FY2026 · ended May 31, 2026 · Revenue $611.31M, +324.0% YoY · Filed Jul 29, 2026
Applied Digital Corporation (APLD) files with the SEC under industry code 7374, Services-Computer Processing & Data Preparation. In fiscal 2026, which ended May 31, 2026, it reported revenue of $611.3 million and a net loss of $184.3 million. Free cash flow was -$2.8 billion. As of Aug 31, 2026 it held $2.9 billion in cash and investments and $106.8 million in total debt.
Revenue (TTM)
$793.13M
+188.8% vs year-ago TTM
Net income
$-184.34M
+20.2% vs prior year
Operating cash flow (TTM)
$235.14M
+294.3% vs year-ago TTM
Free cash flow (TTM)
$-4.46B
-346.5% vs year-ago TTM
EPS (TTM)
$-1.65
-51.7% vs year-ago TTM
Dividend per share
None
Shares outstanding
291.47M
+11.5% vs prior year
Net cash
$2.84B
as of Aug 31, 2026
Operating margin
-36.4%
FY 2027
Company profile
- Industry
- Services-Computer Processing & Data Preparation (SIC 7374)
- Listed as
- APLD (Nasdaq)
- Fiscal year ends
- May 31
- Incorporated in
- NV
- Headquarters
- Dallas, TX
- SEC filer status
- Large accelerated filer
- SEC CIK
- 1144879
- Former names
- Applied Digital Corp. (until Oct 19, 2026); Applied Blockchain, Inc. (until Feb 8, 2023); Applied Science Products, Inc. (until Dec 22, 2020); FLIGHT SAFETY TECHNOLOGIES INC (until Jan 18, 2011); REEL STAFF INC (until Sep 13, 2002)
Other Services-Computer Processing & Data Preparation companies
- Automatic Data Processing Inc ADP
- Workday, Inc. WDAY
- Verisk Analytics, Inc. VRSK
- Toast, Inc. TOST
- Reddit, Inc. RDDT
- Hinge Health, Inc. HNGE
- RingCentral, Inc. RNG
- Pegasystems Inc PEGA
All 110 Services-Computer Processing & Data Preparation companies
Key figures
Fiscal-year totals from the annual reports. Balance sheet lines are as of each year end.
| Line | FY 2026 May 31, 2026 |
FY 2025 May 31, 2025 |
FY 2024 May 31, 2024 |
FY 2023 May 31, 2023 |
FY 2022 May 31, 2022 |
|---|---|---|---|---|---|
| Revenue | $611.3M | $144.2M | $136.6M | $55.4M | $8.5M |
| Operating income | -$236.5M | -$72.2M | -$98.3M | -$42.9M | -$20.9M |
| Net income | -$184.3M | -$231.1M | -$149.7M | -$45.6M | -$23.5M |
| Diluted EPS | -$0.91 | -$1.16 | -$1.31 | -$0.47 | -$0.41 |
| Operating cash flow | $89.7M | -$115.4M | $13.8M | $58.7M | -$872,000 |
| Free cash flow | -$2.8B | -$797.0M | -$128.0M | -$72.5M | -$59.1M |
| Total assets | $9.9B | $1.9B | $762.9M | $264.0M | $120.0M |
| Total liabilities | $6.2B | $1.2B | $638.0M | $194.3M | $40.7M |
| Stockholders' equity | $1.7B | $497.7M | $124.8M | $59.5M | $72.3M |
| Cash and investments | $1.6B | $44.0M | $3.3M | $29.0M | $38.8M |
| Total debt | $124.0M | $14.7M | $302.4M | $15.4M | $13.5M |
Recent SEC filings
| Form | Description | Filed | Period |
|---|---|---|---|
| 10-Q | Quarterly report | Oct 7, 2026 | Aug 31, 2026 |
| 8-K |
Current report
Results of operations
|
Oct 7, 2026 | Oct 7, 2026 |
| ARS | Annual report to shareholders | Sep 25, 2026 | May 31, 2026 |
| 10-K | Annual report | Jul 29, 2026 | May 31, 2026 |
| 8-K |
Current report
Results of operations
|
Jul 27, 2026 | Jul 27, 2026 |
| 8-K |
Current report
Material agreement, New debt, Unregistered share sale
|
Jun 26, 2026 | Jun 26, 2026 |
All 825 Applied Digital Corporation SEC filings
Source: SEC EDGAR filings. This is company-reported data, not investment advice.