Core Scientific (CORZ) Research & Development (2021 - 2024)
Core Scientific's (CORZ) quarterly Research & Development came in at $4.7 million in Q4 2024, up 152.19% year-over-year from $1.9 million in Q1 2024, and up 50.14% quarter-over-quarter from $3.2 million in Q3 2024.
Analysis
Core Scientific (CORZ) Research & Development (2021 - 2024) Analysis & Trends
Core Scientific has disclosed Research & Development across 4 years of filings, most recently posting $4.7 million for Q4 2024.
- In Q4 2024, Research & Development rose 152.19% year-over-year to $4.7 million; the TTM figure through Dec 2024 stood at $12.6 million (up 76.04% YoY), while the FY2024 annual figure was $11.8 million, up 64.67% from the prior year.
- Research & Development came in at $4.7 million for Q4 2024 at Core Scientific, up from $3.2 million in the prior quarter.
- In the past five years, Research & Development ranged from a high of $14.8 million in Q2 2022 to a low of $1.2 million in Q1 2021.
- Average Research & Development over 4 years is $3.4 million, with a median of $2.5 million recorded in 2022.
- Year-over-year, Research & Development jumped 928.04% in 2022 and slumped 88.9% in 2023.
- Over 4 years, Research & Development stood at $3.4 million in 2021, then slipped by 22.83% to $2.7 million in 2022, then dropped by 29.39% to $1.9 million in 2023, then surged by 152.19% to $4.7 million in 2024.
- Per Business Quant data, the three most recent Research & Development figures were $4.7 million in Q4 2024, $3.2 million in Q3 2024, and $3.0 million in Q2 2024.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Equinix | 102.58 Bn | 100.36 Bn | 1.40 Bn | 239.00 Mn |
| 2 | Terawulf | 8.64 Bn | 5.88 Bn | 32.37 Mn | - |
| 3 | Applied Digital | 7.77 Bn | 3.80 Bn | 97.29 Mn | - |
| 4 | Cipher Digital | 7.57 Bn | 3.55 Bn | 9.79 Mn | - |
| 5 | GDS Holdings | 6.07 Bn | 3.88 Bn | 97.89 Mn | -1.04 Mn |
| 6 | Core Scientific | 6.06 Bn | 4.12 Bn | 70.04 Mn | - |
| 7 | Vnet | 1.82 Bn | 832.46 Mn | 74.45 Mn | -11.08 Mn |
| 8 | Sify Technologies | 1.57 Bn | 1.57 Bn | 51.65 Mn | - |
| 9 | WhiteFiber | 790.27 Mn | 729.90 Mn | 18.88 Mn | - |
| 10 | Vulcan Infrastructure & Power | 422.40 Mn | 419.20 Mn | -1.25 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2024 | 4.73 Mn |
| Sep 30, 2024 | 3.15 Mn |
| Jun 30, 2024 | 2.97 Mn |
| Mar 31, 2024 | 1.80 Mn |
| Dec 31, 2023 | 1.88 Mn |
| Sep 30, 2023 | 2.25 Mn |
| Jun 30, 2023 | 1.64 Mn |
| Mar 31, 2023 | 1.42 Mn |
| Dec 31, 2022 | 2.66 Mn |
| Sep 30, 2022 | 6.19 Mn |
| Jun 30, 2022 | 14.77 Mn |
| Mar 31, 2022 | 3.34 Mn |
| Dec 31, 2021 | 3.44 Mn |
| Sep 30, 2021 | 1.59 Mn |
| Jun 30, 2021 | 1.44 Mn |
| Mar 31, 2021 | 1.21 Mn |