Applied Digital Corporation (APLD)

APLD Cash Flow Statement

Operating, investing, and financing cash flow analysis

APLD Quarterly Cash Flow Statement (USD)

Quarterly Report	TTM	02/28/2026	11/30/2025	08/31/2025	05/31/2025	02/28/2025	11/30/2024	08/31/2024	05/31/2024
Cash from Operations (CFO)	-36.005M	55.008M	-15.845M	-82.023M	6.855M	5.897M	-52.264M	-75.890M	-34.102M
Net Income	-186.277M	-99.303M	-17.511M	-16.926M	-52.537M	-35.555M	-138.726M	-4.247M	-64.450M
Depreciation & Amortization	37.610M	20.813M	8.586M	4.152M	4.059M	18.778M	26.445M	34.316M	-26.187M
Stock-Based Compensation	107.212M	50.149M	29.127M	15.465M	12.471M	9.691M	3.461M	-2.919M	3.728M
Change in Accounts Receivable	66.275M	20.753M	13.345M	29.134M	3.043M	14.619M	12.313M	2.298M	3.847M
Change in Inventory	—	—	—	—	—	—	—	—	—
Change in Accounts Payable	—	—	—	—	—	—	—	—	—
Change in Working Capital	-171.549M	-61.199M	-36.002M	-96.697M	22.349M	-12.238M	-63.782M	-95.710M	-31.857M
Cash from Investing	—	—	—	—	—	—	—	—	—
Capital Expenditures (CapEx)	-1.775B	-775.207M	-552.070M	-249.420M	-198.263M	-257.493M	-171.049M	-54.798M	-54.813M
Acquisitions	0.00	-500.681M	500.681M	0.00	0.00	0.00	0.00	0.00	0.00
Cash from Financing	—	—	—	—	—	—	—	—	—
Debt Repayment	—	—	—	—	—	—	—	—	—
Stock Repurchased (Buybacks)	-793K	-68K	-500K	-225K	0.00	0.00	-31.342M	0.00	0.00
Dividends Paid	-6.107M	-1.558M	-1.571M	-1.576M	-1.402M	-541K	-628K	-44K	0.00
Free Cash Flow (FCF)	-1.811B	-720.199M	-567.915M	-331.443M	-191.408M	-251.596M	-223.313M	-130.688M	-88.915M
Net Change in Cash	1.675B	-189.694M	2.004B	184K	-140.304M	-53.355M	228.022M	54.869M	-9.291M

APLD Annual Cash Flow Statement (USD)

Annual Report	05/31/2025	05/31/2024	05/31/2023	05/31/2022	05/31/2021	05/31/2020
Cash from Operations (CFO)	-115.402M	13.794M	58.735M	-872K	-83K	—
Net Income	-231.065M	-149.274M	-44.646M	-23.520M	-568K	-263K
Depreciation & Amortization	83.598M	21.477M	7.267M	1.120M	1K	0.00
Stock-Based Compensation	22.704M	17.362M	32.072M	12.337M	0.00	—
Change in Accounts Receivable	3.043M	3.847M	82K	227K	0.00	—
Change in Inventory	—	—	—	—	—	—
Change in Accounts Payable	—	—	—	—	—	—
Change in Working Capital	-149.381M	6.068M	64.691M	16.810M	248K	—
Cash from Investing	—	—	—	—	—	—
Capital Expenditures (CapEx)	-681.603M	-141.809M	-131.278M	-54.974M	-3.302M	—
Acquisitions	0.00	0.00	0.00	0.00	0.00	—
Cash from Financing	—	—	—	—	—	—
Debt Repayment	—	—	—	—	—	—
Stock Repurchased (Buybacks)	-31.342M	0.00	0.00	0.00	0.00	—
Dividends Paid	-2.615M	0.00	0.00	0.00	0.00	—
Free Cash Flow (FCF)	-797.005M	-128.015M	-72.543M	-55.846M	-3.385M	—
Net Change in Cash	89.232M	-11.886M	-2.725M	34.549M	11.750M	—

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

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

About Applied Digital Corporation

Applied Digital Corporation (ADC) is a North American firm specializing in digital infrastructure and cloud-based solutions, primarily serving the high-performance computing (HPC) and artificial intelligence (AI) sectors. Its business is structured around three key segments: Data Center Hosting, Cloud Services, and dedicated HPC Hosting. ADC offers essential infrastructure support to cryptocurrency mining clients. Furthermore, it delivers robust GPU computing capabilities crucial for intensive AI, machine learning, and various other HPC workloads. The company also undertakes the comprehensive design, construction, and management of data centers specifically engineered to facilitate HPC applications. Formerly known as Applied Blockchain, Inc., the company officially adopted the name Applied Digital Corporation in November 2022. Its corporate headquarters are situated in Dallas, Texas.

Dallas, TX

150 employees

applieddigital.com

Technology / Information Technology Services

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

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