Core Scientific (CORZ) Cost of Revenue (2021 - 2026)
Core Scientific's (CORZ) quarterly Cost of Revenue came in at $94.2 million in Q2 2026, up 27.93% year-over-year from $73.6 million in Q2 2025, and up 10.59% quarter-over-quarter from $85.1 million in Q1 2026.
Analysis
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 $94.2 million for Q2 2026.
- In Q2 2026, Cost of Revenue rose 27.93% year-over-year to $94.2 million; the TTM figure through Jun 2026 stood at $315.5 million (down 4.56% YoY), while the FY2025 annual figure was $281.1 million, down 27.84% from the prior year.
- Cost of Revenue came in at $94.2 million for Q2 2026 at Core Scientific, up from $85.1 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.
- Average Cost of Revenue over 5 years is $103.4 million, with a median of $94.8 million recorded in 2024.
- Year-over-year, Cost of Revenue soared 246.61% in 2022 and sank 48.6% in 2023.
- Over 5 years, Cost of Revenue stood at $168.5 million in 2022, then tumbled by 39.09% to $102.6 million in 2023, then decreased by 12.15% to $90.2 million in 2024, then sank by 34.55% to $59.0 million in 2025, then surged by 59.57% to $94.2 million in 2026.
- Per Business Quant data, the three most recent Cost of Revenue figures were $94.2 million in Q2 2026, $85.1 million in Q1 2026, and $59.0 million in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Equinix | 102.58 Bn | 100.36 Bn | 1.40 Bn | 1.23 Bn |
| 2 | Terawulf | 8.64 Bn | 5.88 Bn | 32.37 Mn | 12.40 Mn |
| 3 | Applied Digital | 7.77 Bn | 3.80 Bn | 97.29 Mn | 161.46 Mn |
| 4 | Cipher Digital | 7.57 Bn | 3.55 Bn | 9.79 Mn | 15.05 Mn |
| 5 | GDS Holdings | 6.07 Bn | 3.88 Bn | 97.89 Mn | 357.22 Mn |
| 6 | Core Scientific | 6.06 Bn | 4.12 Bn | 70.04 Mn | 94.16 Mn |
| 7 | Vnet | 1.82 Bn | 832.46 Mn | 74.45 Mn | 335.08 Mn |
| 8 | Sify Technologies | 1.57 Bn | 1.57 Bn | 51.65 Mn | 78.82 Mn |
| 9 | WhiteFiber | 790.27 Mn | 729.90 Mn | 18.88 Mn | 9.96 Mn |
| 10 | Vulcan Infrastructure & Power | 422.40 Mn | 419.20 Mn | -1.25 Mn | 4.63 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 94.16 Mn |
| Mar 31, 2026 | 85.14 Mn |
| Dec 31, 2025 | 59.01 Mn |
| Sep 30, 2025 | 77.20 Mn |
| Jun 30, 2025 | 73.60 Mn |
| Mar 31, 2025 | 71.31 Mn |
| Dec 31, 2024 | 90.16 Mn |
| Sep 30, 2024 | 95.51 Mn |
| Jun 30, 2024 | 102.29 Mn |
| Mar 31, 2024 | 101.65 Mn |
| Dec 31, 2023 | 102.63 Mn |
| Sep 30, 2023 | 97.49 Mn |
| Jun 30, 2023 | 89.95 Mn |
| Mar 31, 2023 | 88.87 Mn |
| Dec 31, 2022 | 168.49 Mn |
| Sep 30, 2022 | 189.65 Mn |
| Jun 30, 2022 | 151.26 Mn |
| Mar 31, 2022 | 122.52 Mn |
| Dec 31, 2021 | 160.43 Mn |
| Sep 30, 2021 | 54.72 Mn |