Applied Digital (APLD) Financial Statements & Analysis

Applied Digital (APLD) Income Statement

Applied Digital reported revenue of $611.31M in fiscal 2026 (fiscal year ended May 31, 2026), up 167.5% from $228.57M a year earlier. Applied Digital posted a net loss of $244.00M, compared with a net loss of $233.68M a year earlier. Gross margin was 25.8% and operating margin -28.5%. In the most recent quarter, Q1 fiscal 2027 (ended Aug 31, 2026), revenue was $341.88M, up 432.4% from the same quarter a year earlier.

Applied Digital Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Applied Digital Corporation income statement - Annual data in millions USD
Breakdown	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period ending	May 2026	May 2025	May 2024	May 2023	May 2022	May 2021	May 2020
Revenue & Gross Profit
Revenue	611.31	228.57	165.58	55.39	8.55	0.00	0.00
Cost of Revenue	453.63	216.76	148.34	44.39	9.51	0.00	0.00
Gross Profit	157.68	11.81	17.24	11.00	-0.96	0.00	0.00
Operating Expenses
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	332.10	107.88	97.78	53.92	19.94	0.33	0.00
Operating Expenses	332.10	83.99	115.57	53.92	19.94	0.33	0.00
Operating Income	-174.41	-72.18	-98.34	-42.91	-20.90	-0.33	0.00
Other Income/Expense
Interest Income	0.00	3.12	0.93	0.00	0.00	0.00	0.00
Interest Expense	29.52	-14.74	-17.71	2.01	0.11	-0.24	0.26
Other Income/Expense	22.40	-158.79	-51.24	-0.09	-0.94	-0.24	-0.26
Income
Income Before Tax	-181.53	-230.96	-149.58	-45.01	-21.95	-0.57	-0.26
Income Tax Expense	1.79	0.10	0.10	-0.52	0.54	0.00	0.00
Net Income	-244.00	-233.68	-149.27	-44.65	-23.52	-0.57	-0.26
Net Income - Continuous Operations	-183.32	-231.07	-149.67	-44.49	-22.49	-0.57	-0.26
Net Income - Discontinued Operations	-1.02	-72.73	-75.30	-1.12	-1.04	-	-
EBITDA	-84.63	1.88	-1.18	-35.39	-20.71	-0.33	0.00
EBIT	-152.02	-96.07	-80.54	-43.01	-21.83	-0.33	-
Depreciation & Amortization	67.39	97.95	79.36	7.61	0.05	0.00	0.00
Earnings Per Share
Basic EPS	-1.00	-1.00	-1.00	-	-	-	-
Diluted EPS	-1.00	-1.00	-1.00	-	-	-	-
Basic Shares Outstanding	275.19	201.19	114.06	93.98	57.12	9.07	1.51
Diluted Shares Outstanding	275.19	201.19	114.06	93.98	57.12	9.07	1.51

Source: Company financial statements from annual and quarterly filings. Data as of Aug 31, 2026. Data sources and methodology

Frequently Asked Questions About Applied Digital Financial Statements

What was Applied Digital's revenue in fiscal 2026?

Applied Digital reported revenue of $611.31M in fiscal 2026 (fiscal year ended May 31, 2026). That was up 167.5% from $228.57M a year earlier.

Is Applied Digital profitable?

No. Applied Digital reported a net loss of $244.00M in fiscal 2026. In fiscal 2025 it lost $233.68M.

What is Applied Digital's operating margin?

Applied Digital's operating income was −$174.41M on revenue of $611.31M in fiscal 2026, an operating margin of -28.5%, compared with -31.6% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition