# Applied Digital Corp.: financial statements, quarterly

APLD · Nasdaq · CIK 1144879 · [Technology](/sectors/technology.md) · fiscal year ends May 31

Pages: [Overview](/companies/apld.md) · [Financials](/companies/apld/financials.md) · [Filings](/companies/apld/filings.md) · [Insiders](/companies/apld/insiders.md)

Standardized line items from XBRL company facts. Each value links to its filing; d marks a value derived from year-to-date figures. Other view: [annual](/companies/apld/financials.md?period=annual).

## Income statement

| Line item | Unit | Q2 FY2024 (2023-11-30) | Q3 FY2024 (2024-02-29) | Q4 FY2024 (2024-05-31) | Q1 FY2025 (2024-08-31) | Q2 FY2025 (2024-11-30) | Q3 FY2025 (2025-02-28) | Q4 FY2025 (2025-05-31) | Q1 FY2026 (2025-08-31) | Q2 FY2026 (2025-11-30) | Q3 FY2026 (2026-02-28) | Q4 FY2026 (2026-05-31) | Q1 FY2027 (2026-08-31) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [42.2](/filings/0001144879-25-000006.md) | [43.3](/filings/0001628280-25-017684.md) | [14.7 d](/filings/0001144879-25-000021.md) | [34.8](/filings/0001144879-25-000069.md) | [36.2](/filings/0001144879-26-000006.md) | [52.9](/filings/0001144879-26-000030.md) | [(33.3) d](/filings/0001144879-25-000021.md) | [80.9](/filings/0001144879-26-000059.md) | [127](/filings/0001144879-26-000006.md) | [127](/filings/0001144879-26-000030.md) | [259 d](/filings/0001144879-26-000048.md) | [263](/filings/0001144879-26-000059.md) |
| Cost of revenue | $m | [29.8](/filings/0001144879-25-000006.md) | [47.1](/filings/0001628280-25-017684.md) | [46.3 d](/filings/0001144879-26-000048.md) | [22.7](/filings/0001144879-25-000069.md) | [22.7](/filings/0001144879-26-000006.md) | [49.1](/filings/0001144879-26-000030.md) | [54.2 d](/filings/0001144879-26-000048.md) | [58.8](/filings/0001144879-26-000059.md) | [101](/filings/0001144879-26-000006.md) | [72.8](/filings/0001144879-26-000030.md) | [161 d](/filings/0001144879-26-000048.md) | [246](/filings/0001144879-26-000059.md) |
| Gross profit | $m | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Selling, general and administrative | $m | [20.3](/filings/0001144879-25-000006.md) | [30.0](/filings/0001628280-25-017684.md) | [31.3 d](/filings/0001144879-26-000048.md) | [11.0](/filings/0001144879-25-000069.md) | [26.0](/filings/0001144879-26-000006.md) | [22.7](/filings/0001144879-26-000030.md) | [41.0 d](/filings/0001144879-26-000048.md) | [29.5](/filings/0001144879-26-000059.md) | [57.0](/filings/0001144879-26-000006.md) | [79.7](/filings/0001144879-26-000030.md) | [165 d](/filings/0001144879-26-000048.md) | [115](/filings/0001144879-26-000059.md) |
| Operating income | $m | [(7.9)](/filings/0001144879-25-000006.md) | [(55.5)](/filings/0001628280-25-017684.md) | [(27.6) d](/filings/0001144879-26-000048.md) | [25.3](/filings/0001144879-25-000069.md) | [(12.8)](/filings/0001144879-26-000006.md) | [(18.9)](/filings/0001144879-26-000030.md) | [(44.1) d](/filings/0001144879-26-000048.md) | [(9.8)](/filings/0001144879-26-000059.md) | [(31.0)](/filings/0001144879-26-000006.md) | [(85.7)](/filings/0001144879-26-000030.md) | [(125) d](/filings/0001144879-26-000048.md) | [(62.4)](/filings/0001144879-26-000059.md) |
| Interest expense | $m | [2.4](/filings/0001144879-24-000010.md) | [4.4](/filings/0001144879-24-000078.md) | [18.0 d](/filings/0001144879-24-000216.md) | [3.0](/filings/0001144879-25-000069.md) | [2.9](/filings/0001144879-26-000006.md) | [8.9](/filings/0001144879-26-000030.md) | [8.5 d](/filings/0001144879-26-000048.md) | [8.0](/filings/0001144879-26-000059.md) | [11.5](/filings/0001144879-26-000006.md) | [(2.4)](/filings/0001144879-26-000030.md) | [10.6 d](/filings/0001144879-26-000048.md) | [77.4](/filings/0001144879-26-000059.md) |
| Income tax | $m | [0.0](/filings/0001144879-25-000006.md) | [0.0](/filings/0001628280-25-017684.md) | [0.1 d](/filings/0001144879-26-000048.md) | [0.0](/filings/0001144879-25-000069.md) | [0.0](/filings/0001144879-26-000006.md) | [0.1](/filings/0001144879-26-000030.md) | [(0.0) d](/filings/0001144879-26-000048.md) | [0.0](/filings/0001144879-26-000059.md) | [0.0](/filings/0001144879-26-000006.md) | [(0.0)](/filings/0001144879-26-000030.md) | [1.8 d](/filings/0001144879-26-000048.md) | [1.9](/filings/0001144879-26-000059.md) |
| Net income | $m | [(10.5)](/filings/0001144879-24-000010.md) | [(62.8)](/filings/0001144879-24-000078.md) | [(64.5) d](/filings/0001144879-24-000216.md) | [(4.2)](/filings/0001144879-25-000069.md) | [(139)](/filings/0001144879-26-000006.md) | [(35.6)](/filings/0001144879-26-000030.md) | [(52.5) d](/filings/0001144879-26-000048.md) | [(16.9)](/filings/0001144879-26-000059.md) | [(14.5)](/filings/0001144879-26-000006.md) | [(70.6)](/filings/0001144879-26-000030.md) | [(82.4) d](/filings/0001144879-26-000048.md) | [(184)](/filings/0001144879-26-000059.md) |
| Diluted EPS | $ per share | [(0.10)](/filings/0001144879-25-000006.md) | [(0.52)](/filings/0001628280-25-017684.md) | not reported | [(0.03)](/filings/0001144879-25-000069.md) | [(0.66)](/filings/0001144879-26-000006.md) | [(0.16)](/filings/0001144879-26-000030.md) | not reported | [(0.07)](/filings/0001144879-26-000059.md) | [(0.07)](/filings/0001144879-26-000006.md) | [(0.36)](/filings/0001144879-26-000030.md) | not reported | [(0.82)](/filings/0001144879-26-000059.md) |
| Basic EPS | $ per share | [(0.10)](/filings/0001144879-25-000006.md) | [(0.52)](/filings/0001628280-25-017684.md) | not reported | [(0.03)](/filings/0001144879-25-000069.md) | [(0.66)](/filings/0001144879-26-000006.md) | [(0.16)](/filings/0001144879-26-000030.md) | not reported | [(0.07)](/filings/0001144879-26-000059.md) | [(0.07)](/filings/0001144879-26-000006.md) | [(0.36)](/filings/0001144879-26-000030.md) | not reported | [(0.82)](/filings/0001144879-26-000059.md) |

- Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax, us-gaap:Revenues
- Cost of revenue: us-gaap:CostOfRevenue
- Gross profit: not reported
- Selling, general and administrative: us-gaap:SellingGeneralAndAdministrativeExpense
- Operating income: us-gaap:OperatingIncomeLoss
- Interest expense: us-gaap:InterestExpense, us-gaap:InterestExpenseNonoperating
- Income tax: us-gaap:IncomeTaxExpenseBenefit
- Net income: us-gaap:NetIncomeLoss, us-gaap:ProfitLoss
- Diluted EPS: us-gaap:EarningsPerShareDiluted
- Basic EPS: us-gaap:EarningsPerShareBasic

## Balance sheet

| Line item | Unit | Q2 FY2024 (2023-11-30) | Q3 FY2024 (2024-02-29) | FY2024 (2024-05-31) | Q1 FY2025 (2024-08-31) | Q2 FY2025 (2024-11-30) | Q3 FY2025 (2025-02-28) | FY2025 (2025-05-31) | Q1 FY2026 (2025-08-31) | Q2 FY2026 (2025-11-30) | Q3 FY2026 (2026-02-28) | FY2026 (2026-05-31) | Q1 FY2027 (2026-08-31) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Cash and equivalents | $bn | [0.0](/filings/0001144879-24-000010.md) | [0.0](/filings/0001144879-24-000078.md) | [0.0](/filings/0001144879-25-000021.md) | [0.1](/filings/0001144879-24-000253.md) | [0.3](/filings/0001144879-25-000006.md) | [0.1](/filings/0001628280-25-017684.md) | [0.0](/filings/0001144879-26-000048.md) | [0.1](/filings/0001144879-25-000069.md) | [1.9](/filings/0001144879-26-000006.md) | [1.7](/filings/0001144879-26-000030.md) | [1.6](/filings/0001144879-26-000059.md) | [2.9](/filings/0001144879-26-000059.md) |
| Current assets | $bn | [0.0](/filings/0001144879-24-000010.md) | [0.1](/filings/0001144879-24-000078.md) | [0.4](/filings/0001144879-25-000021.md) | [0.1](/filings/0001144879-24-000253.md) | [0.3](/filings/0001144879-25-000006.md) | [0.3](/filings/0001628280-25-017684.md) | [0.1](/filings/0001144879-26-000048.md) | [0.6](/filings/0001144879-25-000069.md) | [2.7](/filings/0001144879-26-000006.md) | [2.4](/filings/0001144879-26-000030.md) | [4.7](/filings/0001144879-26-000059.md) | [4.1](/filings/0001144879-26-000059.md) |
| Total assets | $bn | [0.5](/filings/0001144879-24-000010.md) | [0.6](/filings/0001144879-24-000078.md) | [0.8](/filings/0001144879-25-000021.md) | [0.9](/filings/0001144879-24-000253.md) | [1.5](/filings/0001144879-25-000006.md) | [1.7](/filings/0001628280-25-017684.md) | [1.9](/filings/0001144879-26-000048.md) | [2.4](/filings/0001144879-25-000069.md) | [5.2](/filings/0001144879-26-000006.md) | [6.2](/filings/0001144879-26-000030.md) | [9.9](/filings/0001144879-26-000059.md) | [11.7](/filings/0001144879-26-000059.md) |
| Current liabilities | $bn | [0.2](/filings/0001144879-24-000010.md) | [0.3](/filings/0001144879-24-000078.md) | [0.6](/filings/0001144879-25-000021.md) | [0.4](/filings/0001144879-24-000253.md) | [0.4](/filings/0001144879-25-000006.md) | [0.4](/filings/0001628280-25-017684.md) | [0.5](/filings/0001144879-26-000048.md) | [1.0](/filings/0001144879-25-000069.md) | [0.6](/filings/0001144879-26-000006.md) | [1.0](/filings/0001144879-26-000030.md) | [1.2](/filings/0001144879-26-000059.md) | [1.6](/filings/0001144879-26-000059.md) |
| Total liabilities | $bn | [0.3](/filings/0001144879-24-000010.md) | [0.5](/filings/0001144879-24-000078.md) | [0.6](/filings/0001144879-25-000021.md) | [0.6](/filings/0001144879-24-000253.md) | [1.1](/filings/0001144879-25-000006.md) | [1.2](/filings/0001628280-25-017684.md) | [1.2](/filings/0001144879-26-000048.md) | [1.3](/filings/0001144879-25-000069.md) | [3.2](/filings/0001144879-26-000006.md) | [3.7](/filings/0001144879-26-000030.md) | [6.2](/filings/0001144879-26-000059.md) | [7.9](/filings/0001144879-26-000059.md) |
| Long-term debt | $bn | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Shareholders' equity | $bn | [0.2](/filings/0001144879-24-000010.md) | [0.1](/filings/0001144879-24-000078.md) | [0.1](/filings/0001144879-26-000030.md) | [0.2](/filings/0001144879-26-000006.md) | [0.4](/filings/0001144879-26-000030.md) | [0.5](/filings/0001144879-26-000030.md) | [0.5](/filings/0001144879-26-000048.md) | [1.0](/filings/0001144879-26-000006.md) | [1.4](/filings/0001144879-26-000030.md) | [1.6](/filings/0001144879-26-000030.md) | [1.7](/filings/0001144879-26-000059.md) | [1.6](/filings/0001144879-26-000059.md) |

- Cash and equivalents: us-gaap:CashAndCashEquivalentsAtCarryingValue
- Current assets: us-gaap:AssetsCurrent
- Total assets: us-gaap:Assets
- Current liabilities: us-gaap:LiabilitiesCurrent
- Total liabilities: us-gaap:Liabilities
- Long-term debt: not reported
- Shareholders' equity: us-gaap:StockholdersEquity

## Cash flow

| Line item | Unit | Q2 FY2024 (2023-11-30) | Q3 FY2024 (2024-02-29) | Q4 FY2024 (2024-05-31) | Q1 FY2025 (2024-08-31) | Q2 FY2025 (2024-11-30) | Q3 FY2025 (2025-02-28) | Q4 FY2025 (2025-05-31) | Q1 FY2026 (2025-08-31) | Q2 FY2026 (2025-11-30) | Q3 FY2026 (2026-02-28) | Q4 FY2026 (2026-05-31) | Q1 FY2027 (2026-08-31) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Operating cash flow | $m | [4.5 d](/filings/0001144879-25-000006.md) | [36.3 d](/filings/0001628280-25-017684.md) | [(31.5) d](/filings/0001144879-26-000048.md) | [(75.9)](/filings/0001144879-25-000069.md) | [(52.3) d](/filings/0001144879-26-000006.md) | [5.9 d](/filings/0001144879-26-000030.md) | [6.9 d](/filings/0001144879-26-000048.md) | [(81.5)](/filings/0001144879-26-000059.md) | [(16.3) d](/filings/0001144879-26-000006.md) | [55.0 d](/filings/0001144879-26-000030.md) | [133 d](/filings/0001144879-26-000048.md) | [63.9](/filings/0001144879-26-000059.md) |
| Capital expenditure | $m | [(29.8) d](/filings/0001144879-25-000006.md) | [38.6 d](/filings/0001628280-25-017684.md) | [57.4 d](/filings/0001144879-26-000048.md) | [54.8](/filings/0001144879-25-000069.md) | [171 d](/filings/0001144879-26-000006.md) | [257 d](/filings/0001144879-26-000030.md) | [198 d](/filings/0001144879-26-000048.md) | [250](/filings/0001144879-26-000059.md) | [552 d](/filings/0001144879-26-000006.md) | [775 d](/filings/0001144879-26-000030.md) | [1,289 d](/filings/0001144879-26-000048.md) | [2,075](/filings/0001144879-26-000059.md) |
| Share repurchases | $m | not reported | not reported | not reported | not reported | not reported | [0.0 d](/filings/0001144879-26-000030.md) | [0.0 d](/filings/0001144879-26-000048.md) | not reported | not reported | [0.0 d](/filings/0001144879-26-000030.md) | [0.0 d](/filings/0001144879-26-000048.md) | not reported |

- Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities
- Capital expenditure: us-gaap:PaymentsToAcquireProductiveAssets
- Share repurchases: us-gaap:PaymentsForRepurchaseOfCommonStock

## Shares

| Line item | Unit | Q2 FY2023 (2022-11-30) | Q3 FY2023 (2023-02-28) | Q1 FY2024 (2023-08-31) | Q2 FY2024 (2023-11-30) | Q3 FY2024 (2024-02-29) | Q1 FY2025 (2024-08-31) | Q2 FY2025 (2024-11-30) | Q3 FY2025 (2025-02-28) | Q1 FY2026 (2025-08-31) | Q2 FY2026 (2025-11-30) | Q3 FY2026 (2026-02-28) | Q1 FY2027 (2026-08-31) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Diluted shares (weighted) | millions of shares | [93.4](/filings/0001144879-24-000010.md) | [94.1](/filings/0001144879-24-000078.md) | [101](/filings/0001144879-24-000253.md) | [110](/filings/0001144879-25-000006.md) | [121](/filings/0001628280-25-017684.md) | [149](/filings/0001144879-25-000069.md) | [210](/filings/0001144879-26-000006.md) | [222](/filings/0001144879-26-000030.md) | [256](/filings/0001144879-26-000059.md) | [277](/filings/0001144879-26-000006.md) | [282](/filings/0001144879-26-000030.md) | [292](/filings/0001144879-26-000059.md) |

- Diluted shares (weighted): us-gaap:WeightedAverageNumberOfDilutedSharesOutstanding

Shares outstanding: 302,387,140 at 2026-10-06, from the cover of the [10-Q filed 2026-10-07](/filings/0001144879-26-000059.md) (dei:EntityCommonStockSharesOutstanding).

Source: SEC EDGAR, XBRL company facts. Last ingested by Listed: Oct 24, 2026, 15:34 ET. No prices; not investment advice.