← Core Scientific, Inc./tx
| Annual Trend | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|
| Revenue: | |||||||
| Revenue from customers and related parties | $54.2m | $327.6m | $242.5m | — | — | — | |
| Total cost of revenue | $50.9m | $305.6m | $487.1m | $378.9m | $389.6m | $281.1m | |
| Gross profit | $9.4m | $238.9m | $8.4m | $123.5m | $121.1m | $37.9m | |
| Selling, general and administrative | — | — | — | $108.1m | $113.7m | $159.2m | |
| Decrease in fair value of digital assets | — | — | $0 | $0 | ($1.1m) | $31.6m | |
| Gain from sale of digital assets | — | — | $44.3m | $3.9m | $0 | $0 | |
| Impairment of digital assets | ($4k) | ($37.2m) | ($231.3m) | ($4.4m) | $0 | $0 | |
| Decrease in fair value of energy derivatives | — | $0 | $0 | ($3.9m) | ($2.8m) | $0 | |
| Loss on disposal of property, plant and equipment | ($2k) | ($118k) | ($28.0m) | ($2.0m) | ($4.2m) | $9.7m | |
| Impairment of property, plant and equipment | $0 | $0 | ($590.7m) | $0 | $0 | $11.4m | |
| Advisor fees | — | — | — | $0 | $4.8m | $23.4m | |
| Operating (loss) income | ($6.3m) | ($5.2m) | ($2.1b) | $9.0m | ($19.2m) | ($245.6m) | |
| Loss (gain) on debt extinguishment | $1.3m | $8.0m | $287k | ($20.1m) | $487k | $1.9m | |
| Change in fair value of warrants and contingent value rights | — | — | ($37.9m) | $0 | $1.4b | $33.1m | |
| Reorganization items, net | $0 | $0 | ($197.4m) | $191.1m | ($111.4m) | $0 | |
| Loss on legal settlements | $5.8m | ($2.6m) | $0 | $0 | $2.1m | $10.7m | |
| Loss before income taxes | ($12.2m) | $63.1m | ($2.2b) | ($245.8m) | ($1.3b) | ($288.0m) | |
| Net loss | ($12.2m) | ($32.5m) | ($2.1b) | ($246.5m) | ($1.3b) | ($288.6m) | |
| Net loss per share, basic (in dollars per share) | ($0) | $0 | ($6) | ($1) | ($4) | ($1) | |
| Net loss per share, diluted (in dollars per share) | ($0) | $0 | ($6) | ($1) | ($4) | ($1) | |
| Weighted average shares outstanding, basic (in shares) | 157.6m | 207.3m | 340.6m | 379.9m | 255.8m | 318.1m | |
| Weighted average shares outstanding, diluted (in shares) | 157.6m | 233.3m | 340.6m | 379.9m | 255.8m | 318.1m | |
| Colocation organizational and site startup costs | — | — | — | $0 | $13.7m | $48.2m | |
| Interest (income) expense, net | $4.4m | $44.4m | $96.8m | $86.2m | $37.1m | ($3.3m) | |
| Other non-operating expense (income), net | $110k | $2k | $5.2m | ($2.5m) | ($325k) | $39k | |
| Total non-operating expense, net | $5.9m | $68.4m | $53.9m | $254.8m | $1.3b | $42.4m | |
| Income tax expense | $0 | $15.8m | ($17.1m) | $683k | $859k | $583k |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.