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Core Scientific, Inc./tx

For the period ended Mar 31, 2026. Filed May 6, 2026.

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About this filing

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.

Mar 31, 2026 · Filed May 6, 2026

CORZ$11.76+3.3%Stored close · as of Nov 6, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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12 — Net Loss Per Share

  1. NET (LOSS) INCOME PER SHARE

Basic earnings per share (“EPS”) is measured as the income or loss available to common stockholders divided by the weighted

average common shares outstanding for the period. Upon exercise of the Tranche 2 Warrants, shares are issuable for little or no

consideration, sometimes referred to as “penny warrants”. Under ASC 260-10-45-13, those issuable shares are considered outstanding

in the computation of basic EPS whether or not related warrants have been exercised. At March 31, 2026, approximately 7.8 million

shares of common stock remain issuable upon the exercise of the Tranche 2 Warrants and are included in the number of outstanding

shares used for the computation of basic EPS for thethree months then ended. Additionally, the basic EPS numerator includes an

adjustment to eliminate the changes in fair value that have been recognized in net (loss) income.

Diluted EPS includes and presents the dilutive effect on EPS from the potential issuance of shares from unvested restricted

stock units, conversion of convertible securities, or the exercise of options and/or warrants. The potentially dilutive effect of

convertible securities is calculated using the if-converted method. The potentially dilutive effect of options or warrants are computed

using the treasury stock method. When potentially dilutive securities have an anti-dilutive effect (i.e., increase income per share or

decrease loss per share), they are excluded from the diluted EPS calculation.

The following table sets forth reconciliations of the numerators and denominators used to compute basic and diluted (loss)

income per share (in thousands, except per share amounts):

Three Months Ended March 31,
20262025
Numerator:
Net (loss) income$(347,188)$576,251
Add: Change in fair value of Tranche 2 Warrants4,750(127,372)
Basic and diluted net (loss) income$(342,438)$448,879
Denominator:
Weighted average shares outstanding - basic322,911315,186
Effect of dilutive securities:
Tranche 1 Warrants—39,232
RSUs, PSUs, and MSUs—8,896
Weighted average shares outstanding - diluted322,911363,314
Net (loss) income per share - basic$(1.06)$1.42
Net (loss) income per share - diluted$(1.06)$1.24

Pote ntially dilutive securities include securities excluded from the calculation of diluted EPS because to do so would be anti-

dilutive. Shares which may be issued from potentially dilutive securities are as follows (in thousands):

Three Months Ended March 31,
20262025
Convertible Notes69,61169,611
RSUs, PSUs, and MSUs15,3341,249
Stock options344321
Tranche 1 Warrants96,654—
Total shares issuable from potentially dilutive securities181,94371,181
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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.