Core Scientific, Inc./tx
For the period ended Mar 31, 2026. Filed May 6, 2026.
View on SEC.govAbout this filing
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.
Mar 31, 2026 · Filed May 6, 2026
CORZ$12.72+8.2%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of Operations
(in thousands, except per share amounts)
| Three Months Ended March 31, | ||
|---|---|---|
| 2026 | 2025 | |
| Revenue: | ||
| Colocation revenue | $77,539 | $8,573 |
| Digital asset self-mining revenue | 30,105 | 67,179 |
| Digital asset hosted mining revenue from customers | 7,600 | 3,773 |
| Total revenue | 115,244 | 79,525 |
| Cost of revenue: | ||
| Cost of colocation services | 33,618 | 8,106 |
| Cost of digital asset self-mining | 47,189 | 61,170 |
| Cost of digital asset hosted mining services | 4,331 | 2,036 |
| Total cost of revenue | 85,138 | 71,312 |
| Gross profit | 30,106 | 8,213 |
| Decrease in fair value of digital assets | 6,558 | 10,688 |
| Loss on disposal of property, plant and equipment | 13,638 | 6 |
| Impairment of property, plant and equipment | 266,488 | — |
| Colocation organizational and site startup costs | 8,665 | 11,667 |
| Advisor fees | 333 | 603 |
| Selling, general and administrative | 44,846 | 32,287 |
| Operating loss | (310,422) | (47,038) |
| Non-operating expenses (income), net: | ||
| Interest expense (income), net | 4,857 | (2,187) |
| Change in fair value of warrants and contingent value rights | 30,799 | (621,464) |
| Loss on legal settlements | 500 | — |
| Other non-operating expense, net | 10 | 157 |
| Total non-operating expense (income), net | 36,166 | (623,494) |
| (Loss) income before income taxes | (346,588) | 576,456 |
| Income tax expense | 600 | 205 |
| Net (loss) income | $(347,188) | $576,251 |
| Net (loss) income per share | ||
| Basic | $(1.06) | $1.42 |
| Diluted | $(1.06) | $1.24 |
| Weighted average shares outstanding | ||
| Basic | 322,911 | 315,186 |
| Diluted | 322,911 | 363,314 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.