Core Scientific (CORZ) Operating Margin (2021 - 2026)
Core Scientific's Operating Margin came in at -47.79% for Q2 2026, down 14.36 percentage points from -33.43% a year earlier but up 221.57 percentage points from the prior quarter.
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Analysis
Core Scientific (CORZ) Operating Margin (2021 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Core Scientific reported Operating Margin of -127.45%, down 75.81 percentage points year-over-year; for FY2025, it came in at -76.98%, down 49.16 percentage points from FY2024.
- Operating Margin carries a five-year change of -66.49 percentage points (FY2020 to FY2025).
- Going back by year, Operating Margin was -27.82% in FY2024 (-29.60 pp), 1.78% in FY2023 (+331.24 pp), -329.46% in FY2022 (-353.61 pp) and 24.15% in FY2021 (+34.64 pp).
- The five-year range for quarterly Operating Margin is -637.54% (Q2 2022) to 33.85% (Q4 2021).
- Year-over-year, Operating Margin has declined for four consecutive quarters, with an average year-over-year change of -61.33 percentage points over the last eight quarters.
- The fastest year-over-year change in Operating Margin over five years came in Q2 2023 (a gain of 645.00 percentage points), and the weakest in Q2 2022 (a drop of 658.16 percentage points).
- Business Quant data shows CORZ's Operating Margin at -269.36% (Q1 2026), -147.28% (Q4 2025) and -67.56% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,781.98 Bn | 3,705.13 Bn | 60.48 Bn | 45.11% |
| 2 | International Business Machines | 207.92 Bn | 158.82 Bn | 9.91 Bn | 15.24% |
| 3 | Cloudflare | 114.07 Bn | 97.60 Bn | 499.52 Mn | -29.55% |
| 4 | Equinix | 99.76 Bn | 88.32 Bn | 1.40 Bn | 25.33% |
| 5 | Nebius | 58.67 Bn | 32.10 Bn | 448.70 Mn | -30.21% |
| 6 | CoreWeave | 46.87 Bn | 33.97 Bn | 1.70 Bn | -1.90% |
| 7 | Verisign | 25.50 Bn | 22.71 Bn | 384.60 Mn | 68.18% |
| 8 | Nutanix | 18.59 Bn | 10.27 Bn | 651.35 Mn | 9.24% |
| 9 | Akamai Technologies | 15.65 Bn | 9.06 Bn | 613.75 Mn | 7.30% |
| 10 | Core Scientific | 5.28 Bn | 1.74 Bn | 70.04 Mn | -47.79% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -47.79% |
| Mar 31, 2026 | -269.36% |
| Dec 31, 2025 | -147.28% |
| Sep 30, 2025 | -67.56% |
| Jun 30, 2025 | -33.43% |
| Mar 31, 2025 | -59.15% |
| Dec 31, 2024 | -68.89% |
| Sep 30, 2024 | -43.23% |
| Jun 30, 2024 | -64.27% |
| Mar 31, 2024 | 30.80% |
| Dec 31, 2023 | 2.77% |
| Sep 30, 2023 | -10.67% |
| Jun 30, 2023 | 7.46% |
| Mar 31, 2023 | 6.30% |
| Dec 31, 2022 | -524.60% |
| Sep 30, 2022 | -246.89% |
| Jun 30, 2022 | -637.54% |
| Mar 31, 2022 | -13.88% |
| Dec 31, 2021 | 33.85% |
| Sep 30, 2021 | 4.23% |
API Access
Core Scientific Operating Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-margin&ticker=CORZ&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-margin", "ticker": "CORZ", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-margin&ticker=CORZ&period=max&api_key=YOUR_API_KEY");
const data = await res.json();