Core Scientific, Inc./tx
For the period ended Sep 30, 2026. Filed Nov 5, 2026.
View on SEC.govAbout 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$12.72+8.2%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Table of Contents
| Page | ||
|---|---|---|
| PART I — FINANCIAL INFORMATION | ||
| Item 1. Financial Statements (Unaudited) | ||
| Condensed Consolidated Balance Sheets | 6 | |
| Condensed Consolidated Statements of Operations | 7 | |
| Condensed Consolidated Statements of Changes in Stockholders’ Deficit | 8 | |
| Condensed Consolidated Statements of Cash Flows | 9 | |
| Notes to Unaudited Condensed Consolidated Financial Statements | 11 | |
| 1 — Organization and Description of Business | 11 | |
| 2 — Summary of Significant Accounting Policies | 11 | |
| 3 — Asset Acquisitions | 13 | |
| 4 — Property, Plant and Equipment | 14 | |
| 5 — Balance Sheet Components | 15 | |
| 6 — Leases | 16 | |
| 7 — Debt | 18 | |
| 8 — Warrants | 21 | |
| 9 — Fair Value Measurements | 22 | |
| 10 — Commitments and Contingencies | 24 | |
| 11 — Income Taxes | 26 | |
| 12 — Stock-Based Compensation | 27 | |
| 13 — Net Income (Loss) Per Share | 28 | |
| 14 — Segment Reporting | 29 | |
| Item 2. | Management’s Discussion and Analysis of Financial Condition and Results of Operations | 32 |
| Item 3. | Quantitative and Qualitative Disclosures About Market Risk | 48 |
| Item 4. | Controls and Procedures | 48 |
| PART II — OTHER INFORMATION | ||
| Item 1. | Legal Proceedings | 50 |
| Item 1A. | Risk Factors | 50 |
| Item 2. | Unregistered Sales of Equity Securities and Use of Proceeds | 51 |
| Item 3. | Defaults Upon Senior Securities | 51 |
| Item 4. | Mine Safety Disclosures | 52 |
| Item 5. | Other Information | 52 |
| Item 6. | Exhibits | 52 |
| Signatures | 53 | |
GLOSSARY OF TERMS
The following terms, abbreviations and acronyms are used throughout this Form 10-Q, including the consolidated financial statements and related notes:
| AI | Artificial Intelligence |
|---|---|
| AMD | Advanced Micro Devices, Inc. |
| ASC | Accounting Standards Codification |
| ASU | Accounting Standards Update |
| CODM | Chief Operating Decision Maker |
| CoreWeave | CoreWeave, Inc. |
| Core Scientific Finance | Core Scientific Finance I LLC, an indirect wholly-owned subsidiary of Core Scientific, Inc. |
| CVR | Contingent Value Right |
| EBITDA | Earnings before interest, taxes, depreciation and amortization |
| EPS | Earnings per share |
| ERCOT | Electric Reliability Council of Texas |
| FASB | Financial Accounting Standards Board |
| GAAP | U.S. Generally Accepted Accounting Principles |
| GW | Gigawatts |
| HDC | High-density colocation |
| HPC | High-performance computing |
| IT | Information technology |
| MSU | Market Condition Restricted Stock Unit |
| MW | Megawatts |
| PSU | Performance Share Unit |
| REIT | Real Estate Investment Trust |
| RSU | Restricted Stock Unit |
| RTSR | Relative Total Shareholder Return |
| SEC | U.S. Securities and Exchange Commission |
| SOFR | Secured Overnight Financing Rate |
PART I. FINANCIAL INFORMATION
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.