The biggest changes in the 10-K filed 2026-03-02, this fiscal year against the last, and the sentences in the MD&A (Item 7) where management explains them, quoted word for word. Tickdelta picks sentences that name the line, a direction and a cause. It does not write explanations of its own.
Cash from operations
+548.7% Big change FY to 2025-12-31 vs 2024-12-31“Net cash provided by operating activities increased to $278.3 million in 2025 from $42.9 million in 2024, primarily due to”
Read it in the 10-K ↗
Operating margin
-27.8% → -77.0% (-49.2 pts) Big change FY to 2025-12-31 vs 2024-12-31The MD&A has no sentence that names a cause for this change. That can be worth a question: ask about the filing.
Gross margin
23.7% → 11.9% (-11.8 pts) Big change FY to 2025-12-31 vs 2024-12-31The MD&A has no sentence that names a cause for this change. That can be worth a question: ask about the filing.
Revenue
-37.5% Big change FY to 2025-12-31 vs 2024-12-31“During 2025, total revenue decreased to $319.0 million from $510.7 million, primarily due to lower digital asset self-mining”
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“revenue and digital asset hosted mining revenue as we shifted capital and infrastructure toward colocation, partially offset by higher”
Read it in the 10-K ↗
Changes are computed from the XBRL figures in the same 10-K. Hover a number to see the line item. Open the 10-K ↗
Work on CORZ in a spreadsheet:
Excel workbook (a sheet per section, ten years by column, charts, links to the filings) ·
CSV.
For a Google Sheet that stays up to date, paste =IMPORTDATA("https://tickdelta.com/company/CORZ/export.csv") into a cell.