For the quarter ending 2026-02-28, APLD has $6,246,818K in assets. $3,679,372K in debts. $1,730,440K in cash and cash equivalents.
| Balance Sheets | 2026-02-28 | 2025-11-30 | 2025-08-31 | 2025-05-31 |
|---|---|---|---|---|
| Cash and cash equivalents | 1,730,440 | 1,913,436 | 73,911 | 41,552 |
| Funds for construction | - | - | 2,851 | 41,026 |
| Letters of credit | - | - | 37,342 | 31,342 |
| Restricted cash | 198,423 | 205,121 | - | - |
| Accounts receivable | 20,753 | 13,345 | 29,134 | 3,043 |
| Prepaid expenses and other current assets | 478,705 | 272,012 | 188,491 | 9,430 |
| Current assets held for sale | - | 313,403 | 310,006 | 304,200 |
| Total current assets | 2,428,321 | 2,717,317 | 641,735 | 430,593 |
| Property and equipment, net | 3,011,751 | 2,001,450 | 1,461,775 | 1,275,841 |
| Operating lease right of use assets, net | 77,457 | 656 | 810 | 960 |
| Finance lease right of use assets, net | 135,581 | 1,532 | 16,893 | 17,820 |
| Other assets | 593,708 | 508,389 | 277,782 | 144,876 |
| Total assets | 6,246,818 | 5,229,344 | 2,398,995 | 1,870,090 |
| Accounts payable | 377,429 | 92,911 | 172,823 | 247,528 |
| Accrued liabilities | 376,985 | 207,454 | 182,948 | 29,549 |
| Current portion of operating lease liability | 18,101 | 632 | 688 | 692 |
| Current portion of finance lease liability | 51,151 | 1,366 | 11,951 | 13,633 |
| Current portion of debt | 98,174 | 12,555 | 382,056 | 10,331 |
| Current portion of debt, at fair value | - | - | - | 0 |
| Customer deposits-Nonrelated Party | - | - | - | 16,125 |
| Customer deposits-Related Party | - | - | - | 0 |
| Deferred revenue-Nonrelated Party | - | - | - | 0 |
| Customer deposits | 16,752 | 16,752 | 16,752 | - |
| Deferred revenue-Related Party | - | - | - | 0 |
| Deferred revenue | 12,550 | 29,444 | 626 | - |
| Due to customer | 2,658 | 2,658 | 3,054 | 4,807 |
| Current liabilities held-for-sale | - | 161,318 | 188,215 | 216,047 |
| Other current liabilities | 65,518 | 38,311 | 26,380 | 19,432 |
| Total current liabilities | 1,019,318 | 563,401 | 985,493 | 558,144 |
| Long-term portion of operating lease liability | 45,051 | 105 | 220 | 381 |
| Long-term portion of finance lease liability | 20,502 | 8 | 11 | 15 |
| Long-term debt | 2,594,501 | 2,594,011 | 305,283 | 677,825 |
| Total liabilities | 3,679,372 | 3,157,525 | 1,291,007 | 1,236,365 |
| Temporary equity-Series EPreferred Stock | 6,432 | 6,432 | 6,932 | 6,932 |
| Temporary equity-Series E1Preferred Stock | 56,728 | 56,796 | 56,796 | 57,011 |
| Temporary equity-Series GPreferred Stock | 0 | 41,990 | 0 | 72,094 |
| Redeemable noncontrolling interest | 923,065 | 516,972 | - | - |
| Common stock, 0.001 par value, 600,000,000 shares authorized, 292,549,415 shares issued and 285,384,115 shares outstanding at february28, 2026, and 234,200,868 shares issued and 224,909,669 shares outstanding at may31, 2025 | 293 | 287 | 274 | 230 |
| Treasury stock, 7,165,300 shares at february28, 2026 and 9,291,199 shares at may31, 2025, at cost | 52,737 | 52,737 | 31,400 | 31,400 |
| Additional paid in capital | 2,216,722 | 2,014,459 | 1,573,367 | 1,009,913 |
| Accumulated deficit | -583,057 | -512,380 | -497,981 | -481,055 |
| Total stockholders equity attributable to applied digital corporation | 1,581,221 | 1,449,629 | 1,044,260 | 497,688 |
| Total liabilities, temporary equity and stockholders' equity | 6,246,818 | 5,229,344 | 2,398,995 | 1,870,090 |
Applied Digital Corp. (APLD)
Applied Digital Corp. (APLD)