Applied Digital Financial Statements
NASDAQ: APLDTechnologyEDP ServicesUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Applied Digital revenue and earnings
In fiscal 2026, Applied Digital generated $611.3 million in revenue, up 167.5% from fiscal 2025, its 5th consecutive year of revenue growth. Applied Digital reported a net loss of $184.3 million, compared with a loss of $231.1 million a year earlier. Gross margin was 35.1% (up from 5.2%) and operating margin -38.7%.
Diluted earnings per share came in at -$0.91.
Summary generated from market data by MetaCap's automated system. Methodology
Applied Digital income statement (annual)
| Fiscal year (USD) | FY 20262026-05-31 | FY 20252025-05-31 | FY 20242024-05-31 | FY 20232023-05-31 | FY 20222022-05-31 | FY 20212021-05-31 |
|---|---|---|---|---|---|---|
| Revenue | 611.31M | 228.57M | 165.57M | 55.39M | 8.55M | 0 |
| Revenue growth (YoY) | +167.45% | +38.05% | +198.92% | +547.94% | — | — |
| Cost of Revenue | 396.86M | 216.76M | 148.34M | 44.39M | 9.51M | 0 |
| Gross Profit | 214.45M | 11.81M | 17.23M | 11.00M | -957.00K | 0 |
| Operating Expenses | 450.92M | 83.98M | 115.57M | 53.91M | 19.94M | 332.00K |
| Selling, General & Admin | 332.10M | 107.88M | 97.78M | 53.91M | 19.94M | 332.00K |
| Operating Income | -236.46M | -72.17M | -98.34M | -42.91M | -20.90M | -332.00K |
| Interest Expense | 29.52M | 32.14M | 26.83M | 1.98M | 112.00K | 236.00K |
| Other Income (Expense) | — | — | — | -2.07M | -1.05M | -236.00K |
| Pretax Income | -181.53M | -230.96M | -149.57M | -45.01M | -21.95M | -568.00K |
| Income Tax | 1.79M | 102.00K | 96.00K | -523.00K | 540.00K | 0 |
| Net Income | -184.34M | -231.06M | -149.27M | -44.65M | -23.52M | -568.00K |
| Net Income growth (YoY) | — | — | — | — | — | — |
| EPS (Basic) | -0.91 | -1.16 | -1.31 | -0.47 | -0.41 | -0.38 |
| EPS (Diluted) | -0.91 | -1.16 | -1.31 | -0.47 | -0.41 | -0.38 |
| Shares Outstanding (Basic) | 275.19M | 201.19M | 114.06M | 93.98M | 57.12M | 1.51M |
| Shares Outstanding (Diluted) | 275.19M | 201.19M | 114.06M | 93.98M | 57.12M | 1.51M |
| EBITDA | -169.07M | 62.53M | -18.98M | -35.80M | -19.78M | -331.00K |
| Gross Margin | 35.08% | 5.17% | 10.41% | 19.87% | -11.19% | — |
| Operating Margin | -38.68% | -31.58% | -59.39% | -77.47% | -244.45% | — |
| Net Margin | -30.15% | -101.09% | -90.15% | -80.60% | -275.12% | — |
This table shows 6 annual periods of Applied Digital's income statement, from FY 2026 back to FY 2021, across 19 line items including revenue, cost of revenue, gross profit. Values in USD; B = billions, M = millions. Fiscal periods follow APLD's reporting calendar. What is a income statement?