Applied Digital Corporation
TechnologyNASDAQ:APLD · NASDAQ Global Select
+$2.48 today
Vol 18.03M · Avg 21.96M
Income Statement
Follow revenue through to earnings
Review sales, margins, expenses, and profit trends to see what is actually driving reported earnings over time.
Earnings Waterfall
Revenue to Net Income
Key Ratios
Analysis
$355.5M of revenue converted into -$186.3M of net income for the selected period. Gross margin is 24.2% and net margin is -64.2%, showing how much revenue survives after costs and taxes. EPS is $-0.75, tying the income statement back to per-share earnings.
Income Statement
Annual data · 5 periods
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $215.5M +57.7% | $136.6M +146.6% | $55.4M +547.9% | $8.5M | $0 | $809.6M | $921.6M | $731.2M |
| Cost of Revenue | $192.8M +80.8% | $106.7M +140.3% | $44.4M +102.8% | $21.9M +2189100.0% | $1.0K | $725.6M | $804.0M | $882.4M |
| Gross Profit | $22.7M -24.3% | $30.0M +172.3% | $11.0M +182.5% | -$13.3M -1334200.0% | -$1.0K | $8.9B | $7.6B | $6.2B |
| Gross Margin | 10.5% -11.4pp | 21.9% +2.1pp | 19.9% +175.9pp | -156.1% | — | 9.8% | 28.9% | 38.3% |
| Research & Development | $0 | $0 | $0 | $0 | $0 | $983.2M | $1.3B | $490.4M |
| Selling, General & Admin | $94.9M +110.9% | $45.0M -18.2% | $55.1M +628.8% | $7.6M +2182.5% | $331.0K | $620.6M | $923.0M | -$1.5B |
| Operating Expenses | $94.9M +110.9% | $45.0M -18.2% | $55.1M +628.8% | $7.6M +2182.5% | $331.0K | $5.3B | $7.0B | $8.7B |
| Depreciation & Amortization | $83.6M +289.2% | $21.5M +195.5% | $7.3M +548.8% | $1.1M +111900.0% | $1.0K | $374.2M | $1.2B | $631.8M |
| EBITDA | -$91.8M -168.8% | -$34.2M +7.4% | -$36.9M -78.1% | -$20.7M -6158.0% | -$331.0K | -$15.2B | $6.8B | $9.3B |
| EBITDA Margin | -42.6% -17.6pp | -25.0% +41.6pp | -66.6% +175.7pp | -242.3% | — | 5.6% | 46.3% | 42.0% |
| Operating Income | -$72.3M -379.9% | -$15.1M +65.8% | -$44.1M -110.8% | -$20.9M -6194.6% | -$332.0K | $12.3B | $14.0B | -$15.7B |
| Operating Margin | -33.5% -22.5pp | -11.0% +68.5pp | -79.5% +164.9pp | -244.4% | — | 16.6% | 24.1% | 22.0% |
| Interest Income | $3.1M +234.8% | $931.0K | $0 | $0 | $0 | -$1.5B | -$1.6B | $405.0M |
| Interest Expense | $17.9M -4.2% | $18.6M +841.4% | $2.0M +1667.9% | $112.0K -52.5% | $236.0K | $1.1B | $1.0B | $1.2B |
| Other Income / Expenses | -$131.4M -121.8% | -$59.2M -2755.6% | -$2.1M -97.9% | -$1.0M -344.1% | -$236.0K | -$1.5B | $1.4B | $1.2B |
| Income Before Tax | -$203.6M -174.1% | -$74.3M -61.0% | -$46.1M -110.2% | -$21.9M -3763.7% | -$568.0K | $3.3B | $4.9B | $3.6B |
| Pre-Tax Margin | -94.5% -40.1pp | -54.4% +28.9pp | -83.3% +173.4pp | -256.7% | — | 20.8% | 18.7% | 26.2% |
| Income Tax Expense | $102.0K +6.3% | $96.0K +118.4% | -$523.0K -196.9% | $540.0K | $0 | $1.3B | -$1.6B | $745.2M |
| Net Income | -$231.1M -54.8% | -$149.3M -234.4% | -$44.6M -89.8% | -$23.5M -4040.8% | -$568.0K | $4.9B | $4.8B | $4.7B |
| Net Margin | -107.2% +2.0pp | -109.3% -28.7pp | -80.6% +194.5pp | -275.1% | — | 12.4% | 17.5% | 22.5% |
| EPS (Basic) | -$1 +11.5% | -$1 -172.9% | -$0 -17.1% | -$0 -583.3% | -$0 | $400.8M | $703.2M | $1.3B |
| EPS (Diluted) | -$1 +11.5% | -$1 -172.9% | -$0 -17.1% | -$0 -583.3% | -$0 | $766.2M | $609.4M | $452.6M |
| Weighted Avg Shares | $201.2M +76.4% | $114.1M +21.4% | $94.0M +64.5% | $57.1M +541.8% | $8.9M | $757.8M | $925.8M | $1.1B |
| Weighted Avg Shares (Diluted) | $201.2M +76.4% | $114.1M +21.4% | $94.0M +64.5% | $57.1M +541.8% | $8.9M | $1.2B | $924.4M | $678.0M |
Older periods hidden.
Sign in to unlockCompetitors
Peer companies in the same sector
Tower Semiconductor Ltd.
NASDAQ:TSEM
$29.46B
Amkor Technology, Inc.
NASDAQ:AMKR
$20.52B
Aurora Innovation, Inc.
NASDAQ:AUR
$11.85B
Confluent, Inc.
CFLT
$11.08B
Jack Henry & Associates, Inc.
NASDAQ:JKHY
$9.10B
ServiceTitan, Inc.
NASDAQ:TTAN
$6.37B
Amdocs Limited
NASDAQ:DOX
$6.08B
AppFolio, Inc.
NASDAQ:APPF
$5.76B
Open Text Corporation
NASDAQ:OTEX
$5.35B
EPAM Systems, Inc.
NYSE:EPAM
$4.95B
SEC Filings
Recent regulatory filings
No filings found.
How much revenue does APLD generate?
Applied Digital Corporation (APLD) reported $215.51M of revenue in fiscal 2025.
Is APLD profitable?
Applied Digital Corporation (APLD) reported -$231,065,000.00 of net income, with a net margin of -107.2%.
Explore More
Continue the stock analysis
Jump to another research area for this company.