Applied Digital Corporation income statement APLD

Annual Quarterly

In fiscal 2026, which ended May 31, 2026, Applied Digital Corporation reported revenue of $611.3 million, up 324.0% from the year before. It recorded a net loss of $184.3 million. The operating loss came to $236.5 million, an operating margin of -38.7%. Diluted earnings per share were -$0.91. Over the twelve months ended Aug 31, 2026, revenue was $793.1 million. Across the 5 fiscal years shown, revenue grew from $8.5 million in fiscal 2022 to $611.3 million in fiscal 2026, about 190.8% a year.

USD in millions, except per-share amounts and margins. The percent under a figure is the change from the year before.

Line	FY 2027 Aug 31, 2026	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	793 +188.8%	611 +324.0%	144 +5.5%	137 +146.6%	55 +547.9%	9
Cost of revenue	584 +130.9%	397 +83.1%	217 +46.1%	148 +234.2%	44 +366.9%	10
Gross profit	209 +860.2%	214 +395.5%	-73 -519.1%	-12 -206.5%	11 +1249.8%	-1
Selling, general and administrative	417 +230.2%	332 +207.8%	108 +10.3%	98 +81.4%	54 +170.4%	20
Operating income	-289 -169.6%	-236 -227.6%	-72 +26.6%	-98 -129.2%	-43 -105.3%	-21
Pretax income	-331 -25.4%	-182 +21.4%	-231 -54.4%	-150 -232.3%	-45 -105.1%	-22
Income tax	4 +3231.8%	2 +1652.0%	0 +6.2%	0 +118.4%	-1 -196.9%	1
Net income	—	-184 +20.2%	-231 -54.4%	-150 -228.2%	-46 -93.8%	-24
Net income to common	-469 -89.1%	-250 -7.1%	-234	—	—	—
Basic EPS	-1.65 -51.7%	-0.91 +21.6%	-1.16 +11.5%	-1.31 -178.7%	-0.47 -14.6%	-0.41
Diluted EPS	-1.65 -51.7%	-0.91 +21.6%	-1.16 +11.5%	-1.31 -178.7%	-0.47 -14.6%	-0.41
Weighted average shares, basic	284 +24.7%	275 +36.8%	201 +76.4%	114 +21.4%	94 +64.5%	57
Weighted average shares, diluted	284 +24.7%	275 +36.8%	201 +76.4%	114 +21.4%	94 +64.5%	57
Other measures
Depreciation and amortization	105 -21.9%	67 -50.0%	135 +69.7%	79 +1015.7%	7 +535.1%	1
EBITDA	-184 -769.1%	-169 -370.4%	63 +429.5%	-19 +47.0%	-36 -81.0%	-20
Interest coverage	-2.92x	-8.01x	-2.25x	—	—	—
Margins
Gross margin	26.40%	35.08%	-50.33%	-8.58%	19.87%	-11.19%
Operating margin	-36.45%	-38.68%	-50.05%	-71.98%	-77.47%	-244.45%
Pretax margin	-41.70%	-29.70%	-160.18%	-109.48%	-81.26%	-256.71%
Profit margin	—	-30.15%	-160.25%	-109.55%	-82.33%	-275.24%
EBITDA margin	-23.19%	-27.66%	43.37%	-13.89%	-64.63%	-231.35%

How these figures are calculated

Annual columns are full-year amounts from the annual report (Form 10-K, 20-F, or 40-F). If a company restates a year, the latest filed number is shown. USD in millions, except per-share amounts and margins. Weighted average shares are in millions. Interest expense and finance costs are positive costs. A negative amount on a gain (loss) or income (expense) line is a loss or an expense. EBITDA is operating income plus depreciation and amortization. Interest coverage is operating income divided by interest expense. The first column is the trailing twelve months through the latest quarter. More on our methodology.

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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)

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Source: SEC EDGAR filings. This is company-reported data, not investment advice.