Income Statement for APLD

	Applied Digital Corp. (APLD)
	Q4-CY2026	Q3-CY2026	Q2-CY2026	Q1-CY2026	Q4-CY2025	Q3-CY2025	Q2-CY2025	Q1-CY2025	Q4-CY2024	Q3-CY2024	Q2-CY2024	Q1-CY2024	Q4-CY2023	Q3-CY2023	Q2-CY2023	Q1-CY2023	Q4-CY2022	Q3-CY2022	Q2-CY2022	Q1-CY2022	Q4-CY2021	Q3-CY2021	Q2-CY2021	Q1-CY2021	Q4-CY2020	Q3-CY2020	Q2-CY2020	Q1-CY2020	Q4-CY2019	Q3-CY2019	Q2-CY2019	Q1-CY2019	Q4-CY2018	Q3-CY2018	Q2-CY2018	Q1-CY2018	Q4-CY2017	Q3-CY2017	Q2-CY2017	Q1-CY2017	Q4-CY2016	Q3-CY2016	Q2-CY2016	Q1-CY2016	Q4-CY2015	Q3-CY2015	Q2-CY2015	Q1-CY2015	Q4-CY2014
Balance Sheet Date		2026-Aug-31	2026-May-31	2026-Feb-28	2025-Nov-30	2025-Aug-31	2025-May-31	2025-Feb-28	2024-Nov-30	2024-Aug-31	2024-May-31	2024-Feb-29	2023-Nov-30	2023-Aug-31	2023-May-31	2023-Feb-28	2022-Nov-30	2022-Aug-31	2022-May-31	2022-Feb-28
Fiscal Period		Q1-FY2027	Q4-FY2026	Q3-FY2026	Q2-FY2026	Q1-FY2026	Q4-FY2025	Q3-FY2025	Q2-FY2025	Q1-FY2025	Q4-FY2024	Q3-FY2024	Q2-FY2024	Q1-FY2024	Q4-FY2023	Q3-FY2023	Q2-FY2023	Q1-FY2023	Q4-FY2022	Q3-FY2022
Total Revenue		341,875,000$	277,151,000$	126,637,000$	126,589,000$	80,934,000$	(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%		23.35%	118.86%	.04%	56.41%	343.05%	(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%		322.41%	932.29%	139.29%	250.05%	132.24%	(325.89%)	22.08%	(14.31%)	(4.06%)	(33.11%)	207.65%	242.00%	424.60%	192.94%	1,273.29%
Cost Of Revenue		245,709,000$	161,460,000$	72,832,000$	100,553,000$	58,831,000$	54,197,000$	49,141,000$	22,661,000$	22,743,000$	46,289,000$	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 Profit		96,166,000$	(161,460,000$)	53,805,000$	26,036,000$	22,103,000$	(87,497,000$)	3,780,000$	13,502,000$	12,106,000$	(31,547,000$)	(3,713,000$)	12,434,000$	11,102,000$	6,088,000$	3,557,000$	528,000$	831,000$	90,000$	(1,047,000$)
Gross Margin		28.13%	(58.26%)	42.49%	20.57%	27.31%	262.75%	7.14%	37.34%	34.74%	(213.99%)	(8.57%)	29.46%	30.57%	27.63%	25.25%	4.28%	12.00%	1.20%	(102.05%)
Operating Expenses		158,545,000$	(36,641,000$)	139,472,000$	56,993,000$	31,865,000$	(43,396,000$)	22,723,000$	26,307,000$	(13,187,000$)	(3,943,000$)	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		(62,379,000$)	(124,819,000$)	(85,667,000$)	(30,957,000$)	(9,762,000$)	(44,101,000$)	(18,943,000$)	(12,805,000$)	25,293,000$	(27,604,000$)	(55,456,000$)	(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		(18.25%)	(45.04%)	(67.65%)	(24.46%)	(12.06%)	132.44%	(35.80%)	(35.41%)	72.58%	(187.25%)	(127.93%)	(18.75%)	(20.29%)	(22.85%)	(49.60%)	(216.35%)	(60.33%)	(56.71%)	(235.58%)
Interest Income		35,821,000$				857,000$
Interest Expenses											17,996,000$	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		(166,115,000$)	(79,621,000$)	(70,558,000$)	(26,548,000$)	(16,918,000$)	(52,553,000$)	(35,438,000$)	(128,362,000$)	15,912,000$	(64,354,000$)	(62,838,000$)	(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 Expenses		1,886,000$	1,766,000$	(2,000$)	15,000$	8,000$	(16,000$)	117,000$	1,000$						(243,000$)	0$	(312,000$)	32,000$	266,000$	60,000$	214,000$
Net Income		(184,055,000$)	(82,407,000$)	(70,556,000$)	(14,450,000$)	(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$)
Profit Margin		(53.84%)	(29.73%)	(55.72%)	(11.42%)	(20.91%)	157.77%	(67.19%)	(383.61%)	(12.19%)	(437.19%)	(144.96%)	(24.95%)	(32.64%)	(31.11%)	(52.10%)	(216.78%)	(67.29%)	(37.45%)	(628.17%)
TTM		(40.29%)	(30.16%)	(51.34%)	(52.60%)	(178.28%)	(254.95%)	(175.21%)	(209.34%)	(105.12%)	(109.56%)	(63.98%)	(31.91%)	(62.27%)	(82.33%)	(101.69%)	(146.23%)
Earnings to Minority		53,027,000$	29,309,000$	30,305,000$	4,632,000$	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		(237,082,000$)	(111,716,000$)	(100,861,000$)	(19,082,000$)	(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$)
QoQ%		(112.22%)	(10.76%)	(428.57%)	(3.14%)	65.70%	(49.44%)	74.10%	(3,147.61%)	93.34%	(2.57%)	(496.81%)	8.10%	(77.00%)	7.86%	73.61%	(487.44%)	(61.42%)	56.45%	(3,669.01%)	98.79%	(3,986.09%)	(348.05%)
YoY%		(1,181.39%)	(107.12%)	(179.43%)	86.31%	(331.18%)	16.31%	42.56%	(1,223.54%)	62.55%	(895.67%)	(794.49%)	60.44%	(152.86%)	(130.60%)	(9.00%)	(15,465.50%)	67.86%	(713.62%)	(8,270.13%)
Earnings Per Share, Basic		(0.81$)	(0.39$)	(0.36$)	(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		(0.81$)	(0.39$)	(0.36$)	(0.07$)	(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		0.22$	0.46$	0.20$	(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		0.22$	0.46$	0.20$	(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, Basic		291,557,618	285,479,832	281,982,553	277,423,733	255,892,902	223,663,551	222,454,578	209,560,339	149,099,336	124,634,331	121,426,622	109,663,030	100,521,673	95,256,726	94,119,944	93,422,427	93,105,835	76,753,275	53,396,920	53,396,920	44,937,269		1,511,061
Average Shares, Diluted		291,557,618	285,479,832	281,982,553	277,423,733	255,892,902	223,663,551	222,454,578	209,560,339	149,099,336	124,634,331	121,426,622	109,663,030	100,521,673	95,256,726	94,119,944	93,422,427	93,105,835	76,753,275	53,396,920	53,396,920	44,937,269		1,511,061
EBIT		(166,115,000$)	(79,621,000$)	(70,558,000$)	(26,548,000$)	(16,918,000$)	(52,553,000$)	(35,438,000$)	(128,362,000$)	15,912,000$	(46,358,000$)	(58,434,000$)	(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		(124,203,000$)	(45,784,000$)	(49,745,000$)	(17,962,000$)	(12,766,000$)	2,572,000$	(16,660,000$)	(123,659,000$)	20,055,000$	(14,662,000$)	(32,229,000$)	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$