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Core Scientific, Inc. CORZ Gain (loss) on extinguishment of debt

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Other financials

Income statement

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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:GainsLossesOnExtinguishmentOfDebt.

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 itemThree Months Ended June 30, 2026Three Months Ended June 30, 2025Six Months Ended June 30, 2026Six Months Ended June 30, 2025
Selling, general and administrative49,38945,28594,56878,175
Operating loss(78,468)(26,284)(388,890)(73,322)
Non-operating expenses (income), net:
Loss on debt extinguishment5,4351,3775,4351,377
Interest expense (income), net23,833(1,185)28,690(3,372)
Change in fair value of warrants and contingent value rights1,045,515909,9581,076,314288,494
Other non-operating expense, net152207662364
Total non-operating expense, net1,074,935910,3571,111,101286,863

Item 1. Financial Statements (Unaudited)

FAQ

What is Core Scientific, Inc.'s gain (loss) on extinguishment of debt?
Core Scientific, Inc. (CORZ) reported gain (loss) on extinguishment of debt of -$5.44M in Q2 2026.
How has Core Scientific, Inc.'s gain (loss) on extinguishment of debt changed year-over-year?
Core Scientific, Inc.'s gain (loss) on extinguishment of debt decreased by 294.7% year-over-year, from -$1.38M to -$5.44M.
What is the long-term trend for Core Scientific, Inc.'s gain (loss) on extinguishment of debt?
Over 4 years (2021 to 2025), Core Scientific, Inc.'s gain (loss) on extinguishment of debt has grown at a -29.9% compound annual growth rate (CAGR), from -$8.02M to -$1.93M.
What does gain (loss) on extinguishment of debt mean?
Gains or losses from retiring debt before maturity — gains when debt is repurchased below par, losses when premiums are paid for early redemption.

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