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Core Scientific, Inc. CORZ Q1 2026 earnings

Reported May 6, 2026 · After market close

Revenue$115.2MMiss by $1.8M
EPS-$0.10Miss by $0.08
Revenue estimate$117.0M
EPS estimate-$0.02

Next report

Oct 23, 2026 (in a month)
Revenue estimate$196.5M
EPS estimate-$0.01

Financials

Q1 2026

Income statement

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Revenue$115.2M+44.9%
Gross profit$30.1M+267%
Operating income-$310.4M-629%
Net income-$347.2M-160%
EPS (diluted)-$1.06-185%

Balance sheet

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Cash & equivalents$1.1B+64.0%
Total debt$2.2B+82.8%
Total equity-$1.3B-619%
Total assets$3.1B+88.9%

Cash flow

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Operating cash flow$249.9M+715%
CapEx$389.2M+340%
Free cash flow-$139.3M-8.0%

Valuation & ratios

Valuation

as of 03/31/26
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Market cap$4.72B+121%
Enterprise value$5.73B+119%
P/S13.3×+8.1×

Profitability

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Gross margin16.9%+4.3pp
Operating margin-144.7%-447pp
FCF margin-130%-246pp

Returns & leverage

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Current ratio0.5×-3.7×

Segments

By product

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Colocation revenue$77.5M+804%
Cost of digital asset self-mining$30.1M-55.2%
Digital asset hosted mining revenue from customers$7.6M+101%

FAQ

When did Core Scientific, Inc. report Q1 2026 earnings?
Core Scientific, Inc. (CORZ) reported Q1 2026 earnings on May 6, 2026 after market close.
What were Core Scientific, Inc.'s Q1 2026 revenue and EPS?
Core Scientific, Inc. reported revenue of $115.2M and eps of $-0.10 for Q1 2026.
Did Core Scientific, Inc. beat estimates in Q1 2026?
Revenue missed the consensus estimate of $117.0M by $1.8M. EPS missed the consensus estimate of $-0.02 by $0.08.
How did Core Scientific, Inc.'s Q1 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 44.9% from $79.5M a year earlier and eps grew 0.0% from $-0.10.
Where can I find Core Scientific, Inc.'s Q1 2026 SEC filings?
You can read the 8-K earnings release (0001628280-26-030553) and the 10-Q periodic report (0001628280-26-031396) directly on SEC EDGAR. The filing index links above go to sec.gov.