Core Scientific Past Earnings Performance

Past criteria checks 0/6

Core Scientific's earnings have been declining at an average annual rate of -35%, while the IT industry saw earnings growing at 5.9% annually. Revenues have been growing at an average rate of 25.6% per year.

Key information

-35.0%

Earnings growth rate

-33.7%

EPS growth rate

IT Industry Growth	22.4%
Revenue growth rate	25.6%
Return on equity	n/a
Net Margin	-203.2%
Last Earnings Update	30 Sep 2024

Recent past performance updates

Recent updates

Core Scientific, Inc.'s (NASDAQ:CORZ) P/S Is Still On The Mark Following 35% Share Price Bounce

Nov 08

Core Scientific: HPC Pivot Begins To Bear Fruit

Oct 16

Market Participants Recognise Core Scientific, Inc.'s (NASDAQ:CORZ) Revenues Pushing Shares 27% Higher

Sep 14

Core Scientific: Deserves Better As HPC Moves Into High Gear

Aug 13

Core Scientific: HPC Deals And A Buyout Offer

Jun 04

Core Scientific, Inc.'s (NASDAQ:CORZ) Revenues Are Not Doing Enough For Some Investors

Apr 24

Revenue & Expenses Breakdown

How Core Scientific makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

NasdaqGS:CORZ Revenue, expenses and earnings (USD Millions)
Date	Revenue	Earnings	G+A Expenses	R&D Expenses
30 Sep 24	558	-1,133	118	9
30 Jun 24	575	-831	100	8
31 Mar 24	561	-35	93	8
31 Dec 23	502	-246	101	7
30 Sep 23	482	-486	111	8
30 Jun 23	531	-879	131	12
31 Mar 23	568	-1,681	205	25
31 Dec 22	640	-2,146	224	27
30 Sep 22	821	-1,651	200	28
30 Jun 22	771	-1,233	194	23
31 Mar 22	683	-426	102	10
31 Dec 21	544	47	65	8
30 Sep 21	266	-16	53	5
30 Jun 21	163	-1	20	5
31 Mar 21	94	-6	16	5
31 Dec 20	60	-23	16	5
31 Dec 19	60	-12	17	5

Quality Earnings: CORZ is currently unprofitable.

Growing Profit Margin: CORZ is currently unprofitable.

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: CORZ is unprofitable, and losses have increased over the past 5 years at a rate of 35% per year.

Accelerating Growth: Unable to compare CORZ's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: CORZ is unprofitable, making it difficult to compare its past year earnings growth to the IT industry (-2.6%).

Return on Equity

High ROE: CORZ's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.

Return on Assets

Return on Capital Employed

Discover strong past performing companies

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/22 08:56
End of Day Share Price	2024/12/20 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Core Scientific, Inc. is covered by 16 analysts. 12 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Ramsey El-Assal	Barclays
Lucas Pipes	B. Riley Securities, Inc.
Gregory Lewis	BTIG