gross profit bridgeinconsistent2025-05-31
Withheld: gross profit could not be reconciled with the rest of this filer’s statement.
Revenue
$341.88M
Fiscal year ended 2026-08-31Operating income
-$62.38M
Fiscal year ended 2026-08-31Free cash flow
Unavailable
Fiscal year ended 2026-08-31Valuation, from the filing
| Public float | $6.90B | Market value of stock held by non-affiliates, as stated on the cover page for 2025-11-30 |
|---|---|---|
| Float per share | $23.67 | Float divided by shares outstanding in the same filing. A floor under the share price on that date, not the price itself. |
| Float / revenue | 11.3× | A lower bound on the multiple, because affiliate holdings are excluded. |
| Float / equity | 4.0× | A lower bound on the multiple, because affiliate holdings are excluded. |
Every figure here is drawn from the 10-K cover page and the statements behind it, so each one traces to a filing. Public float counts only stock held by non-affiliates, which makes these floors rather than estimates: a high multiple is conclusive, a low one may mean cheap or may mean closely held. The float was measured on 2025-11-30, not today, and each multiple below it uses the figures for the fiscal year ending 2026-05-31 — the year that filing covered.
How this compares in its industry
Percentile among the Services-Computer Processing & Data Preparation filers on this site, highest value first. A high percentile means a large figure, which is good for a margin and not for leverage — the ranking says where the company sits, not whether that is where it should be.
| Measure | Reported | Percentile | |
|---|---|---|---|
| SBC / revenue | 36.0% | 85th | |
| Current ratio | 4.01x | 84th | |
| Revenue YoY growth | 167.5% | 83th | |
| Gross margin | 35.1% | 18th | |
| Operating margin | -38.7% | 36th |
Applied Digital Corp. (APLD) reported revenue of $341.88M and net income of -$184.06M for the fiscal year ended 2026-08-31. This page shows 10 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
| Metric | 2026-08-31 | 2026-05-31 | 2026-02-28 | 2025-11-30 | 2025-08-31 | 2025-05-31 | 2025-02-28 | 2024-11-30 | 2024-08-31 | 2024-05-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $341.88M | Unavailable | $126.64M | $126.59M | $80.93M | -$33.30M | $52.92M | $36.16M | $34.85M | $14.74M |
| Cost of revenue | $245.71M | $161.46M | $72.83M | $100.55M | $58.83M | $54.20M | $49.14M | $22.66M | $22.74M | $46.29M |
| Gross profit | $96.17M | Unavailable | $53.80M | $26.04M | $22.10M | Unavailable | $3.78M | $13.50M | $12.11M | Unavailable |
| Operating income | -$62.38M | -$124.82M | -$85.67M | -$30.96M | -$9.76M | -$44.10M | -$18.94M | -$12.80M | $25.29M | -$27.60M |
| Net income | -$184.06M | Unavailable | Unavailable | -$14.45M | -$16.93M | Unavailable | Unavailable | -$138.73M | -$4.25M | -$64.45M |
| Research & development | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Weighted-average diluted shares | shares 291.56M | Unavailable | shares 281.98M | shares 277.42M | shares 255.89M | Unavailable | shares 222.45M | shares 209.56M | shares 149.10M | Unavailable |
| Pretax income | -$166.12M | -$79.62M | -$70.56M | -$26.55M | -$16.92M | -$52.55M | -$35.44M | -$128.36M | $15.91M | -$64.35M |
| Income tax expense | $1.89M | $1.77M | -$2.00K | $15.00K | $8.00K | -$16.00K | $117.00K | $1.00K | $0 | $96.00K |
| Diluted EPS | $-0.82 | Unavailable | $-0.36 | $-0.07 | $-0.07 | Unavailable | $-0.16 | $-0.66 | $-0.03 | Unavailable |
| Selling, general & administrative | $114.68M | $165.28M | $79.72M | $56.99M | $29.48M | $41.02M | $22.72M | $25.97M | $10.99M | $31.32M |
| General & administrative | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Selling & marketing | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
Balance
| Metric | 2026-08-31 | 2026-05-31 | 2026-02-28 | 2025-11-30 | 2025-08-31 | 2025-05-31 | 2025-02-28 | 2024-11-30 | 2024-08-31 | 2024-05-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $2.95B | $1.59B | $1.73B | $1.91B | $73.91M | $43.95M | $68.74M | $286.24M | $58.22M | $3.34M |
| Total assets | $11.71B | $9.93B | $6.25B | $5.23B | $2.40B | $1.87B | $1.71B | $1.54B | $937.73M | $762.87M |
| Current assets | $4.08B | $4.66B | $2.43B | $2.72B | $641.74M | $132.80M | $274.26M | $328.39M | $84.11M | $404.14M |
| Total liabilities | $7.91B | $6.19B | $3.68B | $3.16B | $1.29B | $1.24B | $1.21B | $1.05B | $640.60M | $638.04M |
| Current liabilities | $1.59B | $1.16B | $1.02B | $563.40M | $985.49M | $499.72M | $393.58M | $424.35M | $386.66M | $554.11M |
| Total equity incl. NCI | $1.61B | $1.72B | $1.58B | $1.45B | $1.04B | $497.69M | $454.65M | $434.57M | $241.85M | $124.83M |
| Temporary (mezzanine) equity | $2.01B | $1.96B | $923.06M | $516.97M | $0 | $0 | Unavailable | Unavailable | Unavailable | Unavailable |
| Inventory | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Accounts receivable | $114.11M | $56.31M | $20.75M | $13.34M | $29.13M | $6.83M | $14.62M | $12.31M | $2.30M | $3.85M |
| Goodwill | $54.39M | $54.51M | Unavailable | Unavailable | Unavailable | $0 | Unavailable | Unavailable | Unavailable | Unavailable |
| Long-term debt | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Accounts payable | $336.86M | $395.47M | $377.43M | $92.91M | $172.82M | $251.49M | $170.52M | $192.02M | $140.26M | $104.53M |
Cash flow
| Metric | 2026-08-31 | 2026-05-31 | 2026-02-28 | 2025-11-30 | 2025-08-31 | 2025-05-31 | 2025-02-28 | 2024-11-30 | 2024-08-31 | 2024-05-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $63.92M | $132.54M | $55.01M | -$16.34M | -$81.53M | $6.86M | $5.90M | -$52.26M | -$75.89M | -$31.54M |
| Capital expenditures | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Investing cash flow | -$2.08B | -$1.34B | -$775.21M | -$568.58M | -$249.91M | -$201.98M | -$258.14M | -$174.93M | -$32.61M | -$52.48M |
| Financing cash flow | $1.54B | $3.26B | $532.11M | $2.77B | $322.24M | $57.22M | $198.89M | $455.22M | $163.36M | $74.73M |
| Net change in cash | -$475.49M | $2.05B | -$188.09M | $2.18B | -$9.21M | -$137.91M | -$53.36M | $228.02M | $54.87M | -$9.29M |
| Stock-based compensation | $66.50M | $125.39M | $50.15M | $29.13M | $15.46M | $12.47M | $9.69M | $3.46M | -$2.92M | $3.73M |
| Common dividends paid | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Common share repurchases | Unavailable | $0 | $0 | Unavailable | Unavailable | $0 | $0 | Unavailable | Unavailable | Unavailable |
| Depreciation & amortization | $41.91M | $33.84M | $20.81M | $8.59M | $4.15M | $55.12M | $18.78M | $4.70M | $4.14M | $31.70M |
Derived
| Metric | 2026-08-31 | 2026-05-31 | 2026-02-28 | 2025-11-30 | 2025-08-31 | 2025-05-31 | 2025-02-28 | 2024-11-30 | 2024-08-31 | 2024-05-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Free cash flow | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Gross margin | 28.1% | Unavailable | 42.5% | 20.6% | 27.3% | Unavailable | 7.1% | 37.3% | 34.7% | Unavailable |
| Operating margin | -18.2% | Unavailable | -67.6% | -24.5% | -12.1% | Unavailable | -35.8% | -35.4% | 72.6% | Unavailable |
| FCF margin | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| SBC / revenue | 19.5% | Unavailable | 39.6% | 23.0% | 19.1% | Unavailable | 18.3% | 9.6% | -8.4% | Unavailable |
| Current ratio | 2.56x | 4.01x | 2.38x | 4.82x | 0.65x | 0.27x | 0.70x | 0.77x | 0.22x | 0.73x |
| Revenue YoY growth | 322.4% | Unavailable | 139.3% | 250.1% | 132.2% | -325.9% | 22.1% | -14.3% | -4.1% | -33.1% |
| Net margin | -53.8% | Unavailable | Unavailable | -11.4% | -20.9% | Unavailable | Unavailable | -383.6% | -12.2% | Unavailable |
| R&D / revenue | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| CapEx / revenue | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Long-term debt / equity | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Effective tax rate | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | 0.0% | Unavailable |
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-Q · Filed 2026-10-07View SEC filing
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
Reconciliation checks needing review
11 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.
gross profit bridgeinconsistent2024-05-31
Withheld: gross profit could not be reconciled with the rest of this filer’s statement.
balance equationreview2026-08-31
Difference 181302000 exceeds tolerance 11707176.000. Presentation or filing-vintage differences need review.
balance equationreview2026-05-31
Difference 62766000 exceeds tolerance 9929312.000. Presentation or filing-vintage differences need review.
balance equationreview2026-02-28
Difference 63160000 exceeds tolerance 6246818.000. Presentation or filing-vintage differences need review.
balance equationreview2025-11-30
Difference 105218000 exceeds tolerance 5229344.000. Presentation or filing-vintage differences need review.
balance equationreview2025-08-31
Difference 63728000 exceeds tolerance 2398995.000. Presentation or filing-vintage differences need review.
balance equationreview2025-05-31
Difference 136037000 exceeds tolerance 1870090.000. Presentation or filing-vintage differences need review.
balance equationreview2025-02-28
Difference 43219000 exceeds tolerance 1707347.000. Presentation or filing-vintage differences need review.
balance equationreview2024-11-30
Difference 55782000 exceeds tolerance 1543169.000. Presentation or filing-vintage differences need review.
balance equationreview2024-08-31
Difference 55282000 exceeds tolerance 1000000. Presentation or filing-vintage differences need review.