Financial Statements · From SEC 10-K & 10-Q XBRL Filings
Applied Digital Corporation Revenue & Financial Statements
Applied Digital Corporation reported revenue of $144.2M for the fiscal year ended May 31, 2025, down 12.9% year over year, with net income of $(231.1M) and diluted EPS of $-1.16.
- Company
- Applied Digital Corporation APLD · NASDAQ
- Latest fiscal year
- FY ended May 31, 2025
- Statements
- Income · Balance Sheet · Cash Flow — 4 fiscal years, 8 quarters
Income Statement
Annual, as reported in 10-K filings. Values in USD.
| USD | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|
| Revenue | 8.5M | 55.4M | 165.6M | 144.2M |
| Cost of revenue | 9.5M | 44.4M | 148.3M | 101.5M |
| Gross profit | (957K) | 11.0M | 17.2M | 42.7M |
| Operating income | (20.9M) | (44.1M) | (99.0M) | (16.8M) |
| Pretax income | (21.9M) | (46.1M) | (149.6M) | (158.2M) |
| Net income | (23.5M) | (44.6M) | (149.3M) | (231.1M) |
| Diluted EPS | -0.41 | -0.49 | -1.31 | -1.16 |
| EBITDA | (19.9M) | (36.8M) | (19.7M) | 444K |
Quarterly
| USD | Q4 '24 | Q1 '24 | Q2 '24 | Q3 '25 | Q4 '25 | Q1 '25 | Q2 '25 | Q3 '26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 43.7M | 60.7M | 63.9M | 52.9M | (33.3M) | 64.2M | 126.6M | 126.6M |
| Cost of revenue | 46.3M | 61.1M | 52.4M | 49.1M | (61.1M) | 55.6M | 100.6M | 72.8M |
| Gross profit | (2.6M) | (356K) | 11.5M | 3.8M | 27.8M | 8.6M | 26.0M | 53.8M |
| Operating income | (27.6M) | 9.5M | (18.6M) | (18.9M) | 11.2M | (22.3M) | (31.0M) | (85.7M) |
| Pretax income | (64.4M) | (4.2M) | (138.7M) | (35.4M) | 20.2M | (26.2M) | (26.5M) | (70.6M) |
| Net income | (64.5M) | (4.2M) | (138.7M) | (35.6M) | (52.5M) | (16.9M) | (14.4M) | (70.6M) |
| Diluted EPS | -0.54 | -0.03 | -0.66 | -0.16 | -0.23 | -0.07 | -0.07 | -0.36 |
| EBITDA | 4.1M | 43.8M | 7.8M | (165K) | (51.1M) | (18.1M) | (22.4M) | (64.9M) |
Balance Sheet
Fiscal year-end snapshots. Values in USD.
| USD | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|
| Total assets | 120.0M | 264.0M | 762.9M | 1.9B |
| Current assets | 49.3M | 45.8M | 30.3M | 430.6M |
| Cash & equivalents | 38.8M | 29.0M | 3.3M | 41.6M |
| Total liabilities | 40.7M | 194.3M | 638.0M | 1.2B |
| Current liabilities | 29.0M | 115.5M | 385.5M | 558.1M |
| Long-term debt | 7.2M | — | — | — |
| Total debt | 7.2M | — | — | — |
| Stockholders’ equity | 72.3M | 59.5M | 124.8M | 497.7M |
| Net debt | (31.6M) | — | — | — |
Cash Flow Statement
Annual, as reported in 10-K filings. Values in USD.
| USD | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|
| Operating cash flow | (872K) | 58.7M | 13.8M | (115.4M) |
| Investing cash flow | (45.9M) | (132.1M) | (172.4M) | (667.7M) |
| Financing cash flow | 81.3M | 70.6M | 146.8M | 874.7M |
| Capital expenditure | 58.3M | — | — | — |
| Free cash flow | (59.1M) | — | — | — |
| Dividends paid | — | — | — | — |
| Stock-based compensation | 12.3M | 32.1M | 17.4M | 22.7M |
Figures are parsed from SEC XBRL company facts and may be derived where issuers report year-to-date values (quarterly figures differenced; Q4 computed as FY minus Q3). Fiscal periods follow each company's fiscal calendar, not calendar years. Historical fact, not investment advice — verify with official SEC filings.
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