earnings
confidence high
sentiment negative
materiality 0.75
Core Scientific Q1 2026: Revenue up to $115.2M but net loss $347.2M; closes $3.3B notes
Core Scientific, Inc./tx
2026-Q1 EPS reported
-$1.06
revenue$115,244,000
- Revenue $115.2M (+45% YoY); colocation revenue $77.5M (vs $8.6M) driving growth.
- Net loss $347.2M includes $266.5M non-cash impairment; Adjusted EBITDA $4.4M vs -$6.1M.
- Closed $3.3B 7.75% senior secured notes due 2031 to fund data-center development.
- Power capacity pipeline expanded to 4.5 GW; acquired Hunt County, TX land for $233M (~430 MW).
- Liquidity $1.04B at quarter-end; CapEx $389.2M (partly funded by CoreWeave).