Core Scientific (CORZW) Operating Expenses (2020 - 2026)
Core Scientific recorded quarterly Operating Expenses of $44.8 million in Q1 2026, up 485.71% quarter-over-quarter from -$11.6 million in Q4 2025, and up 38.9% year-over-year from $32.3 million in Q1 2025.
Core Scientific's Operating Expenses history runs 7 years deep, the most recent figure standing at $44.8 million for Q1 2026.
- In Q1 2026, Operating Expenses rose 38.9% year-over-year to $44.8 million; the TTM figure through Mar 2026 stood at $159.5 million (up 14.69% YoY), while the FY2025 annual figure was $159.2 million, up 26.85% from the prior year.
- Operating Expenses came in at $44.8 million for Q1 2026 at Core Scientific, up from -$11.6 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $105.6 million in Q2 2022 to a low of -$11.6 million in Q4 2025.
- A 5-year average of $39.7 million and a median of $40.3 million in 2023 frame the typical range for Operating Expenses.
- Across the five-year window, Operating Expenses jumped 1179.17% in 2022 and sank 138.69% in 2025, its largest moves.
- Core Scientific's Operating Expenses stood at $41.6 million in 2022, then fell by 2.99% to $40.3 million in 2023, then dropped by 25.46% to $30.1 million in 2024, then tumbled by 138.69% to -$11.6 million in 2025, then surged by 485.71% to $44.8 million in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $44.8 million, -$11.6 million, and $69.4 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,425.08 Bn | 3,346.81 Bn | 56.06 Bn | 10.85 Bn |
| 2 | Oracle | 712.03 Bn | 673.46 Bn | 15.14 Bn | 11.73 Bn |
| 3 | Palantir Technologies | 384.58 Bn | 376.66 Bn | 1.42 Bn | 662.79 Mn |
| 4 | Palo Alto Networks | 208.80 Bn | 204.26 Bn | 1.91 Bn | 1.51 Bn |
| 5 | CrowdStrike Holdings | 195.63 Bn | 192.58 Bn | 993.68 Mn | 979.89 Mn |
| 6 | Fortinet | 108.69 Bn | 105.40 Bn | 1.49 Bn | 905.10 Mn |
| 7 | Cloudflare | 95.27 Bn | 94.32 Bn | 455.60 Mn | 517.59 Mn |
| 8 | Synopsys | 93.41 Bn | 93.30 Bn | 1.77 Bn | 1.57 Bn |
| 9 | CoreWeave | 65.84 Bn | 63.57 Bn | 2.01 Bn | 2.22 Bn |
| 10 | Core Scientific | - | - | 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 | 30.05 Mn |
| Sep 30, 2024 | 43.19 Mn |
| Jun 30, 2024 | 33.56 Mn |
| Mar 31, 2024 | 18.72 Mn |
| Dec 31, 2023 | 40.32 Mn |
| Sep 30, 2023 | 25.76 Mn |
| Jun 30, 2023 | 26.04 Mn |
| Mar 31, 2023 | 23.18 Mn |
| Dec 31, 2022 | 41.56 Mn |
| Sep 30, 2022 | 49.54 Mn |
| Jun 30, 2022 | 105.65 Mn |
| Mar 31, 2022 | 44.90 Mn |
| Dec 31, 2021 | 16.95 Mn |
| Sep 30, 2021 | 37.94 Mn |
| Jun 30, 2021 | 8.26 Mn |
| Mar 31, 2021 | 5.54 Mn |
| Dec 31, 2020 | 10,400.00 |