What does colocation revenue — employee compensation mean?

This includes salaries, benefits, and bonuses for personnel directly involved in managing and operating the colocation facilities. It measures the labor cost component of the hosting segment.

Core Scientific, Inc. (CORZ) Colocation revenue — Employee compensation

Screener

Other product segments

Cost of digital asset self-mining

$4.05M-51.0%

Digital asset hosted mining revenue from customers

$542K-30.4%

Similar metrics at other companies

BGCReportable Segment — Compensation and employee benefits

$537.34M+57.3%

IRENBitcoin mining — Employee benefits

$3.55M+106%

IRENAI Cloud Services — Employee benefits

$2.18M+1,154%

ROLReportable Segment — Employee expenses

$328.79M+10.2%

EXLSNorth America — Employee costs

$246.35M+10.7%

EXLSInternational Growth Markets — Employee costs

$54.53M+9.9%

Other financials

Income statement

See full

Revenue$164.2M+109%

Gross profit$70.0M+1,294%

Operating income-$78.5M-199%

Net income-$1.2B-23.3%

EPS (diluted)-$3.32-8,200%

Balance sheet

See full

Cash & equivalents$2.6B+339%

Total debt$4.4B+279%

Total equity-$2.4B-127%

Total assets$5.3B+166%

Cash flow

See full

Operating cash flow$249.9M+715%

CapEx$565.0M+366%

Free cash flow-$583.9M-569%

Valuation

See full

Market cap$7B+63.3%

Enterprise value$8.85B+81.9%

P/S15.9×+3.6×

Profitability

See full

Gross margin28.3%+23.2pp

Operating margin-128.5%-362pp

Net margin-237.6%-3.1pp

FCF margin-217.5%-446pp

Returns & leverage

See full

Return on equity148.5%—

Debt / equity2.2×—

Current ratio0.9×-0.9×

Where this comes from

Reported directly by Core Scientific, Inc. in its filing.

Tagged under the XBRL concept us-gaap:CostDirectLabor.

The source filing: Core Scientific, Inc.’s 10-Q, filed July 28, 2026.

Filed: Jul 28, 2026, 7:08 AM EDT
Fiscal quarter: Q2 FY2026
Calendar quarter: Q2 2026
Accession: 0001839341-26-000014

Line item	Three Months Ended June 30, 2026	Three Months Ended June 30, 2025	Six Months Ended June 30, 2026	Six Months Ended June 30, 2025
Cost of colocation services:
Power fees passed through to customer	35,073	3,464	56,132	6,050
Depreciation expense	4,621	104	6,696	171
Employee compensation	4,801	1,148	7,787	2,442
Facility operations expense	10,381	4,336	17,136	8,187
Other segment items(1)	1,810	378	2,553	686
Total cost of colocation services	56,686	9,430	90,304	17,536
Colocation gross profit	$79,983	$1,130	$123,904	$1,597

Item 1. Financial Statements (Unaudited)

FAQ

What is Core Scientific, Inc.'s colocation revenue — employee compensation?: Core Scientific, Inc. (CORZ) reported colocation revenue — employee compensation of $4.8M in Q2 2026.
How has Core Scientific, Inc.'s colocation revenue — employee compensation changed year-over-year?: Core Scientific, Inc.'s colocation revenue — employee compensation increased by 318.2% year-over-year, from $1.15M to $4.8M.
What does colocation revenue — employee compensation mean?: This includes salaries, benefits, and bonuses for personnel directly involved in managing and operating the colocation facilities. It measures the labor cost component of the hosting segment.