Core Scientific, Inc./tx
For the period ended Sep 30, 2025. Filed Oct 24, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2025 · Filed Oct 24, 2025
CORZ$13.13+3.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Operations (Unaudited)
Condensed Consolidated Statements of Operations
(in thousands, except per share amounts)
| Three Months Ended September 30, | Nine Months Ended September 30, | |||
|---|---|---|---|---|
| 2025 | 2024 | 2025 | 2024 | |
| Revenue: | ||||
| Digital asset self-mining revenue | $57,438 | $68,138 | $187,041 | $328,840 |
| Digital asset hosted mining revenue from customers | 8,714 | 16,878 | 18,131 | 71,050 |
| Colocation revenue | 14,951 | 10,338 | 34,084 | 15,857 |
| Total revenue | 81,103 | 95,354 | 239,256 | 415,747 |
| Cost of revenue: | ||||
| Cost of digital asset self-mining | 59,438 | 74,555 | 180,197 | 236,120 |
| Cost of digital asset hosted mining services | 6,694 | 11,914 | 13,314 | 49,388 |
| Cost of Colocation services | 11,066 | 9,041 | 28,602 | 13,932 |
| Total cost of revenue | 77,198 | 95,510 | 222,113 | 299,440 |
| Gross profit (loss) | 3,905 | (156) | 17,143 | 116,307 |
| (Increase) decrease in fair value of digital assets | (10,957) | 206 | (30,066) | 247 |
| Decrease in fair value of energy derivatives | — | — | — | 2,757 |
| Loss on exchange or disposal of property, plant and equipment | 2,933 | 509 | 7,105 | 4,061 |
| Selling, general and administrative | 69,354 | 40,348 | 166,409 | 88,655 |
| Operating (loss) income | (57,425) | (41,219) | (126,305) | 20,587 |
| Non-operating expense (income), net: | ||||
| Loss on debt extinguishment | — | 317 | 1,377 | 487 |
| Interest (income) expense, net | (821) | 7,072 | (4,193) | 35,934 |
| Change in fair value of warrants and contingent value rights | 74,864 | 408,520 | 363,358 | 1,144,441 |
| Reorganization items, net | — | — | — | (111,439) |
| Loss on legal settlements | 15,075 | 356 | 15,504 | 2,070 |
| Other non-operating income, net | (8) | (2,359) | (73) | (1,926) |
| Total non-operating expense, net | 89,110 | 413,906 | 375,973 | 1,069,567 |
| Loss before income taxes | (146,535) | (455,125) | (502,278) | (1,048,980) |
| Income tax expense | 125 | 134 | 488 | 484 |
| Net loss | $(146,660) | $(455,259) | $(502,766) | $(1,049,464) |
| Net loss per share (Note 12) - basic and diluted | $(0.46) | $(1.17) | $(1.48) | $(3.71) |
| Weighted average shares outstanding - basic and diluted | 318,562 | 292,486 | 317,363 | 253,058 |
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