Core Scientific (CORZ) Cost of Revenue (2021 - 2026)
Core Scientific (CORZ) reported Cost of Revenue of $85.1 million for Q1 2026, up 19.39% on a YoY basis from $71.3 million in Q1 2025, and up 44.28% sequentially from $59.0 million in Q4 2025.
Core Scientific (CORZ) Cost of Revenue (2021 - 2026) Analysis & Trends
Core Scientific (CORZ) has 6 years of Cost of Revenue data on file, last reported at $85.1 million in Q1 2026.
- For the quarter ending Q1 2026, Cost of Revenue rose 19.39% year-over-year to $85.1 million; the trailing twelve-month figure through Mar 2026 stood at $294.9 million (down 17.9% YoY), and the FY2025 full-year result was $281.1 million, down 27.84% from the prior year.
- Cost of Revenue rose to $85.1 million in Q1 2026, from $59.0 million in the prior quarter.
- In the past five years, Cost of Revenue ranged from a high of $189.6 million in Q3 2022 to a low of $59.0 million in Q4 2025.
- A 5-year average of $103.9 million and a median of $95.5 million in 2024 frame the typical range for Cost of Revenue.
- Across the five-year window, Cost of Revenue surged 246.61% in 2022 and plunged 48.6% in 2023, its largest moves.
- Tracing CORZ's Cost of Revenue over 5 years: stood at $168.5 million in 2022, then slumped by 39.09% to $102.6 million in 2023, then retreated by 12.15% to $90.2 million in 2024, then plunged by 34.55% to $59.0 million in 2025, then jumped by 44.28% to $85.1 million in 2026.
- Business Quant data shows CORZ's Cost of Revenue at $85.1 million in Q1 2026, $59.0 million in Q4 2025, and $77.2 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 2,921.46 Bn | 2,797.02 Bn | 56.06 Bn | 26.83 Bn |
| 2 | PagSeguro Digital | 2,686.70 Bn | 2,686.70 Bn | 358.92 Mn | 71.28 Mn |
| 3 | Oracle | 344.13 Bn | 312.24 Bn | - | - |
| 4 | Repay Holdings | 342.29 Bn | 342.15 Bn | - | - |
| 5 | Palantir Technologies | 294.57 Bn | 286.54 Bn | 1.42 Bn | 215.80 Mn |
| 6 | Palo Alto Networks | 224.46 Bn | 219.93 Bn | 1.91 Bn | 685.00 Mn |
| 7 | CrowdStrike Holdings | 182.52 Bn | 179.42 Bn | 993.68 Mn | 311.70 Mn |
| 8 | Fortinet | 111.29 Bn | 107.99 Bn | 1.49 Bn | 364.50 Mn |
| 9 | Cloudflare | 93.63 Bn | 92.68 Bn | 455.60 Mn | 184.16 Mn |
| 10 | Core Scientific | 6.72 Bn | 5.65 Bn | 30.11 Mn | 85.14 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 85.14 Mn |
| Mar 31, 2026 | 85.14 Mn |
| Dec 31, 2025 | 59.01 Mn |
| Dec 31, 2025 | 59.01 Mn |
| Sep 30, 2025 | 77.20 Mn |
| Sep 30, 2025 | 77.20 Mn |
| Jun 30, 2025 | 73.60 Mn |
| Jun 30, 2025 | 73.60 Mn |
| Mar 31, 2025 | 71.31 Mn |
| Mar 31, 2025 | 71.31 Mn |
| Dec 31, 2024 | 90.16 Mn |
| Dec 31, 2024 | 90.16 Mn |
| Sep 30, 2024 | 95.51 Mn |
| Sep 30, 2024 | 95.51 Mn |
| Jun 30, 2024 | 102.29 Mn |
| Jun 30, 2024 | 102.29 Mn |
| Mar 31, 2024 | 101.65 Mn |
| Mar 31, 2024 | 101.65 Mn |
| Dec 31, 2023 | 102.63 Mn |
| Dec 31, 2023 | 102.63 Mn |