Applied Digital (APLD) Financials: History & Chart

Applied Digital Corp. (APLD)APLDApplied Digital Corp.

About Applied Digital Corp.

Applied Digital Corporation designs, develops, and operates digital infrastructure solutions to high-performance computing (HPC) and artificial intelligence industries in North America. It operates through: Data Center Hosting Business, and HPC Hosting Business. The company offers infrastructure services to crypto mining customers; and GPU computing solutions for critical workloads related to AI, machine learning, and other HPC tasks. It also engages in the designing, constructing, and managing of data centers to support HPC applications. The company was formerly known as Applied Blockchain, Inc. and changed its name to Applied Digital Corporation in November 2022. Applied Digital Corporation has an lease agreement with CoreWeave for an additional 150MW at its Polaris Forge 1 Campus in Ellendale, North Dakota. Applied Digital Corporation is based in Dallas, Texas.

Dallas, TX

205 employees

applieddigital.com

Technology / Information Technology Services

Sector: Technology
Industry: Information Technology Services
CEO: Wes Cummins

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Financials

SEC Filings

Quarterly Income Statement (USD)

Swipe horizontally to review earlier periods. The line-item column stays pinned.

Quarterly Report	TTM	Quarter ended Feb 2026	Quarter ended Nov 2025	Quarter ended Aug 2025	Quarter ended May 2025	Quarter ended Feb 2025	Quarter ended Nov 2024	Quarter ended Aug 2024	Quarter ended May 2024
Revenue	355.45M	126.64M	126.59M	64.22M	38.01M	52.92M	63.87M	60.70M	14.74M
Cost of Goods Sold	259.24M	72.83M	100.55M	55.61M	30.25M	49.14M	52.36M	61.06M	5.97M
Gross Profit	96.22M	53.80M	26.04M	8.61M	7.77M	3.78M	11.51M	-356K	8.77M
Gross Profit Margin	27.1%	42.5%	20.6%	13.4%	20.4%	7.1%	18.0%	-0.6%	59.5%
Total Operating Expenses	185.04M	72.79M	56.99M	27.16M	28.10M	22.72M	29.79M	14.34M	-23.13M
Research & Development	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Selling, General & Administrative	194.91M	82.66M	56.99M	27.16M	28.10M	22.72M	29.79M	14.34M	-23.13M
Operating Income (EBIT)	-88.83M	-18.99M	-30.96M	-18.55M	-20.33M	-18.94M	-18.28M	-14.70M	31.90M
Operating Margin	-25.0%	-15.0%	-24.5%	-28.9%	-53.5%	-35.8%	-28.6%	-24.2%	216.4%
Income Before Tax (EBT)	-148.54M	-70.56M	-26.55M	-26.24M	-25.20M	-35.44M	-138.72M	-4.25M	10.94M
Interest Income	3.12M	N/A	N/A	N/A	3.12M	N/A	N/A	N/A	931K
Interest Expense	30.90M	-2.39M	11.48M	3.95M	17.86M	8.90M	7.48M	7.31M	9.44M
Other Income/Expense	-59.71M	-51.57M	4.41M	-7.69M	-4.87M	-16.50M	-120.44M	10.45M	-20.96M
Net Income	-186.28M	-99.30M	-17.51M	-16.93M	-52.54M	-35.55M	-138.73M	-4.25M	-64.45M
Income Tax Expense	5K	-2K	15K	8K	-16K	117K	1K	0.00	96K
Net Profit Margin	-52.4%	-78.4%	-13.8%	-26.4%	-138.2%	-67.2%	-217.2%	-7.0%	-437.1%
EBITDA	-51.22M	1.82M	-22.37M	-14.40M	-16.27M	-165K	8.16M	19.62M	98.36M
EBITDA Margin	-14.4%	1.4%	-17.7%	-22.4%	-42.8%	-0.3%	12.8%	32.3%	667.1%
Depreciation & Amortization	37.61M	20.81M	8.59M	4.15M	4.06M	18.78M	26.45M	34.32M	66.46M
EPS Basic	-0.75	-0.37	-0.07	-0.07	-0.24	-0.16	-0.66	-0.03	-0.58
EPS Diluted	-0.75	-0.37	-0.07	-0.07	-0.24	-0.16	-0.66	-0.03	-0.58
Shares Outstanding	271.67M	271.67M	266.60M	255.89M	201.19M	222.45M	209.56M	149.01M	114.06M
Diluted Shares Outstanding	271.67M	271.67M	266.60M	255.89M	201.19M	222.45M	209.56M	149.01M	114.06M

Annual Income Statement (USD)

Swipe horizontally to review earlier years. The line-item column stays pinned.

Annual Report	05/31/2025	05/31/2024	05/31/2023	05/31/2022	05/31/2021	05/31/2020
Revenue	215.51M	136.62M	55.39M	8.55M	0.00	0.00
Cost of Goods Sold	192.81M	106.65M	44.39M	21.89M	1K	0.00
Gross Profit	22.70M	29.96M	11.00M	-13.34M	-1K	0.00
Gross Profit Margin	10.5%	21.9%	19.9%	-156.1%	N/A	N/A
Total Operating Expenses	94.95M	45.02M	55.06M	7.55M	331K	0.00
Research & Development	N/A	N/A	N/A	N/A	N/A	N/A
Selling, General & Administrative	94.95M	45.02M	55.06M	7.55M	331K	0.00
Operating Income (EBIT)	-72.25M	-15.05M	-44.05M	-20.90M	-332K	0.00
Operating Margin	-33.5%	-11.0%	-79.5%	-244.4%	N/A	N/A
Income Before Tax (EBT)	-203.61M	-74.28M	-46.13M	-21.95M	-568K	-263K
Interest Income	3.12M	931K	N/A	N/A	N/A	N/A
Interest Expense	17.86M	18.64M	1.98M	112K	236K	263K
Other Income/Expense	-131.35M	-59.23M	-2.07M	-1.05M	-236K	-263K
Net Income	-231.06M	-149.27M	-44.65M	-23.52M	-568K	-263K
Income Tax Expense	102K	96K	-523K	540K	0.00	0.00
Net Profit Margin	-107.2%	-109.3%	-80.6%	-275.1%	N/A	N/A
EBITDA	11.35M	6.42M	-36.79M	-19.78M	-331K	0.00
EBITDA Margin	5.3%	4.7%	-66.4%	-231.3%	N/A	N/A
Depreciation & Amortization	83.60M	21.48M	7.27M	1.12M	1K	0.00
EPS Basic	-1.16	-1.31	-0.48	-0.41	-0.06	-0.17
EPS Diluted	-1.16	-1.31	-0.48	-0.41	-0.06	-0.17
Shares Outstanding	201.19M	114.06M	93.98M	57.12M	8.90M	1.51M
Diluted Shares Outstanding	201.19M	114.06M	93.98M	57.12M	8.90M	1.51M

Values are displayed in USD. Negative numbers shown in red.

Values are displayed in USD. Negative numbers are shown in red.