NASDAQ$CORZ

Core Scientific · Q3 2025 earnings

Q3 2025 earnings · · After market close

Briefing

Core Scientific reported Q3 2025 revenue with a net loss as bitcoin mining and HPC hosting scaled.

The company reported a net loss of $144.0 million for the quarter ended September 30, 2025, as it expanded data-center capacity for AI and digital asset compute workloads.

  • Net loss $144.0M reflects growth investments and power costs.
  • HPC and colocation contracts diversify beyond bitcoin mining.
  • Energy costs and hash-price volatility affect mining margins.
  • Balance-sheet and liquidity support capex for facility expansion.

Headline financials

Total Revenue

$81.1M

Previous: $95.4M-14.9%
EPS (adj)

-$0.16

Previous: -$1.17+86.3%
Colocation Gross Margin

26.0%

No prior period
Capital Expenditures

-$454M

Previous: -$66.2M-586.1%
Net Income

-$147M

Previous: -$455M+67.8%
Operating Income

-$57.4M

Previous: -$41.2M-39.3%
Gross Profit

$3.91M

Previous: -$156K+2603.2%

Revenue & EPS history

Core Scientific · Revenue · Quarterly

$81.1M

Q3 2025-14.9%vs Q3 2024
Beat estimate in 1 of 5 quarters(20%)
ActualEstimate

Forward guidance

The release discusses Core Scientific's outlook, capital allocation, and key risks for upcoming quarters, including guidance ranges or operating priorities where disclosed.

Tailwinds

  • Core Scientific cites demand and execution supporting the near-term outlook.
  • Liquidity and balance-sheet capacity support operations and shareholder returns.

Headwinds

  • Power costs and crypto/HPC demand volatility can swing quarterly profitability.
  • GAAP profitability remained under pressure in Q3 2025.
  • Macro, input costs, and FX may pressure margins quarter to quarter.
  • Segment mix and one-time items can affect comparability versus prior periods.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 8 quarterly earnings reports · overlaid with Q3 2025

Historical avgQ3 2025

+3.9%

Avg return

Earnings day

+6.3%

Avg return

5 days after

+20.6%

Avg return

30 days after

75%

6 / 8 earnings

Positive

+11.0%

Q1 2026

Best reaction

-7.2%

Q4 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+11.0%+3.4%+16.5%
Q4 2025-7.2%-9.9%-1.6%
Q3 2025+0.0%+7.2%-18.6%
Q1 2025+6.2%+15.1%+37.0%
Q4 2024+6.9%-4.3%-25.3%
Q3 2024+10.1%+34.2%+30.5%
Q2 2024+1.1%-2.5%-4.0%
Q1 2024+3.0%+7.5%+130.2%
Q3 2023
Q2 2023
Q1 2023
Q3 2022
Q2 2022
Q1 2022

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