Core Scientific (CORZW) Cost of Revenue (2021 - 2026)
Core Scientific recorded quarterly Cost of Revenue of $85.1 million in Q1 2026, up 44.28% quarter-over-quarter from $59.0 million in Q4 2025, and up 19.39% year-over-year from $71.3 million in Q1 2025.
Core Scientific's Cost of Revenue history runs 6 years deep, the most recent figure standing at $85.1 million for Q1 2026.
- In Q1 2026, Cost of Revenue rose 19.39% year-over-year to $85.1 million; the TTM figure through Mar 2026 stood at $294.9 million (down 17.9% YoY), while the FY2025 annual figure was $281.1 million, down 27.84% from the prior year.
- Cost of Revenue came in at $85.1 million for Q1 2026 at Core Scientific, up from $59.0 million in the prior quarter.
- In the past five years, Cost of Revenue ranged from a high of $375.8 million in Q4 2023 to a low of -$450.7 million in Q4 2022.
- A 5-year average of $57.3 million and a median of $77.2 million in 2025 frame the typical range for Cost of Revenue.
- Across the five-year window, Cost of Revenue plunged 219.34% in 2022 and jumped 9335.89% in 2024, its largest moves.
- Core Scientific's Cost of Revenue stood at -$450.7 million in 2022, then surged by 183.39% to $375.8 million in 2023, then tumbled by 76.01% to $90.2 million in 2024, then slumped by 34.55% to $59.0 million in 2025, then soared by 44.28% to $85.1 million in 2026.
- According to Business Quant data, Cost of Revenue over the past three periods registered $85.1 million, $59.0 million, and $77.2 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,425.08 Bn | 3,346.81 Bn | 56.06 Bn | 6.81 Bn |
| 2 | Oracle | 712.03 Bn | 673.46 Bn | 15.14 Bn | 2.05 Bn |
| 3 | Palantir Technologies | 384.58 Bn | 376.66 Bn | 1.42 Bn | 215.80 Mn |
| 4 | Palo Alto Networks | 208.80 Bn | 204.26 Bn | 1.91 Bn | 823.00 Mn |
| 5 | CrowdStrike Holdings | 195.63 Bn | 192.58 Bn | 993.68 Mn | 463.58 Mn |
| 6 | Fortinet | 108.69 Bn | 105.40 Bn | 1.49 Bn | 636.30 Mn |
| 7 | Cloudflare | 95.27 Bn | 94.32 Bn | 455.60 Mn | 184.16 Mn |
| 8 | Synopsys | 93.41 Bn | 93.30 Bn | 1.77 Bn | 396.38 Mn |
| 9 | CoreWeave | 65.84 Bn | 63.57 Bn | 2.01 Bn | 69.00 Mn |
| 10 | Core Scientific | - | - | 30.11 Mn | 85.14 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 85.14 Mn |
| Mar 31, 2026 | 85.14 Mn |
| Dec 31, 2025 | 59.01 Mn |
| Dec 31, 2025 | 59.01 Mn |
| Sep 30, 2025 | 77.20 Mn |
| Sep 30, 2025 | 77.20 Mn |
| Jun 30, 2025 | 73.60 Mn |
| Jun 30, 2025 | 73.60 Mn |
| Mar 31, 2025 | 71.31 Mn |
| Mar 31, 2025 | 71.31 Mn |
| Dec 31, 2024 | 90.16 Mn |
| Dec 31, 2024 | 90.16 Mn |
| Sep 30, 2024 | 95.51 Mn |
| Sep 30, 2024 | 95.51 Mn |
| Jun 30, 2024 | 102.29 Mn |
| Jun 30, 2024 | 102.29 Mn |
| Mar 31, 2024 | 101.65 Mn |
| Mar 31, 2024 | 101.65 Mn |
| Dec 31, 2023 | 375.81 Mn |
| Dec 31, 2023 | 375.81 Mn |
| Sep 30, 2023 | 1.04 Mn |
| Sep 30, 2023 | 1.04 Mn |
| Jun 30, 2023 | 1.08 Mn |
| Jun 30, 2023 | 1.08 Mn |
| Mar 31, 2023 | 88.87 Mn |
| Mar 31, 2023 | 88.87 Mn |
| Dec 31, 2022 | -450.69 Mn |
| Dec 31, 2022 | -450.69 Mn |
| Sep 30, 2022 | 189.65 Mn |
| Sep 30, 2022 | 189.65 Mn |
| Jun 30, 2022 | 10.24 Mn |
| Jun 30, 2022 | 10.24 Mn |
| Mar 31, 2022 | 1.40 Mn |
| Mar 31, 2022 | 1.40 Mn |
| Dec 31, 2021 | -141.13 Mn |
| Dec 31, 2021 | -141.13 Mn |
| Sep 30, 2021 | 54.72 Mn |
| Sep 30, 2021 | 54.72 Mn |
| Jun 30, 2021 | 50.77 Mn |
| Jun 30, 2021 | 50.77 Mn |
| Mar 31, 2021 | 39.71 Mn |
| Mar 31, 2021 | 39.71 Mn |