−6.3	0.23
Net loss per share, diluted (in dollars per share)	−0.88	−4.87	−0.65	−6.3	0.2
Weighted average shares outstanding, basic (in shares)	318	256	380	341	207
Weighted average shares outstanding, diluted (in shares)	318	256	380	341	233

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	311	836	50	16	118
Restricted cash	0	783,000	19	36	14
Digital assets	222	24	2	724,000	—
Customer funding receivable and other current assets	362	43	—	—	—
Total Current Assets	896	904	97	85	757
Property, plant and equipment, net	1,293	433	—	—	—
Operating lease right-of-use assets	108	114	8	20	7
Other noncurrent assets	50	24	22	9	21
Total Assets	2,348	1,476	712	808	2,439
Accounts payable	126	19	155	54	12
Accrued expenses	512	65	180	18	68
Deferred revenue	128	18	—	—	—
Other current liabilities	16	32	—	—	—
Total Current Liabilities	781	135	488	187	320
Convertible and other notes payable, net of current portion	1,060	1,074	684	0	652
Warrant liabilities	936	1,097	0	—	49
Deferred revenue, net of current portion	428	0	—	—	—
Other noncurrent liabilities	104	113	0	2	19
Total Liabilities	3,310	2,419	1,309	1,217	1,053
Commitments and contingencies (Note 11)	—	—	—	—	—
Preferred stock; $0.00001 par value; 2,000,000 shares authorized; none issued and outstanding at December 31, 2025 and December 31, 2024	0	0	0	—	—
Common stock; $0.00001 par value; 10,000,000 shares authorized at December 31, 2025 and December 31, 2024; 314,231 and 292,606 shares issued and outstanding at December 31, 2025 and December 31, 2024, respectively	3,000	3,000	36,000	36,000	27,000
Additional paid-in capital	3,184	2,915	1,823	1,764	1,380
Accumulated deficit	−4,147	−3,858	−2,420	−2,174	−27
Total Stockholders Deficit	−963	−943	−597	−409	1,341
Total Liabilities and Stockholders Deficit	2,348	1,476	712	808	2,439

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation and amortization	69	113	96	225	33
Change in right-of-use assets	11	7	442,000	834,000	0
Stock-based compensation	98	52	59	183	39
Digital asset self-mining	−230	−425	−407	−398	—
Proceeds from sale of digital assets generated by self-mining and shared hosting revenues	0	402	405	444	—
Gain from sale of digital assets	0	0	−4	−44	—
Change in fair value of energy derivatives	0	−2	0	0	—
Decrease in fair value of contingent value rights	−906,000	−82	0	0	—
Loss on issuance of notes payable through settlements	0	0	9	0	0
Amortization of debt discount	6	4	752,000	7	1
Non-cash reorganization items	0	−144	0	−200	—
Non-cash PIK interest expense	0	4	0	0	7
Accounts receivable, net	0	659,000	−767,000	−8	−7
Accounts receivable from related parties	0	0	23,000	277,000	16,000
Deposits for equipment for sales to customers	0	0	−2	50	−244
Customer funding receivable and other current assets	16	−20	−18	52	−34
Accounts payable	11	−12	119	27	−22
Accrued expenses	−17	2	130	17	56
Other noncurrent assets and liabilities, net	−23	−6	−13	−4	−6
Net cash provided by operating activities	278	43	65	205	−57
Purchases of property, plant and equipment	−729	−95	−16	−384	0
Proceeds from sales of property and equipment	3	0	0	0	0
Proceeds from sale of Cedarvale	0	0	14	—	—
Purchase of equity investments	−5	0	0	—	—
Investments in intangible assets	−10	−231,000	−833,000	—	—
Net cash used in investing activities	−741	−95	−3	−591	−424
Principal repayments of finance leases	−2	−6	−4	−30	−8
Principal payments on debt	−9	−305	−41	−113	−49
Debt extinguishment payments	−28	0	0	—	—
Taxes paid related to net share settlement of equity awards	−32	0	0	—	—
Proceeds from issuance of new common stock	0	55	0	0	—
Proceeds from draw from exit facility	0	20	0	0	—
Restricted stock tax holding obligations	0	−3	0	0	0
Proceeds from exercise of warrants	7	5	0	—	—
Proceeds from exercise of stock options	0	9,000	0	25	—
Net cash (used in) provided by financing activities	−63	820	−45	306	604
Net (decrease) increase in cash, cash equivalents and restricted cash	−526	767	17	−79	123

Filings

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Frequently asked questions

What is Core Scientific, Inc./tx's CIK number?

Core Scientific, Inc./tx's SEC CIK number is 0001839341 (1839341). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.

Where can I find Core Scientific, Inc./tx's SEC filings?

All of Core Scientific, Inc./tx's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.

When did Core Scientific, Inc./tx last report earnings?

Core Scientific, Inc./tx (CORZ) most recently filed an earnings 8-K with the SEC on May 6, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001628280-26-031246). This is Core Scientific, Inc./tx's most recent earnings filing of record — not a forecast of its next earnings date.

What is Core Scientific, Inc./tx's most recent earnings 8-K?

Core Scientific, Inc./tx's latest earnings 8-K (Item 2.02) was filed May 6, 2026 under accession 0001628280-26-031246. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.

View Core Scientific, Inc./tx's latest earnings 8-K →
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