Core Scientific (CORZ) Gross Margin (2021 - 2026)
Core Scientific's (CORZ) quarterly Gross Margin came in at 42.66% in Q2 2026, up 3627.0% year-over-year from 1.14% in Q2 2025, and up 63.29% quarter-over-quarter from 26.12% in Q1 2026.
Analysis
Core Scientific (CORZ) Gross Margin (2021 - 2026) Analysis & Trends
Core Scientific has disclosed Gross Margin across 6 years of filings, most recently posting 42.66% for Q2 2026.
- In Q2 2026, Gross Margin rose 3627.0% year-over-year to 42.66%; the TTM figure through Jun 2026 stood at 28.35% (up 2322.0% YoY), while the FY2025 annual figure was 11.88%, down 1183.0% from the prior year.
- Gross Margin came in at 42.66% for Q2 2026 at Core Scientific, up from 26.12% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 43.31% in Q1 2024 to a low of 38.96% in Q4 2022.
- Average Gross Margin over 5 years is 15.41%, with a median of 19.84% recorded in 2025.
- Year-over-year, Gross Margin slumped 8581 bps in 2022 and surged 6665 bps in 2023.
- Over 5 years, Gross Margin stood at 38.96% in 2022, then surged by 171 bps to 27.69% in 2023, then tumbled by 82 bps to 5.02% in 2024, then surged by 419 bps to 26.02% in 2025, then jumped by 64 bps to 42.66% in 2026.
- Per Business Quant data, the three most recent Gross Margin figures were 42.66% in Q2 2026, 26.12% in Q1 2026, and 26.02% in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Equinix | 102.58 Bn | 100.36 Bn | 1.40 Bn | 53.14% |
| 2 | Terawulf | 8.64 Bn | 5.88 Bn | 32.37 Mn | 72.30% |
| 3 | Applied Digital | 7.77 Bn | 3.80 Bn | 97.29 Mn | 37.60% |
| 4 | Cipher Digital | 7.57 Bn | 3.55 Bn | 9.79 Mn | 39.42% |
| 5 | GDS Holdings | 6.07 Bn | 3.88 Bn | 97.89 Mn | 21.51% |
| 6 | Core Scientific | 6.06 Bn | 4.12 Bn | 70.04 Mn | 42.66% |
| 7 | Vnet | 1.82 Bn | 832.46 Mn | 74.45 Mn | 18.18% |
| 8 | Sify Technologies | 1.57 Bn | 1.57 Bn | 51.65 Mn | 39.59% |
| 9 | WhiteFiber | 790.27 Mn | 729.90 Mn | 18.88 Mn | 65.45% |
| 10 | Vulcan Infrastructure & Power | 422.40 Mn | 419.20 Mn | -1.25 Mn | -36.81% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 42.66% |
| Mar 31, 2026 | 26.12% |
| Dec 31, 2025 | 26.02% |
| Sep 30, 2025 | 4.81% |
| Jun 30, 2025 | 6.39% |
| Mar 31, 2025 | 10.33% |
| Dec 31, 2024 | 5.02% |
| Sep 30, 2024 | -0.16% |
| Jun 30, 2024 | 27.51% |
| Mar 31, 2024 | 43.31% |
| Dec 31, 2023 | 27.69% |
| Sep 30, 2023 | 13.66% |
| Jun 30, 2023 | 29.12% |
| Mar 31, 2023 | 26.34% |
| Dec 31, 2022 | -38.96% |
| Sep 30, 2022 | -16.65% |
| Jun 30, 2022 | 7.76% |
| Mar 31, 2022 | 36.36% |
| Dec 31, 2021 | 46.84% |
| Sep 30, 2021 | 51.64% |