Applied Digital Corporation (APLD)

Technology | Information Technology Services
Income Statement (Quarterly) 2025-08-31 2025-02-28 2024-11-30 2024-08-31
Revenue 64,215,999 52,921,000 63,868,000 60,704,000
Cost of Revenue 55,606,000 49,141,000 52,361,000 61,060,000
Gross Profit 8,609,999 3,780,000 11,507,000 -356,000
Operating Expenses
R&D Expenses 0 0 0 0
SG&A Expenses 27,162,000 22,723,000 29,789,000 14,341,000
Operating Expenses 27,162,000 22,723,000 30,122,000 14,341,000
Operating Income -18,552,000 -18,943,000 -18,615,000 9,483,000
Interest Expense 3,946,000 8,897,000 7,482,000 7,308,000
Income Before Tax -26,239,000 -35,438,000 -138,725,000 -4,247,000
Income Tax Expense 8,000 117,000 1,000 0
Net Income -16,926,000 -35,555,000 -138,726,000 -4,247,000
Per Share
EPS -0.07 -0.16 -0.66 -0.03
EPS Diluted 0.00 0.00 0.00 0.00
Income Statement (Annual) 2025-05-31 2024-05-31 2023-05-31 2022-05-31 2021-05-31
Revenue 215,506,000 165,575,000 55,392,000 8,549,000 0
Cost of Revenue 192,809,000 148,340,000 44,388,000 9,506,000 0
Gross Profit 22,697,000 17,235,000 11,004,000 -957,000 0
Operating Expenses
R&D Expenses 0 0 0 0 0
SG&A Expenses 94,949,000 98,461,000 55,059,000 19,892,000 331,000
Operating Expenses 94,949,000 116,258,000 55,059,000 19,941,000 332,000
Operating Income -72,252,000 -99,023,000 -44,055,000 -20,898,000 -332,000
Interest Expense 17,856,000 26,832,000 1,980,000 112,000 236,000
Income Before Tax -203,606,000 -149,575,000 -46,129,000 -21,946,000 -568,000
Income Tax Expense 102,000 96,000 -523,000 540,000 0
Net Income -231,065,000 -149,274,000 -45,606,000 -22,486,000 -568,000
Per Share
EPS -1.16 -1.31 -0.49 -0.39 -0.04
EPS Diluted 0.00 0.00 0.00 0.00 0.00
Balance Sheet (Quarterly) 2025-05-31 2024-05-31 2023-05-31 2022-05-31
Assets
Cash and Cash Equivalents 113,920,000 3,339,000 43,574,000 38,798,000
Short Term Investments 0 0 0 0
Net Receivables 3,043,000 3,847,000 82,000 227,000
Inventory 0 0 0 0
Total Current Assets 430,593,000 30,262,000 45,759,000 49,312,000
Property Plant Equipment 1,294,621,000 712,675,000 211,186,000 70,668,000
Goodwill and Intangibles 0 0 0 0
Total Assets 1,870,090,000 762,867,000 263,957,000 119,980,000
Liabilities
Account Payables 247,528,000 116,117,000 14,776,000 13,244,000
Short Term Debt 24,656,000 304,694,000 13,992,000 2,337,000
Total Current Liabilities 558,144,000 385,537,000 115,460,000 28,998,000
Long Term Debt 678,221,000 252,500,000 77,818,000 11,207,000
Total Liabilities 1,236,365,000 638,037,000 194,278,000 40,745,000
Shareholders Equity
Retained Earnings -481,055,000 -249,990,000 -100,716,000 -56,070,000
Total Shareholders Equity 633,725,000 124,830,000 59,517,000 72,259,000
Balance Sheet (Annual) 2025-05-31 2024-05-31 2023-05-31 2022-05-31 2021-05-31
Assets
Cash and Cash Equivalents 113,920,000 3,339,000 43,574,000 38,798,000 11,750,000
Short Term Investments 0 0 0 0 0
Net Receivables 3,043,000 3,847,000 82,000 227,000 0
Inventory 0 0 0 0 0
Total Current Assets 430,593,000 30,262,000 45,759,000 49,312,000 11,750,000
Property Plant Equipment 1,294,621,000 712,675,000 211,186,000 70,668,000 3,302,000
Goodwill and Intangibles 0 0 0 0 0
Total Assets 1,870,090,000 762,867,000 263,957,000 119,980,000 15,052,000
Liabilities
Account Payables 247,528,000 116,117,000 14,776,000 13,244,000 249,000
Short Term Debt 24,656,000 304,694,000 13,992,000 2,337,000 2,135,000
Total Current Liabilities 558,144,000 385,537,000 115,460,000 28,998,000 2,500,000
Long Term Debt 678,221,000 252,500,000 77,818,000 11,207,000 0
Total Liabilities 1,236,365,000 638,037,000 194,278,000 40,745,000 17,635,000
Shareholders Equity
Retained Earnings -481,055,000 -249,990,000 -100,716,000 -56,070,000 -21,623,000
Total Shareholders Equity 633,725,000 124,830,000 59,517,000 72,259,000 -2,583,000
Cash Flow Statement (Quarterly) 2025-05-31 2024-05-31 2023-05-31 2022-05-31
Operating Activities
Net Income -231,065,000 -149,274,000 -45,606,000 -22,486,000
Depreciation & Amortization 97,945,000 79,360,000 7,267,000 1,120,000
Stock Based Compensation 22,704,000 17,362,000 32,072,000 12,337,000
Change in Working Capital -149,381,000 6,068,000 65,021,000 17,138,000
Operating Cash Flow -115,402,000 13,794,000 58,735,000 -872,000
Investing Activities
Capital Expenditure -681,603,000 -141,809,000 -131,278,000 -58,251,000
Investments -681,603,000 -141,809,000 -131,278,000 -58,251,000
Investing Cash Flow -667,654,000 -172,436,000 -132,088,000 -45,871,000
Financing Activities
Debt Repayment 693,965,000 17,373,000 -13,386,000 -315,000
Common Stock Issued/Repurchased 160,248,000 130,849,000 -168,000 40,000,000
Dividends Paid -2,615,000 0 0 -11,042,000
Financing Cash Flow 874,686,000 146,757,000 70,628,000 81,292,000
Summary
Free Cash Flow -797,005,000 -128,015,000 -72,543,000 -59,123,000
Net Change in Cash 89,232,000 -11,885,000 -2,725,000 34,549,000
Cash Flow Statement (Annual) 2025-05-31 2024-05-31 2023-05-31 2022-05-31 2021-05-31
Operating Activities
Net Income -231,065,000 -149,274,000 -45,606,000 -22,486,000 -568,000
Depreciation & Amortization 97,945,000 79,360,000 7,267,000 1,120,000 1,000
Stock Based Compensation 22,704,000 17,362,000 32,072,000 12,337,000 0
Change in Working Capital -149,381,000 6,068,000 65,021,000 17,138,000 248,000
Operating Cash Flow -115,402,000 13,794,000 58,735,000 -872,000 -83,000
Investing Activities
Capital Expenditure -681,603,000 -141,809,000 -131,278,000 -58,251,000 -3,302,000
Investments -681,603,000 -141,809,000 -131,278,000 -58,251,000 -3,302,000
Investing Cash Flow -667,654,000 -172,436,000 -132,088,000 -45,871,000 -3,302,000
Financing Activities
Debt Repayment 693,965,000 17,373,000 -13,386,000 -315,000 0
Common Stock Issued/Repurchased 160,248,000 130,849,000 -168,000 40,000,000 0
Dividends Paid -2,615,000 0 0 -11,042,000 0
Financing Cash Flow 874,686,000 146,757,000 70,628,000 81,292,000 15,135,000
Summary
Free Cash Flow -797,005,000 -128,015,000 -72,543,000 -59,123,000 -3,385,000
Net Change in Cash 89,232,000 -11,885,000 -2,725,000 34,549,000 15,135,000