Core Scientific, Inc./tx
For the period ended Sep 30, 2025. Filed Oct 24, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2025 · Filed Oct 24, 2025
CORZ$13.13+3.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows (Unaudited)
Condensed Consolidated Statements of Cash Flows
| Nine Months Ended September 30, | ||
|---|---|---|
| 2025 | 2024 | |
| Cash flows from Operating Activities: | ||
| Net loss | $(502,766) | $(1,049,464) |
| Adjustments to reconcile net loss to net cash (used in) provided by operating activities: | ||
| Depreciation and amortization | 54,816 | 87,164 |
| Losses on exchange or disposal of property, plant and equipment | 7,105 | 4,061 |
| Amortization of operating lease right-of-use assets | 8,248 | 3,802 |
| Stock-based compensation | 70,301 | 27,957 |
| Digital asset self-mining revenue | (187,396) | (328,840) |
| Proceeds from sale of digital assets generated by self-mining and shared hosting revenues1 | — | 330,900 |
| (Increase) decrease in fair value of digital assets | (30,066) | 247 |
| Decrease in fair value of energy derivatives | — | (2,262) |
| Increase in fair value of warrant liabilities | 365,041 | 1,223,775 |
| Decrease in fair value of contingent value rights | (1,683) | (79,334) |
| Loss on debt extinguishment | 1,377 | 487 |
| Amortization of debt discount | 4,676 | 2,362 |
| Non-cash reorganization items | — | (143,791) |
| Non-cash PIK interest expense | — | 3,946 |
| Changes in operating assets and liabilities: | ||
| Customer funding receivable and other current assets | 19,128 | (1,875) |
| Accounts payable | (17,618) | (11,640) |
| Accrued expenses | 24,939 | (44,873) |
| Deferred revenue from colocation services | 323,796 | — |
| Deferred revenue from hosted mining services | 2,158 | 115 |
| Other noncurrent assets and liabilities, net | (16,874) | 6,354 |
| Net cash provided by operating activities | 125,182 | 29,091 |
| Cash flows from Investing Activities: | ||
| Purchases of property, plant and equipment | (454,194) | (66,203) |
| Proceeds from sales of property and equipment | 1,929 | — |
| Purchase of equity investments | (5,000) | — |
| Investments in intangible assets | (10,160) | (191) |
| Net cash used in investing activities | (467,425) | (66,394) |
| Cash flows from Financing Activities: | ||
| Principal repayments of finance leases | (1,672) | (5,328) |
| Principal payments on debt | (8,613) | (291,888) |
| Debt extinguishment payments | (26,862) | — |
| Proceeds from exercise of warrants | 1,746 | 1,913 |
| Taxes paid related to net share settlement of equity awards | (5,893) | — |
| Proceeds from the issuance of 3.00% convertible senior notes, net | — | 447,609 |
| Issuance costs for 3.00% convertible senior notes | — | (2,529) |
| Proceeds from issuance of new common stock | — | 55,000 |
| Proceeds from draw from exit facility | — | 20,000 |
| Restricted stock tax holding obligations | — | (3,390) |
| Proceeds from exercise of stock options | — | 9 |
| Net cash (used in) provided by financing activities | (41,294) | 221,396 |
| Net (decrease) increase in cash, cash equivalents and restricted cash | (383,537) | 184,093 |
| Cash, cash equivalents and restricted cash—beginning of period | 836,980 | 69,709 |
| Cash, cash equivalents and restricted cash—end of period | $453,443 | $253,802 |
1 Proceeds from digital assets received as noncash revenue consideration liquidated nearly immediately after receipt as a routine operating activity.
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