Core Scientific, Inc./tx
For the period ended Mar 31, 2026. Filed May 6, 2026.
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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.
Mar 31, 2026 · Filed May 6, 2026
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4 — Balance Sheet Components
- BALANCE SHEET COMPONENTS
Customer funding receivable and other current assets as of March 31, 2026 and December 31, 2025 consisted of the following
(in thousands):
| March 31, 2026 | December 31, 2025 | |
|---|---|---|
| Customer funding receivable | $315,667 | $337,158 |
| Other | 36,461 | 25,001 |
| Total customer funding receivable and other current assets | $352,128 | $362,159 |
Customer funding receivable represents amounts due from the Company’s customer for construction-related payables and
accrued expenses incurred on their behalf. The Company collects these amounts from the customer prior to payment to vendors.
Obligations related to customer items are paid soon after reimbursement. As of March 31, 2026,$187.7 million of the related
obligations were included in accrued expenses and$128.0 million were included in accounts payable, compared with$290.6 million
in accrued expenses and$46.6 million in accounts payable as of December 31, 2025.
Accrued expenses as of March 31, 2026 and December 31, 2025 consisted of the following (in thousands):
| March 31, 2026 | December 31, 2025 | |
|---|---|---|
| Accrued customer funded construction | $193,669 | $290,603 |
| Accrued capital expenditures | 118,681 | 197,888 |
| Other | 52,129 | 23,466 |
| Total accrued expenses | $364,479 | $511,957 |
Other noncurrent liabilities as of March 31, 2026 and December 31, 2025 consisted of the following (in thousands):
| March 31, 2026 | December 31, 2025 | |
|---|---|---|
| Operating lease liabilities, net of current portion | $86,181 | $89,011 |
| Customer security deposit, net of current portion | 11,040 | 11,040 |
| Other | 3,428 | 4,210 |
| Total other noncurrent liabilities | $100,649 | $104,261 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.