SequelSEC

Applied Digital Corp. APLD

Services-Computer Processing & Data Preparation · CIK 0001144879 · Fiscal year ends 0531

AnnualQuarterlyTTM
Revenue
$611.31M
Fiscal year ended 2026-05-31
Operating income
-$236.46M
Fiscal year ended 2026-05-31
Free cash flow
Unavailable
Fiscal year ended 2026-05-31

Applied Digital Corp. (APLD) reported revenue of $611.31M for the fiscal year ended 2026-05-31. This page shows 6 annual periods of income statement, balance sheet and cash flow figures normalized from Applied Digital Corp.’s SEC filings, each linked to the filing it came from. It is classified by the SEC under Services-Computer Processing & Data Preparation.

Income

Applied Digital Corp. income by fiscal year, in US dollars, normalized from SEC filings.
Metric2026-05-312025-05-312024-05-312023-05-312022-05-312021-05-31
Revenue$611.31M$228.57M$165.58M$55.39M$8.55M$0
Cost of revenue$396.86M$216.76M$148.34M$44.39M$9.51M$0
Gross profit$214.45M$11.81M$17.24M$11.00M-$957.00K$0
Operating income-$236.46M-$72.18M-$98.34M-$42.91M-$20.90M-$332.00K
Net incomeUnavailableUnavailable-$149.27M-$44.65M-$23.52M-$568.00K
Research & developmentUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Weighted-average diluted sharesshares 275.19Mshares 201.19Mshares 114.06Mshares 93.98Mshares 57.12Mshares 1.51M
Pretax income-$181.53M-$230.96M-$149.58M-$45.01M-$21.95M-$568.00K
Income tax expense$1.79M$102.00K$96.00K-$523.00K$540.00K$0
Diluted EPS$-0.91$-1.16$-1.31$-0.47$-0.41$-0.38
Selling, general & administrative$332.10M$107.88M$97.78M$53.92M$19.94M$332.00K
General & administrativeUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Selling & marketingUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable

Balance

Applied Digital Corp. balance by fiscal year, in US dollars, normalized from SEC filings.
Metric2026-05-312025-05-312024-05-312023-05-312022-05-312021-05-31
Cash & equivalents$1.59B$43.95M$3.34M$29.00M$38.80M$11.75M
Total assets$9.93B$1.87B$762.87M$263.96M$119.98M$15.05M
Current assets$4.66B$132.80M$404.14M$45.67M$40.36M$11.76M
Total liabilities$6.19B$1.24B$638.04M$194.28M$40.74M$2.50M
Current liabilities$1.16B$499.72M$554.11M$115.46M$29.00M$2.50M
Total equity incl. NCI$1.72B$497.69M$124.83M$69.68M$79.24M-$2.58M
Temporary (mezzanine) equity$1.96B$0Unavailable$0$0$15.14M
InventoryUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Accounts receivable$56.31M$6.83M$3.85M$82.00K$227.00K$0
Goodwill$54.51M$0UnavailableUnavailableUnavailableUnavailable
Long-term debtUnavailableUnavailableUnavailableUnavailable$7.19MUnavailable
Accounts payable$395.47M$251.49M$104.53M$6.45MUnavailableUnavailable

Cash flow

Applied Digital Corp. cash flow by fiscal year, in US dollars, normalized from SEC filings.
Metric2026-05-312025-05-312024-05-312023-05-312022-05-312021-05-31
Operating cash flow$89.68M-$115.40M$13.79M$58.74M-$872.00K-$83.00K
Capital expendituresUnavailableUnavailableUnavailableUnavailable$58.25M$20.00K
Investing cash flow-$2.94B-$667.65M-$172.44M-$132.09M-$45.87M-$3.30M
Financing cash flow$6.88B$874.69M$146.76M$70.63M$81.29M$15.14M
Net change in cash$4.03B$91.63M-$11.89M-$2.72M$34.55M$11.75M
Stock-based compensation$220.14M$22.70M$17.36M$32.07M$12.34M$0
Common dividends paidUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Common share repurchases$0$31.34M$0$0UnavailableUnavailable
Depreciation & amortization$67.39M$134.71M$79.36M$7.11M$1.12M$1.00K

Derived

Applied Digital Corp. derived by fiscal year, in US dollars, normalized from SEC filings.
Metric2026-05-312025-05-312024-05-312023-05-312022-05-312021-05-31
Free cash flowUnavailableUnavailableUnavailableUnavailableUnavailable-$103.00K
Gross margin35.1%5.2%10.4%Unavailable-11.2%Unavailable
Operating margin-38.7%-31.6%-59.4%-77.5%-244.4%Unavailable
FCF marginUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
SBC / revenue36.0%9.9%10.5%57.9%144.3%Unavailable
Current ratio4.01x0.27x0.73x0.40x1.39x4.70x
Revenue YoY growth167.5%38.0%198.9%547.9%UnavailableUnavailable
Net marginUnavailableUnavailableUnavailableUnavailable-275.1%Unavailable
R&D / revenueUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
CapEx / revenueUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Long-term debt / equityUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Effective tax rateUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable

Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open APLD in the interactive workspace to inspect any figure back to its filing.

Source filings

10-K · Filed 2026-07-29View SEC filing
10-Q · Filed 2026-04-08View SEC filing
10-Q · Filed 2026-01-08View SEC filing
10-Q · Filed 2025-10-09View SEC filing
10-K · Filed 2025-07-30View SEC filing
10-Q · Filed 2025-04-14View SEC filing

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Reconciliation checks needing review

2 periods on this page do not reconcile under this site’s normalization. Read that as a limitation here before an observation about the company: the figures are the filer’s own, the filings linked above are authoritative, and a difference usually means the concepts this site selected do not match how this filer presents its statements. Nothing is adjusted to make a check pass.

balance equationreview2026-05-31

Difference 62766000 exceeds tolerance 9929312.000. Presentation or filing-vintage differences need review.

balance equationreview2025-05-31

Difference 136037000 exceeds tolerance 1870090.000. Presentation or filing-vintage differences need review.