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Core Scientific, Inc. CORZ Hosting revenue — Cost of revenue

Discontinued — last reported Q1 '24

Other product segments

Cost of digital asset self-mining
$47.19M-22.9%
Colocation revenue
$33.62M+315%
Digital asset hosted mining revenue from customers
$4.33M+113%

Similar metrics at other companies

Riot Platforms, Inc. logo
RIOTCost Of Revenues Hosting — Total Segment And Consolidated Cost Of Revenue Exclusive Of Depreciation And Amortization
$21.49M
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RIOTRevenue Net Hosting — Total Segment And Consolidated Cost Of Revenue Exclusive Of Depreciation And Amortization
$46.81M+15.6%
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RIOTData Center Hosting — Cost Of Revenue
$23.19M+32.4%
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RIOTData Centers Operations — Cost Of Revenue
$30.77M
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RIOTRevenue Net Data Center Hosting — Cost Of Revenue
$17.51M+5.0%
Riot Platforms, Inc. logo
RIOTRevenue Net Data Center Hosting — Total Segment And Consolidated Cost Of Revenue Exclusive Of Depreciation And Amortization
$8.25M

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

See full
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:CostOfRevenue.

The official record: Core Scientific, Inc.’s 10-Q, filed May 9, 2024, on SEC EDGAR. View the filing →

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Questions, answered.

What is Core Scientific, Inc.'s hosting revenue — cost of revenue?
Core Scientific, Inc. (CORZ) reported hosting revenue — cost of revenue of $20.08M in Q1 2024.
How has Core Scientific, Inc.'s hosting revenue — cost of revenue changed year-over-year?
Core Scientific, Inc.'s hosting revenue — cost of revenue increased by 24.0% year-over-year, from $16.2M to $20.08M.
What is the long-term trend for Core Scientific, Inc.'s hosting revenue — cost of revenue?
Over 2 years (2021 to 2023), Core Scientific, Inc.'s hosting revenue — cost of revenue has grown at a 6.0% compound annual growth rate (CAGR), from $77.68M to $87.25M.
What does hosting revenue — cost of revenue mean?
The direct expenses incurred to provide hosting services to clients.
How do you interpret hosting revenue — cost of revenue?
A decrease relative to revenue indicates improved operational efficiency or lower energy costs, while an increase may signal rising utility expenses or inefficient site management.
How does hosting revenue — cost of revenue compare across companies?
Comparable to 'Cost of Goods Sold' or 'Direct Operating Expenses' in infrastructure-heavy service businesses.