See more : Main Street Financial Services Corp. (MSWV) Income Statement Analysis – Financial Results
Complete financial analysis of Core Scientific, Inc. (CORZ) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Core Scientific, Inc., a leading company in the Software – Infrastructure industry within the Technology sector.
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Core Scientific, Inc. (CORZ)
About Core Scientific, Inc.
Core Scientific, Inc. operates facilities for digital asset mining and colocation services in North America. It provides blockchain infrastructure, software solutions, and services. The company mines digital assets for its own account and provides hosting colocation services for other large-scale miners. It operates in two segments, Equipment Sales and Hosting. The company owns and operates computer equipment that is used to process transactions conducted on one or more blockchain networks in exchange for transaction processing fees rewarded in digital currency assets, commonly referred to as mining; and datacenter facilities to provide colocation and hosting services for distributed ledger technology, also commonly known as blockchain. It also develops blockchain-based platforms and applications, including infrastructure management, security technologies, mining optimization, and recordkeeping. The company is headquartered in Austin, Texas. On December 21, 2022, Core Scientific, Inc. filed a voluntary petition for reorganization under Chapter 11 in the U.S. Bankruptcy Court for the Southern District of Texas.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|
| Revenue | 502.40M | 640.31M | 544.48M | 60.32M | 59.52M |
| Cost of Revenue | 378.94M | 631.91M | 305.62M | 50.93M | 49.00M |
| Gross Profit | 123.46M | 8.40M | 238.86M | 9.39M | 10.53M |
| Gross Profit Ratio | 24.57% | 1.31% | 43.87% | 15.57% | 17.69% |
| Research & Development | 7.18M | 26.96M | 7.67M | 5.27M | 5.48M |
| General & Administrative | 93.91M | 213.28M | 60.49M | 14.55M | 13.78M |
| Selling & Marketing | 7.02M | 12.73M | 4.06M | 1.77M | 2.83M |
| SG&A | 100.93M | 226.01M | 64.55M | 10.40K | 16.61M |
| Other Expenses | 0.00 | -192.09M | -16.05M | -110.00K | 0.00 |
| Operating Expenses | 108.11M | 252.97M | 72.22M | 10.40K | 22.21M |
| Cost & Expenses | 487.05M | 884.89M | 377.84M | 10.40K | 71.21M |
| Interest Income | 0.00 | 0.00 | 0.00 | 0.00 | 235.00K |
| Interest Expense | 86.24M | 96.83M | 44.35M | 4.44M | 235.00K |
| Depreciation & Amortization | 96.45M | 226.09M | 33.36M | 9.40M | 6.12M |
| EBITDA | -63.12M | -1.84B | 167.61M | -10.40K | -4.64M |
| EBITDA Ratio | -12.56% | -2.89% | 36.73% | -0.02% | -7.79% |
| Operating Income | 8.96M | -244.57M | 166.64M | -10.40K | -10.76M |
| Operating Income Ratio | 1.78% | -38.20% | 30.61% | -0.02% | -18.07% |
| Total Other Income/Expenses | -254.77M | -53.86M | -68.42M | -5.88M | -235.00K |
| Income Before Tax | -245.80M | -2.16B | 63.08M | -10.40K | -11.92M |
| Income Before Tax Ratio | -48.93% | -337.87% | 11.58% | -0.02% | -20.03% |
| Income Tax Expense | 683.00K | -17.09M | 15.76M | -4.97M | 0.00 |
| Net Income | -246.49M | -2.15B | 47.31M | -10.40K | -11.92M |
| Net Income Ratio | -49.06% | -335.20% | 8.69% | -0.02% | -20.03% |
| EPS | -0.65 | -6.30 | 0.23 | 0.00 | -0.12 |
| EPS Diluted | -0.65 | -6.30 | 0.20 | 0.00 | -0.12 |
| Weighted Avg Shares Out | 379.86M | 340.65M | 207.26M | 43.13M | 98.68M |
| Weighted Avg Shares Out (Dil) | 379.86M | 340.65M | 233.31M | 43.13M | 98.68M |
Core Scientific, Inc. (CORZ) Q1 2024 Earnings Call Transcript
Core Scientific Announces April 2024 Production and Operations Updates
After the Halving, Could These Under-the-Radar Bitcoin Mining Stocks Have a New Multimillion-Dollar Market Opportunity in Artificial Intelligence?
Core Scientific, Inc. Schedules First Quarter Fiscal Year 2024 Earnings Release, Conference Call and Webcast
Core Scientific to Expand its Denton, Texas Bitcoin Mining Data Center by 72 Megawatts
Core Scientific Files Registration Statement for Shares Held by Existing Shareholders
Core Scientific Announces March 2024 Production and Operations Updates
Core Scientific, Inc. (CORZ) Q4 2023 Earnings Call Transcript
Core Scientific Announces Fiscal Fourth Quarter and Full Fiscal Year 2023 Results
Core Scientific to Provide CoreWeave up to 16 MW of Data Center Infrastructure to Support AI and HPC Workloads in Long Term Hosting Contract with Potential Revenue of More than $100 Million
Source: https://incomestatements.info
Category: Stock Reports