The latest financial statement is for the quarter ending 2026-02-28.
| Cash Flow | 2026-02-28 | 2025-11-30 | 2025-08-31 | 2025-05-31 |
|---|---|---|---|---|
| Net loss | -70,556 | -14,450 | -16,926 | -52,537 |
| Depreciation and amortization | 20,813 | 8,587 | 4,152 | 18,405 |
| Stock-based compensation | 50,149 | 29,127 | 15,465 | 12,471 |
| Lease expense | 5,484 | 5,445 | 5,381 | 7,750 |
| Deferred income taxes | - | - | - | 0 |
| Loss on extinguishment of debt-Nonrelated Party | - | - | - | 0 |
| Gain on change in fair value of derivatives | 9,417 | 13,126 | - | - |
| Loss on extinguishment of debt-Related Party | - | - | - | 0 |
| Gain on change in fair value of investment | 3,305 | 2,767 | - | - |
| Loss on legal settlement | - | - | - | 0 |
| Loss on extinguishment of debt | 0 | - | - | - |
| Amortization of debt issuance costs | - | 6,849 | 4,851 | -1,806 |
| Non-cash interest expense | 74,989 | - | - | - |
| Loss (gain) on classification of held for sale | -59,650 | 0 | 0 | 0 |
| Loss on conversion of debt | 0 | 0 | - | 0 |
| Loss on change in fair value of debt | 0 | 0 | 0 | 0 |
| Loss on change in fair value of related party debt | - | - | - | 0 |
| Loss on abandonment of assets | -100 | -492 | -1,751 | -369 |
| Loss on change in fair value of warrants | 0 | - | - | 0 |
| Accounts receivable | -1,622 | -13,980 | 29,525 | -7,788 |
| Prepaid expenses and other current assets | 81,982 | -715 | 6,962 | 4,237 |
| Customer deposits-Nonrelated Party | 0 | 0 | 627 | 0 |
| Customer deposits-Related Party | 0 | 0 | 0 | 0 |
| Deferred revenue-Nonrelated Party | -17,046 | 28,318 | -2,316 | -1,285 |
| Deferred revenue-Related Party | 0 | 0 | 0 | 0 |
| Accounts payable | -12,580 | -81,219 | -77,784 | 10,122 |
| Accrued liabilities | 43,587 | -7,658 | 28,684 | 192 |
| Due to customer | 0 | -396 | -1,753 | 0 |
| Lease assets and liabilities | 9,566 | 14,805 | -9,598 | 6,033 |
| Other assets | 4,366 | 4,547 | -1,930 | -3,736 |
| Cash flow used in operating activities | 55,008 | -15,845 | -82,023 | 6,855 |
| Purchases of property and equipment and other assets | 775,207 | 552,070 | 249,420 | 198,263 |
| Proceeds from satisfaction of contingency on sale of assets | 0 | 0 | 0 | 0 |
| Finance lease prepayments | 0 | 0 | 0 | 1,338 |
| Investment in companies | 0 | 17,000 | - | 2,375 |
| Cash flow used in investing activities | -775,207 | -569,070 | -249,420 | -201,976 |
| Repayment of finance leases | 24,405 | 40,118 | 29,932 | 31,081 |
| Borrowings of long-term debt-Nonrelated Party | - | - | - | 83 |
| Borrowings of related party debt-Related Party | - | - | - | 0 |
| Repayment of long-term debt-Nonrelated Party | - | - | - | 2,510 |
| Repayment of related party debt-Related Party | - | - | - | 0 |
| Borrowings of long-term debt | 85,000 | 2,419,798 | 65 | - |
| Payment of deferred financing costs-Nonrelated Party | - | - | - | 42,398 |
| Repayments of long-term debt | 2,250 | 427,870 | 2,416 | - |
| Payment of deferred financing costs-Related Party | - | - | - | 0 |
| Payment of deferred financing costs | 16,445 | 99,141 | -34,418 | - |
| Tax payments for restricted stock upon vesting | 9,371 | 10,970 | 4,497 | 1,146 |
| Noncontrolling interest contributions | 337,500 | 562,500 | - | 0 |
| Noncontrolling interest issuance costs | 199 | 61,819 | - | - |
| Proceeds from issuance of common stock | 0 | 0 | 196,366 | 0 |
| Common stock issuance costs | 0 | 4 | 5,945 | 52 |
| Proceeds from issuance of preferred stock | 149,999 | 414,999 | 175,000 | 97,716 |
| Preferred stock issuance costs | 72 | 7,192 | 4,604 | 4,898 |
| Redemption of preferred stock | 68 | 500 | 225 | - |
| Dividends issued on preferred stock | 1,559 | 1,570 | 1,576 | 1,402 |
| Warrant issuance costs | 0 | 8,250 | - | - |
| Exercise of warrants | 0 | 6,264 | 1 | - |
| Proceeds from issuance of safe agreement included in long-term debt | 0 | 0 | 0 | 0 |
| Repurchase of shares | 0 | 0 | - | 0 |
| Proceeds from convertible notes | 0 | 0 | - | 0 |
| Purchase of capped call options | 0 | 0 | - | 0 |
| Purchase of prepaid forward contract | 0 | 0 | - | 0 |
| Cash flow provided by financing activities | 532,106 | 2,766,570 | 322,236 | 57,215 |
| Net increase in cash, cash equivalents, and restricted cash | -188,093 | 2,181,655 | -9,207 | -137,906 |
| Cash, cash equivalents, and restricted cash, beginning of period | 2,295,766 | 114,111 | 123,318 | 261,224 |
| Cash, cash equivalents, and restricted cash, end of period | 2,107,673 | 2,295,766 | 114,111 | 123,318 |
| Less cash, cash equivalents, and restricted cash from discontinued operations | - | -5 | 7 | 2,398 |
| Cash, cash equivalents, and restricted cash from continuing operations | - | 2,181,660 | 114,104 | 120,920 |
Applied Digital Corp. (APLD)
Applied Digital Corp. (APLD)