Core Scientific, Inc./tx (CORZW)
Core Scientific, Inc. delivers essential infrastructure and services for the burgeoning blockchain and artificial intelligence (AI) sectors throughout the United States. The company is actively involved in the development, ownership, and operation of eco-friendly computing facilities, specifically designed to power both blockchain and AI workloads. In addition to providing these foundational services, Core Scientific also conducts its own digital asset mining operations. It offers hosting and co-location services for external clients engaged in digital asset mining, various blockchain applications, and AI initiatives. Expanding its technological footprint, the firm contributes to the creation of new blockchain networks and provides advanced data science and Machine Learning Operations (MLOps) expertise to tackle diverse AI-related challenges. Core Scientific, Inc. maintains its primary operational base in Austin, Texas.
Sector: Finance Services
Industry: Software - Infrastructure
Core Scientific, Inc.
-1.69%$6.38
Mkt Cap$2.05B
Float258.97M
O/S321.34M
Inst Own-
SI0.4%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$319.02M
Net Income-$288.62M
Total Assets$2.35B
Free Cash Flow-$450.75M
Debt & Equity
Debt 1087%
Total Debt$1.06B
Total Equity-$962.74M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in CORZW's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$2.35B
Liabilities$3.31B
Accounts Receivable$337.16M
Accounts Payable$126.11M
Inventory$0
PP&E (Net)$1.4B
Goodwill$0
Intangible Assets$0
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Revenue | $319.02M | $510.67M | $502.4M | $640.31M | $544.48M | $60.32M | $59.52M |
| YoY Growth | -37.5% | 1.6% | -21.5% | 17.6% | 802.7% | 1.3% | - |
| Cost of Revenue | $281.12M | $389.6M | $378.94M | $631.91M | $305.62M | $50.93M | $49M |
| Gross Profit | $37.9M | $121.07M | $123.46M | $8.4M | $238.86M | $9.39M | $10.53M |
| Gross Margin | 11.9% | 23.7% | 24.6% | 1.3% | 43.9% | 15.6% | 17.7% |
| Research and Development | $0 | $11.83M | $7.18M | $26.96M | $7.67M | $5.27M | $5.48M |
| Selling, General, and Administrative | $182.6M | $120.42M | $100.93M | $226.01M | $64.55M | $16.32M | $17.54M |
| Other | $79.85M | $8.02M | $6.39M | $1.86B | $0 | -$5.88M | $0 |
| Total Operating Expenses | $262.45M | $140.27M | $114.5M | $2.12B | $72.22M | $15.72M | $23.02M |
| Operating Income (EBIT) | -$224.55M | -$19.2M | $8.96M | -$2.11B | $166.64M | -$6.33M | -$11.69M |
| Operating Margin | -70.4% | -3.8% | 1.8% | -329.5% | 30.6% | -10.5% | -19.6% |
| Interest Expense | $0 | $37.07M | $86.24M | $96.83M | $44.35M | $4.44M | $235K |
| Interest Income | $3.28M | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Income (Expense) | -$63.48M | -$1.29B | -$254.76M | -$53.86M | -$103.56M | -$5.88M | -$235K |
| Income Before Tax (EBT) | -$288.03M | -$1.31B | -$245.8M | -$2.16B | $63.08M | -$12.21M | -$11.92M |
| Income Tax Expense | $583K | $859K | $683K | -$17.09M | $15.76M | $0 | $0 |
| Net Income | -$288.62M | -$1.32B | -$246.49M | -$2.15B | $47.31M | -$12.21M | -$11.92M |
| Net Income Margin | -90.5% | -257.5% | -49.1% | -335.2% | 8.7% | -20.2% | -20.0% |
| Supplementary Data | |||||||
| EPS | -0.88 | -5.14 | -0.65 | -6.30 | 0.23 | -0.06 | -0.28 |
| Diluted EPS | -0.88 | -5.14 | -0.65 | -6.30 | 0.20 | -0.06 | -0.28 |
| Weighted Average OS | 318.07M | 255.83M | 379.86M | 340.65M | 207.26M | 379.86M | 379.86M |
| EBITDA | -$207.85M | -$1.16B | -$63.12M | -$1.84B | $140.79M | $1.63M | -$5.57M |
| EBITDA Margin | -65.2% | -226.6% | -12.6% | -287.4% | 25.9% | 2.7% | -9.4% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Assets | |||||||
| Current Assets | |||||||
| Cash and Cash Equivalents | $311.38M | $836.2M | $50.41M | $15.88M | $117.87M | $8.67M | $6.66M |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $311.38M | $836.2M | $50.41M | $15.88M | $117.87M | $8.67M | $6.66M |
| Accounts Receivable | $337.16M | $1.02M | $7.16M | $3.54M | $1.68M | $1.11M | $287K |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | $247M | $66.74M | $24.59M | $37.38M | $250.35M | $59.93M | $1.41M |
| Total Current Assets | $895.54M | $903.96M | $97.02M | $85.1M | $756.56M | $70.92M | $11.05M |
| Long-Term Assets | |||||||
| Property, Plant & Equipment Net | $1.4B | $670.81M | $593.27M | $711.56M | $599.76M | $85.24M | $81.3M |
| Goodwill | $0 | $0 | $0 | $0 | $1.06B | $58.24M | $58.24M |
| Intangible Assets | $0 | $0 | $2.25M | $1.7M | $8.2M | $6.67M | $3.98M |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $50.32M | $24.04M | $19.62M | $9.32M | $18.59M | $4.5M | $7.45M |
| Total Long-Term Assets | $1.45B | $694.85M | $615.14M | $722.58M | $1.68B | $154.66M | $150.96M |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $2.35B | $1.6B | $712.16M | $807.69M | $2.44B | $225.58M | $162.01M |
| Liabilities | |||||||
| Current Liabilities | |||||||
| Accounts Payable | $126.11M | $19.27M | $154.75M | $53.64M | $11.62M | $3.06M | $7.5M |
| Short-Term Debt | $0 | $16.29M | $124.36M | $36.24M | $76M | $16.02M | $648K |
| Current Income Tax Payable | $0 | $0 | $3.69M | $4.72M | $5.74M | $0 | $0 |
| Current Unearned Revenue | $127.56M | $18.13M | $9.83M | $78.19M | $141.93M | $0 | $0 |
| Other Current Liabilities | $527.73M | $4.56M | $6.78M | $1.64M | $4.39M | $47.49M | $8.69M |
| Total Current Liabilities | $781.4M | $134.56M | $488.42M | $186.79M | $320.29M | $69.65M | $19.47M |
| Long-Term Liabilities | |||||||
| Long-Term Debt | $1.06B | $1.07B | $684.08M | $0 | $652.21M | $19.86M | $2.09M |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $1.47B | $1.11B | $99.33M | $1.03B | $63.01M | $103K | $1.41M |
| Total Long-Term Liabilities | $2.53B | $2.28B | $820.67M | $1.03B | $777.37M | $22.23M | $6.69M |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $3.31B | $2.42B | $1.31B | $1.22B | $1.1B | $91.88M | $26.16M |
| Stockholders' Equity | |||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $44.48M | $29.53M |
| Common Stock | $3K | $3K | $36K | $36K | $27K | $1K | $1K |
| Retained Earnings | -$4.15B | -$3.74B | -$2.42B | -$2.17B | -$27.43M | -$74.74M | -$62.54M |
| Comprehensive Income & Other | $0 | $0 | $0 | $0 | -$10.97M | $0 | -$0 |
| Other Stockholders' Equity | $3.18B | $2.92B | $1.82B | $1.76B | $1.37B | $208.44M | $198.39M |
| Total Equity | -$962.74M | -$820.18M | -$596.94M | -$409.35M | $1.34B | $133.7M | $135.85M |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $2.35B | $1.6B | $712.16M | $807.69M | $2.44B | $225.58M | $162.01M |
| Supplementary Data | |||||||
| Total Debt | $1.06B | $1.2B | $865.54M | $37.73M | $818.81M | $40.29M | $7.49M |
| Net Debt | $748.95M | $363.57M | $815.14M | $21.85M | $700.93M | $31.62M | $837K |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
| Operating Activities | ||||||
| Net Income | -$288.62M | -$1.32B | -$246.49M | -$2.15B | $47.31M | -$12.21M |
| Depreciation & Amortization | $80.18M | $120.12M | $96.44M | $226.09M | $33.36M | $9.4M |
| Deferred Income Tax | $0 | $0 | $0 | -$18.52M | $9.53M | $0 |
| Stock-Based Compensation | $98.24M | $51.92M | $58.89M | $182.89M | $38.94M | $3.04M |
| Changes in Working Capital: | ||||||
| Accounts Receivable | $16.22M | $659K | -$744K | -$7.58M | -$7.41M | -$1.55M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | $10.78M | -$12.27M | $118.6M | $26.71M | -$21.99M | -$1.77M |
| Other Working Capital | $497.53M | -$16.02M | $433.18M | $59.47M | -$20.12M | -$17.81M |
| Total Working Capital Change | $524.53M | -$27.64M | $551.03M | $78.61M | -$49.52M | -$21.13M |
| Other Non-Cash Items | -$136.08M | $1.21B | -$394.77M | $1.88B | -$136.36M | -$2.87M |
| Net Cash from Operating | $278.25M | $42.9M | $65.11M | $205.19M | -$56.73M | -$23.77M |
| Investing Activities | ||||||
| Capital Expenditures | -$729M | -$94.96M | -$16.16M | -$601.66M | -$345M | -$1.57M |
| Acquisitions | $0 | $0 | $0 | $10.85M | -$365.21M | -$13.67M |
| Purchases of Investments | -$5M | $0 | $0 | $0 | -$59.27M | $0 |
| Sales of Investments | $0 | $0 | $0 | $10.85M | $0 | $0 |
| Other Investing Activities | -$6.75M | -$231K | $13.16M | -$10.82M | $345.64M | $92K |
| Net Cash from Investing | -$740.75M | -$95.19M | -$3M | -$590.78M | -$423.84M | -$15.14M |
| Financing Activities | ||||||
| Debt Repaid | $10.29M | -$766.91M | $44.65M | -$117.74M | -$613.7M | -$38.08M |
| Common Stock Issuance | $6.91M | $55M | $0 | $0 | $671.26M | $0 |
| Common Stock Repurchases | $0 | $0 | $0 | -$31.65M | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | -$59.73M | -$2.34M | -$3.66M | $220.06M | -$681.43M | $2.64M |
| Net Cash from Financing | -$63.1M | $819.57M | -$44.65M | $306.15M | $603.53M | $40.72M |
| Forex Effect | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | -$525.6M | $767.27M | $17.47M | -$79.44M | $122.96M | $1.81M |
| Supplementary Data | ||||||
| Operating Cash Flow | $278.25M | $42.9M | $65.11M | $205.19M | -$56.73M | -$23.77M |
| Capital Expenditure | -$729M | -$94.96M | -$16.16M | -$601.66M | -$59.27M | -$1.57M |
| Free Cash Flow | -$450.75M | -$52.06M | $48.95M | -$396.47M | -$116.01M | -$25.33M |
| Cash at Beginning | $836.98M | $69.71M | $52.24M | $131.68M | $8.72M | $6.91M |
| Cash at End | $311.38M | $836.98M | $69.71M | $52.24M | $131.68M | $8.72M |