Applied Digital Corporation (APLD)

APLD Income Statement

Revenue, expenses, and profitability analysis

APLD Quarterly Income 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
Gross Profit	96.217M	53.805M	26.036M	8.610M	7.766M	3.780M	11.507M	-356K	8.772M
Revenue	355.455M	126.637M	126.589M	64.216M	38.013M	52.921M	63.868M	60.704M	14.744M
Cost of Goods Sold	259.238M	72.832M	100.553M	55.606M	30.247M	49.141M	52.361M	61.060M	5.972M
Gross Profit Margin	42.5%	42.5%	20.6%	13.4%	20.4%	7.1%	18.0%	-0.6%	59.5%
Total Operating Expenses	185.044M	72.793M	56.993M	27.162M	28.096M	22.723M	29.789M	14.341M	-23.127M
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	194.910M	82.659M	56.993M	27.162M	28.096M	22.723M	29.789M	14.341M	-23.127M
Operating Income (EBIT)	-88.827M	-18.988M	-30.957M	-18.552M	-20.330M	-18.943M	-18.282M	-14.697M	31.899M
Operating Margin	-15.0%	-15.0%	-24.5%	-28.9%	-53.5%	-35.8%	-28.6%	-24.2%	216.4%
Income Before Tax (EBT)	-148.541M	-70.558M	-26.548M	-26.239M	-25.196M	-35.438M	-138.725M	-4.247M	10.941M
Interest Income	3.117M	—	—	—	3.117M	—	—	—	931K
Interest Expense	30.899M	-2.387M	11.484M	3.946M	17.856M	8.897M	7.482M	7.308M	9.440M
Other Income/Expense	-59.714M	-51.570M	4.409M	-7.687M	-4.866M	-16.495M	-120.443M	10.450M	-20.958M
Net Income	-186.277M	-99.303M	-17.511M	-16.926M	-52.537M	-35.555M	-138.726M	-4.247M	-64.450M
Income Tax Expense	5K	-2K	15K	8K	-16K	117K	1K	0.00	96K
Net Profit Margin	-78.4%	-78.4%	-13.8%	-26.4%	-138.2%	-67.2%	-217.2%	-7.0%	-437.1%
EBITDA	-93.391M	-52.132M	-6.478M	-18.141M	-16.640M	-7.763M	-104.798M	37.377M	-5.806M
EBITDA Margin	-41.2%	-41.2%	-5.1%	-28.2%	-43.8%	-14.7%	-164.1%	61.6%	-39.4%
Depreciation & Amortization	37.610M	20.813M	8.586M	4.152M	4.059M	18.778M	26.445M	34.316M	-26.187M
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	271.671M	271.671M	266.599M	255.893M	201.194M	222.455M	209.560M	149.009M	114.061M
Diluted Shares Outstanding	271.671M	271.671M	266.599M	255.893M	201.194M	222.455M	209.560M	149.009M	114.061M

APLD Annual Income Statement (USD)

Annual Report	05/31/2025	05/31/2024	05/31/2023	05/31/2022	05/31/2021	05/31/2020
Gross Profit	22.697M	29.965M	11.004M	-13.343M	-1K	0.00
Revenue	215.506M	136.618M	55.392M	8.549M	0.00	0.00
Cost of Goods Sold	192.809M	106.653M	44.388M	21.892M	1K	0.00
Gross Profit Margin	10.5%	21.9%	19.9%	-156.1%	—	—
Total Operating Expenses	94.949M	45.020M	55.059M	7.555M	331K	0.00
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	94.949M	45.020M	55.059M	7.555M	331K	0.00
Operating Income (EBIT)	-72.252M	-15.055M	-44.055M	-20.898M	-332K	0.00
Operating Margin	-33.5%	-11.0%	-79.5%	-244.4%	—	—
Income Before Tax (EBT)	-203.606M	-74.280M	-46.129M	-21.946M	-568K	-263K
Interest Income	3.117M	931K	—	—	—	—
Interest Expense	17.856M	18.639M	1.980M	112K	236K	263K
Other Income/Expense	-131.354M	-59.225M	-2.074M	-1.048M	-236K	-263K
Net Income	-231.065M	-149.274M	-44.646M	-23.520M	-568K	-263K
Income Tax Expense	102K	96K	-523K	540K	0.00	0.00
Net Profit Margin	-107.2%	-109.3%	-80.6%	-275.1%	—	—
EBITDA	-91.824M	-34.164M	-36.882M	-20.714M	-331K	0.00
EBITDA Margin	-42.6%	-25.0%	-66.6%	-242.3%	—	—
Depreciation & Amortization	83.598M	21.477M	7.267M	1.120M	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	201.194M	114.061M	93.976M	57.121M	8.900M	1.511M
Diluted Shares Outstanding	201.194M	114.061M	93.976M	57.121M	8.900M	1.511M

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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