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Core Scientific, Inc. CORZ R2KAI

Technology · Software - Infrastructure · United States
https://corescientific.com

Core Scientific, Inc. provides infrastructure for high-density colocation services and digital asset mining in the United States. It operates through three segments: Colocation, Digital Asset Self-Mining, and Digital Asset Hosted Mining. The company offers space, power, cooling, facilities operations, security, and other services to third-party customers to support workloads for machine learning and artificial intelligence; deployment, monitoring, troubleshooting, optimization, and maintenance of its customers' digital asset mining equipment; and electrical power, repair, and other infrastructure services for its customers to operate, maintain, and mine digital assets. It is also involved in the deployment and operation of its fleet of miners within its digital infrastructure as part of a pool of users that process transactions conducted on one or more blockchain networks to receive digital assets in the form of bitcoin. It also deploys and operates its fleet of miners within its digital infrastructure as part of a pool of users that process transactions conducted on one or more blockchain networks; and provides hosting services for digital asset mining customers, which include deployment, monitoring, trouble shooting, optimization, and maintenance of its customers' digital asset mining equipment. Core Scientific, Inc. was founded in 2017 and is headquartered in Dover, Delaware.

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$26.85
+152.11% 1Y

Market & Price

Market Cap
$8.54B
Current Price
$26.85
High / Low (52W)
$27.76 / $10.65
Beta
5.45

Valuation

Stock P/E
-
Industry PE
32.74
Forward P/E
85.24
PEG Ratio
-
Book Value
$-4.12
Price to Book
-6.52
P/S
24.06
EV/EBITDA
-100.12
Dividend Yield
-

Profitability & Returns

ROCE
-14.34%
ROE
-
ROA
-4.33%
Profit Margin
0.00%
Op Margin
-18.77%
EPS (Latest Qtr)
$-1.06
EPS (TTM)
$-3.36

Balance Sheet & Liquidity

Debt/Equity
-
Quick Ratio
0.38
Current Ratio
0.55
Debt
$2.16B
Total Assets
$2.35B
Current Assets
$895.54M
Working Capital
$114.14M

Ownership

Promoter Holding
3.38%
Chg in Prom Hold
-0.00%
FII / Inst Holding
124.54%
Chg in FII Hold
-0.01%

Financial Snapshot

Enterprise Value
$9.69B
Total Revenue (TTM)
$354.74M
EBITDA
$-96.74M
Free Cash Flow
$174.97M
Operating Cash Flow
$573.17M
Shares Outstanding
317.89M
Gross Margin
21.56%
Payout Ratio
0.00%

Growth (CAGR)

Revenue 5Y
-20.72%
Profit 5Y
28.85%
Revenue (YoY)
44.90%
Earnings (YoY)
-

PROS

  • Profit CAGR of 28.9% over 5 years.
  • Generates positive free cash flow.
  • In a confirmed uptrend (50-DMA above 200-DMA).

CONS

  • Revenue declined at -20.7% CAGR over 5 years.

* The pros and cons are auto-generated from financial metrics.

Price Chart

Robinhood TradingView StockAnalysis

Fundamental Growth

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Technology).

#NameCMP $P/E Mkt CapDiv Yld % ROCE %ROE % Rev CAGR 5Y %Profit CAGR 5Y %
1 CORZ Core Scientific, Inc. R2KAI 26.85 - $8.54B - -14.34% - -20.72% 28.85%
2 NVDA NVIDIA Corporation NDXSPXAI 211.14 32.38 $5.11T 0.47% 81.14% 114.29% 100.05% 201.80%
3 AAPL Apple Inc. NDXSPX 312.06 37.73 $4.58T 0.35% 68.72% 141.47% 1.81% 3.92%
4 MSFT Microsoft Corporation NDXSPXAI 450.24 26.82 $3.34T 0.81% 26.37% 34.01% 12.42% 11.87%
5 TSM Taiwan Semiconductor Manufacturing Company Limited AI 418.45 35.86 $2.17T 0.91% 32.04% 36.21% 18.94% 19.57%
6 MU Micron Technology, Inc. NDXSPXAI 971.00 45.87 $1.10T 0.06% 14.20% 39.82% 6.71% -0.57%
7 AMD Advanced Micro Devices, Inc. NDXSPXAI 516.10 172.61 $841.55B - 6.33% 8.06% 13.64% 48.64%
8 ORCL Oracle Corporation SPXAI 225.78 40.46 $649.35B 0.89% 13.07% 57.57% 10.59% 22.81%
9 ASML ASML Holding N.V. NDXAI 1,612.76 53.76 $621.59B 0.54% 43.81% 52.24% 15.55% 19.55%
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Quarterly Results

Figures in USD.

Metric Mar 2021Jun 2021Sep 2021Mar 2022Jun 2022Sep 2022Mar 2023Jun 2023Sep 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Revenue 54.25M75.30M113.14M192.52M163.97M162.57M120.66M126.91M112.90M179.29M141.10M--79.53M78.63M81.10M79.76M115.24M
Cost of Revenue -------------71.31M73.60M77.20M59.01M85.14M
Gross Profit 14.53M24.54M58.42M70.00M12.72M-27.08M31.78M36.96M15.42M77.65M38.82M--8.21M5.03M3.90M20.75M30.11M
Operating Expenses -------------55.24M27.14M58.40M126.11M60.40M
Operating Income 9.03M15.53M4.78M-26.72M-1.05B-401.37M7.60M9.47M-12.04M55.23M6.58M---47.03M-22.12M-54.49M-105.35M-30.30M
EBITDA --------------24.62M-634.00K-35.32M-88.23M-321.91M
Interest Expense -----------7.07M1.14M----4.86M
Pretax Income -------------576.46M-936.64M-143.90M214.25M-346.59M
Tax Provision -------------205.00K158.00K125.00K95.00K600.00K
Net Income 6.85M-3.41M-16.63M-466.20M-810.48M-434.79M-388.00K-9.26M-41.15M210.69M-804.90M--576.25M-936.80M-144.03M214.15M-347.19M
Diluted EPS 0.04-0.02-0.07-1.52-2.49-1.230.00-0.02-0.110.78-4.51--1.25-0.04-0.460.42-1.06
R&D Expense 1.21M1.44M1.59M3.34M14.77M6.19M1.42M1.64M2.25M1.80M2.17M2.84M------

Profit & Loss (Annual)

Figures in USD.

Metric Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Revenue 60.32M-640.31M502.40M510.67M319.02M
Cost of Revenue --631.91M378.94M389.60M281.12M
Gross Profit 9.39M-8.40M123.46M121.07M37.90M
Operating Expenses --252.97M108.11M133.30M262.45M
Operating Income -6.33M--244.57M15.35M-12.23M-224.55M
EBITDA ---1.84B-63.12M-1.28B-144.37M
Interest Expense -44.35M96.83M86.24M37.07M-
Pretax Income ---2.16B-245.80M-1.44B-288.03M
Tax Provision ---17.09M683.00K859.00K583.00K
Net Income -12.21M--2.15B-246.49M-1.44B-288.62M
Diluted EPS -0.14--6.30-0.65-4.39-0.88
R&D Expense 5.27M7.67M26.96M7.18M11.83M-

Compounded Sales Growth

5 Years:-20.72%
1 Year:44.90%

Compounded Profit Growth

5 Years:28.85%
1 Year:-

Stock Price Performance

1 Year:+152.11%
6 Months:+72.67%
3 Months:+58.22%
1 Month:+37.27%

Balance Sheet (Annual)

Figures in USD.

Metric Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Total Assets -15.00K-807.69M712.16M1.48B2.35B
Current Assets ---85.10M97.02M903.96M895.54M
Cash & Equivalents ---15.88M50.41M836.20M311.38M
Inventory -------
Receivables ---257.00K1.00M7.44M337.16M
Total Liabilities -400-1.22B1.31B2.42B3.31B
Current Liabilities -400-186.79M488.42M134.56M781.40M
Long Term Debt --652.21M-684.08M1.07B1.06B
Total Debt ---37.73M865.54M1.18B1.16B
Total Equity 106.33M89.22M--409.35M-596.94M-943.05M-962.74M
Shares Outstanding ---375.23M185.00M292.61M314.23M

Cash Flows (Annual)

Figures in USD.

Metric Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Operating Cash Flow -23.77M-205.19M65.11M42.90M278.25M
Investing Cash Flow -15.14M--590.78M-3.00M-95.19M-740.75M
Financing Cash Flow 40.72M-306.15M-44.65M819.57M-63.10M
Capital Expenditure -0--601.66M-16.99M-95.19M-739.21M
Free Cash Flow -23.77M--396.47M48.12M-52.30M-460.96M
Net Change in Cash ---79.44M17.47M767.27M-525.60M
Share Buybacks --31.65M00-

Ratios (Annual)

Figures in %.

Metric Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Gross Margin % 15.6%-1.3%24.6%23.7%11.9%
Operating Margin % -10.5%--38.2%3.1%-2.4%-70.4%
Net Margin % -20.2%--335.2%-49.1%-281.6%-90.5%
ROE % -13.7%-524.3%41.3%152.5%30.0%
ROCE % -43,335.6%--39.4%6.9%-0.9%-14.3%

Shareholding Pattern

Insiders
3.38%
Institutions
124.54%
Public Float
128.90%

Top Institutional Holders

#Holder% HeldSharesValue
1 Situational Awareness Partners LP 8.18% 26.01M $698.33M
2 Situational Awareness LP 8.18% 26.01M $698.33M
3 UBS Group AG 8.03% 25.53M $685.59M
4 Pentwater Capital Management Lp 7.82% 24.85M $667.28M
5 Blackrock Inc. 7.75% 24.63M $661.31M
6 Vanguard Portfolio Management LLC 5.86% 18.61M $499.80M
7 Two Seas Capital Lp 5.08% 16.15M $433.68M
8 Vanguard Capital Management LLC 4.20% 13.36M $358.85M
9 Jericho Capital Asset Management, LP 3.69% 11.72M $314.77M
10 Oaktree Capital Management LP 2.94% 9.35M $251.07M

Analyst View

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