Applied Digital Corp. (APLD)
Q1-CY2026Q4-CY2025Q3-CY2025Q2-CY2025Q1-CY2025Q4-CY2024Q3-CY2024Q2-CY2024Q1-CY2024Q4-CY2023Q3-CY2023Q2-CY2023Q1-CY2023Q4-CY2022Q3-CY2022Q2-CY2022Q1-CY2022Q4-CY2021Q3-CY2021Q2-CY2021Q1-CY2021Q4-CY2020Q3-CY2020Q2-CY2020Q1-CY2020Q4-CY2019Q3-CY2019Q2-CY2019Q1-CY2019Q4-CY2018Q3-CY2018Q2-CY2018Q1-CY2018Q4-CY2017Q3-CY2017Q2-CY2017Q1-CY2017Q4-CY2016Q3-CY2016Q2-CY2016Q1-CY2016Q4-CY2015Q3-CY2015Q2-CY2015Q1-CY2015Q4-CY2014Q3-CY2014Q2-CY2014Q1-CY2014
Balance Sheet Date2025-Nov-302025-Aug-312025-May-312025-Feb-282024-Nov-302024-Aug-312024-May-312024-Feb-292023-Nov-302023-Aug-312023-May-312023-Feb-282022-Nov-302022-Aug-312022-May-312022-Feb-28
Fiscal PeriodQ2-FY2026Q1-FY2026Q4-FY2025Q3-FY2025Q2-FY2025Q1-FY2025Q4-FY2024Q3-FY2024Q2-FY2024Q1-FY2024Q4-FY2023Q3-FY2023Q2-FY2023Q1-FY2023Q4-FY2022Q3-FY2022
Total Revenue126,589,000$64,216,000$(33,300,000$)52,921,000$36,163,000$34,849,000$14,742,000$43,348,000$42,203,000$36,323,000$22,038,000$14,090,000$12,340,000$6,924,000$7,523,000$1,026,000$
QoQ%97.13%292.84%(162.92%)46.34%3.77%136.39%(65.99%)2.71%16.19%64.82%56.41%14.18%78.22%(7.96%)633.24%
YoY%250.05%84.27%(325.89%)22.08%(14.31%)(4.06%)(33.11%)207.65%242.00%424.60%192.94%1,273.29%
Cost Of Revenue100,553,000$55,606,000$(61,111,000$)49,141,000$22,661,000$22,743,000$4,602,000$47,061,000$29,769,000$25,221,000$15,938,000$10,545,000$11,812,000$6,093,000$7,433,000$2,073,000$
Gross Profit26,036,000$8,610,000$27,811,000$3,780,000$13,502,000$12,106,000$10,140,000$(3,713,000$)12,434,000$11,102,000$6,088,000$3,557,000$528,000$831,000$90,000$(1,047,000$)
Gross Margin20.57%13.41%(83.52%)7.14%37.34%34.74%68.78%(8.57%)29.46%30.57%27.63%25.25%4.28%12.00%1.20%(102.05%)
Operating Expenses56,993,000$30,903,000$16,582,000$22,723,000$26,307,000$(13,187,000$)(27,742,000$)51,743,000$20,346,000$18,470,000$11,124,000$10,546,000$27,226,000$5,008,000$4,356,000$1,370,000$1,355,000$701,000$
Operating Income(30,957,000$)(22,293,000$)11,229,000$(18,943,000$)(12,805,000$)25,293,000$37,882,000$(55,456,000$)(7,912,000$)(7,368,000$)(5,036,000$)(6,989,000$)(26,698,000$)(4,177,000$)(4,266,000$)(2,417,000$)(1,355,000$)(13,038,000$)
Operating Margin(24.46%)(34.72%)(33.72%)(35.80%)(35.41%)72.58%256.97%(127.93%)(18.75%)(20.29%)(22.85%)(49.60%)(216.35%)(60.33%)(56.71%)(235.58%)
Interest Income
Interest Expenses17,996,000$4,404,000$2,355,000$2,074,000$919,000$352,000$364,000$356,000$112,000$13,000$77,000$
Income Before Tax(26,548,000$)(26,239,000$)20,177,000$(35,438,000$)(128,362,000$)15,912,000$10,941,000$(62,838,000$)(10,529,000$)(11,854,000$)(5,981,000$)(7,341,000$)(27,062,000$)(4,627,000$)(4,377,000$)(2,337,000$)(1,355,000$)(14,340,000$)(345,000$)(77,000$)
Tax Expenses15,000$8,000$(16,000$)117,000$1,000$(243,000$)0$(312,000$)32,000$266,000$60,000$214,000$
Net Income(14,450,000$)(16,926,000$)(52,537,000$)(35,555,000$)(138,726,000$)(4,247,000$)(64,450,000$)(62,838,000$)(10,529,000$)(11,854,000$)(6,856,000$)(7,341,000$)(26,750,000$)(4,659,000$)(2,817,000$)(6,445,000$)(171,000$)(14,097,000$)(345,000$)(77,000$)
Profit Margin(11.42%)(26.36%)157.77%(67.19%)(383.61%)(12.19%)(437.19%)(144.96%)(24.95%)(32.64%)(31.11%)(52.10%)(216.78%)(67.29%)(37.45%)(628.17%)
TTM(56.77%)(203.12%)(254.95%)(175.21%)(209.34%)(105.12%)(109.56%)(63.98%)(31.91%)(62.27%)(82.33%)(101.69%)(146.23%)
Earnings to Minority4,632,000$1,576,000$1,402,000$540,000$629,000$44,000$0$0$0$(397,000$)(383,000$)(316,000$)(133,000$)(128,000$)(10,000$)
Earnings to Common Shareholders(19,082,000$)(18,502,000$)(53,939,000$)(36,095,000$)(139,355,000$)(4,291,000$)(64,450,000$)(62,838,000$)(10,529,000$)(11,457,000$)(6,473,000$)(7,025,000$)(26,617,000$)(4,531,000$)(2,807,000$)(6,445,000$)(171,000$)(14,097,000$)(345,000$)(77,000$)
QoQ%(3.14%)65.70%(49.44%)74.10%(3,147.61%)93.34%(2.57%)(496.81%)8.10%(77.00%)7.86%73.61%(487.44%)(61.42%)56.45%(3,669.01%)98.79%(3,986.09%)(348.05%)
YoY%86.31%(331.18%)16.31%42.56%(1,223.54%)62.55%(895.67%)(794.49%)60.44%(152.86%)(130.60%)(9.00%)(15,465.50%)67.86%(713.62%)(8,270.13%)
Earnings Per Share, Basic(0.07$)(0.07$)(0.24$)(0.16$)(0.66$)(0.03$)(0.52$)(0.52$)(0.10$)(0.11$)(0.07$)(0.07$)(0.28$)(0.05$)(0.04$)(0.12$)0.00$(0.31$)(0.05$)
Earnings Per Share, Diluted(0.07$)(0.07$)(0.24$)(0.16$)(0.66$)(0.03$)(0.52$)(0.52$)(0.10$)(0.11$)(0.07$)(0.07$)(0.28$)(0.05$)(0.04$)(0.12$)0.00$(0.31$)(0.05$)
Unlevered FCF Per Share, Basic(0.06$)(0.32$)0.03$0.03$(0.25$)(0.51$)(0.25$)0.30$0.04$(0.71$)0.05$0.00$(0.30$)(0.17$)(0.46$)(0.30$)(0.10$)(0.05$)
Unlevered FCF Per Share, Diluted(0.06$)(0.32$)0.03$0.03$(0.25$)(0.51$)(0.25$)0.30$0.04$(0.71$)0.05$0.00$(0.30$)(0.17$)(0.46$)(0.30$)(0.10$)(0.05$)
Average Shares, Basic277,423,733255,892,902223,663,551222,454,578209,560,339149,099,336124,634,331121,426,622109,663,030100,521,67395,256,72694,119,94493,422,42793,105,83576,753,27553,396,92053,396,92044,937,2691,511,061
Average Shares, Diluted277,423,733255,892,902223,663,551222,454,578209,560,339149,099,336124,634,331121,426,622109,663,030100,521,67395,256,72694,119,94493,422,42793,105,83576,753,27553,396,92053,396,92044,937,2691,511,061
EBIT(26,548,000$)(26,239,000$)20,177,000$(35,438,000$)(128,362,000$)15,912,000$28,937,000$(58,434,000$)(8,174,000$)(9,780,000$)(5,062,000$)(6,989,000$)(26,698,000$)(4,271,000$)(4,265,000$)(2,337,000$)(1,355,000$)(14,340,000$)(332,000$)0$
EBITDA(17,962,000$)(22,087,000$)(42,118,000$)(16,660,000$)(123,659,000$)20,055,000$2,750,000$(32,229,000$)5,250,000$(1,768,000$)(2,579,000$)(5,063,000$)(25,130,000$)(3,135,000$)(3,390,000$)(2,269,000$)(1,181,000$)(14,337,000$)(332,000$)0$