Core Scientific (CORZ) Cost of Revenue (2021 - 2026)
Core Scientific (CORZ) posted Cost of Revenue of $85.1 million for Q1 2026, up 44.28% sequentially from $59.0 million in Q4 2025, and up 19.39% YoY from $71.3 million in Q1 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.
- Quarterly Cost of Revenue rose 19.39% year-over-year to $85.1 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $294.9 million (down 17.9% YoY) and the FY2025 annual result came in at $281.1 million, down 27.84% from the prior year.
- Cost of Revenue rose to $85.1 million in Q1 2026 per CORZ's latest filing, from $59.0 million in the prior quarter.
- The five-year high for Cost of Revenue was $375.8 million in Q4 2023, with the low at -$450.7 million in Q4 2022.
- Average Cost of Revenue over 5 years is $57.3 million, with a median of $77.2 million recorded in 2025.
- Year-over-year, Cost of Revenue tumbled 219.34% in 2022 and jumped 9335.89% in 2024.
- 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 sank by 76.01% to $90.2 million in 2024, then plunged by 34.55% to $59.0 million in 2025, then surged 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 | 2,853.66 Bn | 2,775.39 Bn | 56.06 Bn | 6.81 Bn |
| 2 | Oracle | 408.21 Bn | 376.86 Bn | 17.12 Bn | 2.07 Bn |
| 3 | Palantir Technologies | 300.98 Bn | 293.06 Bn | 1.42 Bn | 215.80 Mn |
| 4 | Palo Alto Networks | 247.84 Bn | 243.30 Bn | 1.91 Bn | 823.00 Mn |
| 5 | CrowdStrike Holdings | 193.63 Bn | 190.57 Bn | 993.68 Mn | 463.58 Mn |
| 6 | Fortinet | 117.45 Bn | 114.16 Bn | 1.49 Bn | 636.30 Mn |
| 7 | Cloudflare | 86.88 Bn | 85.93 Bn | 455.60 Mn | 184.16 Mn |
| 8 | Synopsys | 86.18 Bn | 86.06 Bn | 1.77 Bn | 396.38 Mn |
| 9 | Block | 46.10 Bn | 39.21 Bn | 2.91 Bn | 3.15 Bn |
| 10 | Core Scientific | 7.66 Bn | 6.59 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 |