Reading the tape
NASDAQ: CORZ
Core Scientific, Inc.
Technology · Software - Infrastructure
Market Cap
$7.03B
52w High
$23.63
52w Low
$8.47
P/E
-24.65
Volume
8.34M
Outstanding Shares
315.59M
Price vs Fundamentals
Why The Stock Is Moving
Momentum disconnected from fundamentalsModerate confidence
Note: The most recent financial data is over 3 months old. Metrics shown may not reflect the latest reporting period.
1Y Price: 146.57%Revenue (TTM): -37.53%FCF (TTM): -787.32%P/S: 100th pct
What changed
The stock rose 146.57% over the last year. Revenue declined 37.53% over the trailing twelve months. Operating margin moved from -3.76% to -38.03%. Free cash flow declined 787.32% over the trailing twelve months.
What the market seems to be pricing
The stock is rising despite deteriorating fundamentals and now sits at the 100th percentile of its historical P/S range. This is a momentum-driven move — the market may be front-running a recovery that has not yet appeared in reported numbers.
What would invalidate this read
Operating margin (currently -38.03%) would need to stabilize or improve to justify the move. Revenue is declining 37.53% — a trend reversal in the next report would be the key signal to watch. This read is wrong if the next period shows operating metrics turning the corner. At that point the price would be anticipating real improvement rather than running ahead of it.
Company profile
Core Scientific, Inc. operates facilities for digital asset mining and colocation services in North America.
CEOAdam Sullivan
SectorTechnology
IndustrySoftware - Infrastructure
Employees325
IPO dateJan 24, 2024
Valuation
Forward P/E—
EV/EBITDA-70.99
Enterprise value$5.38B
Stock splits
No stock splits recorded for this ticker.
Profitability & growth
Revenue growth-15.97%
Gross margin11.88%▼49.89%vs FY2024
Operating margin-38.03%▼1106.64%vs FY2024
ROE29.98%▼81.30%vs FY2024
Analyst consensus
RatingBuy
Target price$23.75▲6.69%
19
Buy
3
Hold
0
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
May 6, 2026
Q2 FY26 · EPS est -$0.02 · Revenue est $117.04M
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