Core Scientific (CORZ) Operating Expenses (2020 - 2026)
Core Scientific (CORZ) reported Operating Expenses of $44.8 million for Q1 2026, up 38.9% on a YoY basis from $32.3 million in Q1 2025, and up 485.71% sequentially from -$11.6 million in Q4 2025.
Core Scientific (CORZ) Operating Expenses (2020 - 2026) Analysis & Trends
Core Scientific (CORZ) has 7 years of Operating Expenses data on file, last reported at $44.8 million in Q1 2026.
- For the quarter ending Q1 2026, Operating Expenses rose 38.9% year-over-year to $44.8 million; the trailing twelve-month figure through Mar 2026 stood at $159.5 million (up 18.78% YoY), and the FY2025 full-year result was $159.2 million, up 32.23% from the prior year.
- Operating Expenses rose to $44.8 million in Q1 2026, from -$11.6 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $101.1 million in Q2 2022 to a low of -$11.6 million in Q4 2025.
- A 5-year average of $38.4 million and a median of $33.6 million in 2024 frame the typical range for Operating Expenses.
- Across the five-year window, Operating Expenses jumped 1240.65% in 2022 and tumbled 146.6% in 2025, its largest moves.
- Tracing CORZ's Operating Expenses over 5 years: stood at $41.6 million in 2022, then slumped by 31.93% to $28.3 million in 2023, then dropped by 11.81% to $24.9 million in 2024, then plunged by 146.6% to -$11.6 million in 2025, then soared by 485.71% to $44.8 million in 2026.
- Business Quant data shows CORZ's Operating Expenses at $44.8 million in Q1 2026, -$11.6 million in Q4 2025, and $69.4 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 2,921.46 Bn | 2,797.02 Bn | 56.06 Bn | 8.75 Bn |
| 2 | PagSeguro Digital | 2,686.70 Bn | 2,686.70 Bn | 358.92 Mn | -363.49 Mn |
| 3 | Oracle | 344.13 Bn | 312.24 Bn | - | 13.05 Bn |
| 4 | Repay Holdings | 342.29 Bn | 342.15 Bn | - | - |
| 5 | Palantir Technologies | 294.57 Bn | 286.54 Bn | 1.42 Bn | 662.79 Mn |
| 6 | Palo Alto Networks | 224.46 Bn | 219.93 Bn | 1.91 Bn | 1.51 Bn |
| 7 | CrowdStrike Holdings | 182.52 Bn | 179.42 Bn | 993.68 Mn | 979.89 Mn |
| 8 | Fortinet | 111.29 Bn | 107.99 Bn | 1.49 Bn | 905.10 Mn |
| 9 | Cloudflare | 93.63 Bn | 92.68 Bn | 455.60 Mn | 517.59 Mn |
| 10 | Core Scientific | 6.72 Bn | 5.65 Bn | 30.11 Mn | 44.85 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 44.85 Mn |
| Dec 31, 2025 | -11.63 Mn |
| Sep 30, 2025 | 69.35 Mn |
| Jun 30, 2025 | 56.94 Mn |
| Mar 31, 2025 | 32.29 Mn |
| Dec 31, 2024 | 24.95 Mn |
| Sep 30, 2024 | 43.50 Mn |
| Jun 30, 2024 | 33.56 Mn |
| Mar 31, 2024 | 18.72 Mn |
| Dec 31, 2023 | 28.29 Mn |
| Sep 30, 2023 | 25.76 Mn |
| Jun 30, 2023 | 26.04 Mn |
| Mar 31, 2023 | 22.77 Mn |
| Dec 31, 2022 | 41.56 Mn |
| Sep 30, 2022 | 49.54 Mn |
| Jun 30, 2022 | 101.11 Mn |
| Mar 31, 2022 | 44.90 Mn |
| Dec 31, 2021 | 19.00 Mn |
| Sep 30, 2021 | 37.94 Mn |
| Jun 30, 2021 | 7.54 Mn |