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Core Scientific, Inc./tx

For the period ended Sep 30, 2026. Filed Nov 5, 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.

Sep 30, 2026 · Filed Nov 5, 2026

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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13 — Net Income (Loss) Per Share

  1. NET INCOME (LOSS) PER SHARE

Basic EPS is measured as the net income (loss) available to common stockholders divided by the weighted average common shares outstanding for the period. Diluted EPS reflects the potential dilution from unvested RSUs, PSUs, and MSUs, conversion of convertible securities using the if-converted method, and exercise of options and warrants using the treasury stock method. When potentially dilutive securities have an antidilutive effect, they are excluded from the diluted EPS calculation.

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 September 30, 2026, approximately 6.3 million shares of common stock remain issuable upon the exercise of the Tranche 2 Warrants and are included in weighted average shares outstanding for the three and nine months then ended. The basic EPS numerator is adjusted to eliminate changes in fair value of Tranche 2 Warrants recognized in net income (loss).

The following table presents the reconciliation of the numerators and denominators used to compute basic and diluted net income (loss) per share for the periods indicated (in thousands, except per share amounts):

Three Months Ended September 30,Nine Months Ended September 30,
2026202520262025
Numerator:
Net income (loss)$1,178,130$(144,027)$(324,368)$(504,575)
Add: Change in fair value of Tranche 2 Warrants(56,156)(849)22,70733,311
Basic net income (loss)1,121,974(144,876)(301,661)(471,264)
Add: Interest expense related to convertible notes, net of tax, and change in fair value of Tranche 1 Warrants(902,638)———
Diluted net income (loss)$219,336$(144,876)$(301,661)$(471,264)
Denominator:
Weighted average shares outstanding - basic327,700318,562325,334317,363
Effect of dilutive securities:
RSUs, PSUs, and MSUs9,498———
Stock options26———
Tranche 1 warrants62,171———
Convertible notes69,611———
Weighted average shares outstanding - diluted469,006318,562325,334317,363
Net income (loss) per share - basic$3.42$(0.45)$(0.93)$(1.48)
Net income (loss) per share - diluted$0.47$(0.45)$(0.93)$(1.48)

The following table presents shares issuable from potentially dilutive securities outstanding at the dates indicated, which were excluded from the calculation of diluted EPS for periods in which their inclusion would have been antidilutive (in thousands):

September 30, 2026September 30, 2025
RSUs, PSUs, and MSUs16,10824,792
Stock options334344
Tranche 1 Warrants94,90697,394
Convertible Notes69,61169,611
AMD Warrant - equity-classified portion6,472—
Total shares issuable from potentially dilutive securities187,431192,141
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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.