Core Scientific (CORZZ) Operating Expenses (2020 - 2026)
Core Scientific's (CORZZ) quarterly Operating Expenses came in at $44.8 million in Q1 2026, up 38.9% year-on-year from $32.3 million in Q1 2025, and up 485.71% quarter-over-quarter from -$11.6 million in Q4 2025.
Core Scientific (CORZZ) Operating Expenses (2020 - 2026) Analysis & Trends
Core Scientific has disclosed Operating Expenses across 7 years of filings, most recently posting $44.8 million for Q1 2026.
- Operating Expenses for Q1 2026 came in at $44.8 million, up 38.9% year-over-year; the trailing twelve-month figure through Mar 2026 was $159.5 million (up 14.69% YoY), and the FY2025 annual result 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.
- The 5-year median for Operating Expenses is $40.3 million (2023), against an average of $39.7 million.
- Across the five-year window, Operating Expenses soared 1179.17% in 2022 and slumped 138.69% in 2025, its largest moves.
- Core Scientific's Operating Expenses stood at $41.6 million in 2022, then declined by 2.99% to $40.3 million in 2023, then slipped by 25.46% to $30.1 million in 2024, then plunged by 138.69% to -$11.6 million in 2025, then jumped by 485.71% to $44.8 million in 2026.
- The last three Operating Expenses figures came in at $44.8 million (Q1 2026), -$11.6 million (Q4 2025), and $69.4 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 2,903.35 Bn | 2,825.07 Bn | 56.06 Bn | 10.85 Bn |
| 2 | Alarum Technologies | 1,127.45 Bn | 1,113.30 Bn | 7.23 Mn | 6.42 Mn |
| 3 | Oracle | 528.84 Bn | 490.27 Bn | 15.14 Bn | 11.73 Bn |
| 4 | Palantir Technologies | 306.36 Bn | 298.44 Bn | 1.42 Bn | 662.79 Mn |
| 5 | Palo Alto Networks | 194.33 Bn | 189.79 Bn | 1.91 Bn | 1.51 Bn |
| 6 | CrowdStrike Holdings | 171.19 Bn | 168.13 Bn | 993.68 Mn | 979.89 Mn |
| 7 | Fortinet | 108.13 Bn | 104.84 Bn | 1.49 Bn | 905.10 Mn |
| 8 | Synopsys | 86.21 Bn | 86.09 Bn | 1.77 Bn | 1.57 Bn |
| 9 | Cloudflare | 80.35 Bn | 79.41 Bn | 455.60 Mn | 517.59 Mn |
| 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 |