| Income Statement | 2025-08-31 | 2025-02-28 | 2024-11-30 | 2024-08-31 |
|---|---|---|---|---|
| Total revenue | 64,216 | 52,921 | 63,868 | 60,704 |
| Cost of revenues | 55,606 | 49,141 | 52,361 | 61,060 |
| Selling, general and administrative | 29,152 | 22,723 | 29,789 | 14,341 |
| Gain on classification of held for sale | 0 | 0 | -192 | 24,808 |
| Loss on abandonment of assets | -1,751 | 0 | -141 | -628 |
| Loss on legal settlement | - | 0 | 0 | 0 |
| Total costs and expenses | 86,509 | 71,864 | 82,483 | 51,221 |
| Operating (loss) income | -22,293 | -18,943 | -18,615 | 9,483 |
| Interest expense, net | 3,946 | 8,897 | 7,482 | 7,308 |
| Loss on conversion of debt | - | 0 | -25,410 | - |
| Loss on change in fair value of debt | 0 | 0 | -87,218 | -6,422 |
| Loss on change in fair value of related party debt | - | 0 | - | - |
| Loss on extinguishment of debt-Nonrelated Party | - | -1,177 | - | - |
| Loss on extinguishment of debt-Related Party | - | 0 | - | - |
| Loss on extinguishment of related party debt | - | - | 0 | 0 |
| Loss on change in fair value of warrants issued | - | 6,421 | - | - |
| Net (loss) income from continuing operations before income tax expense | -26,239 | -35,438 | -138,725 | -4,247 |
| Income tax expense | 8 | 117 | 1 | 0 |
| Net (loss) income from continuing operations | -26,247 | - | - | - |
| Loss on abandonment of assets | 0 | - | - | - |
| Revenue-Cloud Services Business-Discontinued Operations Held For Sale Or Disposed Of By Sale | 16,718 | - | - | - |
| Cost of revenues-Cloud Services Business-Discontinued Operations Held For Sale Or Disposed Of By Sale | 3,365 | - | - | - |
| Selling, general and administrative-Cloud Services Business-Discontinued Operations Held For Sale Or Disposed Of By Sale | 330 | - | - | - |
| Loss on abandonment of assets-Cloud Services Business-Discontinued Operations Held For Sale Or Disposed Of By Sale | -492 | - | - | - |
| Operating income (loss) from discontinued operations | 12,531 | - | - | - |
| Interest expense | 3,210 | - | - | - |
| Net income (loss) from discontinued operations before income tax expense | 9,321 | - | - | - |
| Income tax expense | 0 | - | - | - |
| Net (loss) income from discontinued operations | 9,321 | - | - | - |
| Net loss | -16,926 | -35,555 | -138,726 | -4,247 |
| Net loss attributable to noncontrolling interest | - | 0 | 0 | 0 |
| Preferred dividends | 1,576 | 540 | 629 | 44 |
| Net loss attributable to common stockholders | -18,502 | -36,095 | -139,355 | -4,291 |
| Basic net loss per share (in dollars per share) | -0.07 | -0.16 | -0.66 | -0.03 |
| Basic weighted average number of shares outstanding (in shares) | 255,892,902 | 222,454,578 | 209,560,339 | 149,009,336 |
| Diluted net loss per share (in dollars per share) | -0.07 | -0.16 | -0.66 | -0.03 |
| Diluted weighted average number of shares outstanding (in shares) | 255,892,902 | 222,454,578 | 209,560,339 | 149,009,336 |
Applied Digital Corp. (APLD)
Applied Digital Corp. (APLD)