Read from its own SEC filings · nothing written, nothing inferred

Core Scientific, Inc./tx $CORZ

🫧 Edgar looked up Core Scientific, Inc./tx ($CORZ). Last filing: 8-K (7.01 Regulation FD Disclosure), 2026-09-10. 26 event filings (8-K) in the past twelve months. Auditor change (8-K Item 4.01) filed 2025-03-13. Non-reliance (8-K Item 4.02) filed 2026-03-02.

🔖 Exposure: revenue $319.0M (FY2025). Experience: revenue down 37.5% on the year, down 12.5% a year over 4 years; operating margin -77.0%, down from -27.8%. Soundness: equity -41.0% of assets (liabilities exceed assets). Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $157.5M and $314.2M next year (method v4.1: its own 4-year record of growth weighed at 50% against $100M–1B filers; on a year the method never saw, 83.4% landed inside). In a shock year the stress range is $132.2M to $376.9M. A statistical range, not company guidance. Against peers (36 filers, $50M+ revenue, finance services): operating margin -77.0% against a -6.4% median; growth -37.5% against 16.8%.

Core Scientific, Inc./tx against its own record and its peers
Operating marginPeer median -6.4%-77.0%Revenue, on the yearPeer median 16.8%-37.5%Equity of assetsPeer median 41.9%-41.0%Gold tick: the median of 46–46 peers with $50M+ revenue in finance services

The figures, as filed

Fiscal year end2025-12-31
Revenue$319M
Revenue, on the year−37.5%
Revenue, a year over the record−12.5%
Operating margin−77.0%
Operating margin, prior year−27.8%
Net margin−90.5%
Research and developmentnot filed separately
Free cash flow−$451M
Cash$311M
Total debt—
Equity of assets−41.0%
Return on equity—
Payout of profit—
Dividend per share—
Earnings per share$-0.88
Book value per share$-3.03
Revenue per share$1.00
Shares outstanding318,068,000
Audited years read5

Peers: the median of 36 filers with $50M+ revenue in finance services.

Health watch · last 12 months

Events the company itself filed with the SEC, most serious first. Shown beside the figures; they do not change the range or its receipt.

Health Harbor

Core Scientific, Inc./tx sails as: Rotting at the dock

Tied up at the dock.

New shipno warning signs
Sound shipone warning sign
Weathered boattwo warning signs
Old boatthree warning signs
Rotting at the dockfour or more warning signs

Boat condition = number of warning signs: a serious warning filing in 12 months; liabilities over assets; slow and jumpy; negative operating cash; an 80% revenue range of ±25% or wider. A picture of the signs, not a rating and not investment advice.

Speed and cash · fiscal 2025

Cash Compass🍂 Fading · slow and jumpy, lagging its peers
Inside viewTurns 87.2% of revenue into operating cash; revenue shrinking 20.7% a year over three years; no common dividend; liabilities exceed assets.
Outside viewAmong $100M-1B companies: 98th percentile for cash, 3rd for growth. cash growth

Both views must agree for a label · market view (price) not sourced; add a price at /boards/ask.json?q=TICKER&price=… · a description, not advice.

Cash conversion (operating cash ÷ revenue)87.2%
Growth speed (3 years, per year)-20.7%
Revenue swing (std-dev of yearly growth)28.0%
Speed and steadinessSlow and jumpy
Common dividendnone
Equity of assets-41.0%

Core Scientific, Inc./tx is growing slower than its size class, with revenue that swings more. SEC XBRL frames, the company’s own audited figures; quadrant split at the median of its size class.

Recent filings

Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price. Reporting, not investment advice. No price targets and no trading recommendations. Figures from the SEC’s own data · every filing · this page as JSON · ask about another company

1 · Watch

Tell me when they file

Or tap watch on any row above. One note the day they file, from Edgar, each with a one-click stop link. Handled to EU GDPR and Japan APPI standards.

On Bluesky: follow Edgar & Edgarette.

2 · Price it

A new leader’s rebrand and launch

Priced live by the same engine as our estimator, from the catalogue at wholesale.

Price the printing · Open the full estimator

✦ Build the kit yourself
3 · Confirm

Check it with Jenny

Most buyers check what they found, or what their AI found, with one person before they commit. That person is the principal.

Jenny Huang Goodman MPA MSc MHSA, Principal

Book a time (757) 390-0424
Independence. Every range, flag and score on these boards is identical for everyone. Clients of POPS4 or Hako Shikin receive no different numbers, no earlier access and no say in what is published. The service lines shown beside each board describe work we do; they never change the data. For reviewers: Method · Terms of use · Status
Free · unsponsored · source-linked

Clean data. No ads. Not now, not later.

Nine boards reading every SEC filing the day it lands, ten editorial desks publishing daily, an open endpoint other AIs can query, and a 70,000-product house behind all of it. This is the public record end of it.

Every row is a filing.Straight from the company's own SEC document, linked. Nothing written, nothing inferred.
Nobody is watching you read.No ad trackers, no cookies from us. Our page counts are cookieless.
One email, one job.Watch a company and we hold that address for the alert alone. One tap ends it. Never shared, never passed on.
The house pays for this.Corporate event programs, corporate supplies and branded merchandise, since 1997. That is what funds the desks, under the house's own vendor standards.
Free to reuse with credit · CC BY 4.0 · how the boards are built