$44.71
-6.7%Applied Digital Corporation designs, develops, and operates digital infrastructure solutions and cloud services high-performance computing (HPC) and artificial intelligence industries in North America. It operates through three segments: Data Center Hosting Business, Cloud Services Business, and HPC Hosting Business. The company offers infrastructure services to crypto mining customers; and GPU computing solutions for critical workloads related to AI, machine learning, and other HPC tasks. It also engages in the designing, constructing, and managing of data centers to support HPC applications. The company was formerly known as Applied Blockchain, Inc. and changed its name to Applied Digital Corporation in November 2022. Applied Digital Corporation is based in Dallas, Texas.
Thin margins leave little room for error. Cost management and pricing strategy are critical.
Operating losses indicate the core business is unprofitable. Requires restructuring or revenue growth.
Net losses indicate the company is burning cash. Sustainability depends on path to profitability.
High margin compression: Large gap between gross and net margins suggests operational inefficiencies or heavy debt burden. Focus on expense management and deleveraging.
APLD โข NASDAQ
| Applied Digital Corporation Income Statement | May 2025 | May 2024 | May 2023 | May 2022 | May 2021 | May 2020 | May 2008 | May 2007 | May 2006 | May 2005 | May 2004 | May 2003 | May 2002 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
REVENUE | |||||||||||||
215.5M | 136.6M | 55.4M | 8.5M | 0.0 | 0.0 | 337K | 1.5M | 3.9M | 3.3M | 3.6M | 1.1M | 490K | |
GROSS PROFIT | |||||||||||||
(192.8M) | (106.7M) | (44.4M) | (21.9M) | (1K) | (0.0) | (218.6K) | (1.4M) | (2.5M) | (2.4M) | (2.5M) | (858.3K) | (504.8K) | |
22.7M | 30M | 11M | -13.3M | -1K | 0.0 | 118.4K | 117.9K | 1.4M | 951.4K | 1.1M | 234.8K | -14.7K | |
OPERATING INCOME | |||||||||||||
(94.9M) | (45M) | (55.1M) | (7.6M) | (331K) | (0.0) | (2.8M) | (3.2M) | (3.6M) | (2.6M) | (1.6M) | (1.2M) | (808.4K) | |
(94.9M) | (45M) | (55.1M) | (7.6M) | (331K) | (0.0) | (2.5M) | (3M) | (2.6M) | (2M) | (1.4M) | (1.1M) | (762.9K) | |
(0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (284.7K) | (130.2K) | (1.1M) | (557.1K) | (170.8K) | (40.4K) | (45.5K) | |
-72.3M | -15.1M | -44.1M | -20.9M | -332K | 0.0 | -2.7M | -3.1M | -2.3M | -1.6M | -448.1K | -947.8K | -823.1K | |
PRE-TAX INCOME | |||||||||||||
(17.9M) | (18.6M) | (2M) | (112K) | (236K) | (263K) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (2.2K) | (6.9K) | |
-14.7M | -17.7M | -2M | -112K | -236K | -263K | 97.6K | 240.9K | 284K | 223.6K | 39.7K | 5.6K | 14K | |
-131.4M | -59.2M | -2.1M | -1M | -236K | -263K | -582.4K | 252.9K | 21.6K | 223.6K | 39.7K | 5.6K | 14K | |
-203.6M | -74.3M | -46.1M | -21.9M | -568K | -263K | -3.3M | -2.8M | -2.2M | -1.4M | -408.3K | -942.2K | -809.1K | |
NET INCOME | |||||||||||||
(102K) | (96K) | -523K | (540K) | (0.0) | (0.0) | (7.1K) | -13.6K | (24.8K) | (27.7K) | (15.9K) | (1.8K) | (0.0) | |
-231.1M | -149.3M | -44.6M | -23.5M | -568K | -263K | -3.3M | -2.8M | -2.3M | -1.4M | -424.2K | -944K | -809.1K |
APLD - Filing history and reports
| Filing Type | Filing Date | Period Ending | Fiscal Year | Actions |
|---|---|---|---|---|
8-K 8-K 2026 N/A | May 05, 2026 | May 01, 2026 | 2026 | |
8-K 8-K 2026 N/A | April 23, 2026 | April 23, 2026 | 2026 | |
8-K 8-K 2026 N/A | April 16, 2026 | April 10, 2026 | 2026 | |
10-Q 10-Q 2026 Q1 Q1 | April 08, 2026 | February 28, 2026 | 2026 | |
8-K 8-K 2026 N/A | April 08, 2026 | April 08, 2026 | 2026 | |
8-K/A 8-K/A 2026 (Amended) N/A | April 01, 2026 | March 30, 2026 | 2026 | |
8-K/A 8-K/A 2026 (Amended) N/A | March 13, 2026 | March 10, 2026 | 2026 | |
8-K 8-K 2026 N/A | March 10, 2026 | March 10, 2026 | 2026 | |
8-K 8-K 2026 N/A | March 04, 2026 | March 04, 2026 | 2026 | |
8-K 8-K 2026 N/A | March 04, 2026 | February 26, 2026 | 2026 |
Continue your APLD research with focused valuation guides.
Snapshot
Start with context, operating signals, and key market metrics.
Value Model
Stress test fair value across bear, base, and bull assumptions.
Statements
Validate revenue quality, margins, and balance sheet durability.
Earnings Call
Read management commentary and compare it with reported outcomes.
Dividends
Check payout sustainability and long-term distribution behavior.
Analyst Expectations
Review consensus spread and where estimate risk is concentrated.