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.

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

Screener

Other product segments

Cost of digital asset self-mining

$113K+48.7%

Digital asset hosted mining revenue from customers

$15K+87.5%

Similar metrics at other companies

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GATXRail North America — Operating lease expense

$7.4M-2.6%

DDSRetail Operations — Operating Lease Expense

$3.82M-15.8%

ARQConsumables — Operating Lease, Expense

$1.3M+30.0%

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

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Cash & equivalents$2.6B+339%

Total debt$4.4B+279%

Total equity-$2.4B-127%

Total assets$5.3B+166%

Cash flow

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Operating cash flow$249.9M+715%

CapEx$565.0M+366%

Free cash flow-$583.9M-569%

Valuation

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Market cap$7B+63.3%

Enterprise value$8.85B+81.9%

P/S15.9×+3.6×

Profitability

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Gross margin28.3%+23.2pp

Operating margin-128.5%-362pp

Net margin-237.6%-3.1pp

FCF margin-217.5%-446pp

Returns & leverage

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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:OperatingLeaseCost.

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	Financial statement 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
Operating lease expense	Cost of colocation services	$3,863	$3,402	$7,649	$6,809
Operating lease expense	Cost of digital asset self-mining	113	76	215	160
Operating lease expense	Cost of digital asset hosted mining services	15	8	27	14
Operating lease expense	Selling, general and administrative	205	1,218	368	2,425
Short-term lease expense	Cost of digital asset self-mining	100	339	242	625
Variable lease expense	Cost of colocation services	447	304	832	573
Finance lease expense:
Amortization of right-of-use assets	Cost of digital asset self-mining	95	170	191	396

Item 1. Financial Statements (Unaudited)

FAQ

What is Core Scientific, Inc.'s colocation revenue — operating lease expense?: Core Scientific, Inc. (CORZ) reported colocation revenue — operating lease expense of $3.86M in Q2 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 13.6% year-over-year, from $3.4M to $3.86M.
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.