Core Scientific (CORZ) Research & Development (2021 - 2024)
Core Scientific (CORZ) reported Research & Development of $5.02 million for Q4 2024, up 167.4% from $1.88 million a year earlier and up 76.6% from the prior quarter.
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Analysis
Core Scientific (CORZ) Research & Development (2021 - 2024) Analysis & Trends
For FY2024, Core Scientific posted Research & Development of $11.83 million, up 64.7% from FY2023.
- Research & Development has a four-year compound annual growth rate of 22.4% (FY2020 to FY2024).
- By year, Research & Development came in at $7.18 million in FY2023 (-73.4%), $26.96 million in FY2022 (+251.3%), $7.67 million in FY2021 (+45.6%) and $5.27 million in FY2020.
- The Q4 2024 figure ranks as the highest quarterly Research & Development since Q3 2022.
- Year over year, Research & Development has now increased in each of the last four quarters, with growth averaging 1.7% over the last eight quarters.
- The high point for year-over-year Research & Development in five years was Q2 2022 (growth of 928.0%); the low point was Q2 2023 (a decline of 88.9%).
- Per Business Quant data, the three quarters before Q4 2024 came in at $2.84 million (Q3 2024), $2.17 million (Q2 2024) and $1.8 million (Q1 2024).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,781.98 Bn | 3,705.13 Bn | 60.48 Bn | 10.00 Bn |
| 2 | International Business Machines | 207.92 Bn | 158.82 Bn | 9.91 Bn | 2.31 Bn |
| 3 | Cloudflare | 114.07 Bn | 97.60 Bn | 499.52 Mn | 159.49 Mn |
| 4 | Equinix | 99.76 Bn | 88.32 Bn | 1.40 Bn | - |
| 5 | Nebius | 58.67 Bn | 32.10 Bn | 448.70 Mn | 191.00 Mn |
| 6 | CoreWeave | 46.87 Bn | 33.97 Bn | 1.70 Bn | - |
| 7 | Verisign | 25.50 Bn | 22.71 Bn | 384.60 Mn | 27.50 Mn |
| 8 | Nutanix | 18.59 Bn | 10.27 Bn | 651.35 Mn | 205.05 Mn |
| 9 | Akamai Technologies | 15.65 Bn | 9.06 Bn | 613.75 Mn | 148.82 Mn |
| 10 | Core Scientific | 5.28 Bn | 1.74 Bn | 70.04 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2024 | 5.02 Mn |
| Sep 30, 2024 | 2.84 Mn |
| Jun 30, 2024 | 2.17 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 |
API Access
Core Scientific Research & Development 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=research-and-development&ticker=CORZ&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "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=research-and-development&ticker=CORZ&period=max&api_key=YOUR_API_KEY");
const data = await res.json();