Core Scientific (CORZ) Cost of Revenue (2021 - 2026)
Core Scientific's (CORZ) quarterly Cost of Revenue came in at $85.1 million in Q1 2026, up 19.39% year-on-year from $71.3 million in Q1 2025, and up 44.28% quarter-over-quarter from $59.0 million in Q4 2025.
Core Scientific (CORZ) Cost of Revenue (2021 - 2026) Analysis & Trends
Core Scientific has disclosed Cost of Revenue across 6 years of filings, most recently posting $85.1 million for Q1 2026.
- Cost of Revenue for Q1 2026 came in at $85.1 million, up 19.39% year-over-year; the trailing twelve-month figure through Mar 2026 was $294.9 million (down 17.9% YoY), and the FY2025 annual result was $281.1 million, down 27.84% from the prior year.
- Cost of Revenue came in at $85.1 million for Q1 2026 at Core Scientific, up from $59.0 million in the prior quarter.
- In the past five years, Cost of Revenue ranged from a high of $375.8 million in Q4 2023 to a low of -$450.7 million in Q4 2022.
- The 5-year median for Cost of Revenue is $77.2 million (2025), against an average of $57.3 million.
- Across the five-year window, Cost of Revenue sank 219.34% in 2022 and soared 9335.89% in 2024, its largest moves.
- Core Scientific's Cost of Revenue stood at -$450.7 million in 2022, then jumped by 183.39% to $375.8 million in 2023, then plunged by 76.01% to $90.2 million in 2024, then tumbled by 34.55% to $59.0 million in 2025, then surged by 44.28% to $85.1 million in 2026.
- The last three Cost of Revenue figures came in at $85.1 million (Q1 2026), $59.0 million (Q4 2025), and $77.2 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 2,903.35 Bn | 2,825.07 Bn | 56.06 Bn | 6.81 Bn |
| 2 | Alarum Technologies | 1,127.45 Bn | 1,113.30 Bn | 7.23 Mn | 4.48 Mn |
| 3 | Oracle | 528.84 Bn | 490.27 Bn | 15.14 Bn | 2.05 Bn |
| 4 | Palantir Technologies | 306.36 Bn | 298.44 Bn | 1.42 Bn | 215.80 Mn |
| 5 | Palo Alto Networks | 194.33 Bn | 189.79 Bn | 1.91 Bn | 823.00 Mn |
| 6 | CrowdStrike Holdings | 171.19 Bn | 168.13 Bn | 993.68 Mn | 463.58 Mn |
| 7 | Fortinet | 108.13 Bn | 104.84 Bn | 1.49 Bn | 636.30 Mn |
| 8 | Synopsys | 86.21 Bn | 86.09 Bn | 1.77 Bn | 396.38 Mn |
| 9 | Cloudflare | 80.35 Bn | 79.41 Bn | 455.60 Mn | 184.16 Mn |
| 10 | Core Scientific | 8.91 Bn | 7.84 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 | 375.81 Mn |
| Dec 31, 2023 | 375.81 Mn |