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CORZCore Scientific, Inc.
$18.79$6.0B
Overview & Tools
OverviewChart Terminal ↗Visualize
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice History
Financial Statements
Income StatementBalance SheetCash FlowRatios & Margins
Performance
P/E HistoryRevenue HistoryEarnings HistoryDividend HistoryTotal Return
Discovery & Screens
Live BreakoutsStock ScreenerOwnership
CORZ logo

Core Scientific, Inc.

CORZ
NASDAQ · Infrastructure Software
$18.79
At close - Sep 22, 4:00 PM EDT - USD
Market Cap$6.04B
P/E-21.4x
52W High$30.46
Volume10.02M
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2026Q2

Revenue Surge Masks Deepening Negative Equity Risk

Core Scientific's 108.8% YoY revenue growth to $164.2M in 2026Q2 reflects a strategic pivot toward high-growth AI/HPC infrastructure, yet this expansion is financed by a debt-fueled balance sheet that has driven total debt to $4.3B and equity to -$2.4B. Gross ...

GrowthAccelerating
ProfitabilityStrained
ValuationReview
TechnicalsWeak
Explore valuation models
MARKET ACTION

CORZ price & volume

Price trend, volume and key moving averages

Launch Terminal
Loading chart...
Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

3/12 Beats

EPS beat 3 of last 12 quarters

02

Valuation risk

-141% Peers

P/E is 141% below peer median

03

Market leadership

RS 36 · Lag

Laggard (Underperforming 64% of market)

04

Weak Trend

Below 200DMA

Price < 200DMA

Next CatalystEstimated earnings · Oct 28
01

Build the investment case

Start with the evidence for owning the stock and the risks that can break the thesis.

EXECUTIVE THESIS

The Investment Case

Full Analysis
Fundamental Trajectory

Revenue rebounded 108.8% YoY to $164.2M in 2026Q2 with gross margin recovering to 42.7%, but operating income swung to -$72.1M and net income to -$1.2B, reflecting extreme earnings volatility.

Analyst Consensus+84.8% target
Buy(22 analysts)
19 Buy3 Hold0 Sell

The Bull Case

Upside Catalysts

Fair valuation metrics

Core Scientific's forward P/E ratio of 29.15 and forward PS ratio of 8.20 suggest it is fairly valued compared to historical averages, with a fair price range estimated between $15.81 to $28.27.

AI infrastructure expansion

Core Scientific is repurposing its Pecos, Texas site into a 1.5 gigawatt AI-focused data center campus, supported by a $3.30 billion notes offering, signaling strong growth in AI infrastructure.

Institutional interest growth

Expanded institutional interest and long-term AI infrastructure partnerships highlight Core Scientific's potential as a key player in the AI and data center space.

The Bear Case

Key Downside Risks

Market performance

Price History →

Trailing total returns as of 9/23/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
CORZ+17.51%
S&P 500 (^GSPC)+13.20%
1-Year Return
CORZ+9.44%
S&P 500 (^GSPC)+15.98%
3-Year Return
CORZ+446.22%
S&P 500 (^GSPC)+85.75%
5-Year Return
CORZ+446.22%
S&P 500 (^GSPC)+81.80%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/E
-21.4x
Forward P/E
N/A
EV/EBITDA
N/A
FCF YieldCash Flow
N/A

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
-21.4x
N/A
N/A
EV/EBITDA
N/A
39.2x
N/A
Price/FCF
N/A
N/A
N/A
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
Bear$0.00N/A
Base (Fair)$25.32+40.7%
Bull$0.92-95.1%
$0.00 Bear$25.32 Base$0.92 Bull
Current Market Price: $18.79
Trades at a 25.8% discount to Base DCF ($25.32)
Open DCF & Valuation Models →Chart Terminal ↗

Growth & profitability

Annual revenue & EPS trend
Revenue
$319M-37.5% YoY
Net income
-$289M+78.1% YoY
Free cash flow
-$451M-765.7% YoY
Operating margin
-70.4%-66.6 pts YoY
ROIC (TTM)-
Avg ROIC 5Y-
ROE (TTM)-
Piotroski Score4 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
EPS Beat Rate3/12 (27%)
Revenue Beat Rate4/12 (36%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q3 2026Latest
Jul 28, 2026
-$3.32-5201.8%
vs -$0.06
$164M+16.4%
vs $141M
Q2 2026
May 6, 2026
-$1.06-5200.0%
vs -$0.02
$115M-1.5%
vs $117M
Q2 2026
Mar 2, 2026
-$0.42-156.8%
vs -$0.16
$80M-33.0%
vs $119M
Q4 2025
Oct 24, 2025
-$0.46-558.9%
vs -$0.07
$81M-27.6%
vs $112M
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

5 Stories
Defense World·3d ago
Insider Buying: Core Scientific (NASDAQ:CORZ) Director Purchases $97,980.00 in Stock

Core Scientific, Inc. (NASDAQ: CORZ - Get Free Report) Director Eric Weiss bought 6,000 shares of the company's stock in a transaction on Tuesday, September 15th. The stock was bought at an average cost of $16.33 per share, with a total value of $97,980.00. Following the completion of the purchase, the director owned 265,262 shares of

24/7 Wall Street·6d ago
TeraWulf Rallies 7% as AI Hosting Bid Returns; Core Scientific Jumps 7%, IREN Rises 3%

TeraWulf (NASDAQ:WULF) shares are running higher on Wednesday as buying returns to a narrow group of Bitcoin miners that have pivoted their platforms toward artificial intelligence hosting. The stock is up 7% to $15.

24/7 Wall Street·Sep 16, 2026
Cipher Digital Surges 9% on Conditional ERCOT Status for 3.2 GW of Texas Capacity; Core Scientific Rises 4%, IREN Nudges Higher

Shares of Cipher Mining (NASDAQ:CIFR) are up 9% to $16.42 in early Wednesday trading after the Electric Reliability Council of Texas (ERCOT) disclosed conditional grid capacity covering 3.2 gigawatts across Cipher's Texas projects.

ETF Trends·Sep 16, 2026
Why Bitcoin Miners Stopped Tracking Bitcoin's Price

For years, bitcoin miners traded like a leveraged bet on the token they produce. That relationship broke down over the past year, according to a recent CoinShares report.

Filtered for Core Scientific, Inc.More Headlines
04

Compare before deciding

Benchmark CORZ against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for Core Scientific, Inc. (CORZ)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
CORZ logoCORZCore Scientific, Inc.Current
$18.79$6.04B-21.35-37.53%-90.47%——
RIOT logoRIOTRiot Platforms, Inc.
$24.93$9.43B-12.7866.36%-196.28%-48.36%—
MARA logoMARAMarathon Digital Holdings, Inc.
$13.63$5.2B-3.6933.47%-429.71%-125.83%—
CLSK logoCLSKCleanSpark, Inc.
$15.14$3.89B13.52102.21%-146.9%-75.24%—
CIFR logoCIFRCipher Mining Inc.
$19.09$7.81B-8.8825.29%-3663.46%-151.95%—
BTBT logoBTBTBit Digital, Inc.
$1.86$651.03M-6.00-32.54%-5.6%-38.19%—

Compare CORZ vs Peers

Core Scientific, Inc. (CORZ) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs RIOT

Most directly comparable listed peer for CORZ.

Scale Benchmark

vs NVDA

Larger-name benchmark to compare CORZ against a more recognizable public peer.

Peer Set

Compare Top 5

vs RIOT, MARA, CLSK, CIFR

05

Keep researching

Verify the primary filings, follow material updates, and answer the remaining questions.

CORZ SEC Filings & Documents

Core Scientific, Inc. (CORZ) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Jul 29, 2026·SEC

Material company update

Jul 28, 2026·SEC

Material company update

Jul 28, 2026·SEC

10-K Annual Reports

2
FY 2026

Mar 2, 2026·SEC

FY 2025

Feb 27, 2025·SEC

10-Q Quarterly Reports

5
FY 2026

Jul 28, 2026·SEC

FY 2026

May 6, 2026·SEC

FY 2025

Oct 24, 2025·SEC

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CORZ Frequently Asked Questions

Core Scientific, Inc. (CORZ) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is Core Scientific, Inc.'s revenue?

Core Scientific, Inc. (CORZ) reported $440.3M in revenue for fiscal year 2025. This represents a 640% increase from $59.5M in 2019.

How fast is Core Scientific, Inc. growing?

Core Scientific, Inc. (CORZ) saw revenue decline by 37.5% over the past year.

Is CORZ profitable?

Core Scientific, Inc. (CORZ) reported a net loss of $1.44B for fiscal year 2025.

Dividend & Returns
What is Core Scientific, Inc.'s free cash flow?

Core Scientific, Inc. (CORZ) had negative free cash flow of $967.9M in fiscal year 2025, likely due to heavy capital investments.

What if you invested $1,000 in CORZ back in 2019?

Total return calculator · dividends reinvested · 7+ years of data

See returns →