Core Scientific, Inc. logo CORZ - Core Scientific, Inc.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 19
HOLD 3
SELL 0
STRONG
SELL
0
| PRICE TARGET: $31.60 DETAILS
HIGH: $37.00
LOW: $29.00
MEDIAN: $30.00
CONSENSUS: $31.60
UPSIDE: 25.10%
Metric 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3
Revenue
Revenue 115.2 79.8 81.1 78.6 79.5 94.9 95.4 141.1 179.3 141.9 112.9 126.9 120.7 121.2 162.6 164.0 192.5 301.8 113.1
Cost of Revenue 85.5 59.0 77.3 73.6 71.3 90.2 95.5 102.3 101.6 102.6 97.5 90.0 88.9 168.5 189.6 151.3 122.5 160.4 54.7
Gross Profit 29.7 20.9 3.8 5.0 8.2 4.8 (0.2) 38.8 77.6 39.3 15.4 37.0 31.8 (47.2) (27.1) 12.7 70.0 141.4 58.4
Operating Expenses
R&D Expenses 0 0 0 0 0 5.0 2.8 2.2 1.8 1.9 2.3 1.6 1.4 2.7 6.2 14.8 3.3 3.4 1.6
SG&A Expenses 53.5 35.0 69.2 56.9 44.6 38.6 37.5 31.4 16.9 28.1 24.6 25.5 22.8 40.0 43.4 101.1 41.6 15.4 37.3
Other Expenses 0 (27.1) 0 (25.6) 10.7 1.0 0.7 (1.3) 3.7 5.4 0.7 0.4 (0.0) 546.2 324.7 942.2 51.8 0 0
Operating Expenses 53.5 7.9 69.2 31.3 55.2 44.5 41.1 32.2 22.4 35.4 27.5 27.5 24.2 588.8 374.3 1,058.1 96.7 18.8 38.9
Operating Income
Operating Income (23.7) 13.0 (65.4) (26.3) (47.0) (39.8) (41.2) 6.6 55.2 3.9 (12.0) 9.5 7.6 (636.1) (401.4) (1,045.4) (26.7) 122.5 19.5
Interest Expense 4.9 0.9 0 0 0 1.1 7.1 14.8 14.1 83.9 2.2 0 0.2 22.1 25.9 27.1 21.7 17.8 13.6
Interest Income 0 0 0.8 1.2 2.2 0 0 0 0 0 0 0.0 0 0 0 0 0 0 0
Profitability
EBITDA (3.9) 221.0 (127.5) (0.6) (24.6) (234.9) (418.3) 38.3 254.8 (80.5) (14.4) 30.6 20.2 (365.1) (333.3) (53.3) (359.9) 118.4 3.0
EBIT (23.7) 215.2 (146.5) (22.1) (47.0) (264.0) (448.1) 6.8 225.0 (111.4) (38.8) 9.8 (0.1) (434.2) (398.2) (103.2) (402.1) 97.9 (3.9)
Income Before Tax (346.6) 214.2 (146.5) (936.6) 576.5 (265.2) (455.1) (804.8) 210.9 (195.4) (41.0) (9.1) (0.3) (456.3) (424.1) (859.1) (423.8) 77.0 (17.4)
Income Tax Expense 0.6 0.1 0.1 0.2 0.2 0.4 0.1 0.1 0.2 0.3 0.1 0.1 0.1 (21.5) 10.6 (48.6) 42.4 16.5 (0.8)
Net Income (347.2) 214.2 (146.7) (936.8) 576.3 (265.5) (455.3) (804.9) 210.7 (195.7) (41.1) (9.3) (0.4) (434.8) (434.8) (810.5) (466.2) 60.5 (16.6)
Per Share Data
EPS (Basic) -1.06 0.60 -0.46 -0.04 -0.17 -0.69 -1.56 -4.51 0.91 -0.51 -0.11 -0.02 -0.00 -1.16 -1.23 -2.49 -1.52 0.22 -0.07
EPS (Diluted) -1.06 0.67 -0.46 -0.04 1.24 -0.60 -1.56 -2.80 0.75 -0.51 -0.11 -0.02 -0.00 -1.16 -1.23 -2.49 -1.52 0.22 -0.07
Shares Outstanding 322.9 319.6 318.6 318.0 315.2 306.1 292.5 338.8 338.8 385.1 382.5 375.8 375.4 375.2 354.2 325.0 307.5 271.6 237.0
Metric 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3
Current Assets
Cash & Cash Equivalents 1,005.1 311.4 453.4 581.3 697.9 836.2 253.0 96.1 98.1 50.4 63.9 76.8 47.5 15.9 29.5 128.5 96.4 117.9 147.9
Short-Term Investments 0 0 0 0 0 0 0 0 0 0 0.6 0.3 0 0 0 0 0 0 0
Net Receivables 0 0 0 250.6 1.0 1.0 6.2 4.7 1.1 7.2 2.0 2.3 0.2 3.5 3.1 3.5 0.5 1.7 0.9
Inventory 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Current Assets 449.7 584.2 607.6 172.8 134.2 66.7 18.6 1.8 44.1 24.6 68.2 31.9 21.8 37.4 27.8 218.3 609.6 250.4 608.2
Total Current Assets 1,454.8 895.5 1,061.0 1,004.8 833.2 904.0 277.9 117.9 143.3 97.0 134.7 111.2 100.2 85.1 213.6 511.6 808.2 756.6 757.0
Non-Current Assets
Property, Plant & Equipment 1,450.9 1,401.8 1,186.6 937.2 761.5 670.8 625.2 625.8 653.7 593.3 553.9 627.9 648.3 711.6 1,156.4 1,055.5 826.7 599.8 219.8
Goodwill 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 266.0 1,055.8 1,055.8 1,107.0
Intangible Assets 0 0 0 0 0 0 0 0 2.1 2.2 2.4 2.5 2.2 1.7 1.4 3.6 5.5 8.2 8.7
Long-Term Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Assets 163.8 50.3 48.4 36.1 30.7 24.0 18.8 17.8 14.8 19.6 14.4 9.3 9.4 9.3 32.7 8.5 7.9 18.6 14.1
Total Non-Current Assets 1,614.7 1,452.1 1,234.9 973.3 792.2 694.9 644.0 643.6 670.6 615.1 570.7 639.7 659.8 722.6 1,190.4 1,333.6 1,895.8 1,682.3 1,349.6
Total Assets 3,069.6 2,347.6 2,296.0 1,978.1 1,625.4 1,598.8 921.9 761.5 814.0 712.2 705.5 750.9 760.0 807.7 1,404.0 1,845.2 2,704.0 2,438.9 2,106.6
Current Liabilities
Account Payables 218.9 126.1 212.2 215.1 6.3 19.3 6.5 8.5 16.2 154.8 45.5 54.0 80.1 53.6 43.6 31.3 15.6 11.6 28.8
Short-Term Debt 993.9 0 0 1.6 16.2 16.3 17.9 18.4 23.3 124.4 148.4 28.1 35.6 36.2 977.6 217.7 110.2 76.0 25.2
Deferred Revenue 219.6 127.6 83.7 0 60.9 18.1 9.9 0 9.2 9.8 63.2 64.0 0 78.2 87.2 0 0 141.9 0
Other Current Liabilities 1,229.4 527.7 373.9 154.5 5.5 17.6 0.5 10.9 15.5 6.8 55.6 41.3 88.7 1.6 5.3 114.6 181.7 4.4 206.1
Total Current Liabilities 2,661.8 781.4 669.9 562.7 195.5 134.6 76.5 74.8 138.1 488.4 312.7 187.4 302.2 186.8 1,289.0 516.6 414.7 320.3 297.7
Non-Current Liabilities
Long-Term Debt 1,061.7 1,060.3 1,059.0 1,057.7 1,071.8 1,074.0 474.6 526.8 556.6 684.1 679.6 0.0 818.6 0 0 852.3 1,052.5 652.2 471.9
Deferred Tax Liabilities 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Liabilities 651.8 1,468.7 1,695.1 1,330.1 444.6 1,112.6 1,034.8 1,176.1 367.6 99.3 95.0 954.9 2.2 1,029.5 42.0 10.0 52.5 63.0 2.0
Total Non-Current Liabilities 1,713.5 2,529.0 2,754.1 2,480.0 1,611.4 2,284.4 1,574.7 1,770.5 994.3 820.7 811.5 955.9 866.5 1,030.2 42.0 912.2 1,162.6 777.4 475.4
Total Liabilities 4,375.2 3,310.4 3,423.9 3,042.7 1,806.9 2,419.0 1,651.2 1,845.3 1,132.5 1,309.1 1,124.2 1,143.3 1,168.8 1,217.0 1,331.0 1,428.7 1,577.3 1,097.7 773.2
Stockholders' Equity
Common Stock 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Retained Earnings (4,493.9) (4,146.7) (4,238.0) (4,091.3) (3,154.5) (3,735.2) (3,469.7) (3,014.4) (2,209.5) (2,420.2) (2,224.5) (2,183.4) (2,185.4) (2,173.8) (1,738.9) (1,304.1) (493.6) (27.4) (87.9)
Accumulated Other Comprehensive Income 0 0 0 0 0 0 0 0 0 0 0 0 0 0 72.6 24.8 16.2 (11.0) (8.6)
Total Stockholders' Equity (1,305.7) (962.7) (1,128.0) (1,064.7) (181.5) (820.2) (729.4) (1,083.9) (318.5) (596.9) (418.7) (392.4) (408.8) (409.3) 73.0 416.5 1,126.7 1,341.2 1,333.4
Total Liabilities & Equity 3,069.6 2,347.6 2,296.0 1,978.1 1,625.4 1,598.8 921.9 761.5 814.0 712.2 705.5 750.9 760.0 807.7 1,404.0 1,845.2 2,704.0 2,438.9 2,106.6
Debt Metrics
Total Debt 2,055.6 1,060.3 1,059.0 1,162.5 1,194.2 1,199.8 567.7 620.9 655.7 865.5 864.9 29.2 939.2 37.7 1,050.6 1,148.5 1,254.9 818.8 501.2
Net Debt 1,050.4 748.9 605.6 581.1 496.2 363.6 314.7 524.8 557.6 815.1 800.9 (47.6) 891.7 21.8 1,021.1 1,019.9 1,158.5 700.9 353.3
Metric 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3
Operating Activities
Net Income (342.4) 214.2 (146.7) (936.8) 580.7 (184.8) (455.3) (804.9) 210.7 (195.7) (41.1) (9.3) (0.4) (434.8) (434.8) (810.5) (466.2) 60.5 (18.7)
Depreciation & Amortization 19.8 5.8 19.2 21.5 22.4 29.2 29.7 31.5 29.8 30.9 24.5 20.7 20.3 69.1 64.9 49.9 42.2 20.5 0
Stock-Based Compensation 0 27.9 29.9 24.2 16.2 0 20.5 8.5 (1.1) 17.5 14.9 14.3 12.3 16.3 29.8 111.0 25.8 0 0
Change in Working Capital 62.2 189.0 218.8 100.1 16.6 (306.6) 329.4 79.1 133.5 265.5 90.0 89.0 106.6 220.5 18.6 209.6 55.0 113.9 2.1
Other Non-Cash Items 510.3 (283.9) 10.5 825.0 (676.5) 476.1 81.3 687.1 (350.7) (96.5) (82.8) (96.7) (118.8) 266.8 257.5 627.4 305.6 (91.1) 16.2
Operating Cash Flow 249.9 153.1 131.8 34 (40.6) 13.8 5.7 1.2 22.2 21.7 5.4 18.0 19.9 116.0 (52.1) 144.9 (3.6) 109.7 (0.4)
Investing Activities
Capital Expenditure (389.2) (274.8) (254.6) (121.3) (88.4) (28.8) (31.0) (3.1) (31.9) (11.6) (2.7) (0.9) (1.5) (140.2) (5.2) (187.1) (269.1) 116.1 0
Acquisitions 2.6 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (365.9) 0
Purchases of Investments 0 0 0 0 (5) 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Sales/Maturities of Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Investing Activities 0 1.5 (9.9) 1.7 (0.0) (0.0) (0.1) (0.0) (0.1) 14.0 (0.1) (0.4) (0.3) 0.7 (0.4) 10.6 0 0.8 0
Investing Cash Flow (386.7) (273.3) (254.4) (119.6) (93.5) (28.8) (31.2) (3.2) (32.0) 2.4 (2.9) (0.6) (1.9) (139.5) (5.7) (176.5) (269.1) (308.3) 0
Financing Activities
Net Debt Issuance 993.0 (27.5) (0.5) (5.3) (4.5) 1,040.3 180.7 (15.6) 2.7 (18.3) (15.4) (9.9) (1.0) 28.6 (54.4) (129.1) 56.5 (482.1) 223.1
Stock Repurchased 0 0 0 0 0 0 0 3.4 (3.4) 0 0 0 0 (0.0) (2.3) 0 0 0 0
Dividends Paid 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Financing Activities (21.7) 0.5 (4.8) (26.9) 0 (0.0) 1.5 (3.0) 0 0 0 0 0 220.1 (0.1) 216.3 0 (18.4) (223.1)
Financing Cash Flow 971.4 (21.8) (5.3) (31.8) (4.2) 598.2 182.2 (15.2) 54.4 (18.3) (15.4) (9.9) (1.0) 38.1 (45.1) 61.7 251.5 170.2 0
Cash Position
Net Change in Cash 754.0 (142.1) (127.9) (117.4) (138.3) 583.2 156.7 (17.2) 44.6 5.8 (12.8) 7.5 17.1 14.6 (102.8) 30.0 (21.2) 130.1 (0.4)
Cash at Beginning 311.4 453.4 581.3 698.7 837.0 253.8 97.1 114.3 69.7 63.9 76.8 69.3 52.2 37.6 140.5 110.4 131.7 1.6 2.0
Cash at End 1,065.4 311.4 453.4 581.3 698.7 837.0 253.8 97.1 114.3 69.7 63.9 76.8 69.3 52.2 37.6 140.5 110.4 131.7 1.6
Free Cash Flow (139.3) (121.7) (122.8) (87.3) (129.0) (15.0) (25.3) (1.9) (9.7) 10.1 2.7 17.1 18.4 (24.2) (57.3) (42.2) (272.7) 225.8 (0.4)
Key Metrics 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3
Income Statement
Revenue 115.2 79.8 81.1 78.6 79.5 94.9 95.4 141.1 179.3 141.9 112.9 126.9 120.7 121.2 162.6 164.0 192.5 301.8 113.1
Gross Profit 29.7 20.9 3.8 5.0 8.2 4.8 (0.2) 38.8 77.6 39.3 15.4 37.0 31.8 (47.2) (27.1) 12.7 70.0 141.4 58.4
Operating Income (23.7) 13.0 (65.4) (26.3) (47.0) (39.8) (41.2) 6.6 55.2 3.9 (12.0) 9.5 7.6 (636.1) (401.4) (1,045.4) (26.7) 122.5 19.5
Net Income (347.2) 214.2 (146.7) (936.8) 576.3 (265.5) (455.3) (804.9) 210.7 (195.7) (41.1) (9.3) (0.4) (434.8) (434.8) (810.5) (466.2) 60.5 (16.6)
EPS (Diluted) -1.06 0.67 -0.46 -0.04 1.24 -0.60 -1.56 -2.80 0.75 -0.51 -0.11 -0.02 -0.00 -1.16 -1.23 -2.49 -1.52 0.22 -0.07
Balance Sheet
Cash & Equivalents 1,005.1 311.4 453.4 581.3 697.9 836.2 253.0 96.1 98.1 50.4 63.9 76.8 47.5 15.9 29.5 128.5 96.4 117.9 147.9
Total Assets 3,069.6 2,347.6 2,296.0 1,978.1 1,625.4 1,598.8 921.9 761.5 814.0 712.2 705.5 750.9 760.0 807.7 1,404.0 1,845.2 2,704.0 2,438.9 2,106.6
Total Debt 2,055.6 1,060.3 1,059.0 1,162.5 1,194.2 1,199.8 567.7 620.9 655.7 865.5 864.9 29.2 939.2 37.7 1,050.6 1,148.5 1,254.9 818.8 501.2
Stockholders' Equity (1,305.7) (962.7) (1,128.0) (1,064.7) (181.5) (820.2) (729.4) (1,083.9) (318.5) (596.9) (418.7) (392.4) (408.8) (409.3) 73.0 416.5 1,126.7 1,341.2 1,333.4
Cash Flow
Operating Cash Flow 249.9 153.1 131.8 34 (40.6) 13.8 5.7 1.2 22.2 21.7 5.4 18.0 19.9 116.0 (52.1) 144.9 (3.6) 109.7 (0.4)
Capital Expenditure (389.2) (274.8) (254.6) (121.3) (88.4) (28.8) (31.0) (3.1) (31.9) (11.6) (2.7) (0.9) (1.5) (140.2) (5.2) (187.1) (269.1) 116.1 0
Free Cash Flow (139.3) (121.7) (122.8) (87.3) (129.0) (15.0) (25.3) (1.9) (9.7) 10.1 2.7 17.1 18.4 (24.2) (57.3) (42.2) (272.7) 225.8 (0.4)