TICKDELTA
Sign in
Screener / SEC EDGAR /CIK 0001839341 /10-K filed Mar 2, 2026, compared with Feb 27, 2025 /Numbers from the XBRL of the 10-Ks
Crypto peers:
CORZMSTRRIOTCLSKMARAHUT
Nasdaq, OTC Crypto · Financial Services

Core Scientific CORZ

CORZ quote by TradingView
Headquarters
Dover, DE
CEO
Adam Taylor Sullivan
Next results
around Mar 1, 2027
Compare with peers Embed

Where each dollar of revenue went, FY2021

Revenue of $544.5M through the costs to a net profit of $47.3M · income statement of the 10-K

24% operating margin
Revenue to Gross profit: $238.9MRevenue to Cost of revenue: $305.6MGross profit to Operating profit: $131.5MGross profit to Operating expenses: $107.4MOperating profit to Net profit: $47.3MOperating profit to Tax & other: $84.2MOperating expenses to R&D: $7.7MOperating expenses to Sales, admin & other: $99.7M Revenue: $544.5M REVENUE $544.5M +803% Y/Y Gross profit: $238.9M · 44% margin GROSS PROFIT $238.9M 44% margin · +2443% Y/Y Cost of revenue: $305.6M · 56% of revenue COST OF REVENUE $305.6M 56% of revenue Operating profit: $131.5M · 24% margin OPERATING PROFIT $131.5M 24% margin Operating expenses: $107.4M · 20% of revenue OPERATING EXPENSES $107.4M 20% of revenue Net profit: $47.3M · 9% margin NET PROFIT $47.3M 9% margin Tax & other: $84.2M · 15% of revenue TAX & OTHER $84.2M 15% of revenue R&D: $7.7M · 1% of revenue R&D $7.7M 1% of revenue Sales, admin & other: $99.7M · 18% of revenue SALES, ADMIN & OTHER $99.7M 18% of revenue
Gross profit $238.9M 44% margin · +2443% Y/Y
Operating profit $131.5M 24% margin
Net profit $47.3M 9% margin
The full income statement, year by year

CORZ among Crypto peers

Six ratios from the latest 10-K. Each corner is the share of 25 peers the company is above, not a score.

Compare
Revenue growth: -37.5%, above 0% of 25 peers (their median 38.2%) REVENUE GROWTH -37.5% · above 0% Gross margin: 41.2%, above 27% of 15 peers (their median 55.2%) GROSS MARGIN 41.2% · above 27% Operating margin: -73.3%, above 62% of 16 peers (their median -202.8%) OPERATING MARGIN -73.3% · above 62% Net margin: -18.3%, above 71% of 17 peers (their median -169.8%) NET MARGIN -18.3% · above 71% FCF margin: -223.0%, above 21% of 19 peers (their median -91.3%) FCF MARGIN -223.0% · above 21%
CORZ Peer median Below the median

What changed

828 new risk paragraphs and 4 accounting facts worth reading about. 10-K filed Mar 2, 2026 against Feb 27, 2025.

Risk factors
828 new paragraphs, nothing like them in the previous 10-K
10-K Item 1A
Auditor change
8-K item 4.01 (change in certifying accountant) filed Mar 13, 2025
10-K · XBRL
Restatement (8-K item 4.02)
8-K item 4.02 (non-reliance on previous financial statements) filed Mar 2, 2026
10-K · XBRL
Critical audit matters changed
New this year: Evaluation of the sufficiency of audit evidence over self-mining revenue; As discussed in Note 2 to the consolidated financial statements, the Company provides hash calculations to third-party pool operators. No longer listed: Digital Asset Self-Mining Revenue
10-K · XBRL
Material weakness in internal control
“Based on that evaluation, our Chief Executive Officer and our Chief Financial Officer have concluded that, as of December 31, 2025, our disclosure controls and procedures were not effective due to the material weakness in internal control over financial reporting described below.”
10-K · XBRL
Accounting checks
4 other checks clear, 4 worth a look
10-K · XBRL
Insiders
3 open-market buys in the last 90 days
Form 4
Filings
5 in the last 30 days
EDGAR

Each row opens the detail with the quote and the filing. A row is a change worth reading, not a verdict.

Accounting checks

8 checks on the latest 10-K. Checks, not verdicts.

How it works

4facts worth reading about the other 4 checks found nothing to note

  • Auditor change
    8-K item 4.01 (change in certifying accountant) filed Mar 13, 2025
  • Restatement (8-K item 4.02)
    8-K item 4.02 (non-reliance on previous financial statements) filed Mar 2, 2026
  • Critical audit matters changed
    New this year: Evaluation of the sufficiency of audit evidence over self-mining revenue; As discussed in Note 2 to the consolidated financial statements, the Company provides hash calculations to third-party pool operators. No longer listed: Digital Asset Self-Mining Revenue
  • Material weakness in internal control
    “Based on that evaluation, our Chief Executive Officer and our Chief Financial Officer have concluded that, as of December 31, 2025, our disclosure controls and procedures were not effective due to the material weakness in internal control over financial reporting described below.”
  • No statement of substantial doubt about going concern
3 more checks with nothing to note
  • No NT 10-K or NT 10-Q in the last 2 years
  • No 8-K item 2.06 in the last 2 years
  • No 8-K item 1.03 in the last 2 years

In their words

828 paragraphs in Risk Factors that were not in the 10-K filed Feb 27, 2025. Quoted as filed.

All 828 new paragraphs
  1. Item 1A · new paragraph · not in the 10-K filed Feb 27, 2025 10-K, ITEM 1A
    Investing in our securities involves a high degree of risk. You should carefully consider the risks and uncertainties described below together with all of the other information contained in this Annual Report on Form 10-K, including our financial statements and related notes elsewhere in this Annual Report on Form 10-K and in the…
  2. Item 1A · new paragraph · not in the 10-K filed Feb 27, 2025 10-K, ITEM 1A
    In 2024, we initiated a significant strategic transition in our operations from bitcoin mining to colocation services, which will require the conversion of our existing infrastructure or development of new facilities to support our high-density colocation customers.
  3. Item 1A · new paragraph · not in the 10-K filed Feb 27, 2025 10-K, ITEM 1A
    One customer, CoreWeave, currently accounts for 100% of our Colocation segment revenue. Our success in the Colocation
  4. Item 1A · new paragraph · not in the 10-K filed Feb 27, 2025 10-K, ITEM 1A
    Our increased focus on high-density colocation may not be successful and depends on the continuing development and resource and computational requirements of high-density colocation applications such as cloud computing, machine learning and artificial intelligence and continuing need for the infrastructure and services we provide.

New risk paragraphs, against peers

Latest 10-K of each, Crypto companies closest in revenue

Paragraphs in Risk Factors with nothing like them in the company's 10-K the year before. A count of text, not of risk.

Financial performance

Last 4 fiscal years · 10-K XBRL

All years
MetricFY2022FY2023FY2024FY2025
Revenue$640.3M$502.4M$510.7M$319.0M
Net income−$2.1B−$246.5M−$1.4B−$288.6M
Operating cash flow$205.2M$65.1M$42.9M$278.2M
Free cash flow−$178.8M$49.0M−$52.1M−$450.8M

Revenue, FY2020 to FY2025

Ten fiscal years, each from its own 10-K · XBRL · USD

$319.0M ▼ 37.5% in FY2025

FY2020FY2021FY2022FY2023FY2024FY2025
Every number, year by year

Recent filings

5 filings in the last 30 days · SEC EDGAR

All filings

About the company

Core Scientific, Dover, DE · from the 10-K filed Mar 2, 2026

Core Scientific, Inc. (“we,” “us,” “our,” the “Company,” “Core Scientific,” or “Core”) designs, builds and operates large-scale, purpose-built data centers that support high-density colocation services and digital asset mining for both our own account and to a lesser extent, third-party customers. Our data centers are optimized for power-intensive, mission-critical computing workloads, with a focus on artificial intelligence (“AI”) and other high-performance computing (“HPC”) applications.

Headquarters
Dover, DE
Country
United States
Reports in
USD
Listed on
Nasdaq, OTC
Fiscal year ends
December 31
Last results
Nov 5, 2026
Incorporated in
DE

Email alerts

Sources

The 10-K filed Mar 2, 2026 (open at SEC), compared with the 10-K filed Feb 27, 2025. Numbers from the XBRL of the 10-Ks; filings from SEC EDGAR.

Work with it: Excel workbook · CSV. Google Sheet that stays up to date: paste =IMPORTDATA("https://tickdelta.com/company/CORZ/export.csv") into a cell.