Applied Digital Corporation (APLD)

Name: Applied Digital Corporation Financial Statements
Creator: Quarter Results

Technology | Information Technology Services

Latest reporting period: 2025-11-30

Latest Quarter

2025-11-30

Revenue

$127M

Net Income

-$17.5M

Operating Margin

-24.5%

Free Cash Flow

-$797M

Debt / Assets

66.1%

Values are in USD and rounded to the nearest whole number unless noted.

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Income statement quarterly history for Applied Digital Corporation (APLD).
Income Statement (Quarterly)	2025-11-30	2025-08-31	2025-02-28	2024-11-30
Revenue	126,589,000	64,215,999	52,921,000	63,868,000
Cost of Revenue	100,553,000	55,606,000	49,141,000	52,361,000
Gross Profit	26,036,000	8,609,999	3,780,000	11,507,000
Operating Expenses
R&D Expenses	0	0	0	0
SG&A Expenses	56,993,000	27,162,000	22,723,000	29,789,000
Operating Expenses	56,993,000	27,162,000	22,723,000	30,122,000
Operating Income	-30,957,000	-18,552,000	-18,943,000	-18,615,000
Interest Expense	11,484,000	3,946,000	8,897,000	7,482,000
Income Before Tax	-26,548,000	-26,239,000	-35,438,000	-138,725,000
Income Tax Expense	15,000	8,000	117,000	1,000
Net Income	-17,511,000	-16,926,000	-35,555,000	-138,726,000
Per Share
EPS	-0.07	-0.07	-0.16	-0.66
EPS Diluted	0.00	0.00	0.00	0.00

Income statement annual history for Applied Digital Corporation (APLD).
Income Statement (Annual)	2025-05-31	2024-05-31	2023-05-31	2022-05-31	2021-05-31
Revenue	215,506,000	136,618,000	55,392,000	8,549,000	0
Cost of Revenue	192,809,000	106,653,000	44,388,000	9,506,000	0
Gross Profit	22,697,000	29,965,000	11,004,000	-957,000	0
Operating Expenses
R&D Expenses	0	0	0	0	0
SG&A Expenses	94,949,000	45,020,000	55,059,000	19,892,000	331,000
Operating Expenses	94,949,000	45,020,000	55,059,000	19,941,000	332,000
Operating Income	-72,252,000	-15,055,000	-44,055,000	-20,898,000	-332,000
Interest Expense	17,856,000	18,639,000	1,980,000	112,000	236,000
Income Before Tax	-203,606,000	-74,280,000	-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 history for Applied Digital Corporation (APLD).
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 history for Applied Digital Corporation (APLD).
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 quarterly history for Applied Digital Corporation (APLD).
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 annual history for Applied Digital Corporation (APLD).
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