Core Scientific, Inc./tx (CORZ) FY2025 10-K Annual Report

Filed: Mar 2, 2026
Financials
Finance ServicesSEC EDGAR

Core Scientific, Inc./tx (CORZ) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Mar 2, 2026. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.

Core Scientific, Inc./tx FY2025 10-K Analysis

Business Overview

  • Core business shift toward colocation data center services from digital asset self-mining and hosted mining
  • Colocation revenue surged 168% to $65.4M, now 20% of total revenue vs 5% prior year
+3 more insights

Management Discussion & Analysis

  • No revenue figures or YoY changes disclosed in the text provided
  • No profitability or margin percentages mentioned
+3 more insights

Risk Factors

  • Regulatory risk from new U.S. tariffs effective February 1, 2025, may increase equipment costs and delay high-density colocation (HDC) conversions
  • Geopolitical risk from overseas military or economic conflicts could raise natural gas prices, increasing electricity costs for mining operations
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Core Scientific, Inc./tx FY2025 Key Financial Metrics
XBRL

Revenue

$319M

-37.5% YoY

Net Income

-$289M

+78.1% YoY

Gross Margin

11.9%

-1183bp YoY

Operating Margin

-77.0%

-7322bp YoY

Net Margin

-90.5%

+16703bp YoY

ROE

30.0%

-13035bp YoY

Total Assets

$2.3B

+46.8% YoY

EPS (Diluted)

$-0.88

+80.0% YoY

Operating Cash Flow

$278M

+548.7% YoY

Source: XBRL data from Core Scientific, Inc./tx FY2025 10-K filing on SEC EDGAR. All figures in USD.

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