What is Core Scientific, Inc.'s impairment charges?

Core Scientific, Inc. (CORZ) reported impairment charges of $266.49M in Q1 2026.

What does impairment charges mean?

A reduction in the recorded value of physical assets due to a decline in their market value or utility.

How do you interpret impairment charges?

Lower charges are better, as high impairment suggests poor asset management or rapid technological obsolescence.

How does impairment charges compare across companies?

Standard across capital-intensive sectors; peers in hardware-heavy industries often report this during technology refresh cycles.

Core Scientific, Inc. CORZ Impairment Charges

Impairment Charges at other companies

TeraWulfWULF

$25.7M—

Iris EnergyIREN

$140.41M—

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:TangibleAssetImpairmentCharges.

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 impairment charges?: Core Scientific, Inc. (CORZ) reported impairment charges of $266.49M in Q1 2026.
What does impairment charges mean?: A reduction in the recorded value of physical assets due to a decline in their market value or utility.
How do you interpret impairment charges?: Lower charges are better, as high impairment suggests poor asset management or rapid technological obsolescence.
How does impairment charges compare across companies?: Standard across capital-intensive sectors; peers in hardware-heavy industries often report this during technology refresh cycles.