Applied Digital Quarterly Income Statement
NASDAQ: APLDTechnologyInformation Technology ServicesUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Applied Digital revenue and earnings
In the quarter ended Aug 31, 2026, Applied Digital generated $341.9 million in revenue, up 322.4% from the same quarter a year earlier. Applied Digital reported a net loss of $184.1 million, compared with a loss of $16.9 million a year earlier. Gross margin was 28.1% (up from 27.3%) and operating margin -18.2%.
Diluted earnings per share came in at -$0.82.
Summary generated from market data by MetaCap's automated system. Methodology
Applied Digital income statement (quarterly)
| Quarter (USD) | Q1 20272026-08-31 | Q4 20262026-05-31 | Q3 20262026-02-28 | Q2 20262025-11-30 | Q1 20262025-08-31 | Q4 20252025-05-31 | Q3 20252025-02-28 | Q2 20252024-11-30 | Q1 20252024-08-31 | Q4 20242024-05-31 | Q3 20242024-02-29 | Q2 20242023-11-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 341.88M | — | 126.64M | 126.59M | 80.93M | -33.30M | 52.92M | 36.16M | 34.85M | 14.74M | 43.35M | 42.20M |
| Revenue growth (YoY) | +322.41% | — | +139.29% | +250.05% | +132.24% | -325.89% | +22.08% | -14.31% | -4.06% | -33.11% | +207.65% | +242.00% |
| Cost of Revenue | 245.71M | 161.46M | 72.83M | 100.55M | 58.83M | 54.20M | 49.14M | 22.66M | 22.74M | 46.29M | 47.06M | 29.77M |
| Gross Profit | 96.17M | — | 53.80M | 26.04M | 22.10M | -87.50M | 3.78M | 13.50M | 12.11M | -31.55M | -3.71M | 12.43M |
| Operating Expenses | 158.54M | — | 139.47M | 56.99M | 31.86M | -43.40M | 22.72M | 26.31M | -13.19M | -3.94M | 51.74M | 20.35M |
| Selling, General & Admin | 114.68M | 165.28M | 79.72M | 56.99M | 29.48M | 41.02M | 22.72M | 25.97M | 10.99M | 31.32M | 30.02M | 20.27M |
| Operating Income | -62.38M | -124.82M | -85.67M | -30.96M | -9.76M | -44.10M | -18.94M | -12.80M | 25.29M | -27.60M | -55.46M | -7.91M |
| Interest Expense | 77.38M | 10.63M | -2.39M | 11.48M | 8.01M | 8.45M | 8.90M | 2.93M | 2.96M | 18.00M | 4.40M | 2.35M |
| Pretax Income | -166.12M | -79.62M | -70.56M | -26.55M | -16.92M | -52.55M | -35.44M | -128.36M | 15.91M | -64.35M | -62.84M | -10.53M |
| Income Tax | 1.89M | 1.77M | -2.00K | 15.00K | 8.00K | -16.00K | 117.00K | 1.00K | 0 | 96.00K | 0 | 0 |
| Net Income | -184.06M | -82.41M | -70.56M | -14.45M | -16.93M | -52.54M | -35.55M | -138.73M | -4.25M | -64.45M | -62.84M | -10.53M |
| Net Income growth (YoY) | — | — | — | — | — | — | — | — | — | — | — | — |
| EPS (Basic) | -0.82 | -0.41 | -0.36 | -0.07 | -0.07 | -0.31 | -0.16 | -0.66 | -0.03 | -0.58 | -0.52 | -0.10 |
| EPS (Diluted) | -0.82 | -0.41 | -0.36 | -0.07 | -0.07 | -0.31 | -0.16 | -0.66 | -0.03 | -0.58 | -0.52 | -0.10 |
| Shares Outstanding (Basic) | 291.56M | — | 281.98M | 277.42M | 255.89M | — | 222.45M | 209.56M | 149.10M | — | 121.43M | 109.66M |
| Shares Outstanding (Diluted) | 291.56M | — | 281.98M | 277.42M | 255.89M | — | 222.45M | 209.56M | 149.10M | — | 121.43M | 109.66M |
| EBITDA | -20.47M | -90.98M | -64.85M | -22.37M | -5.61M | 11.02M | -165.00K | -8.10M | 29.44M | 4.09M | -29.25M | 5.51M |
| Gross Margin | 28.13% | — | 42.49% | 20.57% | 27.31% | 262.75% | 7.14% | 37.34% | 34.74% | -213.99% | -8.57% | 29.46% |
| Operating Margin | -18.25% | — | -67.65% | -24.45% | -12.06% | 132.44% | -35.79% | -35.41% | 72.58% | -187.25% | -127.93% | -18.75% |
| Net Margin | -53.84% | — | -55.72% | -11.41% | -20.91% | 157.77% | -67.19% | -383.61% | -12.19% | -437.19% | -144.96% | -24.95% |
This table shows 12 quarterly periods of Applied Digital's income statement, from Q1 2027 back to Q2 2024, 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?