What is Core Scientific, Inc.'s net debt?

Core Scientific, Inc. (CORZ) reported net debt of $1.01B in Q1 2026.

How has Core Scientific, Inc.'s net debt changed year-over-year?

Core Scientific, Inc.'s net debt increased by 110.2% year-over-year, from $480.38M to $1.01B.

What is the long-term trend for Core Scientific, Inc.'s net debt?

Over 4 years (2021 to 2025), Core Scientific, Inc.'s net debt has grown at a 10.8% compound annual growth rate (CAGR), from $564.19M to $851.14M.

What does net debt mean?

Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.

Core Scientific, Inc. CORZ Net debt

Discontinued — last reported Q1 '26

Net debt at other companies

RepligenRGEN

-8.1×-18.6×

Axalta Coating SystemsAXTA

2.5×-0.2×

Zillow Group, Inc.ZG

-2.1×-4.3×

Federal SignalFSS

1.1×+0.4×

Clearwater AnalyticsCWAN

7.3×+5.0×

Protagonist TherapeuticsPTGX

-5.1×—

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

Calculated from Core Scientific, Inc.’s reported figures.

$2.2Btotal debt−$1.1Bcash and equivalents=$1.01B

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 net debt?: Core Scientific, Inc. (CORZ) reported net debt of $1.01B in Q1 2026.
How has Core Scientific, Inc.'s net debt changed year-over-year?: Core Scientific, Inc.'s net debt increased by 110.2% year-over-year, from $480.38M to $1.01B.
What is the long-term trend for Core Scientific, Inc.'s net debt?: Over 4 years (2021 to 2025), Core Scientific, Inc.'s net debt has grown at a 10.8% compound annual growth rate (CAGR), from $564.19M to $851.14M.
What does net debt mean?: Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.