| Cash Flow | 2025-08-31 | 2025-02-28 | 2024-11-30 | 2024-08-31 |
|---|---|---|---|---|
| Loss on legal settlement | - | 0 | 0 | 0 |
| Loss on conversion of debt | - | -33,612 | -33,612 | - |
| Loss on change in fair value of debt | 0 | -85,439 | -85,439 | -6,422 |
| Loss on change in fair value of related party debt | - | 0 | - | - |
| Gain (loss) on extinguishment of debt-Nonrelated Party | - | -1,177 | - | - |
| Gain (loss) on extinguishment of debt-Related Party | - | 0 | - | - |
| Loss on extinguishment of debt | - | - | 0 | 0 |
| Loss on change in fair value of warrants issued | - | 6,421 | - | - |
| Net loss | -16,926 | -178,528 | -142,973 | -4,247 |
| Depreciation and amortization | 4,152 | 79,540 | 60,761 | 34,316 |
| Stock-based compensation | 15,465 | 10,233 | 542 | -2,919 |
| Lease expense | 5,381 | 23,911 | 15,380 | 7,659 |
| Amortization of debt issuance costs | 4,851 | 11,515 | 2,424 | 2,769 |
| Gain on classification of held for sale | 0 | 24,616 | 24,616 | 24,808 |
| Loss on abandonment of assets | -1,751 | -769 | -769 | -628 |
| Accounts receivable | 29,525 | 10,722 | 8,466 | -1,549 |
| Prepaid expenses and other current assets | 6,962 | 4,072 | 7,153 | 721 |
| Customer deposits-Nonrelated Party | 627 | 2,306 | 2,306 | -143 |
| Customer deposits-Related Party | 0 | -1,549 | -1,549 | -1,549 |
| Deferred revenue-Nonrelated Party | -2,316 | -32,795 | -31,487 | -20,807 |
| Deferred revenue-Related Party | 0 | -1,692 | -1,692 | -1,692 |
| Accounts payable | -77,784 | -88,378 | -82,849 | -77,537 |
| Accrued liabilities | 28,684 | -12,319 | -2,515 | 9,738 |
| Due to customer | -1,753 | -8,195 | -5,647 | 4,209 |
| Lease assets and liabilities | -9,598 | -13,557 | -19,382 | -8,757 |
| Sales and use tax payable | - | - | - | 0 |
| Other assets | -1,930 | 757 | 1,058 | 0 |
| Cash flow used in operating activities | -82,023 | -122,257 | -128,154 | -75,890 |
| Purchases of property and equipment and other assets | 249,420 | 483,340 | 225,847 | 54,798 |
| Proceeds from satisfaction of contingency on sale of assets | 0 | 25,000 | 25,000 | 25,000 |
| Finance lease prepayments | 0 | 4,840 | 5,270 | 2,808 |
| Purchases of investments | - | 2,498 | 1,422 | 0 |
| Cash flow used in investing activities | -249,420 | -465,678 | -207,539 | -32,606 |
| Repayment of finance leases | 29,932 | 93,992 | 62,170 | 26,049 |
| Borrowings of long-term debt-Nonrelated Party | - | 650,000 | 275,000 | 105,000 |
| Borrowings of related party debt-Related Party | - | 0 | 0 | 0 |
| Repayments of long-term debt-Nonrelated Party | - | 290,535 | 133,314 | 5,886 |
| Borrowings of long-term debt | 65 | - | - | - |
| Repayment of related party debt-Related Party | - | 0 | 0 | 0 |
| Repayments of long-term debt | 2,416 | - | - | - |
| Payment of deferred financing costs | 1 | 42,903 | 28,927 | 8,484 |
| Tax payments for restricted stock upon vesting | 4,497 | 2,970 | - | - |
| Proceeds from issuance of common stock | 196,366 | 191,590 | 191,590 | 31,590 |
| Common stock issuance costs | 5,945 | 10,253 | 10,233 | 44 |
| Proceeds from issuance of preferred stock | 175,000 | 100,489 | 67,085 | 60,726 |
| Preferred stock issuance costs | 4,604 | 8,914 | 5,947 | 5,444 |
| Redemption of preferred stock | 225 | - | - | - |
| Dividends issued on preferred stock | 1,576 | 1,213 | 672 | 44 |
| Exercise of warrants | 1 | - | - | - |
| Proceeds from issuance of safe agreement included in long-term debt | 0 | 12,000 | 12,000 | 12,000 |
| Repurchase of shares | - | 31,342 | 31,342 | - |
| Proceeds from convertible notes | - | 450,000 | 450,000 | - |
| Purchase of capped call options | - | 51,750 | 51,750 | - |
| Purchase of prepaid forward contract | - | 52,736 | 52,736 | - |
| Cash flow provided by financing activities | 322,236 | 817,471 | 618,584 | 163,365 |
| Net (decrease) increase in cash, cash equivalents, and restricted cash | -9,207 | 229,536 | 282,891 | 54,869 |
| Cash and cash equivalents at beginning of period | 123,318 | 31,688 | 31,688 | 31,688 |
| Cash and cash equivalents at end of period | 114,111 | 261,224 | 314,579 | 86,557 |
Applied Digital Corp. (APLD)
Applied Digital Corp. (APLD)