Core Scientific, Inc./tx (CORZ) AI Stock Summary

Snapshot

Core Scientific is a technology company focused on digital asset mining and colocation services. In FY 2025, it reported $319.0 million in revenue (down 37.5% YoY), a gross profit of $37.9 million (11.9% margin), and a net loss of $288.6 million. The company's operating cash flow was $278.3 million, but it spent $729.0 million on capital expenditures, resulting in a negative free cash flow of $450.8 million. Core Scientific holds $311.4 million in cash and has $1.06 billion in total debt. The significant dilution (24.3% increase in share count YoY) and high leverage (6.36 beta) are concerning, especially given the recent Q1 earnings miss and the large net loss.

What's Happening Right Now

• Thu 7th May '26 · Earnings: Core Scientific reported Q1 2026 revenue of $115.2 million, up from $79.5 million last year, but missed EPS estimates.
• Wed 22nd Apr '26 · Debt: Core Scientific priced a $3.3 billion offering of senior secured notes due 2031.
• Mon 23rd Mar '26 · Momentum: Core Scientific's stock momentum surged despite a Q1 earnings miss, driven by its strategic pivot.
• Thu 5th Mar '26 · Financing: Core Scientific secured a $500 million 364-day loan facility from Morgan Stanley, with potential to increase to $1 billion.
• Mon 16th Feb '26 · Expansion: Core Scientific plans to expand its Muskogee, Oklahoma campus to 1.5 GW of gross power, including a $233 million acquisition of Polaris DS LLC.

Ownership

Institutions hold 100.0% of Core Scientific's shares, while insiders own 3.0%.

Bottom Line

Core Scientific is a company in a challenging financial position. Despite generating positive operating cash flow, the significant capital expenditures and net losses indicate a business under strain. The recent Q1 earnings miss and high leverage (6.36 beta) add to the concerns. The stock is trading in the upper portion of its 52-week range, which may reflect the market's skepticism about the company's ability to turn around its financials. A reader would need to believe in a strong recovery in 2026 to see a positive case here.