Applied Digital Corporation (APLD) income statement
NASDAQ · Technology · Information Technology Services · 256 employees · CEO Wes Cummins
- Price
- $17.82 -8.22%
- Market cap
- $5.39B
- Enterprise value
- $8.92B
- Last report
- Q1 '27 filed 2026-10-07
- Next report
- 2027-01-06
Applied Digital Corporation (APLD) reported revenue of $342M for Q1 '27 (+432.4% year on year), operating income of -$62.4M (-18.2% of revenue) and net income of -$236M. Over the last four quarters revenue was $854M.
Income statement
| Income statement | Trend | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 | Q4 '26 | Q1 '27 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $42.2M | $43.3M | $14.7M | $60.7M | $63.9M | $52.9M | $51.1M | $64.2M | $127M | $127M | $259M | $342M | |
| Cost of revenue | $29.2M | $47.1M | $5.97M | $61.1M | $52.4M | $49.1M | $54.2M | $55.6M | $101M | $72.8M | $218M | $290M | |
| Gross profit | $13M | -$3.71M | $8.77M | -$356K | $11.5M | $3.78M | -$3.12M | $8.61M | $26M | $53.8M | $40.5M | $52.3M | |
| General & administrative | $0 | $0 | $0 | $14.3M | $29.8M | $22.7M | $41M | $0 | $0 | $0 | $0 | $115M | |
| Other operating expenses | $0 | $0 | $0 | -$24.2M | $333K | $0 | -$45K | $0 | $0 | $0 | $0 | $0 | |
| Operating expenses | $21.1M | $30M | -$23.1M | -$9.84M | $30.1M | $22.7M | $41M | $29.2M | $57M | $79.7M | $158M | $115M | |
| Operating income | -$8.09M | -$33.7M | $31.9M | $9.48M | -$18.6M | -$18.9M | -$44.1M | -$20.5M | -$31M | -$25.9M | -$117M | -$62.4M | |
| Interest income | $0 | $0 | $931K | $0 | $0 | $0 | $0 | $0 | $0 | $2.39M | $0 | $35.8M | |
| Interest expense | $2.36M | $4.77M | $9.44M | $7.31M | $7.48M | $8.9M | $8.45M | $3.95M | $11.5M | $0 | $10.6M | $77.4M | |
| Other non-operating income (gains on investments, FX ...) | $80K | $24.3M | $11.5M | $6.42M | $113M | $7.6M | $0 | $1.75M | -$15.9M | $0 | $0 | $26.4M | |
| Total non-operating income | -$2.44M | -$29.1M | -$21M | -$13.7M | -$120M | -$16.5M | -$8.45M | -$5.7M | $4.41M | -$44.6M | $37.4M | -$104M | |
| Income before tax | -$10.5M | -$62.8M | $10.9M | -$4.25M | -$139M | -$35.4M | -$52.6M | -$26.2M | -$26.5M | -$70.6M | -$79.6M | -$166M | |
| Income tax | $0 | $0 | $96K | $0 | $1K | $117K | -$16K | $8K | $15K | -$2K | $1.77M | $1.89M | |
| Net income | -$10.5M | -$62.8M | -$64.5M | -$4.25M | -$139M | -$35.6M | -$52.5M | -$16.9M | -$17.5M | -$99.3M | -$110M | -$236M | |
| EPS (basic) | -$0.10 | -$0.52 | -$0.58 | -$0.03 | -$0.66 | -$0.16 | -$0.24 | -$0.07 | -$0.07 | -$0.36 | -$0.39 | -$0.82 | |
| EPS (diluted) | -$0.10 | -$0.52 | -$0.58 | -$0.03 | -$0.66 | -$0.16 | -$0.24 | -$0.07 | -$0.07 | -$0.36 | -$0.39 | -$0.82 | |
| Shares (basic, weighted) | 110M | 121M | 114M | 149M | 210M | 222M | 201M | 256M | 277M | 282M | 286M | 292M | |
| Shares (diluted, weighted) | 110M | 121M | 114M | 149M | 210M | 222M | 201M | 256M | 277M | 282M | 286M | 292M | |
| Depreciation & amortization | $13.4M | $26.4M | $66.5M | $34.3M | $26.4M | $18.8M | $18.4M | $4.15M | $8.59M | $20.8M | $33.8M | $41.9M | |
| EBITDA | $5.25M | -$31.7M | $86.8M | $37.4M | -$105M | -$7.76M | -$25.7M | -$18.1M | -$6.48M | -$5.11M | -$83.2M | -$46.8M |
| Income statement | Trend | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $0 | $0 | $8.55M | $55.4M | $137M | $229M | $611M | |
| Cost of revenue | $0 | $1K | $21.9M | $44.4M | $107M | $217M | $454M | |
| Gross profit | $0 | -$1K | -$13.3M | $11M | $30M | $11.8M | $158M | |
| General & administrative | $0 | $0 | $0 | $0 | $0 | $108M | $332M | |
| Other operating expenses | $0 | $0 | $0 | $0 | $0 | -$23.9M | $61.9M | |
| Operating expenses | $0 | $331K | $7.56M | $55.1M | $45M | $84M | $394M | |
| Operating income | $0 | -$332K | -$20.9M | -$44.1M | -$15.1M | -$72.2M | -$236M | |
| Interest income | $0 | $0 | $0 | $0 | $931K | $3.12M | $0 | |
| Interest expense | $263K | $236K | $112K | $1.98M | $18.6M | $35.3M | $29.5M | |
| Other non-operating income (gains on investments, FX ...) | $0 | $0 | $936K | $94K | $40.6M | $124M | -$84.3M | |
| Total non-operating income | -$263K | -$236K | -$1.05M | -$2.07M | -$59.2M | -$159M | $54.8M | |
| Income before tax | -$263K | -$568K | -$21.9M | -$46.1M | -$74.3M | -$231M | -$182M | |
| Income tax | $0 | $0 | $540K | -$523K | $96K | $102K | $1.79M | |
| Net income | -$263K | -$568K | -$23.5M | -$44.6M | -$149M | -$231M | -$244M | |
| EPS (basic) | -$0.17 | -$0.06 | -$0.41 | -$0.48 | -$1.31 | -$1.16 | -$0.91 | |
| EPS (diluted) | -$0.17 | -$0.06 | -$0.41 | -$0.48 | -$1.31 | -$1.16 | -$0.91 | |
| Shares (basic, weighted) | 1.51M | 8.9M | 57.1M | 94M | 114M | 201M | 275M | |
| Shares (diluted, weighted) | 1.51M | 8.9M | 57.1M | 94M | 114M | 201M | 275M | |
| Depreciation & amortization | $0 | $1K | $1.12M | $7.27M | $79.4M | $97.9M | $67.4M | |
| EBITDA | $0 | -$331K | -$20.7M | -$36.9M | $23.7M | -$97.8M | -$84.6M |
Standardised from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in USD.
Revenue, operating income and growth
quarterlyMargins
quarterlyCosts as % of revenue
quarterlyThe other statements
Sources
Statements, segment revenue, metrics and estimates are standardised from the company's filings. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-Q 2026-08-31, 10-K 2026-05-31, 10-Q 2026-02-28, 10-Q 2025-11-30, 10-Q 2025-08-31, 10-K 2025-05-31, 10-Q 2025-02-28, 10-Q 2024-11-30, 10-Q 2024-08-31
Data as of 2026-11-02