Core Scientific, Inc.

CORZ

CORZCore Scientific, Inc. US flag

NASDAQ Global Select

28.93

USD

-0.12

- -

9.20BMarket Cap

Income Statement (USD)

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	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Sales/Revenue/Turnover	60	60	544	640	502	511	319
+ Sales & Services Revenue	60	60	544	640	502	511	319
- Cost of Revenue	49	51	306	632	379	390	281
+ Cost of Goods & Services	49	51	306	632	379	390	281
Gross Profit	11	9	239	8	123	121	38
+ Other Operating Income	- -	- -	- -	- -	- -	- -	- -
- Operating Expenses	23	22	72	253	108	133	262
+ Selling, General & Admin	18	16	65	226	101	120	183
+ Research & Development	5	5	8	27	7	12	- -
+ Other Operating Expense	- -	- -	- -	- -	- -	1	80
Operating Income (Loss)	-12	-12	167	-245	15	-12	-225
- Non-Operating (Income) Loss	-1	- -	104	1,919	261	1,425	63
+ Interest Expense, Net	- -	4	44	97	86	37	-3
+ Interest Expense	- -	4	44	97	86	37	- -
- Interest Income	- -	- -	- -	- -	- -	- -	3
+ Other Non-Op (Income) Loss	-1	-4	59	1,822	175	1,388	67
Pretax Income	-12	-12	63	-2,163	-246	-1,437	-288
- Income Tax Expense (Benefit)	- -	- -	16	-17	1	1	1
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -	- -	- -
Income (Loss) from Cont Ops	-12	-12	47	-2,146	-246	-1,438	-289
- Net Extraordinary Losses (Gains)	- -	- -	- -	- -	- -	- -	- -
+ Discontinued Operations	- -	- -	- -	- -	- -	- -	- -
+ Extraord. & Accounting Changes	- -	- -	- -	- -	- -	- -	- -
Income (Loss) Incl. MI	-12	-12	47	-2,146	-246	-1,438	-289
- Minority Interest	- -	- -	- -	- -	- -	- -	- -
Net Income, GAAP	-12	-12	47	-2,146	-246	-1,438	-289
- Preferred Dividends	- -	- -	- -	- -	- -	- -	- -
- Other Adjustments	- -	- -	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	-12	-12	47	-2,146	-246	-1,438	-289
EBIT	-12	-12	167	-245	15	-12	-225
EBITDA	-6	-3	200	-18	112	108	-144
EBITDA Margin (%)	-10.71	-4.64	36.73	-2.89	22.25	21.13	-45.25
EBITA	-12	-12	167	-245	15	-12	-225
Gross Margin (%)	17.69	15.57	43.87	1.31	24.57	23.71	11.88
Operating Margin (%)	-20.99	-20.23	30.61	-38.2	3.05	-2.39	-70.39
Profit Margin (%)	-20.03	-20.24	8.69	-335.2	-49.06	-281.57	-90.47
Sales per Employee	- -	- -	- -	- -	- -	- -	- -
Dividend per Share	- -	- -	- -	- -	- -	- -	- -
Depreciation Expense	6	9	33	226	96	120	80
Basic Weighted Avg Shares	380	380	317	341	380	256	318
Basic EPS, GAAP	-0.03	-0.03	0.15	-6.3	-0.65	-5.62	-0.91
Basic EPS from Cont Ops	-0.03	-0.03	0.15	-6.3	-0.65	-5.62	-0.91
Diluted Weighted Avg Shares	380	380	317	341	380	256	318
Diluted EPS, GAAP	-0.03	-0.03	0.15	-6.3	-0.65	-5.62	-0.91
Diluted EPS from Cont Ops	-0.03	-0.03	0.15	-6.3	-0.65	-5.62	-0.91

Balance Sheet (USD)

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	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Total Current Assets	11	71	757	85	97	904	896
+ Cash, Cash Equivalents & STI	7	9	118	16	50	836	311
+ Cash & Cash Equivalents	7	9	118	16	50	836	311
+ ST Investments	- -	- -	- -	- -	- -	- -	- -
+ Accounts & Notes Receiv	- -	1	2	4	1	7	337
+ Accounts Receivable, Net	- -	1	2	- -	1	7	337
+ Notes Receivable, Net	- -	- -	- -	- -	- -	- -	- -
+ Loans Receivable, Net	- -	- -	- -	- -	- -	- -	- -
+ Other Receivable, Net	- -	- -	- -	3	- -	- -	- -
+ Inventories	- -	- -	- -	- -	- -	- -	- -
+ Raw Materials	- -	- -	- -	- -	- -	- -	- -
+ Work In Process	- -	- -	- -	- -	- -	- -	- -
+ Finished Goods	- -	- -	- -	- -	- -	- -	- -
+ Inventory Adjustments	- -	- -	- -	- -	- -	- -	- -
+ Other Inventory	- -	- -	- -	- -	- -	- -	- -
+ Other ST Assets	4	61	637	66	46	60	247
+ Misc ST Assets	- -	- -	- -	- -	- -	- -	- -
+ Prepaid Expenses	- -	- -	- -	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -
Total Noncurrent Assets	151	155	1,682	723	615	572	1,452
+ Property, Plant & Equip, Net	87	88	600	712	593	554	1,404
+ Property, Plant & Equip	99	101	644	980	887	926	1,811
- Accumulated Depreciation	12	13	44	268	294	372	407
+ LT Investments & Receivables	- -	- -	- -	- -	- -	- -	- -
+ LT Investments	- -	- -	- -	- -	- -	- -	- -
+ LT Receivables	- -	- -	- -	- -	- -	- -	- -
+ Other LT Assets	64	66	1,083	11	22	18	48
+ Total Intangible Assets	62	65	1,064	2	2	- -	- -
+ Goodwill	58	58	1,056	- -	- -	- -	- -
+ Other Intangible Assets	4	7	8	2	2	- -	- -
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Assets	2	1	19	9	20	18	48
Total Assets	162	226	2,439	808	712	1,476	2,348
+ Payables & Accruals	9	6	70	70	288	84	638
+ Accounts Payable	8	3	12	54	155	19	126
+ Accrued Taxes	1	2	6	5	4	- -	- -
+ Interest & Dividends Payable	- -	- -	- -	- -	- -	- -	- -
+ Other Payables & Accruals	1	1	52	12	130	65	512
+ ST Debt	2	18	104	37	144	12	12
+ ST Borrowings	1	16	76	36	124	16	- -
+ ST Finance Leases	2	2	28	1	20	12	12
+ Other ST Liabilities	8	46	146	80	56	39	131
+ Deferred Revenue	8	45	142	78	10	18	128
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -
+ Misc ST Liabilities	- -	1	4	2	46	21	3
Total Current Liabilities	19	70	320	187	488	135	781
+ LT Debt	5	22	714	1	721	1,172	1,150
+ LT Borrowings	2	20	652	- -	684	1,074	1,060
+ LT Finance Leases	3	2	62	1	37	98	90
+ Other LT Liabilities	31	45	63	1,030	99	1,113	1,379
+ Accrued Liabilities	- -	- -	12	- -	- -	- -	428
+ Pension Liabilities	- -	- -	- -	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Liabilities	31	45	51	1,030	99	1,113	951
Total Noncurrent Liabilities	36	67	777	1,030	821	2,284	2,529
Total Liabilities	56	136	1,098	1,217	1,309	2,419	3,310
+ Preferred Equity and Hybrid Capital	30	44	- -	- -	- -	- -	- -
+ Share Capital & APIC	169	164	1,380	1,764	1,823	2,915	3,184
+ Common Stock	- -	- -	- -	- -	- -	- -	- -
+ Additional Paid in Capital	169	164	1,380	1,764	1,823	2,915	3,184
- Treasury Stock	- -	- -	- -	- -	- -	- -	- -
+ Retained Earnings	-63	-75	-27	-2,174	-2,420	-3,858	-4,147
+ Other Equity	- -	- -	-11	- -	- -	- -	- -
Equity Before Minority Interest	106	89	1,341	-409	-597	-943	-963
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -
Total Equity	106	89	1,341	-409	-597	-943	-963
Total Liabilities & Equity	162	226	2,439	808	712	1,476	2,348
Shares Outstanding	317	317	317	375	185	293	314
Number of Employees	- -	- -	- -	- -	- -	- -	- -
Capital Leases - Total	5	4	91	1	57	109	102
Net Debt	-4	27	610	20	758	254	749
Net Debt to Equity	-3.68	30.5	45.51	-4.97	-126.99	-26.94	-77.79
Tangible Common Equity Ratio	14.61	-12.55	20.17	-51	-84.41	-63.89	-41.01
Current Ratio	0.57	1.02	2.36	0.46	0.2	6.72	1.15
Cash Conversion Cycle	- -	-35.13	-7.93	-18.29	-99.91	-78.5	102.76

Cash Flow Statement (USD)

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	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
+ Net Income	-12	-12	47	-2,146	-246	-1,438	-289
+ Depreciation & Amortization	6	9	33	226	96	120	80
+ Non-Cash Items	-1	- -	-88	2,047	48	1,388	-38
+ Stock-Based Compensation	3	3	39	183	59	52	98
+ Deferred Income Taxes	- -	- -	10	-19	- -	- -	- -
+ Asset Impairment Charge	1	- -	37	1,881	4	123	11
+ Other Non-Cash Adj	-5	-3	-174	1	-15	1,213	-147
+ Chg in Non-Cash Work Cap	6	-21	-50	79	167	-28	525
+ (Inc) Dec in Accts Receiv	- -	-2	-7	-8	-1	1	- -
+ (Inc) Dec in Inventories	- -	- -	- -	- -	- -	- -	- -
+ (Inc) Dec in Prepaid Assets	- -	-57	-278	102	-21	-20	16
+ Inc (Dec) in Accts Payable	2	- -	34	44	249	-10	-7
+ Inc (Dec) in Other	5	38	202	-60	-61	2	515
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -
Cash from Operating Activities	-1	-24	-57	205	65	43	278
+ Change in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -
+ Disp in Fixed & Intang	- -	- -	1	- -	14	- -	3
+ Disp of Fixed Prod Assets	- -	- -	1	- -	14	- -	3
+ Disp of Intangible Assets	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed & Intang	-38	-2	- -	-602	-17	-95	-739
+ Acq of Fixed Prod Assets	-37	-2	- -	-602	-16	-95	-729
+ Acq of Intangible Assets	- -	- -	- -	- -	-1	- -	-10
+ Cash (Repurchase) of Equity	30	3	354	-32	- -	55	- -
+ Increase in Capital Stock	30	3	354	- -	- -	55	- -
+ Decrease in Capital Stock	- -	- -	- -	-32	- -	- -	- -
+ Net Change in LT Investment	- -	- -	-59	11	- -	- -	- -
+ Dec in LT Investment	- -	- -	- -	11	- -	- -	- -
+ Inc in LT Investment	- -	- -	-59	- -	- -	- -	- -
+ Net Cash From Acq & Div	- -	-14	-365	11	- -	- -	-5
+ Cash from Divestitures	- -	- -	- -	11	- -	- -	- -
+ Cash for Acq of Subs	- -	-14	-365	- -	- -	- -	-5
+ Cash for JVs	- -	- -	- -	- -	- -	- -	- -
+ Other Investing Activities	- -	- -	- -	-11	- -	- -	- -
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -
Cash from Investing Activities	-37	-15	-424	-591	-3	-95	-741
+ Dividends Paid	- -	- -	- -	- -	- -	- -	- -
+ Net Cash From Debt	-1	38	614	118	-45	767	-10
+ Cash From Debt	- -	45	671	261	- -	1,078	- -
+ Repayments of Debt	-1	-7	-57	-144	-45	-311	-10
+ Other Financing Activities	- -	- -	-365	220	- -	-2	-53
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -
Cash from Financing Activities	29	41	604	306	-45	820	-63
Effect of Foreign Exchange Rates	- -	- -	- -	- -	- -	- -	- -
Net Changes in Cash	-9	2	123	-79	17	767	-526
EBITDA	-6	-3	200	-18	112	108	-144
EBITDA Margin (%)	-10.71	-4.64	36.73	-2.89	22.25	21.13	-45.25
Free Cash Flow	-38	-25	-57	-396	48	-52	-461
Net Cash Paid for Acquisitions	- -	14	365	-11	- -	- -	5
Free Cash Flow to Firm	- -	- -	-23	- -	- -	- -	- -
Free Cash Flow to Equity	- -	28	513	-279	18	715	-458
Free Cash Flow per Basic Share	-0.1	-0.07	-0.18	-1.16	0.13	-0.2	-1.45
Price/Free Cash Flow	- -	- -	- -	- -	- -	26.03	4.55
Cash Flow to Net Income	0.07	1.95	-1.2	-0.1	-0.26	-0.03	-0.96
Capital Expenditures	-38	-2	- -	-602	-17	-95	-739