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Core Scientific, Inc. CORZ Colocation revenue — Operating lease expense

Other product segments

Cost of digital asset self-mining
$102K+20.0%
Digital asset hosted mining revenue from customers
$12K+140%

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Other financials

Income statement

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Revenue$115.2M+44.9%
Gross profit$30.1M+267%
Operating income-$310.4M-560%
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-323%
Total assets$3.1B+88.9%

Cash flow

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Operating cash flow$249.9M+655%
CapEx$389.2M+363%
Free cash flow-$139.3M-8.0%

Valuation

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Market cap$9.27B+121%
Enterprise value$10.28B+119%
P/S26.1×+15.9×

Profitability

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Gross margin16.9%+4.3pp
Operating margin-144.7%-478pp
Net margin-238.9%-1.8pp
FCF margin-130%-246pp

Returns & leverage

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Return on equity-242.4%
Debt / equity2.2×
Current ratio0.5×-3.7×

Where this comes from

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

Tagged under the XBRL concept us-gaap:OperatingLeaseCost.

The official record: Core Scientific, Inc.’s 10-Q, filed May 6, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Core Scientific, Inc.'s colocation revenue — operating lease expense?
Core Scientific, Inc. (CORZ) reported colocation revenue — operating lease expense of $3.79M in Q1 2026.
How has Core Scientific, Inc.'s colocation revenue — operating lease expense changed year-over-year?
Core Scientific, Inc.'s colocation revenue — operating lease expense increased by 11.1% year-over-year, from $3.41M to $3.79M.
What does colocation revenue — operating lease expense mean?
This reflects the costs associated with leasing the physical space or facilities used to provide colocation services. It is a critical component of the fixed cost structure for the hosting segment.