---
title: "Core Scientifc - CW27 | 8-K: FY2026 Q1 Revenue: USD 115.24 M"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/285430665.md"
datetime: "2026-05-06T20:16:16.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/285430665.md)
  - [en](https://longbridge.com/en/news/285430665.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/285430665.md)
generator: "portal-rs"
---

# Core Scientifc - CW27 | 8-K: FY2026 Q1 Revenue: USD 115.24 M

Revenue: As of FY2026 Q1, the actual value is USD 115.24 M.

EPS: As of FY2026 Q1, the actual value is USD -1.06.

EBIT: As of FY2026 Q1, the actual value is USD -305.57 M.

#### Overall Performance

-   **Gross Profit**: Rose significantly to $30.1 million in Q1 2026 from $8.2 million in Q1 2025.
-   **Net Loss**: The company reported a net loss of -$347.2 million in Q1 2026, compared to a net income of $576.3 million in Q1 2025. This net loss included -$266.5 million in non-cash impairment charges and a -$30.8 million non-cash loss from changes in the fair value of warrants and contingent value rights.
-   **Operating Loss**: The operating loss was -$310.4 million in Q1 2026, a substantial increase from -$47.0 million in Q1 2025.
-   **Non-GAAP Adjusted EBITDA**: Improved to $4.4 million in Q1 2026 from -$6.1 million in Q1 2025.
-   **Capital Expenditures**: Totaled $389.2 million in Q1 2026, with $129.9 million funded by CoreWeave, Inc. This is a significant increase from $83.980 million in Q1 2025.

#### Segment Performance

-   **Colocation Segment**:
    -   **Revenue**: Increased to $77.5 million in Q1 2026 from $8.6 million in Q1 2025, driven by incremental billable customer power capacity.
    -   **Gross Profit**: Reached $43.9 million in Q1 2026, up from $0.5 million in Q1 2025.
    -   **Gross Margin**: Improved to 57% in Q1 2026 from 5% in Q1 2025.
-   **Digital Asset Self-Mining Segment**:
    -   **Revenue**: Decreased to $30.1 million in Q1 2026 from $67.2 million in Q1 2025, primarily due to a 45% decrease in bitcoin mined and an 18% decrease in the average bitcoin price.
    -   **Gross Profit**: Resulted in a gross loss of -$17.1 million in Q1 2026, down from a gross profit of $6.0 million in Q1 2025.
    -   **Gross Margin**: Was -57% in Q1 2026, compared to 9% in Q1 2025.
-   **Digital Asset Hosted Mining Segment**:
    -   **Revenue**: Increased to $7.6 million in Q1 2026 from $3.8 million in Q1 2025.
    -   **Gross Profit**: Increased to $3.3 million in Q1 2026 from $1.7 million in Q1 2025.
    -   **Gross Margin**: Was 43% in Q1 2026, slightly down from 46% in Q1 2025.

#### Cash Flow and Liquidity

-   **Net Cash from Operating Activities**: Core Scientific, Inc. generated $249.9 million in net cash from operating activities in Q1 2026, a significant improvement from -$45.0 million used in Q1 2025.
-   **Liquidity**: As of March 31, 2026, liquidity stood at $1.04 billion, comprising $1.01 billion in cash and cash equivalents and $37.3 million in bitcoin.

#### Strategic Developments and Unique Metrics

-   **Capital Structure**: Core Scientific, Inc. strengthened its capital structure by closing a $3.3 billion offering of 7.75% senior secured notes due 2031, which will support strategic data center development projects.
-   **Expansion**: The company expanded its total gross power capacity pipeline to 4.5 GW, including planned 1.5 GW expansions at its Muskogee, Oklahoma, and Pecos, Texas campuses.
-   **Acquisition**: Core Scientific, Inc. acquired land and power in Hunt County, Texas, for approximately $233 million, expected to support approximately 430 MW of gross power capacity.
-   **Colocation Billing**: The company is billing for 243 MW of capacity, representing approximately $350 million in average annualized colocation GAAP revenue.

#### Outlook / Guidance

Core Scientific, Inc. is investing ahead of contracts, advancing ready-for-service dates, and moving development forward across multiple sites. This execution capability is accelerating customer discussions and reinforcing the value of its high-density compute infrastructure platform. The company is also repurposing its remaining mining facilities to support its high-density colocation services business.

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**