NASDAQ$CORZ
Core Scientific · Q4 2025 earnings
Q4 2025 earnings · · After market close
Briefing
Core Scientific reported Q4 2025 revenue of $79.8M and net income of $216.0M.
Q4 revenue fell to $79.8 million as self-mining revenue declined with bitcoin prices, while colocation revenue rose to $31.3 million. GAAP net income was $216.0 million, primarily from a gain on digital assets; non-GAAP adjusted EBITDA was $(42.7) million. CapEx was $279.2 million, largely CoreWeave-funded.
- Colocation revenue $31.3M (+269% YoY).
- Adjusted EBITDA $(42.7)M on lower mining revenue.
- HPC/colocation pivot with CoreWeave partnership.
- Bitcoin price and power costs remain key sensitivities.
Headline financials
Revenue & EPS history
Core Scientific · Revenue · Quarterly
$79.8M
Forward guidance
Pivot toward HPC colocation; mining economics tied to bitcoin.
Tailwinds
- Colocation revenue growth.
- CoreWeave-funded datacenter build.
Headwinds
- Adjusted EBITDA loss in Q4.
- Digital asset price volatility.
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 Q4 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
| Quarter | Report date | Reaction (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 | — | — | — |
Discussion
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