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Core Scientific, Inc. CORZ HPC hosting — Employee compensation

Discontinued — last reported Q4 '24

Other product segments

Cost of digital asset self-mining
$3.53M-51.9%
Colocation revenue
$2.99M+131%
Digital asset hosted mining revenue from customers
$427K+28.6%

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APLDHPC Hosting Business — Cost of revenues
$43.56M+96,696%
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APLDHPC Hosting Business — Costs and Expenses
$53.44M+23,973%
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APLDHPC hosting segment — Total capital expenditures
$11.64M
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RIOTData Centers — Compensation Expense
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APLDHPC hosting segment — Revenue from Contract with Customer, Excluding Assessed Tax
$0
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APLDHPC Hosting Business — SG&A
$9.89M+5,485%

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:CostDirectLabor.

The official record: Core Scientific, Inc.’s 10-K/A, filed March 2, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Core Scientific, Inc.'s HPC hosting — employee compensation?
Core Scientific, Inc. (CORZ) reported HPC hosting — employee compensation of $628.5K in Q4 2024.
What does HPC hosting — employee compensation mean?
Total payroll and benefit costs for employees working in the hosting segment.
How do you interpret HPC hosting — employee compensation?
An increase relative to revenue may indicate scaling of the team to support growth or rising labor costs in the sector.
How does HPC hosting — employee compensation compare across companies?
Standard labor cost metric for operational business segments in technology and infrastructure companies.