Revenue: As of FY2026 Q1, the actual value is USD 115.24 M.

EPS: As of FY2026 Q1, the actual value is USD -1.06.

EBIT: As of FY2026 Q1, the actual value is USD -305.57 M.

Overall Performance

• Gross Profit: Rose significantly to $30.1 million in Q1 2026 from $8.2 million in Q1 2025.
• Net Loss: The company reported a net loss of -$347.2 million in Q1 2026, compared to a net income of $576.3 million in Q1 2025. This net loss included -$266.5 million in non-cash impairment charges and a -$30.8 million non-cash loss from changes in the fair value of warrants and contingent value rights.
• Operating Loss: The operating loss was -$310.4 million in Q1 2026, a substantial increase from -$47.0 million in Q1 2025.
• Non-GAAP Adjusted EBITDA: Improved to $4.4 million in Q1 2026 from -$6.1 million in Q1 2025.
• Capital Expenditures: Totaled $389.2 million in Q1 2026, with $129.9 million funded by CoreWeave, Inc. This is a significant increase from $83.980 million in Q1 2025.

Segment Performance

• Colocation Segment:
  • Revenue: Increased to $77.5 million in Q1 2026 from $8.6 million in Q1 2025, driven by incremental billable customer power capacity.
  • Gross Profit: Reached $43.9 million in Q1 2026, up from $0.5 million in Q1 2025.
  • Gross Margin: Improved to 57% in Q1 2026 from 5% in Q1 2025.
• Digital Asset Self-Mining Segment:
  • Revenue: Decreased to $30.1 million in Q1 2026 from $67.2 million in Q1 2025, primarily due to a 45% decrease in bitcoin mined and an 18% decrease in the average bitcoin price.
  • Gross Profit: Resulted in a gross loss of -$17.1 million in Q1 2026, down from a gross profit of $6.0 million in Q1 2025.
  • Gross Margin: Was -57% in Q1 2026, compared to 9% in Q1 2025.
• Digital Asset Hosted Mining Segment:
  • Revenue: Increased to $7.6 million in Q1 2026 from $3.8 million in Q1 2025.
  • Gross Profit: Increased to $3.3 million in Q1 2026 from $1.7 million in Q1 2025.
  • Gross Margin: Was 43% in Q1 2026, slightly down from 46% in Q1 2025.

Cash Flow and Liquidity

• Net Cash from Operating Activities: Core Scientific, Inc. generated $249.9 million in net cash from operating activities in Q1 2026, a significant improvement from -$45.0 million used in Q1 2025.
• Liquidity: As of March 31, 2026, liquidity stood at $1.04 billion, comprising $1.01 billion in cash and cash equivalents and $37.3 million in bitcoin.

Strategic Developments and Unique Metrics

• Capital Structure: Core Scientific, Inc. strengthened its capital structure by closing a $3.3 billion offering of 7.75% senior secured notes due 2031, which will support strategic data center development projects.
• Expansion: The company expanded its total gross power capacity pipeline to 4.5 GW, including planned 1.5 GW expansions at its Muskogee, Oklahoma, and Pecos, Texas campuses.
• Acquisition: Core Scientific, Inc. acquired land and power in Hunt County, Texas, for approximately $233 million, expected to support approximately 430 MW of gross power capacity.
• Colocation Billing: The company is billing for 243 MW of capacity, representing approximately $350 million in average annualized colocation GAAP revenue.

Outlook / Guidance

Core Scientific, Inc. is investing ahead of contracts, advancing ready-for-service dates, and moving development forward across multiple sites. This execution capability is accelerating customer discussions and reinforcing the value of its high-density compute infrastructure platform. The company is also repurposing its remaining mining facilities to support its high-density colocation services business.