For the quarter ending 2025-08-31, APLD had -$9,207K decrease in cash & cash equivalents over the period. -$331,443K in free cash flow.
| Cash Flow | 2025-08-31 | 2025-05-31 | 2025-02-28 | 2024-11-30 |
|---|---|---|---|---|
| Loss on legal settlement | - | 0 | 0 | 0 |
| Loss on conversion of debt | - | 0 | 0 | -33,612 |
| Loss on change in fair value of debt | 0 | 0 | 0 | -79,017 |
| Loss on change in fair value of related party debt | - | - | 0 | - |
| Loss on extinguishment of debt-Nonrelated Party | - | 0 | -1,177 | - |
| Loss on extinguishment of debt-Related Party | - | 0 | 0 | - |
| Loss on change in fair value of related party debt | - | 0 | - | - |
| Loss on change in fair value of warrants-Nonrelated Party | - | 6,421 | - | - |
| Loss on extinguishment of debt | - | - | - | 0 |
| Loss on change in fair value of warrants | - | 0 | 6,421 | - |
| Loss on change in fair value of warrants-Related Party | - | 0 | - | - |
| Net loss | -16,926 | -52,537 | -35,555 | -138,726 |
| Depreciation and amortization | 4,152 | 18,405 | 18,779 | 26,445 |
| Stock-based compensation | 15,465 | 12,471 | 9,691 | 3,461 |
| Lease expense | 5,381 | 7,750 | 8,531 | 7,721 |
| Deferred income taxes | - | 0 | - | - |
| Amortization of debt issuance costs | 4,851 | -1,806 | 9,091 | -228 |
| Gain on classification of held for sale | 0 | 0 | 0 | -192 |
| Loss on abandonment of assets | -1,751 | -369 | 0 | -141 |
| Accounts receivable | 29,525 | -7,788 | 2,256 | 10,015 |
| Prepaid expenses and other current assets | 6,962 | 4,237 | -3,081 | 6,432 |
| Customer deposits-Nonrelated Party | 627 | 0 | 0 | 2,449 |
| Customer deposits-Related Party | 0 | 0 | 0 | 0 |
| Deferred revenue-Nonrelated Party | -2,316 | -1,285 | -1,308 | -10,680 |
| Deferred revenue-Related Party | 0 | 0 | 0 | 0 |
| Accounts payable | -77,784 | 10,122 | -5,529 | -5,312 |
| Accrued liabilities | 28,684 | 192 | -9,804 | -12,253 |
| Due to customer | -1,753 | 0 | -2,548 | -9,856 |
| Lease assets and liabilities | -9,598 | 6,033 | 5,825 | -10,625 |
| Other assets | -1,930 | -3,736 | -301 | 1,058 |
| Cash flow used in operating activities | -82,023 | 6,855 | 5,897 | -52,264 |
| Purchases of property and equipment and other assets | 249,420 | 198,263 | 257,493 | 171,049 |
| Proceeds from satisfaction of contingency on sale of assets | 0 | 0 | 0 | 0 |
| Finance lease prepayments | 0 | 1,338 | -430 | 2,462 |
| Purchases of investments | - | 2,375 | 1,076 | 1,422 |
| Cash flow used in investing activities | -249,420 | -201,976 | -258,139 | -174,933 |
| Repayment of finance leases | 29,932 | 31,081 | 31,822 | 36,121 |
| Borrowings of long-term debt-Nonrelated Party | - | 83 | 375,000 | 170,000 |
| Borrowings of related party debt-Related Party | - | 0 | 0 | 0 |
| Repayment of long-term debt-Nonrelated Party | - | 2,510 | 157,221 | 127,428 |
| Repayment of related party debt-Related Party | - | 0 | 0 | 0 |
| Borrowings of long-term debt | 65 | - | - | - |
| Payment of deferred financing costs-Nonrelated Party | - | 42,398 | - | - |
| Repayments of long-term debt | 2,416 | - | - | - |
| Payment of deferred financing costs-Related Party | - | 0 | - | - |
| Payment of deferred financing costs | -34,418 | - | 13,976 | 20,443 |
| Tax payments for restricted stock upon vesting | 4,497 | 1,146 | 2,970 | - |
| Proceeds from issuance of common stock | 196,366 | 0 | 0 | 160,000 |
| Common stock issuance costs | 5,945 | 52 | 20 | 10,189 |
| Proceeds from issuance of preferred stock | 175,000 | 97,716 | 33,404 | 6,359 |
| Preferred stock issuance costs | 4,604 | 4,898 | 2,967 | 503 |
| Redemption of preferred stock | 225 | - | - | - |
| Dividends issued on preferred stock | 1,576 | 1,402 | 541 | 628 |
| Exercise of warrants | 1 | - | - | - |
| Proceeds from issuance of safe agreement included in long-term debt | 0 | 0 | 0 | 0 |
| Repurchase of shares | - | 0 | 0 | 31,342 |
| Proceeds from convertible notes | - | 0 | 0 | 450,000 |
| Purchase of capped call options | - | 0 | 0 | 51,750 |
| Purchase of prepaid forward contract | - | 0 | 0 | 52,736 |
| Noncontrolling interest contributions | - | 0 | - | - |
| Cash flow provided by financing activities | 322,236 | 57,215 | 198,887 | 455,219 |
| Net (decrease) increase in cash, cash equivalents, and restricted cash | -9,207 | -137,906 | -53,355 | 228,022 |
| Cash and cash equivalents at beginning of period | 123,318 | 261,224 | 314,579 | 86,557 |
| Cash and cash equivalents at end of period | 114,111 | 123,318 | 261,224 | 314,579 |
Applied Digital Corp. (APLD)
Applied Digital Corp. (APLD)