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Core Scientific Inc
(NASDAQ:CORZ)
Core Scientific Inc (CORZ) vs. SPDR S&P 500 ETF (SPY)
Core Scientific Inc Business Overview & Revenue Model
Core Scientific Inc Earnings Call Summary
Core Scientific Inc Financial Statement Overview
| Breakdown | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 510.67M | 502.40M | 640.31M | 544.48M | 60.32M |
| Gross Profit | 121.07M | 123.46M | 8.40M | 238.86M | 9.39M |
| EBITDA | -1.16B | -63.12M | -1.84B | 167.61M | -10.40K |
| Net Income | -1.32B | -246.49M | -2.15B | 47.31M | -10.40K |
Balance Sheet | |||||
| Total Assets | 1.60B | 712.16M | 807.69M | 2.44B | 225.58M |
| Cash, Cash Equivalents and Short-Term Investments | 836.20M | 50.41M | 52.24M | 131.68M | 8.67M |
| Total Debt | 1.20B | 865.54M | 37.73M | 818.81M | 40.29M |
| Total Liabilities | 2.42B | 1.31B | 1.22B | 1.05B | 136.35M |
| Stockholders Equity | -820.18M | -596.94M | -409.35M | 1.39B | 89.22M |
Cash Flow | |||||
| Free Cash Flow | -52.06M | 48.95M | -178.79M | -116.01M | -25.33M |
| Operating Cash Flow | 42.90M | 65.11M | 205.19M | -56.73M | -23.77M |
| Investing Cash Flow | -95.19M | -3.00M | -590.78M | -423.84M | -15.14M |
| Financing Cash Flow | 819.57M | -44.65M | 306.15M | 603.53M | 40.72M |
Core Scientific Inc Technical Analysis
Core Scientific Inc Risk Analysis
Core Scientific Inc Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | $2.86B | 22.17 | 26.10% | ― | ― | ― | |
67 Neutral | $0.00 | 27.24 | -41.63% | ― | 13.21% | 109.61% | |
63 Neutral | $3.80B | ― | -8.39% | ― | 21.70% | -67.95% | |
56 Neutral | $6.40B | 15.34 | -29.56% | 6.36% | 11.10% | -33.12% | |
55 Neutral | $3.41B | 8.73 | -8.85% | ― | -14.03% | -167.03% | |
45 Neutral | $4.28B | ― | 160.33% | ― | -26.76% | -1883.89% | |
42 Neutral | $201.07M | ― | -60.94% | ― | 128.83% | 73.67% |
Core Scientific Inc Corporate Events
On July 7, 2025, Core Scientific, Inc. entered into a merger agreement with CoreWeave, Inc., where Core Scientific will become a wholly-owned subsidiary of CoreWeave. The merger involves an exchange of shares and the conversion of stock options and awards, with conditions including regulatory approvals and shareholder votes. This merger is expected to enhance Core Scientific’s market positioning and operational capabilities, impacting stakeholders through potential synergies and strategic alignment in the high-performance computing and digital asset sectors.
The most recent analyst rating on (CORZ) stock is a Buy with a $24.00 price target. To see the full list of analyst forecasts on Core Scientific Inc stock, see the CORZ Stock Forecast page.
On July 7, 2025, CoreWeave and Core Scientific announced a merger agreement where CoreWeave will acquire Core Scientific in an all-stock transaction. This acquisition aims to enhance CoreWeave’s data center capabilities, improve operational efficiency, and expand their power footprint, ultimately solidifying their growth trajectory in AI and HPC workloads. The transaction, expected to close in the fourth quarter of 2025, will result in significant cost savings and strategic benefits, including greater financing flexibility and expanded expertise. Core Scientific’s stockholders will receive shares of CoreWeave Class A common stock, with the merger valued at approximately $9 billion.
The most recent analyst rating on (CORZ) stock is a Buy with a $24.00 price target. To see the full list of analyst forecasts on Core Scientific Inc stock, see the CORZ Stock Forecast page.
On May 23, 2025, Core Scientific, Inc. held its reconvened 2025 Annual Meeting of Stockholders to vote on amendments to its Certificate of Incorporation. The stockholders approved proposals to eliminate the classification of the Board of Directors, remove the supermajority vote requirements, and eliminate certain consent rights provided to creditors, which are significant steps in the company’s restructuring process following its emergence from bankruptcy.
The most recent analyst rating on (CORZ) stock is a Buy with a $24.00 price target. To see the full list of analyst forecasts on Core Scientific Inc stock, see the CORZ Stock Forecast page.
On May 13, 2025, Todd Becker resigned from the Board of Directors of Core Scientific, Inc., having served since January 2024 and played a key role in strengthening the company’s financial foundation. The following day, Elizabeth Crain was appointed to the Board and as Chair of the Audit Committee, bringing extensive experience from her previous roles at Consello Group and Moelis & Company. Her appointment is expected to further bolster the company’s strategic direction and governance.
The most recent analyst rating on (CORZ) stock is a Buy with a $24.00 price target. To see the full list of analyst forecasts on Core Scientific Inc stock, see the CORZ Stock Forecast page.
On May 12, 2025, Core Scientific, Inc. held its Annual Meeting of Stockholders, where key proposals were voted on, including the election of a board nominee and the approval of executive compensation. The meeting also addressed the frequency of advisory votes on executive compensation, with stockholders opting for annual votes. Additionally, the meeting was adjourned to May 23, 2025, to consider amendments to the company’s Certificate of Incorporation, aimed at eliminating board classification and supermajority vote requirements, as well as removing certain creditor consent rights.
The most recent analyst rating on (CORZ) stock is a Buy with a $24.00 price target. To see the full list of analyst forecasts on Core Scientific Inc stock, see the CORZ Stock Forecast page.
Core Scientific reported its fiscal first quarter 2025 results, highlighting a net income of $580.7 million, a significant increase from the previous year primarily due to a non-cash mark-to-market adjustment. Despite a decrease in total revenue and operating loss, the company maintains strong liquidity and is on track to expand its colocation services, positioning itself for growth in high-performance data infrastructure.